Stotz, Olaf; Wanzenried, Gabrielle; Döhnert, Karsten - In: Journal of Economics and Business 62 (2010) 6, pp. 562-576
This paper analyses 689 open-market purchases of public equity by private equity investors (PEIs) between 1999 and 2008. On average, we find a positive market reaction to the public announcement of such purchases in both the short and long term. Based on the long-term event study approach of...