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characterized by strong regulation of their private pension fund industries. Thus, the paper extends the literature which has so far … mostly focused on performance of pension fund industries facing no or limited regulation. We find that the performance of … fund management ; investment and performance regulation ; performance measurement ; Central European stock markets …
Persistent link: https://www.econbiz.de/10008665401
There is some controversy on the key sources of success in the private equity model and on how this business model affects the portfolio companies. We investigate financial distress risks of European companies around the buyout event in the period between 2000 and 2008. In addition, we analyze...
Persistent link: https://www.econbiz.de/10009424110
This article documents a new value creation function of private equity investors who carry out buy-and-build strategies. Buy-and-build strategies constitute an initial acquisition of a firm, serving as a “platform”, by a private equity investor and follow-on private equity-backed...
Persistent link: https://www.econbiz.de/10010204104
Drawing on a novel dataset of worldwide venture capital deals, we investigate how venture capitalists (VCs) overcome the complexity of investing in geographically and institutionally distant regions. Our results indicate that syndicating with local VCs is a common way for foreign VCs to gain...
Persistent link: https://www.econbiz.de/10008937316
This study examines the consequences of loan denials for the investment performance of small and medium-sized German enterprises. As a consequence of a loan denial, innovative companies experience a smaller drop in the share of actual to planned investment than non-innovative companies. The...
Persistent link: https://www.econbiz.de/10003961525
In recent years, the socially responsible investing (SRI) industry has become an important segment of international capital markets by incorporating ESG (Environmental, Social and Governance) factors into investment selection and management processes. This study analyses whether SRI mutual funds...
Persistent link: https://www.econbiz.de/10010511288
The aim of this study is the analysis of so called socially responsible investments (SRI). First, the performance of SRI equity investment funds and equity indices is investigated using Jensen's alpha as performance measure. The analysis considers market timing strategies of the fund management...
Persistent link: https://www.econbiz.de/10011448250
einer Regulierung gestellt. Die "Informationsherrschaft" hat dabei verschiedene Seiten: Zum einen kann die unbegrenzte … diese Interessen gegeneinander abwägen. Mit der "Regulierung" gegenläufiger informationeller Interessen obliegt ihnen eine … öffentliche Regulierungsfunktion zuzuweisen. In diesem Artikel sprechen wir uns gegen eine solche ex-ante-Regulierung aus. Das …
Persistent link: https://www.econbiz.de/10011552493
used to determine future prices when subject to a lower-powered regulation mechanism. The difference is particularly …
Persistent link: https://www.econbiz.de/10011971656
Regulierung auf Substitut-OTT-Dienste als auch durch eine Rückführung der bestehenden Regulierung für alle Dienste herbeizuführen … im Sinne einer Zwangsläufigkeit zur vollständigen Aufhebung der sektorspezifischen Regulierung beantwortet werden ... …
Persistent link: https://www.econbiz.de/10011522669