The persistence of returns is a critical issue for investors in their choice of private equity managers. In this paper we analyse buyout performance persistence in new ways, using a unique database containing cash-flow data on 13,523 portfolio company investments by 865 buyout funds. We focus on...

Die Dissertation widmet sich dem Phänomen der Wahrnehmung unternehmerischer Gelegenheiten aus kognitionspsychologischer Perspektive und reiht sich damit in eine Strömung der Entrepreneurship-Forschung ein, die häufig als "entrepreneurial cognition research" bezeichnet wird. Konkret widmet...

Investors increasingly look for private equity funds to provide opportunities for co-investing outside the fund structure, thereby saving fees and carried interest payments. In this paper we use a large sample of buyout and venture capital co-investments to test how such deals compare with the...