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...

Investors increasingly look for private equity managers 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...

In this paper, I show that CEO power, which arises from differences in national culture, can weaken a firm's governance. Based on a hand-collected dataset with more than 5,000 forced and voluntary CEO transitions across 37 countries, I find that CEOs are less likely to be dismissed for bad...

Given budgetary and time constraints as well as climate concerns, researchers need to decide on which academic conferences to attend. As a basis for decision-making, we track the publication status of 6,805 research articles presented at 87 finance conferences between 2011 and 2015. We then rank...

We use the formation of new equity indexes and changes to index methodology to examine how shocks to firms' information environment affect their financing decisions. Firms added to an index are covered by more equity analysts, have greater news coverage, increased stock and bond liquidity, and...