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Private matters
Helwege, Jean; Packer, Frank - Bank for International Settlements (BIS) - 2008
Why do private firms stay private? Empirical evidence on this issue is sparse, as most private firms in the US do not report their financial results. We investigate why private status matters by taking advantage of a unique dataset of large, leveraged private firms with SEC filings. Unlike a...
Persistent link: https://www.econbiz.de/10005157609
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The development of Polish venture capital and private equity market
Lulek, Izabela - In: Copernican Journal of Finance & Accounting 2 (2013) 1, pp. 119-137
acquisition, investment and disinvestment. The research was conducted on the basis of the empirical data provided by the European … growing trust of European investors in the Polish venture capital and private equity market and the high investment …
Persistent link: https://www.econbiz.de/10011165465
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Pension Fund Investment in Private Equity and Venture Capital in the U.S. and Canada
Chemla, Gilles - Université Paris-Dauphine (Paris IX) - 2004
funds, their investment in private equity is about 20 times larger. Asset size is an important determinant of the decision … appears to be an important factor in explaining the difference in private equity investment, but it is not sufficient to …
Persistent link: https://www.econbiz.de/10011166505
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What influences investors' perceptions of private equity firm window dressing at IPO?
Ross, Donald; Hopkins, Mike - In: International Journal of Behavioural Accounting and Finance 2 (2011) 3/4, pp. 259-272
Fear of private equity (PE) firms 'putting lipstick on the pig' when divesting investee companies is common in the IPO investor market. PE firms wishing to maximise their exit value showcase investee companies in the best possible light. While PE firms are thought to add considerable value to...
Persistent link: https://www.econbiz.de/10010668772
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Private equity returns and disclosure around the world
Walz, Uwe; Cumming, Douglas - Center for Financial Studies - 2004
We study the returns the venture capital and private equity investment from 221 venture capital and private equity … the characteristics and structure of the investment. We show Heckman sample selection issues in regards to both unrealized … further compare the actual unrealized returns, as reported to investment managers, to the predicted unrealized returns based …
Persistent link: https://www.econbiz.de/10010986361
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Has Europe been catching up? An industry level analysis of venture capital success over 1985 - 2009
Kräussl, Roman; Krause, Stefan - Center for Financial Studies - 2012
After nearly two decades of US leadership during the 1980s and 1990s, are Europe's venture capital (VC) markets in the 2000s finally catching up regarding the provision of financing and successful exits, or is the performance gap as wide as ever? Are we amid an overall VC performance slump with...
Persistent link: https://www.econbiz.de/10010986399
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The different roles played by venture capital and private equity investors on the investment activity of their portfolio firms
Bertoni, Fabio; Ferrer, María; Martí, José - In: Small Business Economics 40 (2013) 3, pp. 607-633
this will translate in a recognizable difference in the investment sensitivity to cash flows of portfolio companies and its … evolution after the first investment round. We hypothesise that VC, thanks to its ability in overcoming asymmetries in …
Persistent link: https://www.econbiz.de/10010988535
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Syndication in private equity industry: comparing the strategies of independent and captive venture capitalists
Dufour, Dominique; Nasica, Eric; Torre, Dominique - HAL - 2013
This paper aims to connect two strands of the venture capital literature: the inter-relationships among venture capitalists (VCs) on the one hand, and between VCs and their funds providers on the other hand. It examines the existence of a relationship between type of fund provider and skill...
Persistent link: https://www.econbiz.de/10010933147
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Private equity-, stock- and mixed asset-portfolios: A bootstrap approach to determine performance characteristics, diversification benefits and optimal portfolio allocations
Schmidt, Daniel - Center for Financial Studies - 2003
and simultaneous investment simulation in stocks, as well as the construction of stock portfolios for benchmarking … outperforms stock investment. In earlier years private equity was underperforming its stock benchmarks. Within the overall class … of private equity, returns on earlier private equity investment categories, like venture capital, show on average higher …
Persistent link: https://www.econbiz.de/10010958618
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The effects of private equity and venture capital on sales and employment growth in small and medium-sized businesses
Paglia, John K.; Harjoto, Maretno A. - In: Journal of Banking & Finance 47 (2014) C, pp. 177-197
We study the effects private equity (PE) and venture capital (VC) financing have on small and mid-sized single entity business establishments from 1995 to 2009. We focus on single entity establishments to cleanly examine the impact of PE and VC financing on establishments’ organic growth. This...
Persistent link: https://www.econbiz.de/10010931655