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This paper presents a model of the financial structure of private equity firms. In the model, the general partner of the firm encounters a sequence of deals over time where the exact quality of each deal cannot be credibly communicated to investors. We show that the optimal financing arrangement...
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corporate investment tended to pick up from 2014 and to do so with greater intensity at SMEs than at large corporations, after … productive assets (tangibles and intangibles alike), the investment level attained in 2016 is expected to still be below pre …-crisis figures. Analysis of investment determinants highlights the fact that the strength of the financial position and of …
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