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This study provides new evidence on the impact of governance on the performance of privately defined contribution … factors are found to be important for pension fund return on invested assets and also for its economic performance … account the different interests of the beneficiaries and owners as it may determine their performance. …
Persistent link: https://www.econbiz.de/10009767046
Due to the 2008 global financial crisis the position of the private equity sector has weakened. The number and the value of new transactions have dropped together with the volume of the raised funds. Credit shares have also decreased in the financing of the transactions. Exiting from the...
Persistent link: https://www.econbiz.de/10008738388
We evaluate the performance of limited partners' (LPs) private equity investments over time. Using a sample of 14 …,380 investments by 1,852 LPs in 1,250 buyout and venture funds started between 1991 and 2006, we find that the superior performance of …
Persistent link: https://www.econbiz.de/10009724586
A double nature characterizes the behavior of the government in the venture capital market: a fear of systemic risk and the desire to stimulate companies with growth potential. It seems that the fear might be a bit excessive, disproportionately restricting the effects of venture capital in the...
Persistent link: https://www.econbiz.de/10009719157
companies to evaluate the consequences of the corporate governance changes on operational performance. Our analysis shows … significant positive abnormal growth in several performance ratios for the private period of our sample companies relative to … comparable public companies. These performance differences come from the increase in ownership concentration after the leveraged …
Persistent link: https://www.econbiz.de/10010225758
The ownership nationality of large US multinational companies plays an implicit but important role in the current debate over how such companies should be taxed. This paper identifies that role and investigates what is actually known about where these companies’ shareholders reside
Persistent link: https://www.econbiz.de/10011387732
We address the attractiveness of 66 countries worldwide for institutional real estate investments through the construction of a composite index. For the index's composition, we refer to the results of prior research on the parameters determining real estate investment activity on an aggregated...
Persistent link: https://www.econbiz.de/10013133316
This paper examines institutional investors' propensity to invest in a relatively unknown asset class of listed private equity. Based on data provided by LPEQ, Preqin and Scorpio Partnership covering 171 institutional investors in Europe in 2008-2010, we find allocations are primarily a function...
Persistent link: https://www.econbiz.de/10013135147
We address the attractiveness of 66 countries around the world for institutional real estate investments by constructing a composite index. For the index composition, we refer to the results of prior research on the parameters determining real estate investment activity on an aggregated country...
Persistent link: https://www.econbiz.de/10013137046
This paper uses a composite index to examine the attractiveness of 66 countries worldwide for institutional real estate investments. The index construction is based on the parameters found in prior research that determine real estate investment activity on an aggregated country level. The index...
Persistent link: https://www.econbiz.de/10013117424