Showing 1 - 10 of 31,770
This paper analyzes the impact of differences in supply of and demand for private equity financing on the performance … buyout performance decreases when large volumes of private equity commitments are looking for suit-able acquisition targets … acquisition prices (and thereby transaction performance) depend on the competition by a limited number of private equity fund …
Persistent link: https://www.econbiz.de/10005011546
Private equity funds and hedge funds are both alternative asset classes that are continuously growing in importance. Although they have different focuses, they share some characteristics. First of all, both have or allegedly have a significant impact on the economy as well as the financial...
Persistent link: https://www.econbiz.de/10010305729
Private equity funds and hedge funds are both alternative asset classes that are continuously growing in importance. Although they have different focuses, they share some characteristics. First of all, both have or allegedly have a significant impact on the economy as well as the financial...
Persistent link: https://www.econbiz.de/10009219903
Venture capital (VC) funds backed by large multi-fund families tend to perform substantially better due to cross-fund cash flows (CFCFs), a liquidity support mechanism provided by matching distributions and capital calls within a VC fund family. The dynamics of this mechanism coincide with the...
Persistent link: https://www.econbiz.de/10013557355
Private equity firms increasingly sell companies to each other in secondary buyouts (SBOs). We examine commonly expressed concerns regarding SBOs using novel and unique datasets. SBOs made by buyers under pressure to spend capital (a minority of transactions) underperform and destroy value for...
Persistent link: https://www.econbiz.de/10010256966
Limited partners (LPs) of private equity funds commit to invest with extreme levels of illiquidity and significant uncertainty regarding the timing of capital flows. Secondary markets have emerged which alleviate some of the associated cost. This paper develops a subjective valuation model...
Persistent link: https://www.econbiz.de/10011772208
focuses on developing theoretical and empirical analysis framework to explain the fixed and performance fees, the performance … and the investor have respectively an impact on the periodic performance fees (carried interest) during the bargaining … performance and the risk of funds. To achieve our objective, we create a unique database that has an international sample of …
Persistent link: https://www.econbiz.de/10011212048
Venture capital (VC) funds backed by large multi-fund families tend to perform substantially better due to cross-fund cash flows (CFCFs), a liquidity support mechanism provided by matching distributions and capital calls within a VC fund family. The dynamics of this mechanism coincide with the...
Persistent link: https://www.econbiz.de/10013555504
This study investigates the impact of excessive regulation on private equity (PE) returns and firm performance. History … empirically examines the performance of PE investments in Italy when leveraged buyouts are strictly regulated. The data show that … extreme regulation reduces not only the supply of capital, but also PE returns and firm performance, as well as the likelihood …
Persistent link: https://www.econbiz.de/10010741774
, and political risk affect the performance and risk-taking behavior of mutual funds. Overall, the results show strongly … that legal conditions, culture, and political risk have robust differential effects on performance and risk-taking behavior … conditions, higher corruption and political risk have higher performance. Likewise, in such conditions, both of Islamic and …
Persistent link: https://www.econbiz.de/10011082472