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dataset of buyout and venture funds, we test for the presence of reported return manipulation. We find evidence that some … to raise a next fund, suggesting that investors can see through the manipulation on average. In contrast, we find that …
Persistent link: https://www.econbiz.de/10012974308
dataset of buyout and venture funds, we test for the presence of reported return manipulation. We find evidence that some … unlikely to raise a next fund, suggesting that investors see through much of the manipulation. In contrast, we find that top …
Persistent link: https://www.econbiz.de/10012985577
dataset of buyout and venture funds, we test for the presence of reported return manipulation. We find evidence that some … unlikely to raise a next fund, suggesting that investors see through much of the manipulation. In contrast, we find that top …
Persistent link: https://www.econbiz.de/10012456184
Persistent link: https://www.econbiz.de/10011539712
Persistent link: https://www.econbiz.de/10011669396
Using a large sample of institutional investors' investments in private equity funds raised between 1991 and 2011, we estimate the extent to which investors' skill affects their returns. Bootstrap analyses show that the variance of actual performance is higher than would be expected by chance,...
Persistent link: https://www.econbiz.de/10011962225
Using a large sample of institutional investors' private equity investments in venture and buyout funds, we estimate the extent to which investors' skill affects returns from private equity investments. We first consider whether investors have differential skill by comparing the distribution of...
Persistent link: https://www.econbiz.de/10012984744
Persistent link: https://www.econbiz.de/10012136867
Using a large sample of institutional investors' private equity investments in venture and buyout funds, we estimate the extent to which investors' skill affects returns from private equity investments. We first consider whether investors have differential skill by comparing the distribution of...
Persistent link: https://www.econbiz.de/10012456132
Persistent link: https://www.econbiz.de/10011308669