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Private Equity Investments
Claudia Sommer
其他書名
Drivers and Performance Implications of Investment Cycles
出版Springer Fachmedien Wiesbaden, 2012-10-08
主題Business & Economics / Finance / General
ISBN36580023529783658002350
URLhttp://books.google.com.hk/books?id=gP8hjgEACAAJ&hl=&source=gbs_api
註釋Private Equity experienced dramatic flutuations in investment activity in line with the turbulences of financial markets in recent years. Claudia Sommer develops a theoretical framework of factors driving private equity investment activity and the resulting performance implications. Using a data set of more than 40,000 European transations between 1990 and 2009 she applies a variety of econometrial approaches and shows how neoclassical aspects, information asymmetries, agency conflicts, and market timing contribute to the dynamics in the private equity market. In a performance analysis of more than 1,300 European private equity funds, she reveals how fund performance is linked to investment activity. ​