Private Equity Investments : Drivers and Performance Implications of Investment Cycles / by Claudia Sommer

By:

Sommer, Claudia, 1979- [aut]

Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Series: Schriften zum europäischen Management | SpringerLink BücherPublisher: Wiesbaden : Springer Gabler, 2013Description: Online-Ressource (XXVIII, 301 p. 25 illus, digital)ISBN:

9783658002343
1283909529
9781283909525

Subject(s):

Additional physical formats: 9783658002336 | Buchausg. u.d.T.: Private equity investments. Wiesbaden : Springer Gabler, 2013. XXVIII, 301 S.DDC classification:

332 23
657.8333
658.152

LOC classification:

HG1-9999 HG4501-6051 HG1501-HG3550
HG1-HG9999
HG1-9999
HG4501-6051
HG1501-HG3550

DOI: DOI: 10.1007/978-3-658-00234-3Online resources:

Contents:

Summary: Review of economic and business literature on private equity in Europe -- Development of a theoretical framework on private equity investment cycles -- Analysis of factors driving private equity investment activity on aggregate and industry level -- Analysis of the performance implications of investment cycles -- Practical implications, summary and conclusionSummary: Private equity experienced dramatic fluctuations 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 transactions, she applies a variety of econometrical 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 funds she reveals the resulting performance implicationsPPN: PPN: 1651886490Package identifier: Produktsigel: ZDB-2-SBE

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