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Book Cover
Author Kumpf, Sarah, author

Title Listed private equity : investment strategies and returns / Sarah Kumpf
Published Hamburg, Germany : Diplomica Verlag, 2013


Description 1 online resource (89 pages) : illustrations
Series Reihe Alternative Investment ; Band 6
Contents Listed Private Equity; Table of contents; List of abbreviations; List of figures; List of tables; 1 Introduction; 2 Theoretical considerations, literature review and derivation of testable hypotheses; 2.1 Definition of Private Equity; 2.2 Organizational forms of Private Equity; 2.3 Drivers of value creation on portfolio company level; 2.4 Risk and return of Private Equity on investor level; 2.5 Testable hypotheses and exploratory analysis; 3 Empirical analysis; 3.1 Data sample and descriptive statistics; 3.2 Event study methodology; 3.3 Results of the event study; 3.4 Discussion
4 Conclusion and outlookAppendix; References
Summary The increasing popularity of private equity ('PE'), and especially leveraged buyouts in the late 1980s, established a novel area of research in these investments. First, research concentrated on the taking private of large corporations in the US. In his most significant paper, Jensen (1989) claimed that PE firms which function as activist investors incentivize the management of their portfolio companies to maximize value, and concluded that in the long run, private companies, owned by PE firms, would outperform firms under public ownership. Others argued that PE firms simply buy companies at a
Bibliography Includes bibliographical references
Notes Online resource; title from PDF cover (ebrary, viewed April 4, 2014)
Subject Private equity.
Leveraged buyouts.
Leveraged buyouts
Private equity
Form Electronic book
ISBN 9783842839489