Listed private equity : investment strategies and returns / Sarah Kumpf.

Format:

Book

Author/Creator:

Kumpf, Sarah, author.

Series:

Reihe Alternative Investment ; Band 6

Language:

English

Subjects (All):

Private equity.

Disinvestment.

Leveraged buyouts.

Physical Description:

1 online resource (89 p.)

Edition:

1st ed.

Place of Publication:

Hamburg, Germany : Diplomica Verlag, 2013.

Language Note:

English

Summary:

The increasing popularity of private equity ('PE'), and especially leveraged buyouts in the late 1980's, 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

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 outlook Appendix; References

Notes:

Description based upon print version of record.

Includes bibliographical references.

Description based on online resource; title from PDF cover (ebrary, viewed April 4, 2014).

ISBN:

9783842839489

3842839480

OCLC:

867931095