1.

Record Nr.

UNINA9910438090603321

Autore

Sommer Claudia

Titolo

Private equity investments : drivers and performance implications of investment cycles / / Claudia Sommer

Pubbl/distr/stampa

Wiesbaden, : Springer Gabler, 2013

ISBN

1-283-90952-9

3-658-00234-4

Edizione

[1st ed. 2013.]

Descrizione fisica

1 online resource (319 p.)

Collana

Gabler Edition Wissenschaft. Schriften zum europaischen Management

Disciplina

332.63240973

Soggetti

Private equity - Europe

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

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 conclusion.

Sommario/riassunto

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 implications.