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We investigate the decisions of listed firms to go private once again. We start by revealing that while a significant number of firms which go public is VC-backed, an overproportional share of these VC-backed firms go private later on (they stay on the exchange for an average of 8.5 years). We...
Persistent link: https://www.econbiz.de/10010308550
We extend the research on private equity by studying the decision to go private in Europe. We consider a new dimension by using two main theories: corporate finance and cognitive biases. It is the first time that these two theories are used to explain Public to Private decisions. To conduct our...
Persistent link: https://www.econbiz.de/10010782090
We extend the research on private equity by studying the drivers of LBO operating performance in Asia. We consider a … study their effects on performance over the short- and long-term. Also, we contribute to the current literature by doing the … first investigation of the impact of macroeconomic factors on the performance of LBOs in Asia. We use a sample of 156 LBO …
Persistent link: https://www.econbiz.de/10010929405
We investigate the decisions of listed firms to go private once again. We start by revealing that while a significant number of firms which go public is VC-backed, an overproportional share of these VC-backed firms go private later on (they stay on the exchange for an average of 8.5 years). We...
Persistent link: https://www.econbiz.de/10013111333
We investigate the decisions of listed firms to go private once again. We start by revealing that while a significant number of firms which go public is VC-backed, an overproportional share of these VC-backed firms go private later on (they stay on the exchange for an average of 8.5 years). We...
Persistent link: https://www.econbiz.de/10009488848
Venture capital (VC) funds backed by large multi-fund families tend to perform substantially better due to cross-fund cash flows (CFCFs), a liquidity support mechanism provided by matching distributions and capital calls within a VC fund family. The dynamics of this mechanism coincide with the...
Persistent link: https://www.econbiz.de/10013557355
follow in order to liquidate the investment. Once the exit is over, the investor can measure the performance of the … investment in several ways. The article presents the entire exit process and performance measurement of the investment. …
Persistent link: https://www.econbiz.de/10010679631
Venture capital (VC) funds backed by large multi-fund families tend to perform substantially better due to cross-fund cash flows (CFCFs), a liquidity support mechanism provided by matching distributions and capital calls within a VC fund family. The dynamics of this mechanism coincide with the...
Persistent link: https://www.econbiz.de/10013555504
We assess whether a VC’s intrinsic commitment to a startup affects investment performance. We proxy for climate change … change in commitment by non-democrat investors. Following these disasters, the performance of non-democrats’ investments in …
Persistent link: https://www.econbiz.de/10014236837
Leadership transition in private equity firms is an understudied field, despite the important, albeit controversial, role such firms play in developed economies. We analyzed 260 firms in an empirical study, supplemented by qualitative interviews with a small sample of highly experienced LPs and...
Persistent link: https://www.econbiz.de/10013173353