Mark Broere's Decision-Making in Private Equity Firms: An Empirical Study PDF

By Mark Broere

ISBN-10: 3658037792

ISBN-13: 9783658037796

ISBN-10: 3658037806

ISBN-13: 9783658037802

The judgements of personal fairness companies have an effect on the advance of industries and nationwide economies, but little is understood approximately how those judgements are made. Mark Broere makes use of proprietary survey information from 136 deepest fairness organizations (venture capital and buyout) positioned within the US, Canada, and Europe to discover determinants and principles in their decision-making. the consequences convey new proof approximately their targets, luck measures, selection standards, go out choice energy and principles. A dialogue in mild of current monetary conception highlights, e.g. the function of attractiveness, and capability pitfalls within the decision-making of practitioners. the writer means that inner most fairness businesses may possibly enhance their functionality by way of a extra cautious selection of determination principles and standards and by means of a extra constant software of those throughout various determination types.

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Extra resources for Decision-Making in Private Equity Firms: An Empirical Study of Determinants and Rules

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2004). Exitmanagement: Desinvestitionen von Beteiligungsgesellschaften (Doctoral dissertation, University of Cologne, Germany, 2004). Lohmar, Germany: Eul; Povaly, S. (2007). Private equity exits: Divestment process management for leveraged buyouts. Berlin, Germany: Springer; Schwienbacher, A. (2005). An empirical analysis of venture capital exits in Europe and in the United States. EFA 2002 Berlin Meetings Discussion Paper. com/abstract=302001. Although the large sample frame size goes a long way towards explaining the lower response rate of the survey in this thesis, a number of other factors may also have played a role.

This suggests that the sample frame size is a less reliable predictor of response rates in small-scale surveys A regression of the data excluding the present survey led to results of similar strength; the response rate of the present survey lies within the 95% confidence band of such a model Data Quality 19 Figure 3. Scatter plot of response rates and sample frame sizes (No. of Units Addressed) for private equity mail surveys. All figures are reported values, except the response rate for Matz, which is derived from other figures reported in the study.

Dixon (1991) conducted a survey of 30 UK venture capital firms about factors that determine the risk premia of required rates of return. S. institutional investor by Ljungqvist (2003a). In a cross-sectional regression analysis of excess fund IRRs, Ljungqvist does not find evidence that either idiosyncratic risk (proxied by various measures of concentration) or market risk (proxied by aggregated portfolio betas) have a statistically significant impact on excess fund IRR Ruhnka and Young (1991) contrast the internal risks with “external or market-determined risks such as the emergence of competitors, technological shifts, or economic downturns that slow market growth or prevent initial public offerings” (p.

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Decision-Making in Private Equity Firms: An Empirical Study of Determinants and Rules by Mark Broere


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