Show simple item record

dc.contributor.authorAin Tommar, Sara*
dc.date.accessioned2019-05-27T12:30:31Z
dc.date.available2019-05-27T12:30:31Z
dc.date.issued2018en_US
dc.identifier.doi10.2139/ssrn.2981021
dc.identifier.urihttp://hdl.handle.net/20.500.12127/6368
dc.description.abstractListed private equity (LPE) refers to publicly-traded investment companies whose activity is to invest in privately-held companies or in traditional private equity funds. The recent years have witnessed a slew of such listings and many investors were offered exposure to traditional private equity investments (TPE) through LPE. While listed private equity and traditional private equity have the same investment universe, we argue that the performance of the latter does not pertain to LPE. We build a representative dataset of the LPE universe and compare their performance to TPE. We examine whether belonging to indices and having minimum liquidity requirements is linked to performance. Our results suggest that listing significantly deteriorates absolute performance measures but is positively and significantly related to better investment multiples.en_US
dc.language.isoenen_US
dc.subjectPrivate Equityen_US
dc.subjectListed Private Equityen_US
dc.subjectPerformanceen_US
dc.subjectIPOen_US
dc.titleOn the performance of listed private equityen_US
dc.source.numberofpages41en_US
dc.contributor.departmentParis Dauphine Universityen_US
dc.contributor.departmentUniversité Paris Dauphine - DRM-CEREGen_US
vlerick.knowledgedomainAccounting & Financeen_US
vlerick.typecommWorking paperen_US
vlerick.vlerickdepartmentAFen_US
dc.identifier.vperid258797en_US


This item appears in the following Collection(s)

Show simple item record