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dc.contributor.authorDarolles, Serge*
dc.contributor.authorAin Tommar, Sara*
dc.contributor.authorJurczenko, Emmanuel*
dc.date.accessioned2019-05-27T12:40:37Z
dc.date.available2019-05-27T12:40:37Z
dc.date.issued2018en_US
dc.identifier.doi10.2139/ssrn.3190239
dc.identifier.urihttp://hdl.handle.net/20.500.12127/6369
dc.description.abstractWe study the performance determinants of private equity investing in emerging markets (EM) compared to developed markets (DM) using a novel dataset. Using a multilevel linear model specification, our results suggest that performance in emerging markets in highly dependent on geographical and cultural proximity. The effect is significantly higher for GPs investing in both markets compared to pure DM- and EM-players respectively. Cross-cultural and geographical effects are enhanced when the GP investment teams are also culturally close using different measures. Our results also show that the realized returns are highly dependent on the investment period, the investment style and the GP’s experience on each market.en_US
dc.language.isoenen_US
dc.subjectPrivate Equity Investingen_US
dc.subjectPrivate Equity Performanceen_US
dc.subjectEmerging Marketsen_US
dc.titleIs destiny worth the distance? On private equity in emerging marketsen_US
dc.source.numberofpages52en_US
dc.contributor.departmentUniversité Paris Dauphine - Department of Financeen_US
dc.contributor.departmentParis Dauphine Universityen_US
dc.contributor.departmentGlion Institute of Higher Educationen_US
vlerick.knowledgedomainAccounting & Financeen_US
vlerick.typecommWorking paperen_US
vlerick.vlerickdepartmentAFen_US
dc.identifier.vperid258797en_US


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