TY  - BOOK
AU  - Sommer,Claudia
ED  - SpringerLink (Online service)
TI  - Private Equity Investments: Drivers and Performance Implications of Investment Cycles 
T2  - Schriften zum europäischen Management
SN  - 9783658002343
AV  - HG1-HG9999 
U1  - 332 23
PY  - 2013///
CY  - Wiesbaden
PB  - Springer Fachmedien Wiesbaden, Imprint: Springer Gabler
KW  - Finance
KW  - Finance, general
N1  - 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
N2  - 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
UR  - http://dx.doi.org/10.1007/978-3-658-00234-3
ER  -