کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5100630 1478915 2017 13 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
The importance of size in private equity: Evidence from a survey of limited partners
ترجمه فارسی عنوان
اهمیت اندازه در منافع خصوصی: شواهد از یک نظرسنجی از شرکای محدود
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری استراتژی و مدیریت استراتژیک
چکیده انگلیسی
Using a comprehensive survey, we show that investors with a larger capital allocation to private equity are more specialized − measured by the degree to which the investor focuses on private equity rather than other classes of investments − and have a wider scope of due diligence and investment activities. Other investor characteristics (experience, type, location, compensation structure, number of funds under management) play no role. In particular, endowments are not special according to the survey measures. These results are consistent with the changing LP-GP relationship in private equity as capital is increasingly concentrated in the hands of large investors.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Financial Intermediation - Volume 31, July 2017, Pages 64-76
نویسندگان
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