Private Equity Investments Drivers And Performance Implications Of Investment Cycles 1st Edition Claudia Sommer Auth by Claudia Sommer (auth.) 9783658002336, 9783658002343, 3658002336, 3658002344 instant download after payment.

Private Equity experienced dramatic flutuations 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 transations between 1990 and 2009 she applies a variety of econometrial 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 private equity funds, she reveals how fund performance is linked to investment activity. ​