| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14676 |
| DP14676 Value Creation in Private Equity | |
| Çağatay Bircan; Markus Biesinger; Alexander Ljungqvist | |
| 发表日期 | 2020-04-29 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We open up the black box of value creation in private equity with the help of confidential information on value creation plans and their execution. Plans are tailored to each portfolio company’s needs and circumstances, have become more hands-on, and vary with deal type, ownership, growth strategy, and geographic focus. Successful execution is subject to resource constraints, economies of specialization, and diminishing returns, and varies systematically across funds. Successful execution is a key driver of investor returns, especially in growth, buyout, and secondary deals. Company operations and profitability improve in ways consistent with successful execution, even beyond PE funds’ exit. |
| 主题 | Financial Economics |
| 关键词 | Private equity Venture capital Growth investing Secondaries Value creation Financial returns Machine learning |
| URL | https://cepr.org/publications/dp14676 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/543592 |
| 推荐引用方式 GB/T 7714 | Çağatay Bircan,Markus Biesinger,Alexander Ljungqvist. DP14676 Value Creation in Private Equity. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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