| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w19300 |
| 来源ID | Working Paper 19300 |
| Combining Banking with Private Equity Investing | |
| Lily Fang; Victoria Ivashina; Josh Lerner | |
| 发表日期 | 2013-08-09 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | Bank-affiliated private equity groups account for 30% of all private equity investments. Their market share is highest during peaks of the private equity market, when the parent banks arrange more debt financing for in-house transactions yet have the lowest exposure to debt. Using financing terms and ex-post performance, we show that overall banks do not make superior equity investments to those of standalone private equity groups. Instead, they appear to expand their private equity engagement to take advantage of the credit market booms while capturing private benefits from cross-selling of other banking services. |
| 主题 | Financial Economics ; Financial Institutions |
| URL | https://www.nber.org/papers/w19300 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/576975 |
| 推荐引用方式 GB/T 7714 | Lily Fang,Victoria Ivashina,Josh Lerner. Combining Banking with Private Equity Investing. 2013. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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