| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w23626 |
| 来源ID | Working Paper 23626 |
| Private Equity and Financial Fragility during the Crisis | |
| Shai Bernstein; Josh Lerner; Filippo Mezzanotti | |
| 发表日期 | 2017-07-31 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | Do private equity firms contribute to financial fragility during economic crises? We find that during the 2008 financial crisis, PE-backed companies increased investments relative to their peers, while also experiencing greater equity and debt inflows. The effects are stronger among financially constrained companies and those whose private equity investors had more resources at the onset of the crisis. PE-backed companies consequentially experienced higher asset growth and increased market share during the crisis. |
| 主题 | Macroeconomics ; Business Cycles ; Financial Economics ; Financial Institutions |
| URL | https://www.nber.org/papers/w23626 |
| 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/581300 |
| 推荐引用方式 GB/T 7714 | Shai Bernstein,Josh Lerner,Filippo Mezzanotti. Private Equity and Financial Fragility during the Crisis. 2017. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w23626.pdf（990KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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