Private Equity

Working Paper

Private Equity?s Unintended Dark Side: On the Economic Consequences of Excessive Delistings

Over the past two decades, private equity has contributed to a shrinking of the U.S. stock market. We develop a political economy model of private equity activity to study the wider economic consequences of this trend. We show that private and...Read more

Alexander Ljungqvist
01 January 2016

The Employment Consequences of Private Equity Acquisitions: The Case of Institutional Buy Outs

There is a growing controversy as to the impact of private equity acquisitions, especially in terms of their impact on employment and subsequent organizational performance. It has been suggested that closer owner supervision and the injection of...Read more

Marc Goergen
01 July 2014

There Is Something Special about Large Investors: Evidence from a Survey of Private Equity Limited Partners

We show that investors with more dollar amount allocated to private equity conduct more thorough due diligence and have different investment criteria. The fraction allocated to private equity, the organization?s total asset under management, and...Read more

Marco Da Rin
01 February 2014

Recasting Private Equity Funds after the Financial Crisis: The End of ?Two and Twenty? and the Emergence of Co-Investment and Separate Account Arrangements

This article examines the post-financial crisis trends in the private equity industry. Although most research has followed the pre-crisis trends, we show that investors are
demanding the inclusion of more investor-favorable compensation...Read more

Joseph McCahery
01 November 2013

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