The fields of venture capital and private equity are rooted in financing research on capital
budgeting and initial public offering (IPO). Both fields have grown considerably in recent …

This article reviews empirical methods to assess risk and return in private equity. I discuss
data and econometric issues for fund-level, deal-level, and publicly traded partnerships …

The last 20 years or so have seen a sharp decline in public equity. I present a framework
that explains the forces that cause the listing propensity of firms to change over time. This …

This paper studies the risk in fixed-income hedge fund styles. Principal component analysis
is applied to groups of fixed-income hedge funds to extract common sources of risk and …

The online payment for products or for the access to payment-based services can be made
by means of a range of (mobile) electronic payment systems-(M) EPS. Both the industrial …

The contributions of asset selection and incremental leverage to buyout investment
performance are more important than typically assumed or estimated to be. Buyout funds …

While the prevalence of equity crowdfunding has increased, investors have had very few
opportunities to exit such investments. Thus, several equity crowdfunding platforms have …

Measures of private equity (PE) performance based on cash flows do not account for a
discount‐rate risk premium that is a component of the capital asset pricing model (CAPM) …

In this article, the authors investigate the role of real estate in a mixed-asset portfolio for
various investment horizons and notably extend the literature by considering together direct …

Using a large sample of institutional investors' investments in private equity funds raised
between 1991 and 2011, we estimate the extent to which investors' skill affects their returns …