Zobrazeno 1 - 10
of 39
pro vyhledávání: '"Berk A. Sensoy"'
Autor:
Nicolas P. B. Bollen, Berk A. Sensoy
Publikováno v:
Financial Management. 51:501-538
Limited partners (LPs) of private equity funds commit to invest with significant uncertainty regarding the timing of capital calls and payoffs and extreme restrictions on liquidity. Secondary markets have emerged which alleviate some of the associate
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::52af6c224cca1eb36d4d64bc058ae9d3
https://doi.org/10.1111/fima.12375
https://doi.org/10.1111/fima.12375
Publikováno v:
The Journal of Finance. 74:3089-3134
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. Bootstrap analyses show that the variance of actual perform
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::9dbce8f5ec8c3c31a7f00f4a256e1d6f
https://doi.org/10.1111/jofi.12783
https://doi.org/10.1111/jofi.12783
Publikováno v:
Journal of Financial Economics. 132:158-181
This paper uses proprietary data from a leading intermediary to explain the magnitude and determinants of transaction costs in the secondary market for private equity stakes. Most transactions occur at a discount to net asset value. Buyers average an
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::49869604dd86c2874f27917549722680
https://doi.org/10.1016/j.jfineco.2018.11.007
https://doi.org/10.1016/j.jfineco.2018.11.007
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::0565256d28daccb16df65008ce680135
https://doi.org/10.2139/ssrn.3991257
https://doi.org/10.2139/ssrn.3991257
Autor:
Berk A. Sensoy, Arthur G. Korteweg
Publikováno v:
SSRN Electronic Journal.
VC: An American History offers a compelling chronicle of the development of professional venture capital (VC) in the United States, from VC-like forebearers as diverse as 18th century cotton manufacturing and 19th century whaling up to the state of t
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::25ad4e5e7840cfc7ecee147334abb31e
https://doi.org/10.2139/ssrn.3858751
https://doi.org/10.2139/ssrn.3858751
Publikováno v:
SSRN Electronic Journal.
Most institutional investors in private equity (PE) invest in just one or two PE funds per year. For these investors, it is overly optimistic to judge the value of PE as an asset class by its average performance, as prior literature does, because it
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::c543a30768b702e1bf987002cc269248
https://doi.org/10.2139/ssrn.3535677
https://doi.org/10.2139/ssrn.3535677
Autor:
Berk A. Sensoy, David Robinson
Publikováno v:
Journal of Financial Economics. 122:521-543
We study the liquidity properties of private equity cash flows using data from 837 buyout and venture capital funds from 1984 to 2010. Most cash flow variation at a point in time is diversifiable — either idiosyncratic to a given fund or explained
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::4a952b89b94b7d835aa82f1d34ef80da
https://doi.org/10.1016/j.jfineco.2016.09.008
https://doi.org/10.1016/j.jfineco.2016.09.008
Publikováno v:
The Journal of Finance. 71:871-918
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::ae46c4e7ebcfa56ca16405860c63167e
https://doi.org/10.1111/jofi.12384
https://doi.org/10.1111/jofi.12384
Autor:
Steven N. Kaplan, Berk A. Sensoy
Publikováno v:
Annual Review of Financial Economics. 7:597-614
We survey the literature on private equity performance, focusing on venture capital and buyout funds rather than on portfolio companies. We describe recent findings on performance measures, average fund returns, risk adjustments, cyclicality and liqu
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::cb2fdea5fc8e20aec42aba427572e45b
https://doi.org/10.1146/annurev-financial-111914-041858
https://doi.org/10.1146/annurev-financial-111914-041858
Autor:
Ola Bengtsson, Berk A. Sensoy
Publikováno v:
Journal of Financial and Quantitative Analysis. 50:349-375
We study empirically how financial contracts evolve and are renegotiated as venture capital (VC)-backed companies secure new rounds of financing. Because VC contract designs vary considerably between companies according to their economic circumstance
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::936de7539c3bffc2c539736ba19c0a4d
https://doi.org/10.1017/s0022109015000137
https://doi.org/10.1017/s0022109015000137