Financial crisis and private equity performance in France

Autor: Sahli, Amel, Khemiri, Sabrina
Zdroj: International Journal of Entrepreneurship and Small Business; 2020, Vol. 39 Issue: 1-2 p279-294, 16p
Abstrakt: This study aims at analysing the performance of the private equity industry in France taking into account the financial subprime crisis. Based on a sample of 339 private equity funds, the results show that the financial crisis negatively and significantly impacted the performance of private equity funds. Development capital funds and buy-out funds experienced a significant decline in their performance after the crisis. Results show a better resilience of small funds in comparison to larger ones. The bigger funds suffered from a severe drop in their performance after the beginning of the financial crisis.
Databáze: Supplemental Index