全球智库信息集成服务系统(G2TT): Venture Capital and Other Private Equity: A Survey

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w16652
来源ID	Working Paper 16652
	Venture Capital and Other Private Equity: A Survey
	Andrew Metrick; Ayako Yasuda
发表日期	2010-12-31
出版年	2010
语种	英语
摘要	We review the theory and evidence on venture capital (VC) and other private equity: why professional private equity exists, what private equity managers do with their portfolio companies, what returns they earn, who earns more and why, what determines the design of contracts signed between (i) private equity managers and their portfolio companies and (ii) private equity managers and their investors (limited partners), and how/whether these contractual designs affect outcomes. Findings highlight the importance of private ownership, and information asymmetry and illiquidity associated with it, as a key explanatory factor of what makes private equity different from other asset classes.
主题	Financial Economics ; Financial Institutions
URL	https://www.nber.org/papers/w16652
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/574328
推荐引用方式 GB/T 7714	Andrew Metrick,Ayako Yasuda. Venture Capital and Other Private Equity: A Survey. 2010.