There is a widespread belief among observers that a lower premium is paid when the target CEO is retained by the acquirer in a private equity deal because...
This article examines the post-financial crisis trends in the private equity industry. Although most research has followed the pre-crisis trends, we...
From 2010 to 2021, 639 US VC-funded firms achieved unicorn status. We investigate why there are so many unicorns and why controlling shareholders give...
This paper argues that the key mechanisms protecting portfolio investors in public corporate securities are indirect. They do not rely on actions by the...
We assemble cash flow data on all investments by Israeli pension providers in private equity and venture capital funds over nearly 20 years to evaluate...
We examine the role private equity (PE) firms play in the resolution of financial distress using a sample of 2,151 firms that borrow in the leveraged loan...
Since reaching a peak in 1997, the number of listed firms in the U.S. has fallen in every year but one. During this same period, public firms have been net...