RT Journal Article
SR Electronic
T1 Factors Driving Abnormal Returns in Private Equity Industry: <em>A New Perspective</em>
JF The Journal of Private Equity
FD Institutional Investor Journals
SP 30
OP 36
DO 10.3905/jpe.2016.19.3.030
VO 19
IS 3
A1 Raviraj Karmvir Gohil
A1 Vijay Vyas
YR 2016
UL https://pm-research.com/content/19/3/30.abstract
AB This article investigates factors driving abnormal returns in private equity funds in India from 2007 to 2012. We find that skill factors such as type of exit route, holding period, size of investment, stage of investment, and type of industry significantly affect abnormal returns of private equity funds. In addition, market factors such as investment year, entry and exit value of S&amp;P CNX Nifty, and market return during the period of the deal as well as a fund’s structure also drive abnormal returns in private equity funds. Finally, stage of investment and the types of industry, sponsor, and exit style, as well as holding period and type of exit route jointly influence abnormal returns in private equity funds.TOPICS: Private equity, emerging, performance measurement, statistical methods