Private equity lemons? Evidence on value creation in secondary buyouts

AK Achleitner, C Figge - European Financial Management, 2014 - Wiley Online Library
This paper analyses whether secondary buyouts have a value creation profile and offer
equity returns different from those of primary buyouts. Using a sample of 2,456 buyout …

Value creation and pricing in buyouts: Empirical evidence from Europe and North America

AK Achleitner, R Braun, N Engel - Review of Financial Economics, 2011 - Elsevier
Using a unique proprietary data set of 1980 realized and unrealized buyouts completed
between 1986 and 2010, we examine entry and exit pricing in buyouts and its influence on …

Private equity and healthcare firm behavior: evidence from ambulatory surgery centers

H Lin, EL Munnich, MR Richards, CM Whaley… - Journal of Health …, 2023 - Elsevier
Healthcare firms regularly seek outside capital; yet, we have an incomplete understanding of
external investor influence on provider behavior. We investigate the effects of private equity …

Capital structure of single family office-owned firms

J Block, R Fathollahi, O Eroglu - Journal of Family Business Strategy, 2023 - Elsevier
Single family offices (SFOs) manage trillions of dollars worldwide. The enormous value of
assets under management highlights their key role as a cohesive wealth management tool …

Mapping research in the field of private equity: a bibliometric analysis

S Sharma, K Malik, M Kaur, N Saini - Management Review Quarterly, 2023 - Springer
Owing to the sheer volume of research that has been done in the field of private equity (PE)
in the last decade it may be pertinent to mention that PE studies became the focal point of …

How does acquisition experience create value? Evidence from a regulatory change affecting the information environment

F Castellaneta, R Conti - European Management Journal, 2017 - Elsevier
We argue that acquisition experience translates more readily into learning to select than into
learning to restructure. The acquisition selection stage is less causally ambiguous than the …

Winning a deal in private equity: Do educational ties matter?

F Fuchs, R Füss, T Jenkinson, S Morkoetter - Journal of Corporate Finance, 2021 - Elsevier
In this paper, we investigate the role of educational ties in private equity. Although we cannot
observe all the funds that bid for a target company, we construct the set of potential bidders …

[HTML][HTML] How do impact investors leverage non-financial strategies to create value? An impact-oriented value framework

P Nachyła, R Justo - Journal of Business Venturing Insights, 2024 - Elsevier
One of the ways to understand the success of impact investing firms is to examine how they
add value to the social enterprises they invest. Did their investment boost social and/or …

Entrepreneurial Finance: Ein Überblick

AK Achleitner, R Braun - Handbuch Entrepreneurship, 2018 - Springer
Der vorliegende Beitrag stellt eine heute gängige Definition der Entrepreneurial Finance vor
und geht auf die wesentlichen Inhalte und Phänomene ein. Der angeführte allgemeine …

[HTML][HTML] Stakeholder relations as an asset in family firms–Performance effects of changes after PE investment

JA Pöll, A Bertschi-Michel, A Hack, O Ahlers… - Scandinavian Journal of …, 2024 - Elsevier
By building upon instrumental stakeholder theory, we aim to increase academic
understanding of how changes in stakeholder relations affect acquisition performance …