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Titel:

The Risk Appetite of Private Equity Sponsors

Dokumenttyp:
Zeitschriftenaufsatz
Autor(en):
Braun, R.; Engel, N.; Hieber, F.; Zagst, R.
Nicht-TUM Koautoren:
nein
Kooperation:
-
Abstract:
Using a unique proprietary data set of 460 realized buyouts completed between 1990 and 2005, we examine the risk appetite of private equity (PE) sponsors in different states of the PE market and analyze key determinants of deal-level equity risk. We develop a new approach to mathematically model PE investment equity risk based on the Black-Cox default model. We find higher equity volatilities during boom periods. Further, deals conducted by more reputed PE sponsors have lower equity volatilities...     »
Intellectual Contribution:
Discipline-based Research
Zeitschriftentitel:
Journal of Empirical Finance
Journal gelistet in FT50 Ranking:
nein
Jahr:
2011
Band / Volume:
18
Heft / Issue:
5
Seitenangaben Beitrag:
815 - 832
Urteilsbesprechung:
0
Key publication:
Nein
Peer reviewed:
Ja
International:
Ja
Book review:
Nein
commissioned:
not commissioned
Professional Journal:
Nein
Interdisziplinarität:
Nein
Leitbild:
;
Ethics und Sustainability:
Nein
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