Winning a deal in private equity: Do educational ties matter?
نویسندگان
چکیده
In this paper, we investigate the role of educational ties in private equity. Although cannot observe all funds that bid for a target company, construct set potential bidders based upon their size and investment cycle, as well location sector companies. By gathering detailed histories fund partners CEOs firms, find significantly higher incidence completed deals than exists among bidders. We argue between managers companies play (positive) sourcing winning competitive transactions. The alma maters equity are notably concentrated top universities, exclusivity is important. However, no evidence such produce returns investors.
منابع مشابه
Do Private Equity Owned Firms Have Better Management Practices?
We use an innovative survey tool to collect management practice data from over 4,000 medium sized manufacturing firms across Asia, Europe and the US. These measures of managerial practice are strongly associated with firm-level performance (e.g. productivity, profitability and stock market value). Private equity firms are significantly better managed than government, family and privately owned ...
متن کاملCopeland voting: ties matter
We study the complexity of manipulation for a family of election systems derived from Copeland voting via introducing a parameter α that describes how ties in head-to-head contests are valued. We show that the thus obtained problem of manipulation for unweighted Copeland elections is NP-complete even if the size of the manipulating coalition is limited to two. Our result holds for all rational ...
متن کاملCan private equity deliver on equity?
a Save the Children UK, 1 St John’s Lane, London, EC1M 4AR, England. Correspondence to Giorgio Cometto (e-mail: [email protected]). In June 2009, a new Health in Africa Fund was launched by the International Finance Corporation (IFC), the branch of The World Bank group mandated with supporting and expanding the private for-profit sector. This Fund will be managed by Aureos Capital, a p...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of Corporate Finance
سال: 2021
ISSN: ['0929-1199', '1872-6313']
DOI: https://doi.org/10.1016/j.jcorpfin.2020.101740