Category: Corporate Governance
06/14/13
06:55:58 am, by editor of MarketObservation.com 
, 123 words 
Categories: Performance Measurement, Corporate Governance, Market Characteristics
Cornelli, Francesca and Karakas, Oguzhan, CEO Turnover in LBOs: The Role of Boards (May 23, 2013). Available at SSRN: http://ssrn.com/abstract=2269124 or http://dx.doi.org/10.2139/ssrn.2269124
Abstract:
"We examine the CEO turnover in LBOs b… more »
12/08/12
10:55:47 am, by editor of MarketObservation.com , 195 words
Categories: Deals, Valuation, Statistics, Performance Measurement, Corporate Governance, Market Characteristics
The answer seems to be clearly No, as a new study shows:Bargeron, Leonce, Schlingemann, Frederik P., Zutter, Chad J. and Stulz, Rene M., Does Target CEO Retention in Acquisitions Involving Private Equity Acquirers Harm Target Shareholders? (December… more »
11/18/12
08:27:08 am, by editor of MarketObservation.com , 163 words
Categories: Deals, Corporate Governance, Asia, Entrepreneurship/Leadership/Innovation, Market Characteristics, Market Structure, Regulation
Braegger, Stefan, Private Equity - Accessing China Through Private Markets (July 16, 2012). Available at SSRN: http://ssrn.com/abstract=2132623 or http://dx.doi.org/10.2139/ssrn.2132623Abstract: "The re-balancing of China's economy will offe… more »
11/09/12
07:40:34 am, by editor of MarketObservation.com , 236 words
Categories: Deals, Corporate Governance, Entrepreneurship/Leadership/Innovation
A 2009 survey (see below) showed that "building wealth" is an important objective for entrepreneurs. Private equity offers an excellent opportunity for entrepreneurial managers to achieve such goal. Wadhwa, Vivek, Holly, Krisztina, Aggarwal, Raj and… more »
05/20/12
07:47:37 am, by editor of MarketObservation.com , 238 words
Categories: Statistics, Corporate Governance, Entrepreneurship/Leadership/Innovation, Market Characteristics, Market Structure
"The standard venture-capital contract rewards entrepreneurs only for creating successful companies that go public or are acquired on favorable terms. As a result, entrepreneurs receive no help from venture capital in avoiding the huge idiosyncratic risk… more »
04/16/12
02:21:15 pm, by editor of MarketObservation.com , 246 words
Categories: Deals, Performance Measurement, Corporate Governance
Noe, Thomas H., Blood and Money: Kin Altruism and the Governance of the Family Firm (April 15, 2012). Available at SSRN: http://ssrn.com/abstract=2039870
Abstract:
"This paper develops a theory of family-firm governance based on inclusive fit… more »
04/09/12
09:04:36 am, by editor of MarketObservation.com , 97 words
Categories: Corporate Governance, Market Characteristics, Regulation
"The AIFM directive was adopted in response to the financial crisis based on the premise that the alternative investment fund industry contributed to it. However, it is now widely accepted that the industry neither caused nor contributed to the financial… more »
03/18/12
09:14:38 am, by editor of MarketObservation.com , 154 words
Categories: Performance Measurement, Corporate Governance, Market Characteristics
Dow, James, Board Incentives and CEO Turnover (March 16, 2012). Available at SSRN: http://ssrn.com/abstract=2024994
Abstract:
This paper shows that corporate boards will be reluctant to replace CEOs because firing sends a negative signal to the mar… more »
03/13/12
10:06:16 pm, by editor of MarketObservation.com , 141 words
Categories: Performance Measurement, Corporate Governance, Market Characteristics
Ai, Hengjie and Li, Rui, Moral Hazard, Investment, and Firm Dynamics (January 11, 2012). Available at SSRN: http://ssrn.com/abstract=2020089
Abstract:
"We present a dynamic general equilibrium model with heterogeneous firms. Owners of firms d… more »
02/07/12
08:57:49 am, by editor of MarketObservation.com , 17 words
Categories: Corporate Governance, Market Characteristics, Regulation
Apollo's Sam Oh on evolving GP-LP relationship from The Deal on Vimeo.
Keywords: Private Equity, GPs, LPs more »
01/22/12
09:24:04 am, by editor of MarketObservation.com , 42 words
Categories: Deals, Valuation, Investment Strategy, Corporate Governance, Market Characteristics
Aswath Damodaran: Private Equity: Hero or Villain? Jan. 14, 2012Aswath Damodaran looks at 4 elements when assessing the impact of active investors:1) Asset deployment and aperating performance2) Capital Structure3) Dividend Policy4… more »
10/12/11
09:30:55 am, by editor of MarketObservation.com, 152 words
Categories: Valuation, Investment Strategy, Corporate Governance, Entrepreneurship/Leadership/Innovation
In contrary to wide-spread believes we support the thesis that successful entrepreneurs work extremely diligently and try to reduce risks. They are well aware that an enterprise has various stakeholders whose interests have to be respected. Murmann,… more »
09/02/11
08:16:32 pm, by editor of MarketObservation.com , 517 words
Categories: Corporate Governance, Entrepreneurship/Leadership/Innovation
James Kwak has a great article in "The Atlantic" about why often founders make the best leaders:The Atlantic: Steve Jobs's Law: Why Founders Make the Best Leaders, by James Kwak, Sep. 1, 2011"This year, dozens of startup company founders will be… more »
07/22/11
08:36:58 am, by editor of MarketObservation.com , 190 words
Categories: Statistics, Performance Measurement, Corporate Governance
Robinson, David T. and Sensoy, Berk A., Do Private Equity Fund Managers Earn Their Fees? Compensation, Ownership, and Cash Flow Performance (July 20, 2011). Charles A. Dice Center Working Paper No. 2011-14; Fisher College of Business Working Paper No. 20… more »
07/19/11
07:51:45 am, by editor of MarketObservation.com , 267 words
Categories: Corporate Governance, Market Characteristics, Regulation
Payne, Jennifer, Private Equity and its Regulation in Europe (July 1, 2011). Oxford Legal Studies Research Paper No. 40/2011. Available at SSRN: http://ssrn.com/abstract=1886186Abstract:"In the fifteen year period to 2008 the private equity indus… more »
07/13/11
06:29:16 am, by editor of MarketObservation.com , 269 words
Categories: Statistics, Performance Measurement, Corporate Governance, Market Characteristics
New paper on characteristics of European LBO's during the past years:
Harbula, Péter, Operating Performance, Valuation, Leverage, and Corporate Governance of Leveraged Buy-Out Transactions: A Continental European Perspective (July 1, 2011). Available… more »
05/27/11
Gong, James Jianxin and Wu, Steve Yuching, CEO Turnover in Private Equity Sponsored Leveraged Buyouts (October 27, 2010). Corporate Governance: An International Review, Vol. 19, No. 3, pp. 195-209, 2011. Available at SSRN: http://ssrn.com/abstract=185160… more »
05/14/11
09:27:10 am, by editor of MarketObservation.com , 112 words
Categories: Statistics, Performance Measurement, Corporate Governance, Market Characteristics, Market Structure
Wiley Online Library: CEO Turnover in Private Equity Sponsored Leveraged Buyouts, in Corporate Governance: An International Review
Volume 19, Issue 3, pages 195–209, May 2011
Wiley Online Library: Private Equity Takeovers and Employment in the UK: So… more »
03/22/11
06:36:45 am, by editor of MarketObservation.com , 172 words
Categories: Deals, Performance Measurement, Corporate Governance, Market Characteristics
Strömberg, Per Johan, Hotchkiss, Edith S. and Smith, David C., Private Equity and the Resolution of Financial Distress (March 15, 2011). Available at SSRN: http://ssrn.com/abstract=1787446
Abstract:
"In order to understand the role of private… more »
03/16/11
06:06:21 am, by editor of MarketObservation.com , 230 words
Categories: Performance Measurement, Corporate Governance
This is an interesting new paper by researchers from Swiss Federal Institute of Technology and Claremont McKenna College about CEO compensation in private equity backed companies versus compensation in public companies:
Cronqvist, Henrik and Fahlenbra… more »
XML Feeds
_________________________________________________________________________________
PRIVATE EQUITY NEWS:
ENTREPRENEUR'S BLOGS:
- Marc Andreessen's Blog (Founder Netscape Communications)
- Richard Branson's Blog
- The Enterprise Network (a Network of Silicon Valley Entrepreneurs)
- Feld Thoughts (from Brad Feld, Founder of Feld Technologies)
- Jonathan's Blog (Jonathan Schwartz, Sun Microsystems)
- Seth Goding (Author and Entrepreneur)
- Lee Hower (Part of the founding Team of LinkedIn
- Ryan McIntyre (Co-Founder Excite)
- Peter Rip (General Partner Crosslink Ventures)
- Peter Schüpbach NewBorn Blog
_________________________________________________________________________________FOUNDER HIGHLIGHTS AND FOUNDER FRUSTRA- TIONS:
VARIOUS LINKS:
- Altassets
- Angel's Corner
- Blogging Buy outs (AOL Money)
- China Venture News
- CMBOR Nottingham Univ.
- Fractals of Change
- From Wall Street to Main Street (Private Equity Blog of Congressman Tom Reynolds
- Innovations-Report
- PrivateEquityBlogger.com
- PrivateEquityFirms.com
- LPX-Private Equity Research
- Private Equity Intelligence
- Private Equity Week
- PWC Money Tree
- Silicon Valley News
- Silicon Valley Watcher
- Standard&Poors (LBO Debt)
- TechConfidential
- TechCrunch
- The Funded (Experiences with VC's)
- Think Equity Blog (Silicon Valley)
- Valleywag (Tech Gossip)
- VCCircle (India)
- Venture Capital Magazin (Germany)
- Venture Economics
_______________________________________________________________________________DEAL RUMORS/DEALS:
ASSOC./INSTITUTES:
- Asian VC Journal
- BVCA (UK)
- Private Equity Guide (Emory Univ.)
- European Corp. Gov. Institute
- EVCA (Europe)
- IVA (Israel)
- NVCA(USA)
- NVCA(India)
- Private Equity Valuation
- Private Equity Council (Washington DC)
- SECA (Switzerland)
- Yale Entrepreneurial Society
PRIVATE EQUITY STATISTICS:
- Dow Jones: Venture Capital Statistics
- Emory Univ: Private Equity Institute (incl. comprehensive Statistics Links)
- Venture Capital and Private Equity Industry (Baker Library Harvard)
_________________________________________________________________________________INTEREST RATES:
_________________________________________________________________________________WORKING PAPERS PRIVATE EQUITY AND VENTURE CAPITAL:
_________________________________________________________________________________DIRECTORIES:
