Private Equity experienced dramatic flutuations in investment activity in line with the turbulences of financial markets in recent years. Claudia Sommer develops a theoretical framework of factors driving private equity investment activity and the resulting performance implications. Using a data set of more than 40,000 European transations between 1990 and 2009 she applies a variety of econometrial approaches and shows how neoclassical aspects, information asymmetries, agency conflicts, and market timing contribute to the dynamics in the private equity market. In a performance analysis of more than 1,300 European private equity funds, she reveals how fund performance is linked to investment activity.

Authors and Affiliations

Hamburg, Germany

Claudia Sommer

About the author

Dr. Claudia Sommer completed her doctoral thesis under the supervision of Prof. Andreas Grüner and Prof. Klaus Spremann at the University of St. Gallen. She is Head of Corporate Development of a leading German retail and E-commerce company and has a track record in top management consulting.

Bibliographic Information

Book Title: Private Equity Investments
Book Subtitle: Drivers and Performance Implications of Investment Cycles
Authors: Claudia Sommer
Series Title: Schriften zum europäischen Management
DOI: https://doi.org/10.1007/978-3-658-00234-3
Publisher: Springer Gabler Wiesbaden
eBook Packages: Business and Economics, Economics and Finance (R0)
Copyright Information: Springer Fachmedien Wiesbaden 2013
Softcover ISBN: 978-3-658-00233-6Published: 08 October 2012
eBook ISBN: 978-3-658-00234-3Published: 08 October 2012
Series ISSN: 2627-6364
Series E-ISSN: 2627-6372
Edition Number: 1
Number of Pages: XXVIII, 301
Number of Illustrations: 25 b/w illustrations
Topics: Finance, general

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Table of contents (9 chapters)

Front Matter

Back Matter

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