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Private Equity Investments

Drivers and Performance Implications of Investment Cycles

  • Book
  • © 2013

Overview

Authors:
  1. Claudia Sommer

    1. Hamburg, Germany

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  • Publication in the filed of economics sciences?
  • Includes supplementary material: sn.pub/extras

Part of the book series: Schriften zum europäischen Management (SEM)

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Table of contents (9 chapters)

  1. Front Matter

    Pages 1-1
    Download chapter PDF

  2. Introduction

    • Claudia Sommer
    Pages 1-11

  3. Background

    • Claudia Sommer
    Pages 13-26

  4. Theoretical Framework

    • Claudia Sommer
    Pages 27-63

  5. Data and Methodology

    • Claudia Sommer
    Pages 65-93

  6. Empirical Part I: Drivers at Aggregate Level

    • Claudia Sommer
    Pages 95-167

  7. Empirical Part II: Drivers at Industry Level

    • Claudia Sommer
    Pages 169-208

  8. Empirical Part III: Performance Implications

    • Claudia Sommer
    Pages 209-239

  9. Practical Implications

    • Claudia Sommer
    Pages 241-252

  10. Summary and Conclusion

    • Claudia Sommer
    Pages 253-258

  11. Back Matter

    Pages 11-11
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About this book

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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