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Table of contents (7 chapters)
Keywords
About this book
The decisions of private equity firms affect the development of industries and national economies, yet little is known about how these decisions are made. Mark Broere uses proprietary survey data from 136 private equity firms (venture capital and buyout) located in the US, Canada, and Europe to explore determinants and rules of their decision-making. The results exhibit new facts about their objectives, success measures, decision criteria, exit decision power and rules. A discussion in light of existing financial theory highlights, e.g. the role of reputation, and potential pitfalls in the decision-making of practitioners. The author suggests that private equity firms might improve their performance by a more careful choice of decision rules and criteria and by a more consistent application of these across varying decision types.
Authors and Affiliations
About the author
Mark Broere has worked for many years in mergers and acquisitions, advising private equity firms and corporate clients on takeovers and exits; he completed his doctoral dissertation under the supervision of Prof. Dr. Klaus Serfling at the Brandenburgische Technische Universität Cottbus-Senftenberg.
Bibliographic Information
Book Title: Decision-Making in Private Equity Firms
Book Subtitle: An Empirical Study of Determinants and Rules
Authors: Mark Broere
DOI: https://doi.org/10.1007/978-3-658-03780-2
Publisher: Springer Gabler Wiesbaden
eBook Packages: Business and Economics, Economics and Finance (R0)
Copyright Information: Springer Fachmedien Wiesbaden 2014
Softcover ISBN: 978-3-658-03779-6Published: 18 October 2013
eBook ISBN: 978-3-658-03780-2Published: 04 October 2013
Edition Number: 1
Number of Pages: XXII, 212
Number of Illustrations: 14 b/w illustrations