Scholarly Works - Scholarly editions
Scholarly edition
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June 1, 2017
New firms are an important source of job creation, but the underlying economic mechanisms for why this is so are not well understood. Using an identification strategy that links shocks to local income to job creation in the nontradable sector, we ask wheth ...
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Scholarly edition
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December 1, 2016
We study the liquidity properties of private equity cash flows using data from 837 buyout and venture capital funds from 1984 to 2010. Most cash flow variation at a point in time is diversifiable — either idiosyncratic to a given fund or explained by the f ...
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Scholarly edition
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November 1, 2013
We study the relations between management contract terms and performance in private equity using new data for 837 funds from 1984-2010. We find no evidence that higher fees or lower managerial ownership are associated with lower net-of-fee performance. Nev ...
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Scholarly edition
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July 18, 2013
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Scholarly edition
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September 2010
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Scholarly edition
Using detailed quarterly cash flow data for a large sample of private equity funds from 1984-2010, we examine cross-sectional and time-series cash flow performance of private equity funds across a range of asset classes, including venture capital, buyout, ...
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https://orcid.org/0000-0003-3687-5186