%0 Journal Article %A Josh Lerner %A Mark Baker %T An Empirical Analysis of Investment Return Dispersion in Emerging Market Private Equity %D 2017 %R 10.3905/jpe.2017.20.4.015 %J The Journal of Private Equity %P 15-24 %V 20 %N 4 %X The authors use transaction-level data to compare the dispersion of private equity (PE) returns in emerging markets (EMs) to the same in developed markets (DMs). They regress within-market absolute deviation from the mean on an EM indicator and controls. They find evidence suggesting that the distribution of transaction-level TVPI has lower variance within EMs than within DMs, although with some caveats. The results suggest opportunities for further research exploring the relative riskiness of EM PE.TOPICS: Private equity, emerging, performance measurement, statistical methods %U https://jpe.pm-research.com/content/iijpriveq/20/4/15.full.pdf