Understanding value creation at the transaction level is at the heart of explaining private
equity (PE) returns. Taking advantage of a proprietary sample of 2,029 international buyout …

EV/EBITDA multiple expansion in Private Equity (PE) transactions strongly influences deal
returns. As multiple expansion is the result of deal pricing differences between entry and exit, …

The paper analyzes the value creation drivers and operational alpha in private equity based
on the proprietary data. The paper provides empirical evidence that operational …

In the maturing private equity industry, investments where the private equity fund owns a
minority of the equity are gaining influence. They use different instruments for value creation …

This dissertation analyzes value creation and its determinants in private equity. The key
findings are: Overall value creation in leveraged buyouts has drastically declined over the last …

Aquí se hace una expedición antropológica, estética, histórica, técnica y matemática al
sombrero vueltiao zenú, una artesanía ancestral de amplio reconocimiento en el país y en el …

Although the primary cause of the emissions scandal at Volkswagen appears to have been
misfeasance and malfeasance on a corporate-wide scale, we argue that such a problematic …

3. This has been noted by Amihud (2002) and by Ang et al.(2006). 4. This commonality in
illiquidity return premium is different from the commonality in illiquidity level that has been …

From a governance perspective, banks have traditionally played (at least) a dual role in
Germany. 1 As providers of bank loans they were the most important source of external financing…

The article offers information on the corporate governance of Germany. Topics discusses
include a reduction in corporate ownership due to issues concerning with the banking industry, …