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dc.contributor.authorBadunenko, Olegen_US
dc.contributor.authorBaum, Christopher F.en_US
dc.contributor.authorSchäfer, Dorotheaen_US
dc.date.accessioned2010-04-06en_US
dc.date.accessioned2010-07-22T09:28:37Z-
dc.date.available2010-07-22T09:28:37Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/36713-
dc.description.abstractThe paper investigates whether the presence and tenure of Private Equity (PE) investment in European companies improves their performance. Previous studies documented the unambiguous merit of a buyout during the 1980s and 1990s for listed firms in the US and UK markets. This study analyzes such influences in both listed and unlisted European firms during 2002-2007. Our analysis suggests that shortterm PE investments have, on average, a detrimental effect on firm performance. The performance of a firm that has PE backing is lower than that of a firm without PE backing in the first year of PE investment. Such an effect disappears if PE investments remain in the firm for an uninterrupted six-year term.en_US
dc.language.isoengen_US
dc.publisherDeutsches Institut für Wirtschaftsforschung (DIW) Berlinen_US
dc.relation.ispartofseriesDiscussion papers // German Institute for Economic Research 990en_US
dc.rights.accessrightsinfo:eu-repo/semantics/openAccess-
dc.subject.jelM14en_US
dc.subject.jelG24en_US
dc.subject.jelG34en_US
dc.subject.ddc330en_US
dc.subject.keywordPrivate equity financingen_US
dc.subject.keywordcorporate financeen_US
dc.subject.stwPrivate Equityen_US
dc.subject.stwUnternehmensfinanzierungen_US
dc.subject.stwDaueren_US
dc.subject.stwUnternehmensentwicklungen_US
dc.subject.stwEuropaen_US
dc.titleDoes the tenure of private equity investment improve the performance of European firms?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn623004666en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.relation.projectidinfo:eu-repo/grantAgreement/EC/FP7/217266-
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DIW-Diskussionspapiere

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