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Academy of Entrepreneurial Finance (AEF), Montrose, CA >
Journal of Entrepreneurial Finance >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/55976
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Dubil, Robert | | en_US |
| dc.date.accessioned | | 2012-03-15T14:09:39Z | | - |
| dc.date.available | | 2012-03-15T14:09:39Z | | - |
| dc.date.issued | | 2003 | | en_US |
| dc.identifier.citation | | Journal of Entrepreneurial Finance, JEF 1551-9570 8 2003 1 1-8 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/55976 | | - |
| dc.description.abstract | | The paper examines the liquidity risk of a private equity firm that decides to dispose of a large holding in its portfolio. As the sale takes time, it requires a careful balancing act of the exposure to the fluctuations in the market value of the investment against the large sale-induced price depression. A mean-standard deviation utility framework is an appealing decision tool for optimizing protracted asset dispositions. The firm maximizes the expected profit from the sale strategy net of the price concession minus a penalty function for exposure to the price risk, with the penalty weight related to a loss confidence interval. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Montrose, California Academy of Entrepreneurial Finance - AEF | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.title | | A simple utility approach to private equity sales | | en_US |
| dc.type | | Article | | en_US |
| dc.identifier.ppn | | 662476980 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | Journal of Entrepreneurial Finance
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