Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/29639 
Kompletter Metadatensatz
DublinCore-FeldWertSprache
dc.contributor.authorMüller, Elisabethen
dc.date.accessioned2010-01-25-
dc.date.accessioned2010-01-26T15:46:40Z-
dc.date.available2010-01-26T15:46:40Z-
dc.date.issued2009-
dc.identifier.urihttp://hdl.handle.net/10419/29639-
dc.description.abstractOwners of private companies often invest a substantial share of their net worth in one company, which exposes them to idiosyncratic risk. For US companies we investigate whether owners require compensation for lack of diversification in the form of higher returns to equity. Exposure to idiosyncratic risk is measured as the share of the owner’s net worth invested in the company. Equity returns are measured as the earnings rate and as capital gains. For both returns measures we find a positive and significant influence of exposure to idiosyncratic risk. This paper improves our understanding of returns to private equity.en
dc.language.isoengen
dc.publisher|aZentrum für Europäische Wirtschaftsforschung (ZEW) |cMannheimen
dc.relation.ispartofseries|aZEW Discussion Papers |x04-29 [rev.3]en
dc.relation.isversionofhttp://hdl.handle.net/10419/24054en
dc.subject.jelG32en
dc.subject.jelG11en
dc.subject.jelL26en
dc.subject.ddc330en
dc.subject.keywordreturns to private equityen
dc.subject.keywordexposure to idiosyncratic risken
dc.subject.keywordprivate companiesen
dc.subject.stwKlein- und Mittelunternehmenen
dc.subject.stwUnternehmeren
dc.subject.stwInvestitionen
dc.subject.stwPortfolio-Managementen
dc.subject.stwRentabilitäten
dc.subject.stwÖkonomischer Anreizen
dc.subject.stwSchätzungen
dc.subject.stwUSAen
dc.titleReturns to private equity: idiosyncratic risk does matter!-
dc.type|aWorking Paperen
dc.identifier.ppn617048118en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:zewdip:0429r3en

Datei(en):
Datei
Größe
255.6 kB





Publikationen in EconStor sind urheberrechtlich geschützt.