Venture capital and other private equity
Subtitle: a survey
By: Andrew Metrick, Ayako Yasuda
Contributors: Yasuda, Ayako; National Bureau of Economic Research
Series: NBER working paper series -- working paper 16652; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 16652.
Publisher: National Bureau of Economic Research
Published: 2010
Place of publication: Cambridge, MA
Language: eng
Format: [electronic resource] :
Description: "We review the theory and evidence on venture capital (VC) and other private equity: why professional private equity exists, what private equity managers do with their portfolio companies, what returns they earn, who earns more and why, what determines the design of contracts signed between (i) private equity managers and their portfolio companies and (ii) private equity managers and their investors (limited partners), and how/whether these contractual designs affect outcomes.  Findings highlight the importance of private ownership, and information asymmetry and illiquidity associated with it, as a key explanatory factor of what makes private equity different from other asset classes"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 4/12/2011.

Includes bibliographical references.

Also available in print.

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Mode of access: World Wide Web.