The Investment Behavior of Private Equity Fund Managers

By Alexander P. Ljungqvist, Matthew Richardson. 2003

173 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/5e3f4271247fd06f6d301be53494fbc40e41e330

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Steven N. Kaplan
2. Per Strömberg
3. Armin Schwienbacher
4. Douglas J. Cumming
5. David H. Hsu
6. Holger M. Müller
7. Roman Inderst
8. Junfu Zhang

In Strategy and Management

1. Steven N. Kaplan
2. Per Strömberg
3. Cláudia Custódio
4. Daniel J. Metzger
5. Ludovic Phalippou

Citations in the corpus

• Cyclicality, performance measurement, and cash flow liquidity in private equity (2016, unknown): “The procyclicality of capital calls that we find is consistent with Ljungqvist et al. (2007), who find that buyout funds that experience low yield spreads in their early years are quicker to reach thresholds of capital invested (e.g., quicker to become 70% invested).”
• Agency, Strategic Entrepreneurship, and the Performance of Private Equity–Backed Buyouts (2009, unknown): “Further, Ljungqvist and Richardson (2003) show that reputable buyout investors are especially good at timing their investments.”
• Competition and Strategic Information Acquisition in Credit Markets (2006, unknown): “Indeed, Ljungqvist and Richardson (2003) present empirical evidence that is consistent with a model of imperfect competition among private-equity firms based on unique skills of their general partners in screening and monitoring investments.”
• Private equity returns and disclosure around the world (2010, unknown): “Schoar, 2003, Ljungqvist and Richardson, 2003a, b, and Cumming et al., 2004) in future work.”
• Estimating Private Equity Returns from Limited Partner Cash Flows (2014, unknown): “An exception is the dataset used by Ljungqvist and Richardson (2003).”
• Leveraged Buyouts and Private Equity (2009, background): “Similarly, Ljungqvist et al. (2007) find that private equity funds accelerate their investment pace when interest rates are low.”
• Giants at the Gate: Investment Returns and Diseconomies of Scale in Private Equity (2015, unknown): “Ljungqvist et al. (2007) report that their data provider invests in PE to generate business for other company divisions (e.g., the mergers and acquisitions or underwriting arms).”