Local Overweighting and Underperformance: Evidence from Limited Partner Private Equity Investments

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The local innovation spillovers of listed firms (2021, background): “Instead, I exploit the prediction that spillovers (33)However the two measures of technological proximity based on the distance defined by Jaffe (1986) or Bloom et al.”
Skill and Luck in Private Equity Performance (2017, unknown): “The risk-adjustment issue is pervasive in the PE literature, and vintage-year fixed effects are also used to control for systematic risk, for example, by Hochberg and Rauh (2013).”
Effect of institutional ownership on dividends: An agency-theory-based analysis (2016, background): “In the local bias literature, Hochberg and Rauh (2013) show that state politicians’ influence on public pension funds leads to the overweighting of private equity investments in the home state.”
Limited Partner Performance and the Maturing of the Private Equity Industry (2014, background): “4 See Hochberg and Rauh (2013) for evidence that some limited partners nevertheless systematically invest in underperforming private equity partnerships.”