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Paying for Performance in Private Equity: Evidence from Venture Capital Partnerships
16 references·4 citing·45 second hop
Paying for Performance in Private Equity: Evidence from Venture Capital Partnerships (2019)Paying for Performance in Private Equity:…Do private equity funds manipulate reported returns? (2018)Do private equity funds manip…Cyclicality, performance measurement, and cash flow liquidity in private equity (2016)Cyclicality, performance meas…Handbook of the Economics of Finance (2013)Handbook of the Economics of …Do Private Equity Fund Managers Earn Their Fees? Compensation, Ownership, and Cash Flow Performance (2012)Do Private Equity Fund Manage…Motivating Innovation (2011)Motivating InnovationThe Economics of Private Equity Funds (2010)The Economics of Private Equi…Why Are Buyouts Levered? The Financial Structure of Private Equity Funds (2009)Why Are Buyouts Levered? The …Private Equity Performance: Returns, Persistence, and Capital Flows (2005)Private Equity Performance: R…Financial Contracting Theory Meets the Real World: An Empirical Analysis of Venture Capital Contracts (2003)Financial Contracting Theory …The Price of Diversifiable Risk in Venture Capital and Private Equity (2002)The Price of Diversifiable Ri…Financial Contracting Theory Meets the Real World: An Empirical Analysis of Venture Capital Contracts (2000)Financial Contracting Theory …The Provision of Incentives in Firms (1999)The Provision of Incentives i…An analysis of compensation in the U.S. venture capital partnership (1999)An analysis of compensation i…Grandstanding in the venture capital industry (1996)Grandstanding in the venture …Moral Hazard and Observability (1979)Moral Hazard and ObservabilityAn analysis of compensation in the U.S. venture capital partnershipAn analysis of compensation i…Risk-Adjusted Returns of Private Equity Funds: A New Approach (2022)Risk-Adjusted Returns of Priv…A Theory of Liquidity in Private Equity (2022)A Theory of Liquidity in Priv…Do Private Equity Managers Have Superior Information on Public Markets? (2021)Do Private Equity Managers Ha…Do Private Equity Managers Raise Funds on (Sur)real Returns? Evidence from Deal-Level Data (2019)Do Private Equity Managers Ra…The Theory of Syndicates (1968)Essays in the Theory of Risk-Bearing. (1972)Markets and Hierarchies: Analysis and Antitrust Implications. (1976)Good News and Bad News: Representation Theorems and Applications (1981)Financial Intermediation and Delegated Monitoring (1984)Agency Costs, Net Worth, And Business Fluctuations (1988)Venture Capital and the Professionalization of Start‐Up Firms: Empirical Evidence (2002)Whom You Know Matters: Venture Capital Networks and Investment Performance (2007)Wall Street and Main Street: What Contributes to the Rise in the Highest Incomes? (2009)A Survey of Venture Capital Research (2011)Corporate Governance and Value Creation: Evidence from Private Equity (2012)The Bargaining Problem (1950)Aggregation and Linearity in the Provision of Intertemporal Incentives (1987)The structure and governance of venture-capital organizations (1990)What Drives Venture Capital Fundraising? (1998)Efficient Capital Markets, Inefficient Firms: A Model of Myopic Corporate Behavior (1989)Venture Capitalist Certification in Initial Public Offerings (1991)Myth or Reality? The Long-Run Underperformance of Initial Public Offerings: Evidence from Venture and Nonventure Capital-Backed Companies (1997)Entrepreneurship and Economic Growth (2006)Signaling in Equity Crowdfunding (2015)Agency Problems and the Theory of the Firm (1980)Outside directors and CEO turnover (1988)Performance Pay and Top-Management Incentives (1990)Inequality and Economic Growth: The Perspective of the New Growth Theories (1999)Motivation, Knowledge Transfer, and Organizational Forms (2000)Incentives and Prosocial Behavior (2006)Corporate financing and investment decisions when firms have information that investors do not have (1984)Firms, Contracts, and Financial Structure (1995)Toward a Comparative Institutional Analysis (2002)What Do Entrepreneurs Pay for Venture Capital Affiliation? (2004)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Higher market valuation of companies with a small board of directors (1996)Organizational Endowments and the Performance of University Start-ups (2002)Social Networks and Entrepreneurship (2003)Increasing Returns and Long-Run Growth (1986)Exploration and Exploitation in Organizational Learning (1991)The Theory of Economic Development (2003)Financial development and innovation: Cross-country evidence (2013)Innovation and Institutional Ownership (2013)The dark side of analyst coverage: The case of innovation (2013)Investor Psychology and Asset Pricing (2001)Presidential Address: Discount Rates (2011)… and the Cross-Section of Expected Returns (2015)Does Fund Size Erode Mutual Fund Performance? The Role of Liquidity and Organization (2004)The Financing of R&D and Innovation (2010)
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References

  • 1979Moral Hazard and Observability8,358 cited
  • 1999The Provision of Incentives in Firms3,337 cited
  • 2011Motivating Innovation1,976 cited
  • 2005Private Equity Performance: Returns, Persistence, and Capital Flows1,951 cited
  • 2013Handbook of the Economics of Finance1,813 cited
  • 2003Financial Contracting Theory Meets the Real World: An Empirical Analysis of Venture Capital Contracts1,541 cited
  • 1996Grandstanding in the venture capital industry1,346 cited
  • 2000Financial Contracting Theory Meets the Real World: An Empirical Analysis of Venture Capital Contracts1,180 cited
  • 2010The Economics of Private Equity Funds671 cited
  • 1999An analysis of compensation in the U.S. venture capital partnership455 cited
  • n.d.An analysis of compensation in the U.S. venture capital partnership331 cited
  • 2009Why Are Buyouts Levered? The Financial Structure of Private Equity Funds287 cited
  • 2012Do Private Equity Fund Managers Earn Their Fees? Compensation, Ownership, and Cash Flow Performance256 cited
  • 2016Cyclicality, performance measurement, and cash flow liquidity in private equity208 cited
  • 2002The Price of Diversifiable Risk in Venture Capital and Private Equity

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208 cited
  • 2018Do private equity funds manipulate reported returns?203 cited
  • Cited by

    • 2022A Theory of Liquidity in Private Equity34 cited
    • 2019Do Private Equity Managers Raise Funds on (Sur)real Returns? Evidence from Deal-Level Data31 cited
    • 2021Do Private Equity Managers Have Superior Information on Public Markets?30 cited
    • 2022Risk-Adjusted Returns of Private Equity Funds: A New Approach22 cited