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Local Overweighting and Underperformance: Evidence from Limited Partner Private Equity Investments
16 references·16 citing·49 second hopsampled
Local Overweighting and Underperformance: Evidence from Limited Partner Private Equity Investments (2012)Local Overweighting and Underperformance:…Public Pension Promises: How Big Are They and What Are They Worth? (2010)Public Pension Promises: How …Local institutional investors, information asymmetries, and equity returns☆ (2010)Local institutional investors…The Performance of Private Equity Funds (2008)The Performance of Private Eq…Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2008)Estimating Standard Errors in…Smart Institutions, Foolish Choices: The Limited Partner Performance Puzzle (2007)Smart Institutions, Foolish C…Private Equity Performance: Returns, Persistence, and Capital Flows (2005)Private Equity Performance: R…Investor Competence, Trading Frequency, and Home Bias (2005)Investor Competence, Trading …Corruption in America (2005)Corruption in AmericaThe risk and return of venture capital (2004)The risk and return of ventur…The illiquidity puzzle: theory and evidence from private equity (2003)The illiquidity puzzle: theor…The cash flow, return and risk characteristics of private equity (2003)The cash flow, return and ris…The Geography of Investment: Informed Trading and Asset Prices (2001)The Geography of Investment: …Syndication Networks and the Spatial Distribution of Venture Capital Investments (2001)Syndication Networks and the …Home Bias at Home: Local Equity Preference in Domestic Portfolios (1999)Home Bias at Home: Local Equi…The Use of Covenants: An Empirical Analysis of Venture Partnership Agreements (1996)The Use of Covenants: An Empi…Investor Diversification and International Equity Markets (1991)Investor Diversification and …Owner Incentives and Performance in Healthcare: Private Equity Investment in Nursing Homes (2023)Owner Incentives and Performa…The Firm Next Door: Using Satellite Images to Study Local Information Advantage (2021)The Firm Next Door: Using Sat…The Life Cycle of Corporate Venture Capital (2019)The Life Cycle of Corporate V…The Deregulation of the Private Equity Markets and the Decline in IPOs (2019)The Deregulation of the Priva…Opioid Crisis Effects On Municipal Finance (2019)Opioid Crisis Effects On Muni…Home Bias and Local Contagion: Evidence from Funds of Hedge Funds (2019)Home Bias and Local Contagion…Exchanges of innovation resources inside venture capital portfolios (2019)Exchanges of innovation resou…Hometown Biased Acquisitions (2018)Hometown Biased AcquisitionsVenture capital and private equity financing: an overview of recent literature and an agenda for future research (2017)Venture capital and private e…Skill and luck in private equity performance (2017)Skill and luck in private equ…Political Representation and Governance: Evidence from the Investment Decisions of Public Pension Funds (2017)Political Representation and …The influence of political bias in state pension funds (2015)The influence of political bi…On secondary buyouts (2015)On secondary buyoutsEffect of institutional ownership on dividends: An agency-theory-based analysis (2015)Effect of institutional owner…The disintermediation of financial markets: Direct investing in private equity (2014)The disintermediation of fina…Limited partner performance and the maturing of the private equity industry (2014)Limited partner performance a…The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)On Persistence in Mutual Fund Performance (1997)How Distance, Language, and Culture Influence Stockholdings and Trades (2001)The determinants of cross-border equity flows (2004)Does function follow organizational form? Evidence from the lending practices of large and small banks (2005)Increasing Returns and Economic Geography (1990)Investor Psychology and Asset Pricing (2001)Does Distance Still Matter? The Information Revolution in Small Business Lending (2002)Information and the Cost of Capital (2004)Venture Capital and the Professionalization of Start‐Up Firms: Empirical Evidence (2002)Does Fund Size Erode Mutual Fund Performance? The Role of Liquidity and Organization (2004)The Financing of R&D and Innovation (2010)Investor Psychology and Security Market Under‐ and Overreactions (1998)Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors (2000)Boys will be Boys: Gender, Overconfidence, and Common Stock Investment (2001)Talk and Action: What Individual Investors Say and What They Do (2005)Home Bias in Open Economy Financial Macroeconomics (2013)Behavioral Finance (2015)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)The Strength of Weak Ties (1973)Economic Action and Social Structure: The Problem of Embeddedness (1985)The Handbook of Economic Sociology (1994)Structural Holes and Good Ideas (2004)The Relational Organization of Entrepreneurial Ecosystems (2015)Crime and Punishment: An Economic Approach (1968)Corruption and Growth (1995)The quality of government (1999)Corruption and the costs of redistribution: Micro evidence from Indonesia (2005)The Economics of Place-Making Policies (2008)How does anti-corruption affect corporate innovation? Evidence from recent anti-corruption efforts in China (2016)Financial Contracting Theory Meets the Real World: An Empirical Analysis of Venture Capital Contracts (2000)Financial Contracting Theory Meets the Real World: An Empirical Analysis of Venture Capital Contracts (2003)Venture capital reputation and investment performance☆ (2008)The Economics of Private Equity Funds (2010)Venture Capital, Entrepreneurship, and Economic Growth (2010)Risk, Return, and Equilibrium: Empirical Tests (1973)Specification Tests in Econometrics (1978)Econometric Analysis of Cross Section and Panel Data (2001)Robust Standard Errors for Panel Regressions with Cross-Sectional Dependence (2007)Robust Inference With Multiway Clustering (2011)Policy Uncertainty and Corporate Investment (2015)Mutual Fund Performance: An Empirical Decomposition into Stock‐Picking Talent, Style, Transactions Costs, and Expenses (2000)Whom You Know Matters: Venture Capital Networks and Investment Performance (2007)A Survey of Venture Capital Research (2011)Corporate Governance and Value Creation: Evidence from Private Equity (2012)Editor's Choice The Importance of Trust for Investment: Evidence from Venture Capital (2016)Familiarity Breeds Investment (2001)International Asset Allocation With Regime Shifts (2002)
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References

  • 2008Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches10,793 cited
  • 1999Home Bias at Home: Local Equity Preference in Domestic Portfolios2,898 cited
  • 1991Investor Diversification and International Equity Markets2,542 cited
  • 2001The Geography of Investment: Informed Trading and Asset Prices2,004 cited
  • 2005Private Equity Performance: Returns, Persistence, and Capital Flows1,951 cited
  • 2001Syndication Networks and the Spatial Distribution of Venture Capital Investments1,927 cited
  • 2004The risk and return of venture capital909 cited
  • 2005Corruption in America837 cited
  • 2005Investor Competence, Trading Frequency, and Home Bias634 cited
  • 2008The Performance of Private Equity Funds556 cited
  • 1996The Use of Covenants: An Empirical Analysis of Venture Partnership Agreements459 cited
  • 2010Local institutional investors, information asymmetries, and equity returns☆440 cited
  • 2007Smart Institutions, Foolish Choices: The Limited Partner Performance Puzzle428 cited
  • 2010Public Pension Promises: How Big Are They and What Are They Worth?423 cited
  • 2003The cash flow, return and risk characteristics of private equity412 cited

Only edges whose both ends are imported exist here. Widen the year window, or show the whole map. Back to the work

  • 2003The illiquidity puzzle: theory and evidence from private equity259 cited
  • Cited by

    • 2019The Life Cycle of Corporate Venture Capital179 cited
    • 2017Political Representation and Governance: Evidence from the Investment Decisions of Public Pension Funds172 cited
    • 2017Skill and luck in private equity performance167 cited
    • 2014Limited partner performance and the maturing of the private equity industry165 cited
    • 2014The disintermediation of financial markets: Direct investing in private equity150 cited
    • 2018Hometown Biased Acquisitions143 cited
    • 2015Effect of institutional ownership on dividends: An agency-theory-based analysis121 cited
    • 2015The influence of political bias in state pension funds109 cited
    • 2019Exchanges of innovation resources inside venture capital portfolios107 cited
    • 2015On secondary buyouts105 cited
    • 2023Owner Incentives and Performance in Healthcare: Private Equity Investment in Nursing Homes104 cited
    • 2021The Firm Next Door: Using Satellite Images to Study Local Information Advantage104 cited
    • 2019Home Bias and Local Contagion: Evidence from Funds of Hedge Funds103 cited
    • 2017Venture capital and private equity financing: an overview of recent literature and an agenda for future research102 cited
    • 2019Opioid Crisis Effects On Municipal Finance99 cited
    • 2019The Deregulation of the Private Equity Markets and the Decline in IPOs97 cited