Local Overweighting and Underperformance: Evidence from Limited Partner Private Equity Investments
收藏NBER2011-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w17122
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资源简介：
Institutional investors of all types exhibit substantial home-state bias when investing in private equity (PE) funds. This effect is particularly pronounced for public pension funds, where the local overweighting amounts to 9.7% of the private equity portfolio on average, based on 5-year rolling
提供机构：
美国国家经济研究局
创建时间：
2011-06-01
