The Returns to Entrepreneurial Investment: A Private Equity Premium Puzzle?
收藏NBER2002-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w8876
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资源简介：
We document the return to investing in U.S. nonpublicly traded equity. Entrepreneurial investment is extremely concentrated, yet despite its poor diversification, we find that the returns to private equity are no higher than the returns to public equity. Given the large public equity premium, it is
提供机构：
美国国家经济研究局
创建时间：
2002-04-01
