A New Method to Estimate Risk and Return of Non-Traded Assets from Cash Flows: The Case of Private Equity Funds
收藏NBER2008-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w14144
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资源简介：
We develop a new GMM-style methodology with good small-sample properties to assess the abnormal performance and risk exposure of a non-traded asset from a cross-section of cash flow data. We apply this method to a sample of 958 mature private equity funds spanning 24 years. Our methodology uses
提供机构：
美国国家经济研究局
创建时间：
2008-06-01
