Discount Rate Risk in Private Equity: Evidence from Secondary Market Transactions
收藏NBER2021-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w28691
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资源简介：
Standard measures of private equity performance based on cash flows overlook discount rate risk. An index constructed from prices paid in secondary market transactions indicates that private equity discount rates vary considerably. While the standard alpha for our index is zero, measures of
提供机构：
美国国家经济研究局
创建时间：
2021-04-01
