Risk and Expected Returns of Private Equity Investments: Evidence Based on Market Prices
收藏NBER2009-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w15335
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资源简介：
We estimate the risk and expected returns of private equity investments based on the market prices of exchange-traded funds of funds that invest in unlisted private equity funds. Our results indicate that the market expects unlisted private equity funds to earn abnormal returns of approximately 1%
提供机构：
美国国家经济研究局
创建时间：
2009-09-01
