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Value Creation of Private Equity Funds: Practices in China

Abstract Based on multiple case studies of the transactions in China by private equity funds, this paper attempts to explore the value-creation capabilities of private equity funds at the transaction/deal level.

Previous studies on financial performance of PE funds utilized data collected from publically traded companies in European/US markets. By measuring financial performance of both “pre- and post-transactions,” these studies researched two questions: 1) Do buyout funds create value? 2) If they do, what are the sources of value creation? In general, studies conclude that private equity/buyout funds do create value at both the deal level and investor level. They also identified four possible sources of such value creation: 1) undervaluation,... (more)
Created Date 2016
Contributor Ye, Youming (Author) / Lee, Peggy (Advisor) / Zhu, Ning (Advisor) / Wahal, Sunil (Committee member) / Arizona State University (Publisher)
Subject Business administration / Finance / case study / China / Private equity fund / state-owned enterprise reform / value creation capability
Type Doctoral Dissertation
Extent 115 pages
Language English
Reuse Permissions All Rights Reserved
Note Doctoral Dissertation Business Administration 2016
Collaborating Institutions Graduate College / ASU Library
Additional Formats MODS / OAI Dublin Core / RIS

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Description Dissertation/Thesis