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Abstracts prior to volume 5(1) have been archived!

Issue 5(1), October 2010 -- Paper Abstracts
Girard  (p. 9-22)
Cooper (p. 23-32)
Kunz-Osborne (p. 33-41)
Coulmas-Law (p.42-46)
Stasio (p. 47-56)
Albert-Valette-Florence (p.57-63)
Zhang-Rauch (p. 64-70)
Alam-Yasin (p. 71-78)
Mattare-Monahan-Shah (p. 79-94)
Nonis-Hudson-Hunt (p. 95-106)



JOURNAL OF ACCOUNTING AND FINANCE

Public vs. Private: Characteristics of the Companies Backed by Listed Private Equity


Author(s): M. Sinan Goktan, Erdem Ucar

Citation: M. Sinan Goktan, Erdem Ucar, (2012) "Public vs. Private: Characteristics of the Companies Backed by Listed Private Equity," Journal of Accounting and Finance, Vol. 12, Iss. 5, pp. 11 - 25

Article Type: Research paper

Publisher: North American Business Press

Abstract:

Listed Private Equity (LPE) is growing as an alternative investment tool for those investors who would want exposure to private equity in their investment portfolios by purchasing public shares of LPEs that are invested in a group of private companies. We analyze the characteristics of the LPEs and the type of companies that LPEs tend to invest in. We show that the companies that LPE firms are investing in have different characteristics than the companies that receive funding from unlisted private equity firms. LPE firms tend to invest in these companies for a longer duration but there is no significant effect on the likelihood of taking these to public.