University of Twente Student Theses
How private equity outperformed public equity in western markets over the last two decades
Meulenbeld, M.M. (2023) How private equity outperformed public equity in western markets over the last two decades.
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| Abstract: | The purpose of this study is to investigate the factors that contribute to private equity's superior performance compared to public equity in Western markets in recent years. Private equity is an increasingly popular investment vehicle, with many investors drawn to its potential for higher returns compared to public markets. However, there is little research on what causes the outperformance of private equity, and thus the explosive expansion of private equity funds. A regression model was used to examine the outperformance of private equity versus public markets. The model included independent variables such as industry sector, fund size, level of fund experience, investment strategies, macroeconomic conditions, and leverage. Data was collected from financial statements, industry reports, market indices, and secondary data sources. The results of the model were used to estimate the coefficients of the independent variables and to test their statistical significance. The findings of this study could provide valuable insights for investors, policymakers, and practitioners and could help inform decision- making about the allocation of capital and the financing of firms. |
| Item Type: | Essay (Master) |
| Faculty: | BMS: Behavioural, Management and Social Sciences |
| Subject: | 83 economics |
| Programme: | Business Administration MSc (60644) |
| Link to this item: | https://purl.utwente.nl/essays/96235 |
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