Efektywność wykorzystania kapitału własnego w spółkach portfelowych funduszy private equity objętych procesami dezinwestycji metod IPO

• Authors: Sosnowski, Tomasz

Title variants

PL

The Profitability of Equity in Private Equity Funds’ Portfolio Companies Divested by IPO

Abstracts

EN

The main objective of this paper is an attempt to identify changes in the financial condition of private equity backed companies in which the divestment process was carried out by the initial public offering and to examine the level of capital efficiency in this group of firms. The major hypothesis, that return on equity in portfolio companies of private equity funds after lists its securities on a public exchange is sustained decline has been positively verified. Empirical research was realized based on the financial statements of 23 portfolio companies of private equity funds, which primary listing on the Warsaw Stock Exchange was held in 2002–2008.

Keywords

EN

private equity; venture capital; divestment process; initial public offering; return on equity

• Publisher: Uniwersytet Łódzki. Wydawnictwo Uniwersytetu Łódzkiego
• Journal: Acta Universitatis Lodziensis. Folia Oeconomica
• Year: 2012
• Volume: 272

Dates

published

2012

Contributors

author

Sosnowski, Tomasz

other

Uniwersytet Łódzki; Wydział Ekonomiczno-Socjologiczny; Instytut Ekonomik Stosowanych i Informatyki

Identifiers

URI

http://hdl.handle.net/11089/1935