London Business School Coller Institute of Private Equity

Manager Networks and Success of Venture Capital Syndications

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by: Vineet Bhagwat

11/12/2012

The paper analyzes the role of personal relationships in facilitating and adding value to inter-firm economic ties. It specically focuses on how manager educational ties can reduce search and coord...

Can Large Pension Funds Beat the Market? Asset Allocation, Market Timing - Security Selection - and the Limits of Liquidity

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• Downloads: 19
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by: Aleksandar Andonov, Rob M.M.J. Bauer, Netspar K. J. Martijn Cremers

11/12/2012

The paper assesses and analyzes the three components of active management (asset allocation - market timing and security selection) in the performance of pension funds.

Do Buyouts (Still) Create Value?

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• Downloads: 41
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by: Shourun Guo, Edith S. Hotchkiss, Weihong Song

11/12/2012

The paper examines whether - and how - leveraged buyouts from the most recent wave of public to private transactions created value. For a sample of 192 buyouts completed between 1990 and 2006 - the ...

Ex Ante Effects of Ex Post Managerial Ownership

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by: Francesca Cornelli, David D. Li

11/12/2012

This paper highlights the difficulty of properly balancing incentives to managers. In order to provide managers with appropriate incentives to run the company, it is optimal to let them acquire equity...

Is Bigger Better? Size and Performance in Pension Plan Management

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by: Alexander Dyck, Lukasz Pomorski

11/12/2012

The paper documents substantial positive scale economies in asset management using a defined benefit pension plan database. The largest plans outperform smaller ones by 43-50 basis points per year. Be...

MANAGERIAL INCENTIVES AND VALUE CREATION: EVIDENCE FROM PRIVATE EQUITY

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• Downloads: 23
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by: Phillip Leslie, Paul Oyer

11/12/2012

The paper analyzes the differences between companies owned by private equity (PE) investors and similar public companies. It documents that PE-owned companies use much stronger incentives for their t...

The Evolution of Capital Structure and Operating Performance after Leveraged Buyouts: Evidence from U.S. Corporate Tax Returns

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• Downloads: 15
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11/12/2012

This study uses corporate tax return data to examine the evolution of firms' financial structure and performance after leveraged buyouts for a comprehensive sample of 317 LBOs taking place between 199...

COLLER PHD PRIZE 2012 PAPER - WINNER - INVESTOR HORIZON AND INNOVATION: EVIDENCE FROM PRIVATE EQUITY FUNDS

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• Downloads: 29
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by: Jean-Noel Barrot

08/11/2012

Jean-Noel Barrot, the winner of the 2012 Coller PhD Prize, investigates the correlation between investment horizon and appetite for investments exploring new ideas. His findings suggest that the inves...

COLLER PHD PRIZE 2012 PRESENTATION - RUNNER UP - CAREER CONCERNS AND VENTURE CAPITAL

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• Downloads: 15
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by: Nicholas Crain

08/11/2012

Nicholas Crain, the runner up of the 2012 Coller PhD Prize, examines the effect of track-record concerns on the investment strategies of Venture Capital fund managers. Nicholas concludes that, in cont...

COLLER PHD PRIZE 2012 PRESENTATION - WINNER - INVESTOR HORIZON AND INNOVATION: EVIDENCE FROM PRIVATE EQUITY FUNDS

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• Downloads: 30
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by: Jean-Noel Barrot

08/11/2012

Jean-Noel Barrot, the winner of the 2012 Coller PhD Prize, investigates the correlation between investment horizon and appetite for investments exploring new ideas. His findings suggest that the inves...