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Understanding the private equity phenomenon

Abstract:
Private equity’s high degree of leverage in the boom years leading up to the recent bust is a dominant factor in that market’s current precarious state. Valuations have fallen precipitously and are likely to fall farther, with some firms going into default. But many firms will prove robust, and those firms with cash available should be able to find excellent bargains in 2009 and 2010.
Publication status:
Published

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Publisher copy:
10.2469/cp.v26.n1.5

Authors


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Institution:
University of Oxford
Division:
SSD
Department:
Said Business School
Role:
Author
Publisher:
CFA Institute
Journal:
CFA Institute Conference Proceedings Quarterly More from this journal
Volume:
26
Issue:
1
Pages:
77-83
Publication date:
2009-03-01
DOI:
UUID:
uuid:8a591264-0260-4ae4-bfaf-f79b663e57b2
Local pid:
daisy:647
Source identifiers:
647
Deposit date:
2011-08-19

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