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1. 1. Does a Local Advantage Exist in Private Equity?

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Christoffer Norman; Richard Riboe; [2011]
   Keywords : Home bias; Leveraged buyouts; Local advantage; Informational advantage; Private equity;

   Abstract : We hypothesize that informational advantages, network advantages and reputational incentives allow local private equity investors to outperform non-local private equity investors in improving the operating performance of their holdings. To test the validity of this hypothesis, we apply both an event study and a difference-in-differences method to analyze data from the annual accounts of 91 Scandinavian target companies acquired by private equity investors between 1998 and 2009. READ MORE