{"id":"https://openalex.org/W2105624366","doi":"https://doi.org/10.2139/ssrn.1364776","title":"Risk and Expected Returns of Private Equity Investments: Evidence Based on Market Prices","display_name":"Risk and Expected Returns of Private Equity Investments: Evidence Based on Market Prices","publication_year":2009,"publication_date":"2009-01-01","ids":{"openalex":"https://openalex.org/W2105624366","doi":"https://doi.org/10.2139/ssrn.1364776","mag":"2105624366"},"language":"en","primary_location":{"id":"doi:10.2139/ssrn.1364776","doi":"https://doi.org/10.2139/ssrn.1364776","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.1364776","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"SSRN Electronic Journal","raw_type":"journal-article"},"volume":null,"type":"preprint","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.2139/ssrn.1364776","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5074911203","display_name":"Narasimhan Jegadeesh","orcid":"https://orcid.org/0009-0003-1552-1650","observed_orcids":["https://orcid.org/0009-0003-1552-1650"]},"institutions":[{"id":"https://openalex.org/I150468666","display_name":"Emory University","ror":"https://ror.org/03czfpz43","country_code":"US","type":"education","lineage":["https://openalex.org/I150468666"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Narasimhan Jegadeesh","raw_affiliation_strings":["Emory University - Department of Finance"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Emory University - Department of Finance","institution_ids":["https://openalex.org/I150468666"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5088543447","display_name":"Roman Kr\u00e4ussl","orcid":"https://orcid.org/0000-0001-8933-9278","observed_orcids":["https://orcid.org/0000-0001-8933-9278"]},"institutions":[{"id":"https://openalex.org/I1286498122","display_name":"Hoover Institution","ror":"https://ror.org/04ce9mt19","country_code":"US","type":"facility","lineage":["https://openalex.org/I1286498122"]},{"id":"https://openalex.org/I186903577","display_name":"University of Luxembourg","ror":"https://ror.org/036x5ad56","country_code":"LU","type":"education","lineage":["https://openalex.org/I186903577"]},{"id":"https://openalex.org/I97018004","display_name":"Stanford University","ror":"https://ror.org/00f54p054","country_code":"US","type":"education","lineage":["https://openalex.org/I97018004"]}],"countries":["LU","US"],"is_corresponding":false,"raw_author_name":"Roman Kr\u00e4ussl","raw_affiliation_strings":["Hoover Institution, Stanford University","Universite du Luxembourg - Department of Finance"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Hoover Institution, Stanford University","institution_ids":["https://openalex.org/I1286498122","https://openalex.org/I97018004"]},{"raw_affiliation_string":"Universite du Luxembourg - Department of Finance","institution_ids":["https://openalex.org/I186903577"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5091747589","display_name":"Joshua Matthew Pollet","orcid":"https://orcid.org/0000-0002-5301-695X","observed_orcids":["https://orcid.org/0000-0002-5301-695X"]},"institutions":[{"id":"https://openalex.org/I157725225","display_name":"University of Illinois Urbana-Champaign","ror":"https://ror.org/047426m28","country_code":"US","type":"education","lineage":["https://openalex.org/I157725225"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Joshua Matthew Pollet","raw_affiliation_strings":["University of Illinois at Urbana-Champaign - Department of Finance"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Illinois at Urbana-Champaign - Department of Finance","institution_ids":["https://openalex.org/I157725225"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":5,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":true,"cited_by_count":23,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.5054000020027161,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.5054000020027161,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11903","display_name":"Private Equity and Venture Capital","score":0.4909999966621399,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.00039999998989515007,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/private-equity","display_name":"private equity","score":0.7820000052452087},{"id":"https://openalex.org/keywords/private-equity-funds","display_name":"private equity funds","score":0.7319999933242798},{"id":"https://openalex.org/keywords/expected-returns","display_name":"expected returns","score":0.5479999780654907},{"id":"https://openalex.org/keywords/risk","display_name":"risk","score":0.7670000195503235},{"id":"https://openalex.org/keywords/abnormal-returns","display_name":"abnormal returns","score":0.8379999995231628},{"id":"https://openalex.org/keywords/market-beta","display_name":"market beta","score":0.921999990940094},{"id":"https://openalex.org/keywords/credit-spreads","display_name":"credit spreads","score":0.7139999866485596},{"id":"https://openalex.org/keywords/gdp-growth","display_name":"GDP growth","score":0.9850000143051147},{"id":"https://openalex.org/keywords/book-value","display_name":"book value","score":0.6759999990463257}],"concepts":[{"id":"https://openalex.org/C178297102","wikidata":"https://www.wikidata.org/wiki/Q5978114","display_name":"Private equity fund","level":3,"score":0.7613682150840759},{"id":"https://openalex.org/C71110296","wikidata":"https://www.wikidata.org/wiki/Q476115","display_name":"Private equity","level":2,"score":0.7455831170082092},{"id":"https://openalex.org/C161473905","wikidata":"https://www.wikidata.org/wiki/Q15506402","display_name":"Private equity secondary market","level":4,"score":0.7204460501670837},{"id":"https://openalex.org/C93236110","wikidata":"https://www.wikidata.org/wiki/Q5136435","display_name":"Club deal","level":4,"score":0.676737368106842},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6401495933532715},{"id":"https://openalex.org/C202093079","wikidata":"https://www.wikidata.org/wiki/Q5418962","display_name":"Private equity firm","level":3,"score":0.6356139183044434},{"id":"https://openalex.org/C143801662","wikidata":"https://www.wikidata.org/wiki/Q5384683","display_name":"Equity capital markets","level":3,"score":0.6166380643844604},{"id":"https://openalex.org/C149866677","wikidata":"https://www.wikidata.org/wiki/Q5384698","display_name":"Equity risk","level":3,"score":0.600975751876831},{"id":"https://openalex.org/C74514629","wikidata":"https://www.wikidata.org/wiki/Q1640570","display_name":"Net asset value","level":2,"score":0.4888295531272888},{"id":"https://openalex.org/C199728807","wikidata":"https://www.wikidata.org/wiki/Q2578557","display_name":"Equity (law)","level":2,"score":0.43470245599746704},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.39525866508483887},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.3704511225223541},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.34237784147262573},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.2991626262664795},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0}],"mesh":[],"locations_count":7,"locations":[{"id":"doi:10.2139/ssrn.1364776","doi":"https://doi.org/10.2139/ssrn.1364776","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.1364776","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"SSRN Electronic Journal","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:crf:wpaper:14-04","doi":null,"is_oa":false,"landing_page_url":"http://wwwen.uni.lu/content/download/70307/890336/file/Risk%20and%20Expected%20Returns%20of%20Private%20Equity%20Investments_Evidence%20Based%20on%20Market%20Prices_Jegadeesh_Kr%C3%A4ussl_Pollet_April%202014.pdf","pdf_url":"http://wwwen.uni.lu/content/download/70307/890336/file/Risk%20and%20Expected%20Returns%20of%20Private%20Equity%20Investments_Evidence%20Based%20on%20Market%20Prices_Jegadeesh_Kr%C3%A4ussl_Pollet_April%202014.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:RePEc:nbr:nberwo:15335","doi":null,"is_oa":false,"landing_page_url":"http://www.nber.org/papers/w15335.pdf","pdf_url":"http://www.nber.org/papers/w15335.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:RePEc:zbw:cfswop:201004","doi":null,"is_oa":false,"landing_page_url":"https://www.econstor.eu/bitstream/10419/43268/1/622761099.pdf","pdf_url":"https://www.econstor.eu/bitstream/10419/43268/1/622761099.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:orbilu.uni.lu:10993/18520","doi":null,"is_oa":true,"landing_page_url":"https://orbilu.uni.lu/handle/10993/18520","pdf_url":"https://orbilu.uni.lu/bitstream/10993/18520/1/Risk%20and%20Expected%20Returns%20of%20Private%20Equity%20Investments_Evidence%20Based%20on%20Market%20Prices_Jegadeesh_Kr%c3%a4ussl_Pollet_April%202014.pdf","source":{"id":"https://openalex.org/S4306401815","display_name":"Open Repository and Bibliography (University of Luxembourg)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I186903577","host_organization_name":"University of Luxembourg","host_organization_lineage":["https://openalex.org/I186903577"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"http://purl.org/coar/resource_type/c_8042"},{"id":"pmh:oai:publikationen.ub.uni-frankfurt.de:7523","doi":null,"is_oa":true,"landing_page_url":"http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/7523","pdf_url":"http://publikationen.ub.uni-frankfurt.de/files/7523/10_04.pdf","source":{"id":"https://openalex.org/S4306400432","display_name":"Publication Server of Goethe University Frankfurt am Main (Goethe University Frankfurt)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I114090438","host_organization_name":"Goethe University Frankfurt","host_organization_lineage":["https://openalex.org/I114090438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"workingpaper"},{"id":"pmh:oai:econstor.eu:10419/43268","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10419/43268","pdf_url":null,"source":{"id":"https://openalex.org/S4306401696","display_name":"Econstor (Econstor)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"doc-type:workingPaper"}],"best_oa_location":{"id":"doi:10.2139/ssrn.1364776","doi":"https://doi.org/10.2139/ssrn.1364776","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.1364776","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"SSRN Electronic Journal","raw_type":"journal-article"},"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"score":0.6000000238418579,"display_name":"Partnerships for the goals","id":"https://metadata.un.org/sdg/17"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":39,"referenced_works":["https://openalex.org/W1520462267","https://openalex.org/W1841213101","https://openalex.org/W1970659806","https://openalex.org/W1995834279","https://openalex.org/W2016334400","https://openalex.org/W2028203519","https://openalex.org/W2039426267","https://openalex.org/W2076889540","https://openalex.org/W2091637085","https://openalex.org/W2095984894","https://openalex.org/W2099073136","https://openalex.org/W2106750400","https://openalex.org/W2110974348","https://openalex.org/W2125909235","https://openalex.org/W2143043255","https://openalex.org/W2146287001","https://openalex.org/W2153104251","https://openalex.org/W2161585826","https://openalex.org/W2166215547","https://openalex.org/W2170461829","https://openalex.org/W2564915836","https://openalex.org/W2727657178","https://openalex.org/W2889570252","https://openalex.org/W2892288797","https://openalex.org/W3121228680","https://openalex.org/W3121776504","https://openalex.org/W3121872951","https://openalex.org/W3123389049","https://openalex.org/W3123434140","https://openalex.org/W3123967238","https://openalex.org/W3124252841","https://openalex.org/W3124671214","https://openalex.org/W3124890702","https://openalex.org/W3125046747","https://openalex.org/W3125324508","https://openalex.org/W3125429822","https://openalex.org/W3125493359","https://openalex.org/W4249512957","https://openalex.org/W4256499879"],"related_works":["https://openalex.org/W7098617851","https://openalex.org/W7096995704","https://openalex.org/W7100015571","https://openalex.org/W3003699891","https://openalex.org/W2279591388","https://openalex.org/W6989943770","https://openalex.org/W1721593716","https://openalex.org/W2106750400","https://openalex.org/W6983340069","https://openalex.org/W2170461829"],"abstract_inverted_index":null,"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":2},{"year":2023,"cited_by_count":1},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":3},{"year":2019,"cited_by_count":2},{"year":2018,"cited_by_count":2},{"year":2017,"cited_by_count":1},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":2},{"year":2014,"cited_by_count":2},{"year":2013,"cited_by_count":2}],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2016-06-24T00:00:00"}
