Herd behaviour in buyout investments
Tài liệu tham khảo
Ang, 2006, Downside risk, Rev. Financ. Stud., 19, 1191, 10.1093/rfs/hhj035
Banerjee, 1992, A simple model of herd behavior, Q. J. Econ., 107, 797, 10.2307/2118364
Bernile, 2007, The size of venture capital private equity fund portfolios, J. Corp. Finan., 13, 564, 10.1016/j.jcorpfin.2007.04.004
Bikhchandani, 1992, A theory of fads, fashion, custom, and cultural changes as information cascades, J. Polit. Econ., 100, 992, 10.1086/261849
Bikhchandani, 2001, Herd behavior in financial market: a review, Int. Monet. Fund Work. Pap. Ser., 279
Buchner, 2017, Diversification, risk and returns in venture capital, J. Bus. Ventur., 32, 519, 10.1016/j.jbusvent.2017.05.005
Chevalier, 1999, Career concerns of mutual fund managers, Q. J. Econ., 114, 389, 10.1162/003355399556034
Chung, 2012, Pay for performance from future fund flows: The case of private equity, Rev. Financ. Stud., 25, 3259, 10.1093/rfs/hhr141
Cochrane, 2005, The risk and return of venture capital, J. Financ. Econ., 75, 3, 10.1016/j.jfineco.2004.03.006
Cressy, 2007, Playing to their strengths? Evidence that specialization in the private equity industry confers competitive advantage, J. Corp. Finan., 13, 647, 10.1016/j.jcorpfin.2007.04.007
Cumming, 2008, Contracts and exits in venture capital finance, Rev. Financ. Stud., 21, 1947, 10.1093/rfs/hhn072
Cumming, 2010, Private equity returns and disclosure around the world, J. Int. Bus. Stud., 41, 727, 10.1057/jibs.2009.62
Cumming, 2010, Legality and venture capital governance around of the world, J. Bus. Ventur., 25, 54, 10.1016/j.jbusvent.2008.07.001
Cumming, 2012, Regulatory induced performance persistence: evidence from hedge funds, J. Corp. Finan., 18, 1005, 10.1016/j.jcorpfin.2012.06.009
Fama, 1970, Efficient capital markets: A review of theory and empirical work, J. Financ., 25, 383, 10.2307/2325486
Franzoni, 2012, Private equity performance and liquidity risk, J. Financ., 67, 2341, 10.1111/j.1540-6261.2012.01788.x
Giot, 2014, Are novice private equity funds risk-takers? Evidence from a comparison with established funds, J. Corp. Finan., 27, 55, 10.1016/j.jcorpfin.2014.02.008
Gompers, 2000, Money chasing deals? The impact of fund inflows on private equity valuation, J. Financ. Econ., 55, 281, 10.1016/S0304-405X(99)00052-5
Grinblatt, 1995, Momentum investment strategies, portfolio performance and herding: a study of mutual fund behavior, Am. Econ. Rev., 85, 1088
Gümbel, 2005, Herding in delegated portfolio management: When is comparative performance information desirable?, Eur. Econ. Rev., 49, 599, 10.1016/j.euroecorev.2003.08.009
Harford
Harris, 2014, Private equity performance: what do we Know?, J. Financ., 69, 1851, 10.1111/jofi.12154
Humphery-Jenner, 2012, Private equity fund size, investment size, and value creation, Rev. Financ., 16, 799, 10.1093/rof/rfr011
Kanniainen, 2003, The optimal portfolio of start-up firms in venture capital finance, J. Corp. Finan., 9, 521, 10.1016/S0929-1199(02)00021-4
Kaplan, 2005, Private equity performance: returns, persistence and capital flows, J. Financ., 60, 1791, 10.1111/j.1540-6261.2005.00780.x
Kaplan, 2009, Leveraged buyouts and private equity, J. Econ. Perspect., 23, 121, 10.1257/jep.23.1.121
Knill, 2009, Should venture capitalists put all their eggs in one basket? Diversification versus pure-play strategies in venture capital, Financ. Manag., 38, 441, 10.1111/j.1755-053X.2009.01044.x
Koch, 2017, Herd behavior and mutual fund performance, Manag. Sci., 63, 3849, 10.1287/mnsc.2016.2543
Korteweg, 2014, Skill and luck in private equity performance
Kremer, 2013, Causes and consequences of short-term institutional herding, J. Bank. Financ., 37, 1676, 10.1016/j.jbankfin.2012.12.006
Krohmer, 2009, The bright and dark side of staging: investment performance and the varying motivations of private equity firms, J. Bank. Financ., 33, 1597, 10.1016/j.jbankfin.2009.03.005
Lakonishok, 1992, The impact of institutional trading on stock prices, J. Financ. Econ., 32, 23, 10.1016/0304-405X(92)90023-Q
Markowitz, 1991
Maug, 2011, Herding and delegated portfolio management: the impact of relative performance evaluation on asset allocation, Q. J. Financ., 1, 265, 10.1142/S2010139211000092
Shawky, 2012, Diversification in the hedge fund industry, J. Corp. Finan., 18, 166, 10.1016/j.jcorpfin.2011.11.006
Tobin, 1958, Liquidity preference as behavior towards risk, Rev. Econ. Stat., 25, 65, 10.2307/2296205
Welsh, 1992, Sequential sales, learning and cascades, J. Financ., 47, 695, 10.1111/j.1540-6261.1992.tb04406.x
Wermers, 1999, Mutual fund herding and the impact of stock prices, J. Financ., 54, 581, 10.1111/0022-1082.00118