title: Private equity investment tenure and financial performance: Evidence from European PIPE transactions
metadata.name: dc.contributor.author
metadata.value: Berezinets, Irina V.
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: Ilina, Yulia B.
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: Bobyleva, Alla Z.
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: Burov, Alexander N.
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2022-12-02T13:39:48Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2022-12-02T13:39:48Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2022-09
metadata.lang: -
metadata.name: dc.identifier.citation
metadata.value: Berezinets I. V., Ilina Yu. B., Bobyleva A. Z., Burov A. N. 2022. Private equity investment tenure and financial performance: Evidence from European PIPE transactions. Vestnik of Saint Petersburg University. Management 21 (3): 327–347. http://doi.org/10.21638/11701/spbu08.2022.301
metadata.lang: en_GB
metadata.name: dc.identifier.other
metadata.value: http://doi.org/10.21638/11701/spbu08.2022.301
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/38658
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: The role of private equity investments in a modern economy is growing. Private equity funds,
  which operate in the industry, attract capital, and distribute it across a wide range of portfolio
  companies. These funds hold their stakes in target companies’ capital for different periods of
  time. Why would a private equity fund choose to invest in portfolio companies for a certain
  period of time and what would be the impact of such investments on a portfolio company? Is
  there any relationship between the tenure of investment and the performance of a target company?
  This paper examines the relationship between the tenure of private equity investments in
  public equity and financial performance of European companies. Performance is measured by
  cash flow growth and net debt to EBITDA ratios. Private investments in public equity transactions
  with public company targets located in Western European countries during a period from
  2005 to 2016 were analyzed. The findings reveal the impact of private equity investor presence on
  the performance of target companies and confirm non-linear effects of the relationships. A nonlinear
  relationship between private investments in public equity investment tenure and target
  company’s performance have been found both in terms of its solvency and cash flow growth rate.
metadata.lang: en_GB
metadata.name: dc.description.sponsorship
metadata.value: This research has been conducted with financial support from Graduate School of Business, Higher
  School of Economics University (project No. 2022.004Р).
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: en
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: St Petersburg State University
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: Vestnik of St Petersburg University. Management;Volume 21; Issue 3
metadata.lang: -
metadata.name: dc.subject
metadata.value: private equity
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: investment tenure
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: private investments in public equity
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: Private equity investment tenure and financial performance: Evidence from European PIPE transactions
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Article
metadata.lang: en_GB
resources.filename: 915.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/38658/1/915.pdf
resources.format: Adobe PDF
resources.size: 2,06 MB