This study aims at dissecting the systematic risk of listed private equity (LPE) empirically through the decomposition of its beta. Instead of testing the assertion that LPE is a good proxy of unlisted private equity, the study intends to provide potential investors with better information regarding LPE’s systematic risk and to have a better reference to obtain the relevant cost of capital when evaluating individual LPE firm.
Authors: Tsz Nok Leung
Publication date: 28 February 2013
Published in: The Journal of Private Equity Spring 2013, 16
Volume/ Ausgabe: Volume 16, Issue 2
Source download link: https://www.pm-research.com/content/iijpriveq/16/2/93
