Danh mục

Activity Data on Fundraising, Investments and Divestments by Private Equity and Venture Capital Firms in Europe 2012

Số trang: 48      Loại file: pdf      Dung lượng: 1.11 MB      Lượt xem: 20      Lượt tải: 0    
tailieu_vip

Phí tải xuống: 1,000 VND Tải xuống file đầy đủ (48 trang) 0
Xem trước 5 trang đầu tiên của tài liệu này:

Thông tin tài liệu:

States from 1991 onwards. Using these monthly data, we document a statisti- cally significant smart money effect in the United States whose magnitude is comparable to that of the United Kingdom. However, even at the quarterly data frequency, the post-1990 period is suggestive of the presence of smart money in the United States (whereas the 1970 to 1990 period is not). These conclusions hold irrespective of whether the momentum factor is taken into consideration. Thus, Sapp and Tiwari’s results are due to the weight they put on the pre-1991 period, and to their use of quarterly data. The conclusions of Gruber and Zheng about the presence of smart...
Nội dung trích xuất từ tài liệu:
Activity Data on Fundraising, Investments and Divestments by Private Equity and Venture Capital Firms in Europe 2012

Tài liệu được xem nhiều: