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AN ANALYSIS OF THE PERFORMANCE OF PRIVATE EQUITY: AGENCY COST APPROACH
Download This ArticleC.R. Krishna-Swamy
Abstract
In this paper, we explore the effects of agency costs on the performance of private equity. We discuss why private equity firms generally have much lower agency costs. We show using Capital Asset Pricing Model approach that private equity funds would be better off by investing in firms with low beta than high beta firms.
Keywords: Private Equity, Buyout Funds, Agency Cost, CAPM
How to cite this paper: Krishnaswamy, C.R. (2009). An analysis of the performance of private equity: Agency cost approach. Corporate Ownership & Control, 6(3-4), 424-428. https://doi.org/10.22495/cocv6i3c4p1
