Rumors of an eclipse are exaggerated. The PE model is here to stay

Wright, Mike and Jelic, Ranko (2020) Rumors of an eclipse are exaggerated. The PE model is here to stay. Annals of Corporate Governance, 5 (3). pp. 208-236. ISSN 2381-6732

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Abstract

In line with Jensen’s predictions, private equity (PE) industry has grown remarkably and become a global phenomenon. More recently, academic literature examines a sharp drop in number of listed firms and the role of PE firms in the possible demise of public corporations. Rather controversially, some authors were also predicting the eclipse of PE. In this article we discuss recent developments and argue that rumors of the eclipse of PE are exaggerated. The PE model, and its accompanying governance role, is here to stay but it will need to adapt to changing dynamics between general and limited partners, and emergence of fintech.

Item Type: Article
Schools and Departments: University of Sussex Business School > Accounting and Finance
SWORD Depositor: Mx Elements Account
Depositing User: Mx Elements Account
Date Deposited: 09 Nov 2020 09:29
Last Modified: 12 Nov 2020 14:30
URI: http://sro.sussex.ac.uk/id/eprint/94885

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