4accepted_is pe model here to stay 230119 final.pdf (524.34 kB)
Rumors of an eclipse are exaggerated. The PE model is here to stay
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.
History
Publication status
- Published
File Version
- Accepted version
Journal
Annals of Corporate GovernanceISSN
2381-6732Publisher
Now PublishersExternal DOI
Issue
3Volume
5Page range
208-236Pages
30.0Department affiliated with
- Accounting and Finance Publications
Full text available
- Yes
Peer reviewed?
- Yes
Legacy Posted Date
2020-11-09First Open Access (FOA) Date
2021-02-19First Compliant Deposit (FCD) Date
2020-11-09Usage metrics
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