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Corporate Governance and Value Creation: Evidence from Private Equity

Corporate Governance and Value Creation: Evidence from Private Equity ArXiv ID: ssrn-1372562 “View on arXiv” Authors: Unknown Abstract We examine deal-level data on private equity transactions in the UK initiated during the period 1996 to 2004 by mature private equity houses. We un-lever the de Keywords: Private Equity, Deal-level data, Unlevered returns, UK market, Mature private equity houses, Private Equity Complexity vs Empirical Score Math Complexity: 2.5/10 Empirical Rigor: 8.0/10 Quadrant: Street Traders Why: The paper relies on real-world private equity deal data and standard econometric regression, with no advanced mathematics, making it highly empirical and practical for market application. flowchart TD A["Research Question: Does corporate governance<br>create value in Private Equity?"] --> B{"Key Methodology"} B --> C["Unlevered Deal-Level Analysis"] C --> D["Data: UK PE deals 1996-2004<br>Mature PE houses"] D --> E["Compute Unlevered Returns<br>Remove debt effects"] E --> F["Regression Analysis<br>Control for deal characteristics"] F --> G["Findings: Governance drives<br>unlevered value creation"]

April 7, 2009 · 1 min · Research Team

Corporate Governance and Value Creation: Evidence from Private Equity

Corporate Governance and Value Creation: Evidence from Private Equity ArXiv ID: ssrn-1354519 “View on arXiv” Authors: Unknown Abstract We examine deal-level data on private equity transactions in the UK initiated during the period 1996 to 2004 by mature private equity houses. We un-lever the de Keywords: Private Equity, Deal-level data, Unlevered returns, UK market, Mature private equity houses, Private Equity Complexity vs Empirical Score Math Complexity: 3.0/10 Empirical Rigor: 7.5/10 Quadrant: Street Traders Why: The paper is based on an analysis of real-world private equity deal-level data, requiring robust data collection, cleaning, and econometric methods, but its mathematical content appears to be applied regression and statistical analysis rather than heavy theoretical derivations. flowchart TD A["Research Question: Does corporate governance improve<br/>private equity value creation?"] --> B["Dataset & Inputs"] B --> C["Methodology & Computation"] C --> D["Key Findings"] B["Dataset & Inputs"] --> B1["UK PE transactions (1996-2004)"] B --> B2["Mature PE houses only"] B --> B3["Deal-level financial data"] C["Methodology & Computation"] --> C1["Calculate unlevered returns<br/>(removing leverage effects)"] C1 --> C2["Analyze governance impact<br/>on operating performance"] C2 --> C3["Regression analysis<br/>controlling for deal characteristics"] D["Key Findings"] --> D1["Governance adds value<br/>post-acquisition"] D --> D2["Operational improvements<br/>drive returns over financial engineering"] D --> D3["Mature PE houses show<br/>stronger governance impact"]

March 9, 2009 · 1 min · Research Team

Corporate Governance and Value Creation: Evidence from Private Equity

Corporate Governance and Value Creation: Evidence from Private Equity ArXiv ID: ssrn-1324016 “View on arXiv” Authors: Unknown Abstract We examine deal-level data from 395 private equity transactions in Western Europe initiated by large private equity houses during the period 1991 to 2007. We un Keywords: private equity, deal-level data, Western Europe, transactions, LBO, Private Equity Complexity vs Empirical Score Math Complexity: 3.5/10 Empirical Rigor: 8.0/10 Quadrant: Street Traders Why: The paper relies heavily on deal-level regression analysis and statistical inference but with relatively accessible econometric models rather than advanced mathematics. The empirical design is robust, using 395 transactions over 16 years with detailed private equity data, suggesting strong backtest readiness. flowchart TD A["Research Goal<br>How does Private Equity create value?"] --> B["Data: 395 LBOs<br>Western Europe 1991-2007"] B --> C["Methodology<br>Deal-level regression analysis"] C --> D{"Computation<br>Operational vs. Financial Drivers"} D --> E["Outcome 1: <br>Operating improvements primary"] D --> F["Outcome 2: <br>Limited financial engineering"] D --> G["Outcome 3: <br>Timing & multiples key"]</parameter>

January 8, 2009 · 1 min · Research Team