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https://hdl.handle.net/10419/55976
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Dubil, Robert | en |
dc.date.accessioned | 2012-03-15T14:09:39Z | - |
dc.date.available | 2012-03-15T14:09:39Z | - |
dc.date.issued | 2003 | - |
dc.identifier.citation | |aThe Journal of Entrepreneurial Finance (JEF)|c1551-9570|v8|h1|nThe Academy of Entrepreneurial Finance (AEF)|lMontrose, CA|y2003|p103-110 | en |
dc.identifier.uri | http://hdl.handle.net/10419/55976 | - |
dc.description.abstract | The paper examines the liquidity risk of a private equity firm that decides to dispose of a large holding in its portfolio. As the sale takes time, it requires a careful balancing act of the exposure to the fluctuations in the market value of the investment against the large sale-induced price depression. A mean-standard deviation utility framework is an appealing decision tool for optimizing protracted asset dispositions. The firm maximizes the expected profit from the sale strategy net of the price concession minus a penalty function for exposure to the price risk, with the penalty weight related to a loss confidence interval. | en |
dc.language.iso | eng | en |
dc.publisher | |aThe Academy of Entrepreneurial Finance (AEF) |cMontrose, CA | en |
dc.subject.ddc | 650 | en |
dc.title | A simple utility approach to private equity sales | - |
dc.type | Article | en |
dc.identifier.ppn | 662476980 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
econstor.citation.journaltitle | The Journal of Entrepreneurial Finance (JEF) | en |
econstor.citation.issn | 1551-9570 | en |
econstor.citation.volume | 8 | en |
econstor.citation.issue | 1 | en |
econstor.citation.publisher | The Academy of Entrepreneurial Finance (AEF) | en |
econstor.citation.publisherplace | Montrose, CA | en |
econstor.citation.year | 2003 | en |
econstor.citation.startpage | 103 | en |
econstor.citation.endpage | 110 | en |
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