The Role of Private Equity Investments in Public Firms : International Evidence

This paper compares the raising of external equity capital from private equity investors via private investments in public equity (PIPEs) and seasoned equity offerings (SEOs) using a sample of 456 PIPEs and 1,910 SEOs drawn from nine Asian countrie...

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Bibliographic Details
Main Authors:	Dahiya, Sandeep, Klapper, Leora, Parthasarathy, Harini, Singer, Dorothe
Format:	Publications & Research
Language:	English en_US
Published:	World Bank, Washington, DC 2015
Subjects:	ACCOUNTING AFFILIATED ORGANIZATIONS AGENCY PROBLEMS ALTERNATIVE FUNDING AMOUNT OF CAPITAL ANNUAL SALES ASSET RATIO ASSET VALUE ASYMMETRIC INFORMATION BALANCE SHEET BALANCE SHEET INFORMATION BENCHMARK BOOK VALUE CAPITAL FUNDS CAPITAL STRUCTURE CORPORATE FINANCE CORPORATE GOVERNANCE COUNTRY DUMMY COUNTRY FIXED EFFECTS CURRENCY DEBT DEBT-EQUITY DEVELOPING COUNTRIES DEVELOPMENT INTENSITY DEVELOPMENT POLICY DUMMY VARIABLE DUMMY VARIABLES EMERGING MARKETS EQUIPMENT EQUITIES EQUITY CAPITAL EQUITY FINANCING EQUITY FINANCINGS EQUITY HOLDERS EQUITY INVESTMENTS EQUITY ISSUANCE EQUITY ISSUE EQUITY ISSUES EQUITY STAKES EXCESS RETURN FINANCIAL COMPANIES FINANCIAL CRISIS FINANCIAL DISTRESS FINANCIAL ENGINEERING FINANCIAL HEALTH FINANCIAL STRESS FINANCIAL STUDIES FIRM PERFORMANCE FUND MANAGERS FUTURE PROSPECTS GROUP OF INVESTORS HEDGE FUND HEDGE FUND INVESTORS HEDGE FUNDS HOLDING HOME MARKET IMPLICIT SUPPORT INCOME INFORMATION ASYMMETRY INITIAL PUBLIC OFFERINGS INSTITUTIONAL INVESTORS INSURANCE INSURANCE COMPANIES INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL MARKETS INVESTING INVESTMENT AMOUNT INVESTMENT BANKING INVESTMENT DECISIONS INVESTMENT OPPORTUNITIES INVESTMENT PROFESSIONALS INVESTMENT STRATEGY INVESTMENT VEHICLES INVESTOR BASE IPO ISSUANCE ISSUANCES LACK OF CREDIBILITY LIMITED LIABILITY LIMITED LIABILITY CORPORATION LIQUID MARKET LIQUIDITY LLC MARKET CAPITALIZATION MARKET DISCOUNTS MARKET MICROSTRUCTURE MARKET PERFORMANCE MARKET RETURN MARKET RETURNS MARKET STOCK MERGERS OFFER PRICE OWNERSHIP CONCENTRATION PENSION PENSION FUNDS PERFORMANCE DATA PORTFOLIO POTENTIAL INVESTORS PRICE INCREASE PRIVATE EQUITY PRIVATE EQUITY INVESTORS PRIVATE INVESTMENT PRIVATE INVESTMENTS PRIVATE INVESTORS PRIVATE PLACEMENT PRIVATE PLACEMENTS PRIVATE SECTOR DEVELOPMENT PROFITABILITY PUBLIC COMPANIES PUBLIC COMPANY PUBLIC EQUITIES PUBLIC EQUITY PUBLIC MARKET PUBLIC MARKETS PUBLIC REGISTRATION REAL ESTATE REGISTRATION PROCESS RESTRICTED SHARES RETAIL RETAIL INVESTORS RETURN ON ASSETS ROA SALES SECURITIES SECURITIES ISSUANCE SHARE OF EQUITY SHARE PRICE SHAREHOLDER SHAREHOLDERS SHARES OUTSTANDING STOCK EXCHANGES STOCK INDEX STOCK MARKET STOCK MARKET MOVEMENTS STOCK MARKETS STOCK PRICE STOCK PRICES STOCK RETURN STOCK RETURNS STOCKS STRATEGIC INVESTOR TANGIBLE ASSETS TAX TELECOMMUNICATIONS TOTAL DEBT TRADING TRADING VOLUME TRANCHE TRANCHES TRANSACTION UNDERVALUATION UNDERWRITER VALUE OF ASSETS VENTURE CAPITAL VENTURE CAPITAL FUNDS WEALTH
Online Access:	http://documents.worldbank.org/curated/en/2013/06/17857660/role-private-equity-investments-public-firms-international-evidence http://hdl.handle.net/10986/21476

Internet

http://documents.worldbank.org/curated/en/2013/06/17857660/role-private-equity-investments-public-firms-international-evidence
http://hdl.handle.net/10986/21476

The Role of Private Equity Investments in Public Firms : International Evidence

Internet

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