PE 관련 약어 정리

<< PE 관련 약어 정리 >>
private equity (PE)
private equity fund (PEF)
the capital asset price model (CAPM)
limited partner (LP)
general partners (GP)
public market equivalent (PME)
assets under management (AUM)
Private Equity International (PEI) Media
internal rate of return (IRR)
multiple on invested capital (MOIC)
adjusted present value (APV)
discounted cash flow (DCF)
weighted average costs of capital (WACC)
AJSW : Axelson, U., Jenkinson, T., Strömberg, P., Weisbach, M., 2013. Borrow cheap, buy high? The determinants of leverage and pricing in buyouts. Journal of Finance 68, 2223–2267.
venture capital (VC)
buyout (BO) funds
earnings before interest, tax, depreciation, and amortization (EBITDA)
initial public offering (IPO) 
 
관련논문1: Gompers, P. & Kaplan, S. N. & Mukharlyamov. V. (2015). What Do Private Equity Firms Say They Do? Working Paper 15-081. Harvard Business School.   http://www.hbs.edu/faculty/Publication%20Files/15-081_9baffe73-8ec2-404f-9d62-ee0d825ca5b5.pdf 
PE investors say they place a heavy emphasis on adding value to their portfolio companies such as increasing revenue, improving incentives and governance, facilitating a highvalue exit or sale, making additional acquisitions, replacing management and reducing costs.
 
관련논문2: Metrick, A. & Yasuda, A. (2010).  The Economics of Private Equity Funds.  The Society for Financial Studies.  Oxford University Press. 
http://gsm.ucdavis.edu/sites/main/files/file-attachments/metrickyasuda2010.pdf   (벤처캐피탈보다 바이아웃펀드가 낫다는 내용)
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