• Ingen resultater fundet

Aczel, A. D., Sounderpandian, J., & Patille, L. (2006). Student problem solving guide for use with complete business statistics. McGraw-Hill, Irwin.

Amihud, Y., Mendelson, H., & Pedersen, L. H. (2006). Liquidity and asset prices. Foundations and Trends® in Finance 1.4, s. 269-364.

Ammann, M., & Moerth, P. (2005). Impact of fund size on hedge fund performance. Journal of Asset Management 6.3, s. 219-238.

Andersen, I. (2014). Den Skinbarlige Virkelighed, 5. udgave. Frederiksberg: Samfundslitteratur.

Axcel. (2019). http://uk.axcel.dk. Hentet fra Overview of Funds: http://uk.axcel.dk/funds/overview/

Axelson, U., Strömberg, P., & Weisbach, M. S. (19. Juli 2009). Why Are Buyouts Levered? The Financial Structure of Private Equity Funds. The Journal of Finanace.

Bain & Company. (2018). Global Private Equity. Boston: Bain & Company.

Barber, B. M., & Yasuda, A. (2017). Interim fund performance and fundraising in private equity.

Journal of Financial Economics 124.1, s. 172-194.

Bernstein, S., & Sheen, A. (1. September 2016). The Operational Consequences of Private Equity Buyouts: Evidence from the Restaurant Industry. The Review of Financial Studies, Volume 29, Issue 9, s. 2387-2418.

Bhagat, S. (2014). Why do venture capitalists use such high discount rates? The Journal of Risk Finance, Vol. 15 Issue: 1, s. 94-98.

Bloom, N., Sadun, R., & Reenen, J. V. (2012). Americans Do IT Better: US Multinationals and the Productivity Miracle. American Economic Review 2012, 102(1), s. 167-201.

Boucly, Q., Sraer, D., & Thesmar, D. (2. Juli 2011). Growth LBOs. Journal of Financial Economics 102 (2011), s. 432-453.

Braun, R., Jenkinson, T., & Stoff, I. (2017). How persistent is private equity performance?

Evidence from deal-level data. Journal of Financial Economics 123.2, s. 273-291.

Brealey, R. A., Myers, S. C., & Allen, F. (2011). Principles of Corporate Finance Tenth Edition.

New York: McGraw-Hill Education - Europe.

Brown, G. W., Gredil, O., & Kaplan, S. N. (2016). Do private equity funds manipulate returns?

NBER Working Paper 22493, National Bureau of Economic Research.

Bryman, A., & Bell, E. (2012). Social Research Methods. New York: Oxford University Press.

Busse, J. A., C. T., Jiang, L., & Tang, Y. (2014). How does size affect mutual fund performance?

Evidence from mutual fund trades. . Unpublished manuscript. Hentet fra: http://www.

ckgsb. edu. cn/uploads/201409/paper% 20of% 20Prof, 20.

BVCA. (2015). Private Equity Performance Measurement. London: BVCA.

Chen, H., Gompers, P., Kovner, A., & Lerner, J. (2009). Buy local? The geography of venture capital. Journal of Urban Economics, 67(1), s. 90-102.

Chen, J., Hong, H., Huang, M., Kubik, & D., J. (2004). Does fund size erode mutual fund

performance? The role of liquidity and organization. American Economic Review 94.5, s.

1276-1302.

Close, J. (8. August 2014). Nasdaq. Hentet fra Market Intelligence Center:

https://www.nasdaq.com/article/yes-monkey-stock-pickers-really-do-beat-fund-managers-and-the-sp-500-cm378329

Cochrane, J. (2005). The risk and return to venture capital. Journal of Financial Economics 75, s. 3-52.

Cumming, D., Siegel, D. S., & Wright, M. (2007). Private equity, leveraged buyouts and governance. Journal of Corporate Finance 13.4, s. 439-460.

Damodaran, A. (2009). Valuing Young, Start-up and Growth Companies: Estimation Issues and Valuation Challenges. New York: Stern School of Business.

Darmer, P., & Nygaard, C. (2005). Paradigmetænkning (og dens begrænsning).

Samfundsvidenskabelige analysemetoder, s. 21-44.

Davis, S. J., Haltiwanger, J. C., Handley, K., Jarmin, R. S., Lerner, J., & Miranda, J. (2013). Private Equity, Jobs, and Productivity. Massachusetts: National Bureau of Economic Research.

Døskeland, T. M., & Strömberg, P. (2018). Evaluating Investments in Unlisted Equity For The Norwegian Government Pension Fund Global (GPFG). Oslo: The Norwegian Government.

DiMaggio, P. J., & Powell, W. W. (1991). The New Institutionalism. Chicago: University of Chicago Press.

Driessen, J., Lin, T.-C., & Phalippou, L. (2012). A new method to estimate risk and return of non-traded assets from cash flows: The case of private equity funds. Journal of Financial and Quantitative Analysis 47(3), s. 464-487.

DVCA. (2017). Kapitalfonde i 2016/2017. København: Rosendahls.

Edgerton, J. (2012). Agency Problems in Public Firms: Evidence from Corporate Jets in Leveraged Buyouts. Federal Reserve Board.

Eling, M., & Faust, R. (2010). The performance of hedge funds and mutual funds in emerging markets. Journal of Banking & Finance 34.8, s. 1993-2009.

Episcope, M. (2018). The Comprenhensive Guide to Invest in Private Real Estate. Chicago: Origin Investments.

EQT. (2019). EQT. Hentet fra Active Funds: https://www.eqtpartners.com/Funds/Active-Funds/

EQT. (19. april 2019). EQT VII. Hentet fra EQT Partners:

https://www.eqtpartners.com/Funds/Active-Funds/eqt-vii/

Espinoza, J., & Jenkins, P. (2019). Bain boss warns over private equity debt levels. Financial Times.

Evestment. (2. Maj 2018). Evestment Private Markets. Hentet fra Assessing Alpha in Private Equity Returns with Public Market Equivalent Analysis:

https://www.evestment.com/privatemarkets/blog/assessing-alpha-in-private-equity-returns-with-public-market-equivalent-analysis/

Ewens, M., Jones, C. M., & Rhodes-Kropf, M. (2013). The price of diversifiable risk in venture capital and private equity. The Review of Financial Studies, 26(8), s. 1854-1889.

Finans Danmark. (2018). Hvad er indirekte handelsomkostninger? København: Finans Danmark.

Finansforeningen. (2018). CFA Society Denmark. Hentet fra www.cfa.dk:

https://cfa.dk/activities/alternative-investeringer-netvaerksmode/

Finanstilsynet. (2013). Finanstilsynet. Hentet fra Bestyrelser styrkes efter nye krav:

https://www.finanstilsynet.dk/Nyheder-og-Presse/Pressemeddelelser/Arkiv/Presse-2013/Bestyrelser-styrkes-efter-nye-krav

Finanstilsynet. (2018). Vejledning om alternative investeringer og gode investeringsprocesser i lyset af prudent person-princippet. København: Finanstilsynet.

Forsikring & Pension. (2014). www.forsikringogpension.dk. Hentet fra Alternative Investeringer:

https://www.forsikringogpension.dk/media/2336/alternative_investeringer_liv_og_pension-finanstilsynet.pdf

Forsikring & Pension. (2018). Investeringspolitisk redegørelse.

Forsikring & Pension. (2018). Retningslinjer for best practice for efterlevelse af prudent person princippet. Hellerup: Forsikring & Pension.

Forsikring & Pension. (2019). Forsikring & Pension. Hentet fra Pensionsformuen fordelt på de institutionelle investorer:

http://info.forsikringogpension.dk/presse/Statistik_og_Analyse/statistik/pension/formuer/Sid er/Pensionsformue_investor.aspx

Friedman, M. (13. September 1970). The Social Responsibility of Business is to Increase its Profits.

The New York Times Magazine .

Froud, J., & Williams, K. (2007). Private equity and the culture of value extraction. New Political Economy 12.3, s. 405-420.

FSN Capital. (2019). FSN Capital. Hentet fra Funds: https://fsncapital.com/investments/funds/

Guba, E. (1990). The Alternative Paradigm Dialog. The Paradigm Dialog, s. 17-27.

Harris, R. S., Jenkinson, T., & Kaplan, S. N. (2014). Private equity performance: What do we know? The Journal of Finance 69.5, s. 1851-1882.

Harris, R. S., Jenkinson, T., & Kaplan, S. N. (2015). How do private equity investments perform compared to public equity?

Heldbjerg, G. (1997). Grøftegravning i metodisk perspektiv: et videnskabsteoretisk og metodologisk overblik. Samfundslitteratur.

Hentov, E., Petrov, A., & Odedra, S. (2018). How do Public Pension Funds invest? Boston: State Street Global Advisors.

Higson, C., & Stucke, R. (2. Maj 2012). The Performance of Private Equity.

Houmann, A. L. (2019). 2018 gav ringeste pensionsafkast siden finanskrisen. Finanswatch.

Jegadeesh, N., Pollet, J. M., & Kräussl, R. (2015). Risk and expected returns of private equity investments: Evidence based on market prices. Review of Financial Studies 28 (12), s. 3269-3302.

Jenkinson, T., Harris, R., & Kaplan, S. (2016). How do private equity investments perform compared to public equity? Journal of Investment Management 14.3, s. 1-24.

Jenkinson, T., Sousa, M., & Stucke, R. (2013). How fair are the valuations of private equity funds?

SSRN.

Jensen, H., & Alsen, M. (2018). Kapitalfonde køber stort op i København: Der tegner sig et billede af et selskab, der er ret aggressivt. Berlingske Ejendomme.

Jensen, M. C. (Maj 1986). Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers.

American Economic Association, s. 323-329.

Jensen, M. C. (September 1989). Eclipse of the Public Corporation. Harvard Business Review, s.

61-74.

Kaplan, S. N., & Schoar, A. (2005). Private equity performance: Returns, persistence, and capital flows. The journal of finance 60.4, s. 1791-1823.

Kjær, P. (2006). Institutionel teori til analyse af strategizing. Frederiksberg: Samfundslitteratur.

Ljungqvist, A., & Richardson, M. (2003). The cash flow, return and risk characteristics of private equity. Cambridge: National Bureau of Economic Research.

Long, A. M., & Nickels, C. J. (1996). A private investment benchmark. Working paper.

Malkiel, B. G., & Fama, E. F. (1970). Efficient capital markets: A review of theory and empirical work. The journal of Finance, s. 383-417.

Markowitz, H. (1952). Portfolio selection. The journal of finance 7.1, s. 77-91.

McKinsey. (2017). Equity investmenets in unlisted companies. Report for the Norweigan Ministry of Finance.

Mendoza, C. (December. 21 2018). 2018 in Asia: The rise and rise of mega-funds. Private Equity International.

MSCI. (2019). MSCI World Index. Hentet fra

https://www.msci.com/world?fbclid=IwAR3606VRwXExeXvT9Ks5Y6ltkZXaCZL0VxsatF hbJJlvOrVA-Mj1iTXeMG0

Munk, C. (2017). Financial Markets and Investments. Frederiksberg: Copenhagen Business School.

Nordic Capital. (2019). Nordic Capital. Hentet fra Overview of funds and vehicles:

https://www.nordiccapital.com/funds-vehicles/overview-of-funds-and-vehicles/

Norges Bank Investment Management. (2019). Nbim. Hentet fra The fund's market value:

https://www.nbim.no/

NREP. (22. Maj 2018). www.ipe.com. Hentet fra NREP sets up €900m fund to target underserved real estate in the Nordics: https://www.ipe.com/news/nrep-sets-up-900m-fund-to-target- underserved-real-estate-in-the-nordics/realassets.ipe.com/news/nrep-sets-up-900m-fund-to-target-underserved-real-estate-in-the-nordics/10024824.fullarticle

Nygaard, C. (2006). Interessentteori og ressourceafhængighedsteori til analyse af strategizing.

Institut for Organisation , s. 181-222.

Olsen, B. P., & Pedersen, K. (2003). Problemorienteret projektarbejde. Frederiksberg:

Samfundslitteratur.

Olsson, M., & Tåg, J. (2015). Private Equity, Layoffs, and Job Polarization. Stockholm: Research Institute of Industrial Economics .

Opler, T., & Titman, S. (1993). The determinants of leveraged buyout activity: Free cash flow vs.

financial distress costs. The Journal of Finance, 48(5), s. 1985-1999.

Pastor, L., & Stambaugh, R. F. (2012). On The Size of The Active Management Industry.

Massachusetts: National Bureau of Economic Research.

Petersen, C., Plenborg, T., & Schøler, F. (2006). Hvordan værdiansættes unoterede virksomheder i praksis? Ledelse & erhvervsøkonomi 70.3, s. 157-172.

PFA. (2019). Årsrapport 2018. København: PFA.

Phalippou, L. (2010). Venture capital funds: Flow-performance relationship and performance persistence. Journal of Banking & Finance 34.3, s. 568-577.

Plesner, M. (2018). Danica Pension forventer bedre afkast næste år. Finanswatch.

Preqin. (2014). Investor Outlook: Alternative Assets H2 2014. Preqin.

Preqin. (13. Marts 2019). Global Data Coverage. Hentet fra Preqin:

http://docs.preqin.com/reports/preqin-global-data-coverage.pdf

Preqin. (2019). Investor Outlook: Alternative Assets H1 2019. London: Preqin.

Private Equity International. (18. December 2018). www.privateequityinternational.com. Hentet fra:

https://www.privateequityinternational.com/lps-consider-fair-management-fee/

Prowse, S. D. (1998). The economics of the private equity market. Economic Review-Federal Reserve Bank of Dallas, s. 21-34.

Rasmussen, P. N. (4. April 2008). Taming the Private Equity “Locusts”. Project Syndicate.

Rendtorff, J. D. (2007). Case-studier. I L. Fuglsang, P. Hagedorn-Rasmussen, & P. Bitsch Olsen.

Teknikker i samfundsvidenskaberne, s. 242-260.

Robinson, D. T., & Sensoy, B. A. (2011). Private equity in the 21st century: Liquidity, cash flows, and performance from 1984-2010. NBER Working Paper 17428.

Rouvinez, C. (2003). Private equity benchmarking with PME+. Venture Capital Journal 43.8, s. 34-39.

Savage, G. T., Nix, T. W., Whitehead, C. J., & Blair, J. D. (Maj 1991). Strategies for Assessing and Managing Organizational Stakeholders. Academy of Management Executive 5(2), s. 61-75.

Sørensen, M. (November 2018). Overview of Private Equity. PowerPoint - Private Equity and Venture Capital, tilgået via www.learn.cbs.dk. Frederiksberg, Denmark: Copenhagen Business School.

Sørensen, M., & Jagannathan, R. (2013). The Public Market Equivalent and Private Equity Performance. Network for Studies on Pensions, Aging and Retirement.

Sørensen, M., & Korteweg, A. (2010). Risk and Return Characteristics of Venture Capital-backed Entrepreneurial Companies. Review of Financial Studies 23, s. 3738-3772.

Sørensen, M., Lerner, J., & Strömberg, P. (2012). Private Equity and Long-Run Investment: The Case of Innovation. Massachusetts: National Bureau of Economic Research.

Sørensen, M., Wang, N., & Yang, J. (2014). Valuing private equity. The Review of Financial Studies 27.7, s. 1977-2021.

Sharpe, W. F. (1964). Capital asset prices: A theory of market equilibrium under conditions of risk.

The journal of finance 19.3, s. 425-442.

Sharpe, W. F. (1966). Mutual fund performance. The Journal of business, 39(1), s. 119-138.

Shleifer, A., & Lawrence, S. H. (1988). Breach of Trust In Hostrile Takeovers. Massachusetts:

National Bureau of Economic Research.

Standard & Poor's. (2019). S&P Global. Hentet fra:

https://www.standardandpoors.com/en_US/web/guest/home

Statstidende. (26. april 2019). www.statstidende.dk. Hentet fra Konkursboer, Indkaldelse til fordringsprøvelse: https://www.statstidende.dk/messages/S24042019-195

Stock, J. H., & Watson, M. W. (2015). Introduction to Econometrics. Essex: Pearson Education Limited.

Strömberg, P., & Døskeland, T. M. (22. september 2018). Evaluating Investments in Unlisted Equity For The Norwegian Government Pension Fund Global (GPFG). Oslo: The Norwegian Government.

Strömberg, P., & Kaplan, S. N. (2009). Leveraged Buyouts and Private Equity. Journal of Economics Perspectives 23 (1), s. 121-146.

Stucke, R., Griffiths, B. E., & Charles, I. H. (2014). An ABC of PME. Landmark Partners Private Equity Brief.

Styrelsen for Arbejdsmarked og Rekruttering. (13. Maj 2016). Anbefaling fra

Implementeringsrådet: Forsikringsselskabers investeringsregler i Lov om finansiel virksomhed - prudent person-princippet. Hentet fra: https://star.dk: https://star.dk/om- styrelsen/raad/implementeringsraadet/indsatsomraader/2016/moede-2/anbefaling-130516- forsikringsselskabers-investeringsregler-i-lov-om-finnsiel-virksomhed-prudent-person-pricippet-nabotjek/

Tomperi, I. (2010). Performance of private equity real estate funds. Journal of European Real Estate Research, Vol. 3 Issue: 2, s. 96-116.

Vorre, N. (2018). Finansdirektør hørte om Hesalight-aftaler for 600 mio - men så dem aldrig.

Børsen.

Wermers, R. (2011). Performance measurement of mutual funds, hedge funds, and institutional accounts. Annu. Rev. Financ. Econ., 3(1), s. 537-574.

Wright, M., Bacon, N., & Ball, E. R. (Februar 2013). Private Equity: Managerial and Policy Implications. Academy of Management Executive 27(1), s. 1-6.

Yale. (2019). Yale News. Hentet fra: Investment return of 12.3% brings Yale endowment value to

$29.4 billion: https://news.yale.edu/2018/10/01/investment-return-123-brings-yale-

endowment-value-294- billion?fbclid=IwAR2UzyIiwQ9xcz4efqF_u20YAQL2JMAcb2_njkTIIx1WMFP-XGze5WZdf9U

Zimmerman, D. W. (2004). A note on preliminary tests of equality of variances. British Journal of Mathematical and Statistical Psychology, s. 173–181.

RELATEREDE DOKUMENTER