國立虎尾科技大學 |

Valuation Smoothing and the Value of a Dollar.

Record Type:	Language materials, manuscript : Monograph/item
Title/Author:	Valuation Smoothing and the Value of a Dollar./
Author:	Kieser, William P.
Description:	1 online resource (114 pages)
Notes:	Source: Dissertations Abstracts International, Volume: 82-03, Section: A.
Contained By:	Dissertations Abstracts International82-03A.
Subject:	Finance. -
Online resource:	click for full text (PQDT)
ISBN:	9798672119861

Valuation Smoothing and the Value of a Dollar.
Kieser, William P.

Valuation Smoothing and the Value of a Dollar. - 1 online resource (114 pages)

Source: Dissertations Abstracts International, Volume: 82-03, Section: A.

Thesis (Ph.D.)--University of Georgia, 2020.

Includes bibliographical references

This dissertation is concerned with valuation smoothing and investor preferences for smoothed returns. I estimate the marginal value of cash to private equity funds and compare it to public firms. The equity of small capitalization and value firms is smoother than other public firms, consistent with the value premium, and displays a similar present value relationship to buyout funds. Better performing private equity partnerships tend to smooth more and have a higher likelihood of raising follow-on funds. These results suggest that investors like it smooth, which hints at a potential role for smoothed portfolios of publicly traded securities that feature delays in marking to market.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2024

Mode of access: World Wide Web

ISBN: 9798672119861Subjects--Topical Terms:

559073
Finance.
Subjects--Index Terms:

Fair ValueIndex Terms--Genre/Form:

554714
Electronic books.

Valuation Smoothing and the Value of a Dollar.
LDR:02006ntm a22003737 4500 001 1149004
005 20240930130025.5
006 m o d
007 cr bn ---uuuuu
008 250605s2020 xx obm 000 0 eng d
020 $a 9798672119861
035 $a (MiAaPQ)AAI28023534
035 $a AAI28023534
040 $a MiAaPQ $b eng $c MiAaPQ $d NTU
100 1 $a Kieser, William P. $3 1475117
245 1 0 $a Valuation Smoothing and the Value of a Dollar.
264 0 $c 2020
300 $a 1 online resource (114 pages)
336 $a text $b txt $2 rdacontent
337 $a computer $b c $2 rdamedia
338 $a online resource $b cr $2 rdacarrier
500 $a Source: Dissertations Abstracts International, Volume: 82-03, Section: A.
500 $a Advisor: Netter, Jeffry M.;Poulsen, Annette B.
502 $a Thesis (Ph.D.)--University of Georgia, 2020.
504 $a Includes bibliographical references
520 $a This dissertation is concerned with valuation smoothing and investor preferences for smoothed returns. I estimate the marginal value of cash to private equity funds and compare it to public firms. The equity of small capitalization and value firms is smoother than other public firms, consistent with the value premium, and displays a similar present value relationship to buyout funds. Better performing private equity partnerships tend to smooth more and have a higher likelihood of raising follow-on funds. These results suggest that investors like it smooth, which hints at a potential role for smoothed portfolios of publicly traded securities that feature delays in marking to market.
533 $a Electronic reproduction. $b Ann Arbor, Mich. : $c ProQuest, $d 2024
538 $a Mode of access: World Wide Web
650 4 $a Finance. $3 559073
653 $a Fair Value
653 $a Leveraged Buyouts
653 $a Private Equity
653 $a Valuation Smoothing
653 $a Value Premium
655 7 $a Electronic books. $2 local $3 554714
690 $a 0508
710 2 $a ProQuest Information and Learning Co. $3 1178819
710 2 $a University of Georgia. $b Business Administration - PHD. $3 1466194
773 0 $t Dissertations Abstracts International $g 82-03A.
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=28023534 $z click for full text (PQDT)