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dc.contributor.authorHeesch, Lukas Van
dc.contributor.authorUeland, Jon Melhus
dc.date.accessioned2019-10-16T13:17:18Z
dc.date.available2019-10-16T13:17:18Z
dc.date.issued2019
dc.identifier.urihttp://hdl.handle.net/11250/2622603
dc.descriptionMasteroppgave(MSc) in Master of Science in Finance - Handelshøyskolen BI, 2019nb_NO
dc.description.abstractThis study investigates the differences between foreign- and domestic private equity investments and identifies that factors explain these differences. We used a unique dataset acquired from Bloomberg, analyzing 700 deals from the timeframe 1981-2019. Further, we analyzed which factors influence the return and which only impacts the choice of country to invest. We found evidence that foreign investments yield higher returns than domestic investments because of the inclusion of a risk premium and that bilateral trust, taxes and specialized investors are the main drivers. Furthermore, we did not find any statistical significance for geographical or cultural distance, which was believed to be some of the most important drivers of return for foreign investments after conducting literature review. Lastly, we find evidence that during recessions holding period and strong governments are key factors for higher returns.nb_NO
dc.language.isoengnb_NO
dc.publisherHandelshøyskolen BInb_NO
dc.subjectfinansnb_NO
dc.subjectfinancenb_NO
dc.subjectfinancial economicsnb_NO
dc.titleForeign versus domestic buy-outs: evidence from returns of private equitynb_NO
dc.typeMaster thesisnb_NO


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