Journal of

Marketing Development and Competitiveness

Scholar Gateway

Abstracts prior to volume 5(1) have been archived!

Issue 5(1), October 2010 -- Paper Abstracts

Girard  (p. 9-22)

Cooper (p. 23-32)

Kunz-Osborne (p. 33-41)

Coulmas-Law (p.42-46)

Stasio (p. 47-56)

Albert-Valette-Florence (p.57-63)

Zhang-Rauch (p. 64-70)

Alam-Yasin (p. 71-78)

Mattare-Monahan-Shah (p. 79-94)

Nonis-Hudson-Hunt (p. 95-106)

JOURNAL OF ACCOUNTING AND FINANCE

Determining Private Equity Fund Risk: An Empirical

Study of Fund Characteristics

Author(s): Jan M. Smolarski, Jose G. Vega

Citation: Jan M. Smolarski, Jose G. Vega, (2013) "Determining Private Equity Fund Risk: An Empirical Study of Fund Characteristics," Journal of Accounting and Finance, Vol. 13, Iss. 1, pp. 35 - 44

Article Type: Research paper

Publisher: North American Business Press

Abstract:

Using a sample of European private equity funds, we investigate the effect of fund type and size on risk

using three two-way ANOVA models and two regression models. The main finding is that large buy-out

funds are the least risky of the fund types whereas medium-sized buy-out funds carry the most risk.

Venture capital funds are not as risky as smaller buy-out funds but riskier than large buy-out funds. Risk

increases as the size of a venture capital fund increases.