Financial crisis and private equity performance in France

Amel Sahli and Sabrina Khemiri

International Journal of Entrepreneurship and Small Business, 2020, vol. 39, issue 1/2, 279-294

Abstract: This study aims at analysing the performance of the private equity industry in France taking into account the financial subprime crisis. Based on a sample of 339 private equity funds, the results show that the financial crisis negatively and significantly impacted the performance of private equity funds. Development capital funds and buy-out funds experienced a significant decline in their performance after the crisis. Results show a better resilience of small funds in comparison to larger ones. The bigger funds suffered from a severe drop in their performance after the beginning of the financial crisis.

Keywords: financial crisis; private equity; performance; internal rate of return; IRR; France. (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijesbu:v:39:y:2020:i:1/2:p:279-294

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