This paper finds noninterest income is positively correlated with the total systemic risk for US
banks. Decomposing total systemic risk into three components, we find that noninterest …

As private equity's financial heft and influence on the business landscape has intensified, so
too has scholarly interest in the phenomenon. We review recent progress in private equity …

We examine thousands of US private equity (PE) buyouts from 1980 to 2013, a period that
saw huge swings in credit market tightness and GDP growth. Our results show striking …

This paper provides a novel interpretation of the factors leading to low performance in
venture capital (VC) markets. By using human and social capital perspectives, we …

We investigate the patterns and performance of banks' investments in fintech ventures in the
United States. We document that banks, as compared to independent venture capitalists …

Academic research on private equity (PE) has been concerned with the management of PE
funds, the returns to investors from investments in PE relative to the returns available in …

This paper investigates the role of private equity (PE) in failed bank resolutions after the
2008 financial crisis, using proprietary FDIC failed bank acquisition data. PE investors made …

This paper explores how affiliation to financial conglomerates affects asset managers'
access to capital, risk taking, and performance. Focusing on a sample of hedge funds, we …

As used in this chapter, mergers and acquisitions (M&A) consist of deliberate transfers of
control and ownership of businesses organized in one or more corporations. 2 M&A …

Notwithstanding the considerable attention private equity receives, there continues to be
substantial confusion about w Page 1 PRIVATE EQUITY FIRMS AS GATEKEEPERS PRIVATE …