The primary factors driving the remarkable growth of private equity have been the industry’s attractive and stable returns …
Incentives
The Growing Blessing of Unicorns: The Changing Nature of the...
The past 15 years have seen the emergence of large infusions of private capital at levels previously accessible …
Board 3.0: What the Private-Equity Governance Model Can Offer Public...
The authors view board structures as an adaptive institution that responds to the key challenges faced by public …
Private Equity: Accomplishments and Challenges
The authors provide an overview of the main accomplishments of private equity since the emergence of leveraged buyouts …
Attracting Long-Term Shareholders
Corporate CEOs often say they don’t hear enough from shareholders about strategic issues related to long-term value creation. …
Morgan Stanley Roundtable on Capital Structure and Payout Policy
A group of distinguished finance academics and practitioners discuss a number of topical issues in corporate financial management: …
Using Organizational Architecture to Lead Change
Effective leadership involves more than developing and communicating the right strategic vision for the company. To encourage employees …
Transfer Pricing and the Control of Internal Corporate Transactions
One potential weakness of all divisional profitability schemes is their inability to capture synergies among business units. One …
The Economics of Organizational Architecture
Drawing on the work of Michael Jensen and William Meckling, the co-formulators of “agency cost theory,” the authors …
University of Rochester Roundtable on Bailout vs. Bankruptcy: The Case...
In an event staged at Rochester’s Geva Theatre in the midst of the global financial crisis in 2009, …