Private equity, disclosure quality, and audit quality
I study the influence of disclosure/audit quality on private equity funds’ investment decisions, and the relationship between private equity ownership and disclosure/audit quality. Using Preqin and FAME data, I find that PE funds are more likely to invest in firms with superior financial statement t...
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| Materialtyp: | Lärdomsprov |
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Massachusetts Institute of Technology
2022
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| Länkar: | https://hdl.handle.net/1721.1/139947 |
| Sammanfattning: | I study the influence of disclosure/audit quality on private equity funds’ investment decisions, and the relationship between private equity ownership and disclosure/audit quality. Using Preqin and FAME data, I find that PE funds are more likely to invest in firms with superior financial statement transparency (disclosure quality) and in firms that employ big 4 auditors (audit quality). Conversely, I find that PE ownership is associated with audit quality, but not for disclosure quality. |
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