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 |
| _version_ | 1826210339209871360 |
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| author | Baik, Brian (Brian Kunho) |
| author2 | Verdi, Rodrigo S. |
| author_facet | Verdi, Rodrigo S. Baik, Brian (Brian Kunho) |
| author_sort | Baik, Brian (Brian Kunho) |
| collection | MIT |
| description | 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. |
| first_indexed | 2024-09-23T14:48:14Z |
| format | Thesis |
| id | mit-1721.1/139947 |
| institution | Massachusetts Institute of Technology |
| last_indexed | 2024-09-23T14:48:14Z |
| publishDate | 2022 |
| publisher | Massachusetts Institute of Technology |
| record_format | dspace |
| spelling | mit-1721.1/1399472022-12-07T16:10:49Z Private equity, disclosure quality, and audit quality Baik, Brian (Brian Kunho) Verdi, Rodrigo S. Sloan School of Management 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. S.M. 2022-02-07T15:14:30Z 2022-02-07T15:14:30Z 2021-09 2021-08-11T14:52:43.624Z Thesis https://hdl.handle.net/1721.1/139947 In Copyright - Educational Use Permitted Copyright MIT http://rightsstatements.org/page/InC-EDU/1.0/ application/pdf Massachusetts Institute of Technology |
| spellingShingle | Baik, Brian (Brian Kunho) Private equity, disclosure quality, and audit quality |
| title | Private equity, disclosure quality, and audit quality |
| title_full | Private equity, disclosure quality, and audit quality |
| title_fullStr | Private equity, disclosure quality, and audit quality |
| title_full_unstemmed | Private equity, disclosure quality, and audit quality |
| title_short | Private equity, disclosure quality, and audit quality |
| title_sort | private equity disclosure quality and audit quality |
| url | https://hdl.handle.net/1721.1/139947 |
| work_keys_str_mv | AT baikbrianbriankunho privateequitydisclosurequalityandauditquality |