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dc.creatorGil-Alana, L.A. (Luis A.)-
dc.creatorPuertolas-Montanes, F. (Francisco)-
dc.date.accessioned2023-12-19T13:28:57Z-
dc.date.available2023-12-19T13:28:57Z-
dc.date.issued2023-
dc.identifier.citationGil-Alana, L.A. (Luis A.); Puertolas-Montanes, F. (Francisco). "Profitability of private equity: mean reversion and transitory shocks". Journal of Economics and Finance. 47, 2023, 458 - 471es_ES
dc.identifier.issn1938-9744-
dc.identifier.urihttps://hdl.handle.net/10171/68111-
dc.description.abstractThis paper deals with the analysis of the statistical properties of the profitability yielded by Private Equity from a fractionally integrated viewpoint. Using quarterly data from 1981q2 to 2021q3, the results support the hypothesis of stationarity and mean reversion in all cases; however, we observe differences in the degree of persistence across regions, Europe being the closest to short memory while the US shows the highest degree of long range dependence and thus the longer lasting effects of shocks. Some policy recommendations of the results obtained are included at the end of the manuscript.es_ES
dc.description.sponsorshipProf. Luis A. Gil-Alana gratefully acknowledges financial support from the MINEIC-AEI-FEDER PID2020-113691RB-I00 project from ‘Ministerio de Economía, Industria y Competitividad’ (MINEIC), ‘Agencia Estatal de Investigación’ (AEI) Spain and ‘Fondo Europeo de Desarrollo Regional’ (FEDER), and also from Internal Projects of the Universidad Francisco de Vitoria. Open Access funding provided thanks to the CRUE-CSIC agreement with Springer Nature.es_ES
dc.language.isoenges_ES
dc.publisherSpringeres_ES
dc.relationinfo:eu-repo/grantAgreement/AEI/Proyectos I+D/PID2020-113691RB-I00/[ES]/INTEGRACION FRACCIONAL: AVANCES TEORICOS Y DESARROLLOS EMPIRICOSes_ES
dc.rightsinfo:eu-repo/semantics/openAccesses_ES
dc.subjectProfitses_ES
dc.subjectLong memoryes_ES
dc.subjectFractional integrationes_ES
dc.subjectEuropees_ES
dc.subjectShockses_ES
dc.titleProfitability of private equity: mean reversion and transitory shockses_ES
dc.typeinfo:eu-repo/semantics/articlees_ES
dc.description.noteThis article is licensed under a Creative Commons Attribution 4.0 International Licensees_ES
dc.identifier.doi10.1007/s12197-022-09606-7-
dadun.citation.endingPage471es_ES
dadun.citation.publicationNameJournal of Economics and Financees_ES
dadun.citation.startingPage458es_ES
dadun.citation.volume47es_ES

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