Should Investors Care Where Private Equity Managers Went To School?

Item Type Monograph (Working Paper)
Abstract

In this paper, we investigate whether the educational background of private equity managers, which represents an important part of their human capital, impacts fund performance. In particular, we explore three potential channels how the educational background may influence fund performance: (i) institutional quality, (ii) individual performance, and (iii) academic variety. We find that a combination of top-tier education and work experience identifies individual performance in the management team. In addition, academic variety, in particular among graduates of high-ranked universities, rather than uniform institutional quality, is an important return driver.

Authors Fuchs, Florian; Füss, Roland; Jenkinson, Tim & Morkötter, Stefan
Language English
Subjects business studies
economics
finance
HSG Classification contribution to scientific community
Date January 2018
Publisher SoF-HSG
Place of Publication University of St.Gallen
Series Name School of Finance Working Paper Series
Number 2018/6
Number of Pages 43
Depositing User Beatrix Kobelt-Glock
Date Deposited 17 Jul 2018 11:36
Last Modified 17 Jul 2018 11:36
URI: https://www.alexandria.unisg.ch/publications/254709

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Citation

Fuchs, Florian; Füss, Roland; Jenkinson, Tim & Morkötter, Stefan: Should Investors Care Where Private Equity Managers Went To School? School of Finance Working Paper Series, 2018, 2018/6.

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https://www.alexandria.unisg.ch/id/eprint/254709
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