Earticle

초록

영어

This paper provides a comprehensive overview and synthesis of extensive domestic and international studies in the private equity market. It delves into encompassing a range of topics including performance, characteristics, risk management, the role within the financial system, and activism, pertaining to hedge funds. Additionally, it explores research focused on performance, GP and LP dynamics, portfolio company, and the legal and macroeconomic ramification, associated with private equity. Regrettably, the majority of the synthesized studies are a global nature, with the Korean literature predominantly centered around VCs due to limitation in data collection. By contrasting international and domestic studies, this paper draws forth significant implications for the Korean private equity market. These implications encompass various aspect, such as revisiting hedge regulations, the reinforcement of hedge fund activism, a reevaluation of the GVC-centered venture capital industry policy, the amplification of VCs’ roles in the IPOs of their portfolio companies, and the exploration of methods to augment value within portfolio companies backed by PE funds.

목차

Abstract
Ⅰ. Introduction
Ⅱ. Private Capital Market
1. Global market
2. Korean market
Ⅲ. Hedge Funds
1. Performance
2. Hedge fund characteristics and performance
3. Risk taking and risk management
4. Role of hedge funds in the financial system
5. Activism
Ⅳ. Private Equity
1. Performance
2. GP
3. LP
4. Portfolio Companies
5. Legal and Macroeconomic effect
Ⅴ. Conclusion and Implication
References

키워드

저자

• Junesuh Yi [ Professor, Dongguk Business School, Dongguk University ] Corresponding Author

참고문헌

발행기관

간행물

표지보기 관심저널 등록

• 간행물명

  재무연구 [Asian Review of Financial Research]

• 간기

  계간

• pISSN

  1229-0351

• eISSN

  2713-6531

• 수록기간

  1988~2026

• 등재여부

  KCI 등재,SCOPUS

• 십진분류

  KDC 325 DDC 330