DocumentCode :
1643315
Title :
Belief Function model of private equity fund performance measurement
Author :
Xinsheng, Duan
Author_Institution :
School of Accounting Capital University of Economics and Business Beijing, P.R. China 100070
fYear :
2011
Firstpage :
1
Lastpage :
4
Abstract :
This article applies Dempster-Shafer evidence theory to probe the private equity fund performance evaluation issues, get the Belief Function model to evaluate the performance of a private equity fund. This article does not intend to discuss the relevance and completeness of indicators, nor does it intend to submit other views and ideas. This article firstly assumes that the performance measurement system had already been established, and then discusses the problem how to quantify these indicators (including qualitative indicators and quantitative indicators) by scoring or other appropriate methods. Next all of the scores will be combined based on the theory of Belief Function to get a comprehensive performance measurement indicator. The final indicator can be used to fund ranking. It is expected that this ranking is more objective and more comprehensive than the one based on a single indicator, such as IRR. In addition, the indicator, as well as the method discussed in this article has a great reference value to help the institutional investors to choose the fund. In the PE firm, the indicator can be used as a benchmark for the performance measurement of fund managers or investment managers. Finally, the indicator is also helpful for the government regulators and industry associations to understand PE funds.
Keywords :
Industries; Investments; Performance evaluation; Portfolios; Probability; Venture capital; Belief Function; Performance Measurement; Private Equity Fund; Quantitative Analysis;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
E -Business and E -Government (ICEE), 2011 International Conference on
Conference_Location :
Shanghai, China
Print_ISBN :
978-1-4244-8691-5
Type :
conf
DOI :
10.1109/ICEBEG.2011.5881987
Filename :
5881987
Link To Document :
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