In this talk, Per Strömberg will present a simple economic framework for understanding the economic role of private equity. 

The framework helps answer questions such as:

• Why would private equity ownership improve firm performance?
• If PE is so superior, why are not all firms PE-owned?
• Why don’t other owners and firms implement the same techniques as PE-owners do?
• Can PE returns consistently outperform public equity markets?
• Why is PE activity so cyclical?

Speaker: Per Strömberg (Stockholm School of Economics)

Chair: Ulf Axelson (London School of Economics)