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Exploring agency risks and governance between institutional investors and fund managers in private equity
Dissertation (MBA)--University of Pretoria, 2012.
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| Format: | Thesis |
| Language: | English |
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University of Pretoria
2013
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| _version_ | 1867613516195692544 |
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| access_status_str | Open Access |
| author2 | Collyer, Shaun |
| author_browse | Collyer, Shaun |
| author_facet | Collyer, Shaun |
| collection | Thesis |
| dc_rights_str_mv | © 2012 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. |
| description | Dissertation (MBA)--University of Pretoria, 2012. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/30638 |
| institution | University of Pretoria (South Africa) |
| language | English |
| last_indexed | 2026-06-10T12:37:23.306Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2013 |
| publishDateRange | 2013 |
| publishDateSort | 2013 |
| publisher | University of Pretoria |
| publisherStr | University of Pretoria |
| record_format | dspace |
| source_str | UPSpace — University of Pretoria Institutional Repository |
| spelling | oai:repository.up.ac.za:2263/30638 Exploring agency risks and governance between institutional investors and fund managers in private equity Collyer, Shaun ichelp@gibs.co.za Naidoo, Geshie UCTD Private equity Development Finance Institution (DFI) Agency theory Agency conflicts Dissertation (MBA)--University of Pretoria, 2012. In this study, the relationship between Fund Managers and Investors in private equity is explored. This relationship is fairly under-researched in the literature, and the purpose of this research was to launch an exploratory study intended to motivate future research in this field. The study was predicated upon a structured framework established using Agency Theory as a theoretical basis to conceptualise the underlying relationship. Agency Theory was used to formulate key themes upon which to structure and research key areas of the agency relationship. These were: selection; alignment of interest, governance mechanisms and agency conflicts. The research design was incorporated in the context of a Development Finance Institution as a single-case study, with six private equity funds as multiple embedded units within the context. In particular, the relationship was explored to understand how investors and fund manager of private equity are selected; how alignment of interests are achieved through incentive structures and partnership agreements; how agency conflicts manifest, and how decisions are made via key governance structures in the Fund. Furthermore, a number of agency predictions were validated in the context of the relationship. Gordon Institute of Business Science Restricted 2013-09-09T07:20:43Z 2013-04-29 2013-09-09T07:20:43Z 2013-04-25 2012-11-07 2013-02-24 Dissertation Naidoo, G 2012, Exploring agency risks and governance between institutional investors and fund managers in private equity, MBA dissertation, University of Pretoria, Pretoria, viewed yymmdd < http://upetd.up.ac.za/thesis/available/etd-02242013-102451/ > F13/4/236/zw http://hdl.handle.net/2263/30638 http://upetd.up.ac.za/thesis/available/etd-02242013-102451/ en © 2012 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. application/pdf University of Pretoria |
| spellingShingle | UCTD Private equity Development Finance Institution (DFI) Agency theory Agency conflicts Exploring agency risks and governance between institutional investors and fund managers in private equity |
| title | Exploring agency risks and governance between institutional investors and fund managers in private equity |
| title_full | Exploring agency risks and governance between institutional investors and fund managers in private equity |
| title_fullStr | Exploring agency risks and governance between institutional investors and fund managers in private equity |
| title_full_unstemmed | Exploring agency risks and governance between institutional investors and fund managers in private equity |
| title_short | Exploring agency risks and governance between institutional investors and fund managers in private equity |
| title_sort | exploring agency risks and governance between institutional investors and fund managers in private equity |
| topic | UCTD Private equity Development Finance Institution (DFI) Agency theory Agency conflicts |
| url | http://hdl.handle.net/2263/30638 http://upetd.up.ac.za/thesis/available/etd-02242013-102451/ |