{"id":5533,"date":"2025-10-10T11:21:07","date_gmt":"2025-10-10T02:21:07","guid":{"rendered":"https:\/\/www.waseda.jp\/fcom\/riba\/?p=5533"},"modified":"2025-12-12T10:38:56","modified_gmt":"2025-12-12T01:38:56","slug":"2025%e5%b9%b412%e6%9c%8815%e6%97%a5%e6%9c%88-%e3%81%ab%e7%94%a3%e7%a0%94%e8%ac%9b%e6%bc%94%e4%bc%9a%e3%80%8cwaseda-organizational-and-financial-economics-seminar-private-equity-investment-with-vo","status":"publish","type":"post","link":"https:\/\/www.waseda.jp\/fcom\/riba\/news\/5533","title":{"rendered":"2025\u5e7412\u670815\u65e5(\u6708) \u306b\u7523\u7814\u8b1b\u6f14\u4f1a\u300cWaseda Organizational and Financial Economics Seminar : Private Equity Investment with Voluntary Exit \u300d\u304c\u958b\u50ac\u3055\u308c\u307e\u3059\u3002"},"content":{"rendered":"

\u300cPrivate Equity Investment with Voluntary Exit \u300d\uff0a\u82f1\u8a9e\u3067\u306e\u3054\u5831\u544a<\/h3>\n
\n\n\n\n\n\n\n\n\n\n
\u65e5\u6642<\/th>\n2025\u5e7412\u670815\u65e5\uff08\u6708\uff0913:10\uff5e14:50<\/td>\n<\/tr>\n
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\u5bfe\u8c61<\/th>\n\u5b66\u751f\u30fb\u6559\u8077\u54e1\u30fb\u4e00\u822c<\/td>\n<\/tr>\n
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\u8981\u65e8<\/th>\n\n

We develop and calibrate a model in which the manager exits voluntarily from private equity investment. The manager considers the trade-off between revenues before, upon, and after the exit, including indirect pay for performance. Exit events reveal the manager\u2019s preference for these revenues. The estimated amount of indirect revenue after the exit is significant. Our model allows quantifying the degree of potential agency conflict between the manager and investors as a deterministic monetary schedule.<\/span><\/p>\n<\/td>\n<\/tr>\n

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 <\/p>\n","protected":false},"excerpt":{"rendered":"

\u300cPrivate Equity Investment with Voluntary Exit \u300d\uff0a\u82f1\u8a9e\u3067\u306e\u3054\u5831\u544a \u65e5\u6642 2025\u5e7412\u670815\u65e5\uff08\u6708\uff0913:10\uff5e14:50 \u958b\u50ac\u65b9\u6cd5 \u2460\u5bfe\u9762 \uff0a11\u53f7\u99288\u968e814\u6559\u5ba4\u306b\u304a\u8d8a […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[24],"class_list":["post-5533","post","type-post","status-publish","format-standard","hentry","category-news","tag-events"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.waseda.jp\/fcom\/riba\/wp-json\/wp\/v2\/posts\/5533","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.waseda.jp\/fcom\/riba\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.waseda.jp\/fcom\/riba\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.waseda.jp\/fcom\/riba\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.waseda.jp\/fcom\/riba\/wp-json\/wp\/v2\/comments?post=5533"}],"version-history":[{"count":2,"href":"https:\/\/www.waseda.jp\/fcom\/riba\/wp-json\/wp\/v2\/posts\/5533\/revisions"}],"predecessor-version":[{"id":5781,"href":"https:\/\/www.waseda.jp\/fcom\/riba\/wp-json\/wp\/v2\/posts\/5533\/revisions\/5781"}],"wp:attachment":[{"href":"https:\/\/www.waseda.jp\/fcom\/riba\/wp-json\/wp\/v2\/media?parent=5533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.waseda.jp\/fcom\/riba\/wp-json\/wp\/v2\/categories?post=5533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.waseda.jp\/fcom\/riba\/wp-json\/wp\/v2\/tags?post=5533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}