VPSM is proud to announce the publication titled : “ Management Review Quarterly”, by Dr Kunjana Malik, faculty in Finance and Accounting Area of VPSM in Springer Based Journal and a part of the Academic Journal Guide ‘ABS-1’.
Introduction: Owing to the sheer volume of research that has been done in the field of private equity (PE) in the last decade it may be pertinent to mention that private equity studies became the focal point of much corporate finance and socio-economic studies. Private equity capital is a preferred source of investment where high net worth individuals and firms purchase a stake in private companies to gain a significant influence over a company’s operations and earn returns before exiting the firm. The paper employs bibliometric analysis to consolidate and synthesizes existing findings which shoot from the studies of private equity and private equity performance, develop thematic maps, clusters and propose some novel future research opportunities in this globally pervasive area.
The themes that are highly researched indicate that there is a negligible shift in research in private equity towards a more multidisciplinary front. The boundaries are still limited to finance, entrepreneurship, and governance studies. While the existence of performance studies in these researches hold a potential significance, the authors cannot undermine the substantial interest of researchers to investigate the impact of private equity on performance, cashflows, liquidity, and leveraged buyout as the preferred source of financing to private equity firms. Emerging topics include the effect of corporate governance (including triple bottom approach), environmental and social sustainability on the performance of private equity firms, sectoral analysis of private equity in various sectors like real estate, banking, information technology.
Methodology: The current study uses the method of bibliometric analysis and scientific mapping and takes five steps into account suggested by Aria and Cucurullo (2017)and Firdaus et al. (2019). Stage 1 involves the study design, wherein research questions, keywords, and database selection are being done. In stage 2, data collection is done using the shortlisting criteria. After data collection from a database, bibliometric analysis is done using biblioshiny in this step, to assist in data interpretation (Jones and Gatrell,2014). The authors then move to the analysis of the result and its interpretation followed by possible future research agendas (Step 5). This technique is highly appreciated in identifying the research gap and is the most recommended technique used to synthesize existing studies.
Conclusion: Proposing to the existing literature is thoroughly reviewed, this seminal work extracts maximum valuable insights into private equity, which has been gaining increased importance in the development and growth of the countries. Amongst the multiple methods that exist to summarise vast information on scientific production, bibliometric analysis can present information precisely with a strong visual appeal. The study provides an overarching view of the studies in private equity in the past decade in a structured manner, how networks among authors, their citations, collaborations, keywords combinations are created which eventually substitutes for an overall view of the areas where studies are still is few. The research work reveals a consistent deficiency in the private equity literature, from developed to developing countries.
Accepted in : “ Management Review Quarterly”, Springer Based Journal and a part of the Academic Journal Guide ‘ABS-1’ ranking list.