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Publications
Publications
  • April 2004
  • Article
  • Journal of Financial Economics

The Illiquidity Puzzle: Theory and Evidence from Private Equity

By: Josh Lerner and Antoinette Schoar
  • Format:Print
  • | Pages:38
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Keywords

Financial Liquidity; Theory; Information

Citation

Lerner, Josh, and Antoinette Schoar. "The Illiquidity Puzzle: Theory and Evidence from Private Equity." Journal of Financial Economics 72, no. 1 (April 2004): 3–40.
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About The Author

Josh Lerner

Entrepreneurial Management
→More Publications

More from the Authors

    • May 2025
    • Quarterly Journal of Economics

    The Diffusion of New Technologies

    By: Aakash Kalyani, Marcela Carvalho, Nicholas Bloom, Tarek Hassan, Josh Lerner and Ahmed Tahoun
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    Private Equity and Workers: Modeling and Measuring Monopsony, Implicit Contracts, and Efficient Reallocation

    By: Kyle Herkenhoff, Josh Lerner, Gordon M. Phillips, Francisca Rebelo and Benjamin Sampson
    • 2025
    • Faculty Research

    Impact Investing and Worker Outcomes

    By: Josh Lerner, Markus Lithell and Gordon M. Phillips
More from the Authors
  • The Diffusion of New Technologies By: Aakash Kalyani, Marcela Carvalho, Nicholas Bloom, Tarek Hassan, Josh Lerner and Ahmed Tahoun
  • Private Equity and Workers: Modeling and Measuring Monopsony, Implicit Contracts, and Efficient Reallocation By: Kyle Herkenhoff, Josh Lerner, Gordon M. Phillips, Francisca Rebelo and Benjamin Sampson
  • Impact Investing and Worker Outcomes By: Josh Lerner, Markus Lithell and Gordon M. Phillips
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