Article
American Economic Review: Papers and Proceedings

Making Private Data Accessible in an Opaque Industry: The Experience of the Private Capital Research Institute

By: Josh Lerner and Leslie Jeng

Format:Print

Abstract

Private markets are becoming an increasingly important way of financing rapidly growing and mature firms, and private investors are reputed to have far-reaching economic impacts. These important markets, however, are uniquely difficult to study. This paper explores these challenges, as well as the ways they can be overcome, using the experiences of the Private Capital Research Institute as a case.