Fair value measurement issues in private equity funds

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dc.contributor.advisor Saccon, Chiara it_IT
dc.contributor.author Buccella, Luca <1990> it_IT
dc.date.accessioned 2017-02-21 it_IT
dc.date.accessioned 2017-05-08T03:49:10Z
dc.date.issued 2017-03-24 it_IT
dc.identifier.uri http://hdl.handle.net/10579/9800
dc.description.abstract The fair value has been for long time object of controversial debates not only among the accounting literature but also among practitioners and financial institutions. In spite of this, it has been recognized by the International Account Standards Setters as the most relevant measurement technique able of better representing all the complex phenomena that affected our economy in the last decades. Among these there are the globalisation, the increasing use of financial instruments, the complexity of corporations and business models and the tendency of firms of growing through external growth by mergers and acquisitions. The purpose of this thesis is to analyse the issues arising during the fair value application. Special attention is given to its measurement within private equity funds. In fact, while on one hand, funds that invest in securities traded in an active market, with prices readily available, will find the fair value measurement process relatively straightforward. On the other hand, funds that invest in instruments that, although not traded in an active market, are valued using observable inputs and well-established valuation models will find this process more complex. Therefore, arriving at a fair value involves most judgements for funds, especially for alternative and less liquid funds such as private equity. The first part of the thesis introduces the concept of fair value accounting, the history, the shortcomings and the most relevant accounting standards that discipline its definition and application. The second part, after an introduction of the private equity, will focus on technical issues related both to the fair value measurement of the fund’s investments and to the valuation of the investors’ interests in the fund. it_IT
dc.language.iso it_IT
dc.publisher Università Ca' Foscari Venezia it_IT
dc.rights © Luca Buccella, 2017 it_IT
dc.title Fair value measurement issues in private equity funds it_IT
dc.title.alternative it_IT
dc.type Bachelor Thesis it_IT
dc.degree.name Amministrazione, finanza e controllo it_IT
dc.degree.level Laurea magistrale it_IT
dc.degree.grantor Dipartimento di Management it_IT
dc.description.academicyear 2015/2016, sessione straordinaria it_IT
dc.rights.accessrights closedAccess it_IT
dc.thesis.matricno 855381 it_IT
dc.subject.miur it_IT
dc.description.note it_IT
dc.degree.discipline it_IT
dc.contributor.co-advisor it_IT
dc.date.embargoend 10000-01-01
dc.provenance.upload Luca Buccella (855381@stud.unive.it), 2017-02-21 it_IT
dc.provenance.plagiarycheck Chiara Saccon (csaccon@unive.it), 2017-03-06 it_IT


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