Moskowitz and Vissing-Jørgensen (2002)estimate that,for those households that hold private equity,that investment represents 41% of household wealth.

Question

Quizplus · Accepted Answer

Moskowitz and Vissing-Jørgensen (2002)estimate that for those households that hold private equity,that investment represents 41% of household wealth.Moreover this figure understates the true value of the investment because individuals who invest in private equity are often also actively involved in the business and,therefore their human capital is also invested in the business.

Moskowitz and Vissing-Jørgensen (2002)estimate That,for Those Households That Hold Private