The Private Capital Access Index: Methodology and Implications

18 Pages Posted: 14 Jan 2013

See all articles by Craig R. Everett

Craig R. Everett

Pepperdine University - Graziadio School of Business and Management

John Paglia

Pepperdine University - Graziadio School of Business and Management

Date Written: December 29, 2012

Abstract

Starting in the first quarter of 2012, the Pepperdine Private Capital Markets Project has done a quarterly survey of private companies asking questions about the demand for and availability of external capital for their business. Through factor analysis, we have identified a subset of variables from this survey data that together represent the overall state of the world with respect to private companies’ demand for and access to capital. From this data and using factor analysis we construct two indices, scaled from zero to one hundred. The first, called the Private Capital Access (PCA) Index, reflects the current availability of capital to private firms. The second, the Private Capital Demand (PCD) Index, measures the current need for external capital by these same firms.

Keywords: Private Capital Markets, Debt, Equity, External Capital

JEL Classification: G10

Suggested Citation

Everett, Craig R. and Paglia, John, The Private Capital Access Index: Methodology and Implications (December 29, 2012). Available at SSRN: https://ssrn.com/abstract=2194633 or http://dx.doi.org/10.2139/ssrn.2194633

Craig R. Everett (Contact Author)

Pepperdine University - Graziadio School of Business and Management ( email )

24255 Pacific Coast Hwy
Malibu, CA 90263
United States
(310) 506-8543 (Phone)

HOME PAGE: http://bschool.pepperdine.edu/faculty/default.php?faculty=craig_everett

John Paglia

Pepperdine University - Graziadio School of Business and Management ( email )

Malibu, CA
United States

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