# Prof. Viral Acharya's research on private equity's returns is referenced

1 January 28, 2012 The Economist >

Excerpt from [The Economist](http://www.economist.com/node/21543550) -- "Higher debt has accounted for as much as 50% of private equity’s returns in the past, according to a 2011 study co-written by [Viral Acharya](http://w4.stern.nyu.edu/faculty/bio/viral-acharya) of New York University’s Stern School of Business."

[Read more](http://www.economist.com/node/21543550)