Research on Partner System—Taking Goldman Such as an Example

DOI

10.2991/aebmr.k.220603.041How to use a DOI?

Keywords

partnership system; Goldman Sachs; investment; administration and management; limited partner

Abstract

Goldman Sachs is a company that has grown very large in recent years. The most important factor contributed to its success is partnership. In this paper, it will focus on Goldman Sachs’ partnership system by the method of literature review, and relevant data used in this paper are derived from major literature. The paper finds that the material interests of owners and operators are rationally allocated and institutionally guaranteed. In a limited partnership investment bank, the limited partners provide about 99% of the capital and share about 80% of the income, while the general partners enjoy management fees, profit distribution and other economic benefits. The management fee is generally charged as a percentage of the total assets managed by the general partner who is about 3%. In the profit distribution, the general partner can receive up to 20% of the investment income with 1% of the capital. In addition to the material incentives provided by financial benefits, the limited partnership has strong moral incentives for the general partners, such as power and status incentives.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article distributed under the CC BY-NC 4.0 license.

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TY  - CONF
AU  - Shuqi Liu
PY  - 2022
DA  - 2022/07/01
TI  - Research on Partner System—Taking Goldman Such as an Example
BT  - Proceedings of the 2022 2nd International Conference on Enterprise Management and Economic Development (ICEMED 2022)
PB  - Atlantis Press
SP  - 238
EP  - 243
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220603.041
DO  - 10.2991/aebmr.k.220603.041
ID  - Liu2022
ER  -