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In Hungary, the previously non-existing venture capital and private equity industry has strengthened over the past two decades, and it has become one of the leaders of the CEE region. Approximately 90% of the capital allocated to investments overall were raised from private sector investors. The...
Persistent link: https://www.econbiz.de/10009408396
In our research project “The Global Venture Capital and Private Equity Country Attractiveness Index” we tackle the question where institutional investors should best allocate their venture capital (VC) and private equity (PE) exposure. In this project, we have calculated an index in its...
Persistent link: https://www.econbiz.de/10013109165
This paper explores the determinants of the stage distribution of European venture capital investments from 1990 to 2011. Consistent with liquidity risk theory, we show that the likelihood of investing in earlier stages increases relative to all private equity investments during liquidity crisis...
Persistent link: https://www.econbiz.de/10012963328
relazioni esistenti tra struttura e funzionamento del sistema finanziario e crescita dell'economia e dell …
Persistent link: https://www.econbiz.de/10013159076
We address the attractiveness of Central Eastern European countries for VC/PE investors by the construction of a composite index. For the index composition we refer to the results of numerous prior research papers that investigate relevant parameters determining entrepreneurial activity and/or...
Persistent link: https://www.econbiz.de/10005021797
It is still an open question what kind of smart capital relational investors actually supply. We divide smart capital into several components and conduct a survey among 85 German suppliers of start-up finance. The results show that the degree of smartness is determined by the financial product...
Persistent link: https://www.econbiz.de/10014223675
Given the increasing importance of private equity in the world economy, we examine the strategic decision to finance a business in an international context by evaluating whether private equity is a substitute for or a complement to other sources of external finance. We find strong evidence that...
Persistent link: https://www.econbiz.de/10014236738
This article, based on the Brazilian experience, examines how Private Equity and Venture Capital (PE/VC) adapts to an emerging economy. Our dataset is based on two extensive questionnaires answered by each of the 65 PE/VC organizations with offices in Brazil. The results reveal that a lack of...
Persistent link: https://www.econbiz.de/10014057313
We calculate composite indices to compare the attractiveness of 27 European countries for institutional investments into the Venture Capital and Private Equity asset class. To achieve this we use 42 different parameters, and propose an aggregation structure that allows for benchmarking on more...
Persistent link: https://www.econbiz.de/10014044143
Private equity (PE) firms increasingly drift toward investing in software companies. In this paper, we empirically examine this trend and compare software drifts to general style drifts. We use an unbalanced panel of more than 7,000 PE firms that made investments between 1985 and 2020. Our...
Persistent link: https://www.econbiz.de/10014258547