What determines the technology that a country adopts? While many factors affect technological adoption, the efficiency of the country's financial system may also play a significant role. To address this question, a dynamic contract model is embedded into a general equilibrium setting with...

Capital is obviously vital to entrepreneurs, and the sources and types of capital available to them are changing. The gaps that exist between investors and entrepreneurs have narrowed due to networks created by new technologies. Easier communication has created new ways for investors to...

The high competition in the global Private Equity (PE) and Venture Capital (VC) industry has forced investors to allocate more capital to emerging markets. The fast growing PE and VC activities in those countries raise the question of whether the cost with limited attention will surpass the...

What is the role of a country's financial system in determining technology adoption? To examine this, a dynamic contract model is embedded into a general equilibrium setting with competitive intermediation. The terms of finance are dictated by an intermediary's ability to monitor and control a...

This book provides a comprehensive overview of Private Equity (PE) financing in the infrastructure and real estate sectors. In doing so, it analyzes the impact of such investments in the two sectors, evaluates the types of financing strategies, and explores the value created by such investments....

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...