منابع مشابه
Venture Capital and Other Private Equity: A Survey
Abstract. We review the theory and evidence on venture capital (VC) and other private equity: why professional private equity exists, what private equity managers do with their portfolio companies, what returns they earn, who earns more and why, what determines the design of contracts signed between (i) private equity managers and their portfolio companies and (ii) private equity managers and t...
متن کاملPrivate Equity and Venture Capital in Emerging Markets : A Case Study
Private equity and venture capital investments in emerging markets grew significantly over the past five years (2003-2008), both in absolute and relative terms. In this study, we examine the industry's role in emerging markets, in terms of key actors, business processes, and impact on portfolio companies. We use a case study of private equity and venture capital in Egypt, and the Middle East an...
متن کاملThe Price of DiversiÞable Risk in Venture Capital and Private Equity
This paper explores the private equity and venture capital (VC) markets and demonstrates that unavoidable principal-agent problems result in equilibrium competitive fund returns, even net of fees, that are increasing in the amount of idiosyncratic risk. The structure of information in these markets means that idiosyncratic risk will be priced even if investors can fully diversify and the privat...
متن کاملThe ‘Double Market’ Approach in Venture Capital and Private Equity Activity: The Case of Europe
This paper aims to contribute to the understanding of the factors that determine fundraising and investment in the private equity market in Europe. These are analysed separately, since the lags faced in this activity determine the existence of two separate markets. As a result, private equity institutions deal with different agents, namely investors (fundraising) and firms (investment), whose l...
متن کاملPrivate Equity and Venture Capital Industry in Croatia: Tax and Legal Environment
The author describes the methodology for assessing the suitability of tax and legal environment for the development of private equity and venture capital industry, designed by the European Venture Capital Association (EVCA). She applies this method to assess the tax and legal environment in Croatia. The results reveal that, according to the total composite score, Croatia belongs to the group of...
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ژورنال
عنوان ژورنال: Acta Oeconomica Pragensia
سال: 2005
ISSN: 0572-3043,1804-2112
DOI: 10.18267/j.aop.189