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The Attractiveness of Central Eastern European Countries for Venture Capital and Private Equity Investors

Groh, Alexander P. ; Liechtenstein, Heinrich ; Lieser, Karsten (2008)
The Attractiveness of Central Eastern European Countries for Venture Capital and Private Equity Investors.
Report, Bibliographie

Kurzbeschreibung (Abstract)

We address the attractiveness of Central Eastern European countries for VC/PE investors by the construction of a composite index. For the index's composition we refer to the results of numerous prior research papers that investigate relevant parameters determining entrepreneurial activity and/or the engagements of institutional investors. We aggregate the index via five different methods and receive country rankings that vary only slightly, signaling a robust index calculation. We clearly identify six tier groups of attractiveness for all of our sample countries. We compare our index with the actual fundraising activities in the individual countries and reveal a reasonable correlation of both figures. The results highlight the strengths and weaknesses of the particular economies and provide guidelines for policy improvements and institutional investors' country allocations.

Typ des Eintrags: Report
Erschienen: 2008
Autor(en): Groh, Alexander P. ; Liechtenstein, Heinrich ; Lieser, Karsten
Art des Eintrags: Bibliographie
Titel: The Attractiveness of Central Eastern European Countries for Venture Capital and Private Equity Investors
Sprache: Englisch
Publikationsjahr: 2008
Ort: Barcelona
Reihe: University of Navarra, IESE Business School (Hrsg.), IESE Business School Working Paper No. D/677
Kurzbeschreibung (Abstract):

We address the attractiveness of Central Eastern European countries for VC/PE investors by the construction of a composite index. For the index's composition we refer to the results of numerous prior research papers that investigate relevant parameters determining entrepreneurial activity and/or the engagements of institutional investors. We aggregate the index via five different methods and receive country rankings that vary only slightly, signaling a robust index calculation. We clearly identify six tier groups of attractiveness for all of our sample countries. We compare our index with the actual fundraising activities in the individual countries and reveal a reasonable correlation of both figures. The results highlight the strengths and weaknesses of the particular economies and provide guidelines for policy improvements and institutional investors' country allocations.

Freie Schlagworte: Venture Capital, Private Equity, Central Eastern Europe, Economic Transition
Zusätzliche Informationen:

EFA 2008 Athens Meetings Paper; Available at http://ssrn.com/abstract=960505

Fachbereich(e)/-gebiet(e): 01 Fachbereich Rechts- und Wirtschaftswissenschaften > Betriebswirtschaftliche Fachgebiete > Fachgebiet Immobilienwirtschaft und Baubetriebswirtschaftslehre
01 Fachbereich Rechts- und Wirtschaftswissenschaften
01 Fachbereich Rechts- und Wirtschaftswissenschaften > Betriebswirtschaftliche Fachgebiete
Hinterlegungsdatum: 14 Sep 2009 08:15
Letzte Änderung: 05 Mär 2013 09:22
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