Naslov
Did the private equity and venture capital market in CEE recovered after the financial crisis? Case of Poland, Hungary and Czech Republic

Autori
Šimić Šarić, Marija

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
11th International Scientific Conference on Economic and Social Development – Building Resilient Society "Economic and Social Development" : Book of Proceedings / Vuletić, Ante ; Vlahov, Rebeka Danijela ; Pihir, Igor - Varaždin, 2015, 402-411

Skup
International Scientific Conference on Economic and Social Development – Building Resilient Society (11 ; 2015)

Mjesto i datum
Zagreb, Hrvatska, 17.12.2015. - 18.12.2015

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
CEE, Financial crisis, Private equity, Venture capital

Sažetak
Private equity (PE) and venture capital (VC) investments are very important for innovation and economic growth. Private equity is a form of equity investment into private companies not listed on the stock exchange, while venture capital is a type of private equity focused on start-up companies. During the last few years the focus of PE/VC investments has moved from traditonal and mature PE/VC markets to emerging markets. Significant diversity exists in PE activity between countries in Europe, particularly between Western countries and countries in Central and Eastern Europe (CEE) as well as within CEE countries. The European PE market in 2009 was seriously affected by the financial crisis, while the CEE region was affected a year later. Before the financial crisis, the PE/VC markets of Poland, Hungary and Czech Republic, looking in terms of total investments, where the most attractive ones compared to other PE/VC markets in Central and Eastern Europe (CEE). The goal of this paper is to examine whether the PE and VC market in CEE has recovered, and whether the importance of individual PE/VC markets remained unchanged. The research is both qualitative and quantitative, and involves an identification, analysis and comparison of PE/VC investments data for selected countries. The time frame for this research is between 2008 and 2014. The total volume of investments per year and the ratio of PE investments to the gross domestic product (GDP) are used to demonstrate the recovery of the PE market The data necessary for the current research were taken from the public available yearbook of EVCA/PEREP Analytics for 2015 and EVCA special paper – Central and Eastern Europe Statistics 2014. „PEREP Analytics” is a centralised, non- commercial pan-European private equity database. The „PEREP Analytics” statistics platform monitors the development of private equity and venture capital in 25 European countries.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA