'THE END OF THE GOLDEN AGE' THE DEVELOPMENT OF VENTURE CAPITAL IN CENTRAL AND EASTERN EUROPE (Az aranykor vege. A kockazatitoke-agazat fejlodese Kozep-Kelet-Europaban)

• Authors: Karsai Judit
• Languages of publication: HU

Abstracts

EN

The current downturn in the American and West European economies combined with increasing regulatory pressure on private equity throughout the developed world have made emerging markets an attractive destination for private equity. As part of such a market, the private equity industry of Central and Eastern Europe (CEE) was an accidental beneficiary of this, its attractiveness boosted also by the fact that the value added was resulting from the integral growth of companies rather than from leverage utilization. The crisis in the autumn of 2008 has turned growth financed by loans into a synonym for risk, so that the CEE countries as emerging markets have been placed at a disadvantage The current downturn in the American and West European economies combined with increasing regulatory pressure on private equity throughout the developed world have made emerging markets an attractive destination for private equity. As part of such a market, the private equity industry of Central and Eastern Europe (CEE) was an accidental beneficiary of this, its attractiveness boosted also by the fact that the value added was resulting from the integral growth of companies rather than from leverage utilization. The crisis in the autumn of 2008 has turned growth financed by loans into a synonym for risk, so that the CEE countries as emerging markets have been placed at a disadvantage

Keywords

EN

INVESTMENT BANKING; PENSION FUNDS; PRIVATE FINANCIAL INSTITUTIONS; VENTURE CAPITAL

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Committee for Economic Sciences of the Hungarian Academy of Sciences
• Journal: Kozgazdasagi Szemle (Economic Review)
• Year: 2009
• Volume: 56
• Issue: 1
• Pages: 46-68
• Document type: ARTICLE

Contributors

author

Karsai Judit

• Judit Karsai, no address given, contact the journal editor

Identifiers

CEJSH db identifier

10HUAAAA078719