Private equity and venture capital in an emerging economyevidence from Brazil
Ribeiro, Leonardo de Lima; Carvalho, Antonio Gledson de; Furtado, Cláudio Vilar
O documento é disponibilizado pela fonte de origem, que mantém a versão integral e as condições de uso.
Resumo
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 infrastructure and security create investment opportunities. However, institutional idiosyncrasies represent a major barrier and force PE/VC – a U.S. investment model – to adapt by investing in different stages of business development, avoiding LBOs, taking a generalist industry approach, geographically concentrating in the financial cluster and relying on arbitration for dispute resolution.
Ficha do documento
- Tipo
- Estudo
- Ano
- 2006
- Instituição
- Fundação Getulio Vargas
- Fonte
- Repositório da FGV
- Idioma
- Inglês
- Acesso
- Acesso aberto
- Identificador
- oai:repositorio.fgv.br:10438/13480
- Temas
- Economia
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