Private equity and venture capital in an emerging economy: evidence from Brazil

Data
2006
Orientador(res)
Título da Revista
ISSN da Revista
Título de Volume
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.


Descrição
Palavras-chave

Assunto

Área do Conhecimento