Private Equity Investing in Small and Medium Enterprises in Central and Eastern Europe with Special Review of Macedonia PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Private Equity Investing in Small and Medium Enterprises in Central and Eastern Europe with Special Review of Macedonia PDF full book. Access full book title Private Equity Investing in Small and Medium Enterprises in Central and Eastern Europe with Special Review of Macedonia by Dimche Lazarevski. Download full books in PDF and EPUB format.
Author: Dimche Lazarevski Publisher: ISBN: Category : Languages : en Pages : 11
Book Description
This paper examines venture capital investments' development in selected Central and Eastern European countries. We determine the differences in the level of development and the reasons, and we offer conclusions that can serve as a guideline in Macedonia's and other CEE countries' venture capital industry development.Different level of IPO market development, breadth, depth and liquidity of the secondary market; being or not being EU and NATO member - factor for sound business environment, guarantee for stability, and trust among investors, are some of the reasons for the difference in the VC industry level of development. Moreover, hurdle rates level, judicial system efficiency and property rights enforcement, required rates of return, entrepreneurial skills and knowledge, company transparency, and quality projects offered, are also significant factors that make the difference.The result of the comparative analysis in this paper based on the Venture capital fundraising and investment activities, the Country Attractiveness Index position and performed interviews, illustrates inferior role of the Venture Capital industry in Macedonia.
Author: Dimche Lazarevski Publisher: ISBN: Category : Languages : en Pages : 11
Book Description
This paper examines venture capital investments' development in selected Central and Eastern European countries. We determine the differences in the level of development and the reasons, and we offer conclusions that can serve as a guideline in Macedonia's and other CEE countries' venture capital industry development.Different level of IPO market development, breadth, depth and liquidity of the secondary market; being or not being EU and NATO member - factor for sound business environment, guarantee for stability, and trust among investors, are some of the reasons for the difference in the VC industry level of development. Moreover, hurdle rates level, judicial system efficiency and property rights enforcement, required rates of return, entrepreneurial skills and knowledge, company transparency, and quality projects offered, are also significant factors that make the difference.The result of the comparative analysis in this paper based on the Venture capital fundraising and investment activities, the Country Attractiveness Index position and performed interviews, illustrates inferior role of the Venture Capital industry in Macedonia.
Author: Timo Zimenga Publisher: GRIN Verlag ISBN: 3346242382 Category : Business & Economics Languages : en Pages : 37
Book Description
Seminar paper from the year 2019 in the subject Business economics - Investment and Finance, grade: 2,0, University of applied sciences, Düsseldorf, course: International Investment & Controlling, language: English, abstract: Is it worth the time and work involved in taking various risks and sometimes the path into the unknown? This question arises in the context with private equity financing. However, this is also a question which arises in companies when it comes to identifying a source of finance. No matter for what reason the company needs a financial injection, either for internal development, new production machinery or for a breakthrough into new markets. In order to find out more about private equity, the assignments objective for the module “International Investment & Controlling” addresses the topic: “Critical analysis of private equity investments in SME” For this purpose, this assignment will start with a short introduction on the relevance of the topic, followed by the fundamentals and theoretical basis of private equity as well as about SME’s. Furthermore, the actual problematic situation which belongs to private equity investments is presented. After these introducing topics the paper switches to its main part, the critical analysis about - Investment done by GP / LP and a return increase; - Leveraged buyouts; - Risks characteristics; - Rules, regulations & contractual infrastructure. Finally, a conclusion as well as a critical outlook are provided. This conclusion contains that both, investors and companies, want to have a clearer view about risks and contractual requirements and restrictions.
Author: D. Klonowski Publisher: Springer ISBN: 0230338054 Category : Business & Economics Languages : en Pages : 218
Book Description
Private Equity in Poland focuses on the private equity industry and emerging markets in Poland. Poland represents the most developed private equity industry in Central and Eastern Europe and is one of the most developed emerging markets worldwide
Author: Publisher: GRIN Verlag ISBN: 3346672379 Category : Business & Economics Languages : en Pages : 27
Book Description
Seminar paper from the year 2021 in the subject Business economics - Investment and Finance, grade: 1,3, University of Applied Sciences Essen, course: International Investment, language: English, abstract: This term paper is split into five chapters. After the introduction, the theoretical framework of small- and medium-sized enterprises (SMEs) and private equity (PE) is elaborated. Besides the explanatory definition of PE, an overview of PE types and the roles in PE investments is provided. Chapter three emphasizes the process of PE investments and their characteristics from the planning stage to exit strategies. Before the conclusion, opportunities and threats for SMEs and investors in PE investments are derived in section four.
Author: Publisher: GRIN Verlag ISBN: 3346123928 Category : Business & Economics Languages : en Pages : 26
Book Description
Seminar paper from the year 2018 in the subject Business economics - Investment and Finance, grade: 1,3, University of applied sciences, Düsseldorf, language: English, abstract: This work focuses on the private equity (PE) investments within SMEs. Fundamentals of private equity investments are reviewed in the second chapter. This includes definition and product categories of private equity and how PE business is organized as well as the history of PE market in Germany. The third chapter analyses the process of the PE deals including the different phases as well as the exit strategies. The last chapter critically analyse the PE deals from the point of view of the investor and the targeted company before closing with the outlook and conclusion. In the last decades, the private equity market in Germany has witnessed waves of rise and fall. But it surpassed, by the end of 2017, all the records of German PE history. According to Deutsche Beteiligungs (DBAG), the amount of transactions in the mid-sized businesses in the German market dramatically increased and hit €4.4 billion in 2017 which was the highest during the last 15 years. But in contrast, the competition in the German market has been recently high with a steady number of companies which led to high prices and overvalued companies. PE firms target the mid-sized businesses since they are more likely to accept financial investors than bank loans or credit lines. However, this problem can now be countered with the help of PE in the context of alternative corporate financing. It should be noted that PE business has been a concern of German politics and businesses since the 1960s where the financial system was basically based on banks which is not appropriate for the development of PE industry. The government intervention was the base to build a stronger PE industry away from bank-based financial systems. Recently, the stock market segment was a key driver for the dynamic development of PE market. The price falls and the collapse of the overheated and overvalued companies were also clearly felt in the PE segment and generated a great deal over scepticism on the capital markets.
Author: Stefano Caselli Publisher: Academic Press ISBN: 0128122552 Category : Business & Economics Languages : en Pages : 352
Book Description
Global financial markets might seem as if they increasingly resemble each other, but a lot of peculiar aspects qualify different markets with different levels of development. Private equity investors can take advantage of these variations. Structured to provide a taxonomy of the business, Private Equity and Venture Capital in Europe, Second Edition, introduces private equity and venture capital markets while presenting new information about the core of private equity: secondary markets, private debt, PPP within private equity, crowdfunding, venture philanthropy, impact investing, and more. Every chapter has been updated, and new data, cases, examples, sections, and chapters illuminate elements unique to the European model. With the help of new pedagogical materials, this Second Edition provides marketable insights about valuation and deal-making not available elsewhere. Covers new regulations and legal frameworks (in Europe and the US) described by data and tax rates Features overhauled and expanded pedagogical supplements to increase the versatility of the Second Edition Focuses on Europe Includes balanced presentations throughout the book
Author: United Nations Conference on Trade and Development Publisher: ISBN: Category : Business & Economics Languages : en Pages : 140
Book Description
The Investment Policy Reviews (IPRs) of UNCTAD help countries improve their investment policies and familiarise Governments and the international private sector with an individual country's investment environment. The IPR of the former Yugoslav Republic of Macedonia, initiated at the request of the Macedonian Government, analyses FDI trends and their impact on the host economy, provides a detailed evaluation of the legal and regulatory framework for investment, including concrete recommendations to improve it, and presents an overall strategy to attract investment that feeds into a government programme for stimulating investment covering the period 2011 to 2014. The report stresses that during the past decade, the Government has undertaken ambitious reforms to modernise the country, complete the process of transformation into a market economy, and improve the living conditions of the population. However, FDI inflows, though increasing, have so far been low compared to other South-East European countries. Among the factors holding back investment, the most important are outstanding issues in the business and investment environment, including in areas such as access to land and construction permits, as well as employment of foreigners, or implementation of existing legislation, and lack of coordination in policy-making and execution and the ensuing proliferation of insufficiently related and consistent development strategies, competitiveness plans, industrial policies and investment strategies. To meet the Government's double goals of increasing FDI inflows and deepening the benefits derived from them, an overall strategy building on five main pillars is suggested in the IPR, namely: (a) achieving global excellence in the investment framework; (b) creating synergies between FDI and industrial policy; (c) strengthening policy-making in the area of investment and competitiveness; (d) rationalizing the investment promotion effort and (e): ensuring effective policy implementation.
Author: Europa Publications Publisher: Psychology Press ISBN: 9781857431360 Category : Business & Economics Languages : en Pages : 816
Book Description
An in-depth survey of the region presenting the latest economic and political developments. It includes expert comment on issues of regional importance, up-to-date statistics, a directory of institutes and companies and political profiles.
Author: Francesco Baldi Publisher: Springer Science & Business Media ISBN: 8847028256 Category : Business & Economics Languages : en Pages : 91
Book Description
Economics of private equity (PE). Empirical evidence on Italian manufacturing firms resorting to internal equity only to finance investments with positive NPV. Normative framework providing guidelines on how their entrepreneurial model (governance, gearing, growth) would be favourably influenced by conventional PE actions. Policy recommendations on how to expedite PE ownership expansion in Italy and other European countries.
Author: Dimche Lazarevski
Author: Dimche Lazarevski
Author: Timo Zimenga
Author: D. Klonowski
Author: 
Author: 
Author: Stefano Caselli
Author: United Nations Conference on Trade and Development
Author: Europa Publications
Author: Francesco Baldi
Author: European Venture Capital Association