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dc.contributor.authorBernoth, Kerstinen
dc.contributor.authorColavecchio, Robertaen
dc.contributor.authorSass, Magdolnaen
dc.date.accessioned2010-05-10-
dc.date.accessioned2010-07-22T09:28:40Z-
dc.date.available2010-07-22T09:28:40Z-
dc.date.issued2010-
dc.identifier.urihttp://hdl.handle.net/10419/36716-
dc.description.abstractA strong private equity market is a cornerstone for commercialization and innovation in modern economies. However, substantial differences exist in the relative amounts raised and invested in private equity across European countries. We investigate the macro-determinants of private equity investment in Europe, focusing on the comparison between CEE and Western European countries. Our estimations are based on a data set running from 2001 to 2008 and covers 14 Western European and three CEE countries. Applying robust estimation techniques we identify a 'robust' set of determinants of private equity activity in both regions. We find similarities as well as differences in the driving forces of private equity investments in Western European and CEE countries. Our results suggest that commercial bank lending, equity market capitalization, unit labour costs and corporate tax rates are significant determinants of private equity activity.en
dc.language.isoengen
dc.publisher|aDeutsches Institut für Wirtschaftsforschung (DIW) |cBerlinen
dc.relation.ispartofseries|aDIW Discussion Papers |x1002en
dc.rights.accessrightsinfo:eu-repo/semantics/openAccessen
dc.subject.jelC23en
dc.subject.jelC52en
dc.subject.jelE22en
dc.subject.jelG24en
dc.subject.ddc330en
dc.subject.keywordPrivate equityen
dc.subject.keywordextreme bounds analysisen
dc.subject.keywordCentral and Eastern European countriesen
dc.subject.stwPrivate Equityen
dc.subject.stwPortfolio-Investitionen
dc.subject.stwDirektinvestitionen
dc.subject.stwStandortfaktoren
dc.subject.stwSchätzungen
dc.subject.stwWesteuropaen
dc.subject.stwOstmitteleuropaen
dc.titleDrivers of private equity investment in CEE and Western European countries-
dc.type|aWorking Paperen
dc.identifier.ppn625823060en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.relation.projectidinfo:eu-repo/grantAgreement/EC/FP7/217266en
dc.identifier.repecRePEc:diw:diwwpp:dp1002en

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