A study of private equity and venture capital financial funding
Name: RICARDO DOS SANTOS DIAS
Publication date: 21/11/2014
Advisor:
Name |
Role |
|---|---|
| MARCELO ALVARO DA SILVA MACEDO | Advisor * |
Examining board:
| Name |
Role |
|---|---|
| ALFREDO SARLO NETO | Internal Examiner * |
| ALVIM BORGES DA SILVA FILHO | External Examiner * |
| MARCELO ALVARO DA SILVA MACEDO | Advisor * |
Summary: This study aims to evaluate the factors that might explain the fundraising of Private Equity
and Venture Capital funds (PE/VC). Generally, the proposal is to investigate empirically what
are the factors that impact on fundraising of PE/VC funds. The sample was composed of 25
countries and a timeline of 6 years (2006-2011). Six factors were identified: Economic
Activity, Development of Stock Markets, Corporate Governance, Social-environmental
Development, Entrepreneurship and Taxation. I constructed through factor analysis six factors
that were composed of 26 variables. Through cross-section regression were investigated
relationships between fundraising of PE/VC funds and the factors generated. The results
showed that despite the significant factors being tested, the uptake of resources is strongly
influenced by the level of development of the stock market. The findings become relevant
because argue a growing reality in Brazil and the world, since the market for PE/VC solidifies
itself as an alternative of fundraising.
