Venture Capital, Private Equity and Foreign Direct Investment: Case Study of the Czech Republic

Ptacek, Ondrej; Kadeřábková, Božena; Piecha, Marian

doi:10.1016/s2212-5671(15)01317-9

Cited by 4 publications

(2 citation statements)

References 3 publications

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“…Private equity investments have been found to be another impression of FDIs (Agmon and Messica, 2009;Ptacek et al, 2015). Their purpose is to earn a high-end return for a short time period of five to seven years and then exit.…”

Section: Effect Of Private Equity Inflows On Co 2 Emissions In Brics ...mentioning

confidence: 99%

The impact of private equity investment and renewable energy on environmental degradation: evidence from BRICS countries

Malik

Sharma

2023

IJESM

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Purpose Large-scale industrialization, growth and development have come at the cost of severe environmental degradation, primarily measured in terms of carbon dioxide emissions. Apart from the several measures taken to reduce enviornmental degradation, provision of private capital is a necessity apart from the public capital. There is a debate on impact of carbon dioxide emissions with increase in affluence, technology, population and renewable energy. The purpose of the study is to look into the role of private equity investment on renewable energy and technological patents. Design/methodology/approach The study extends the use of stochastic impact by regression on population, affluence and technology model to include another factor for investments and capital, i.e. private equity along with renewable energy, population, technology and GDP growth on carbon emissions for the BRICS countries. The time period for the study is from 2002 to 2021, and the relationship between the variables has been tested using pooled mean group/autoregressive distributed lag, fully modified ordinary least squares and panel quantile regression. Findings First, the results depict a log-run relationship between the variables across the panel using cointegration. Private equity investments do not have a significant impact on carbon emissions. The study proposes important policy implications. There are two schools of thought on the impact of private equity on carbon emissions. For example, inherently private equity investments come with higher stakes and a shorter holding period because of which their primary focus remains on having higher returns instead of responsible investing. However, as private equity adds up to capital, which leads to an increase in productivity and eventually higher economic growth, this could affect carbon emissions. This study supports the first thought. Additionally, renewable energy also affects carbon emissions positively. The policymakers should look into the role and intent of the private equity investors in green investments and invest in technologies and patents that can lead to energy consumption. Originality/value The paper is the first of its kind, to the best of the authors’ knowledge, to look into the impact of private equity on renewable energy and technological patents.

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Section: Effect Of Private Equity Inflows On Co 2 Emissions In Brics ...mentioning

confidence: 99%

The impact of private equity investment and renewable energy on environmental degradation: evidence from BRICS countries

Malik

Sharma

2023

IJESM

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“…Private equity (PE), as defined by EVCA (European Association of Venture Capital Funds) is a form of equity investment into private companies not listed on the stock exchange; medium to long-term investment, characterised by active ownership which builds better business by strengthening management expertise, delivering operational improvements and helping companies to access new markets and outsize their returns. PE investors are not interested in regular dividends, but rather in an exit strategy from the investment in a period of usually 3-6 years (Ptacek, Kaderabkova, 2014). On the other hand, venture capital (VC) is a subtype of private equity focused on start-up companies with innovative ideas for a product or service who need investment and expert help in achieving growth.…”

Section: Introductionmentioning

confidence: 99%

What Drives Private Equity and Venture Capital in Central and Eastern Europe Countries: Focus on Serbia

Ljumović,

Milojkić,

Obradović

2020

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The paper examines the main drivers of Private Equity (PE) and Venture Capital (VC) capital into the Central and Easter European (CEE) market. In addition, we analysed the current trends in the industry. Although most of CEE economies remain far behind EU-15 countries in the amounts invested trough PE and VC industry, the region is becoming increasingly attractive. Poland, Hungary, Slovakia, Romania and Czech Republic currently attract the majority of PE/VC investors. Investment activities in CEE observed by sector, show that the largest total investments are made in the sector of consumer goods and services, in the sector of Information and communication technology and in life sciences.CEEprivate equity market remained dominant in buyouts, where VC as a proportion of total investment activity remained relatively low. Main drivers of the region are increased economic activity, favourable tax rates, tax incentives for investors and high quality of labour with low costs. According to SWOT analysis, Serbia has many advantages in terms of attracting PE/VC investments, with the most important natural factors such as geographical position and wealth in natural resources, but also the efforts made in recent years like reforms, improvement of fiscal discipline, and introduction of numerous incentives in order to attract investments.

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Using of Pe/Vc by Company Financing and It's Impact on Company's Statements

Širůček¹,

Čajka²

2016

AAK

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This paper is dedicated to venture capital as a way of company funding in IT sector. The aim of the thesis is to analyse and evaluate an impact of using venture capital financing on selected businesses (IT companies in Czech Republic) according to changes in selected indicators financial analysis. The evaluation is provided also by using alternative indicators. Literature review focuses on the ways of company funding, description of the current venture capital trend and its history. Empirical analysis evaluate the influence of venture capital is examined by selected financial analysis indices, bankruptcy models, and alternative indicators recommended by investors themselves. The results of this thesis are stated in conclusion where they are also discussed and compared with other studies conducted on this topic.

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Venture Capital, Private Equity and Foreign Direct Investment: Case Study of the Czech Republic

Cited by 4 publications

References 3 publications

The impact of private equity investment and renewable energy on environmental degradation: evidence from BRICS countries

The impact of private equity investment and renewable energy on environmental degradation: evidence from BRICS countries

What Drives Private Equity and Venture Capital in Central and Eastern Europe Countries: Focus on Serbia

Using of Pe/Vc by Company Financing and It's Impact on Company's Statements

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