Drivers of private equity fundraising and investment: Comparison of Central and Eastern Europe and Western Europe

• Název práce v češtině: Determinanty fundraisingu a investic v private equity: Porovnání zemí Střední a Východní Evropy a zemí Západní Evropy
• Název v anglickém jazyce: Drivers of private equity fundraising and investment: Comparison of Central and Eastern Europe and Western Europe
• Akademický rok vypsání: 2011/2012
• Typ práce: bakalářská práce
• Jazyk práce: angličtina
• Ústav: Institut ekonomických studií (23-IES)
• Vedoucí / školitel: PhDr. Pavel Streblov
• Řešitel: skrytý - zadáno vedoucím/školitelem
• Datum přihlášení: 04.06.2012
• Datum zadání: 04.06.2012
• Datum a čas obhajoby: 18.06.2013 00:00
• Místo konání obhajoby: IES
• Datum odevzdání elektronické podoby: 17.05.2013
• Datum proběhlé obhajoby: 18.06.2013
• Oponenti: PhDr. Mgr. Ivona Hrušová

Seznam odborné literatury

Balboa, M & J. Marti (2003): "An integrative approach to the determinants of private equity fundraising."

Balboa, M & J. Marti (2009): "The double market approach in venture capital and private equity: The case of Europe"

Bernoth, K., R.Colavecchio, & M.Saas (2010): "Drivers of private equity investment in CEE and Western European countries."

Gompers,P. A. & J.Lerner (1999): "What drives venture capital fundraising?"

Jeng.L.A. & P.C.Wells (2000): "The determinants of venture capital funding: evidence across countries."

Předběžná náplň práce

Private equity industry in Central and Eastern Europe
(CEE) and Western Europe in the last decade experienced two extremes. Strong
growth and deep decline. The industry in both regions recovers however, it
seems that the full recovery will take time. Fundraising in CEE as well as
in Western Europe becomes more di�cult than before the crisis. Investors
are less willing to commit their capital to private equity in CEE and private
equity companies in Western Europe also register di�culties with raising new
funds. Investment activity grows in both regions however, there are signs of
lacking demand for private equity capital from entrepreneurs. Therefore it is
interesting to try to �nd the determinants for fundraising and investment and
try to �nd out if there are common determinants. Moreover we try to compare
them between CEE and Western Europe. Our research is unique since we use
the latest data available. The aim of this thesis is to �nd out if there are common determi-
nants of private equity fundraising and investment and try to �nd out if there
are di�erences between them in CEE and Western Europe.

Předběžná osnova:

1.Úvod do private equity
2.Private equity ve Střední a Východní Evropě a v Západní Evropě
3.Teorie fundraisingu a investic
4.Popis dat
5.Empirická část
6.Výsledky
7.Závěr

Předběžná náplň práce v anglickém jazyce

Private equity industry in Central and Eastern Europe
(CEE) and Western Europe in the last decade experienced two extremes. Strong
growth and deep decline. The industry in both regions recovers however, it
seems that the full recovery will take time. Fundraising in CEE as well as
in Western Europe becomes more di�cult than before the crisis. Investors
are less willing to commit their capital to private equity in CEE and private
equity companies in Western Europe also register di�culties with raising new
funds. Investment activity grows in both regions however, there are signs of
lacking demand for private equity capital from entrepreneurs. Therefore it is
interesting to try to �nd the determinants for fundraising and investment and
try to �nd out if there are common determinants. Moreover we try to compare
them between CEE and Western Europe. Our research is unique since we use
the latest data available. The aim of this thesis is to �nd out if there are common determi-
nants of private equity fundraising and investment and try to �nd out if there
are di�erences between them in CEE and Western Europe.

Preliminary outline:

1.Introduction into PE
2.Private equity in CEE and Western Europe
3.Theory of fundraising and investment
4.Data description
5.Empirical part
6.Results
7.Conclusion