IDEAS home Printed from https://ideas.repec.org/a/gam/jjrfmx/v18y2025i7p358-d1691945.html
   My bibliography  Save this article

Analyzing the Criteria of Private Equity Investment in Emerging Markets: The Case of Tunisia

Author

Listed:
  • Amira Neffati

    (MACMA-Lab, Higher Institute of Management of Tunis, University of Tunis, Bardo 2000, Tunisia)

  • Wided Khiari

    (MACMA-Lab, Higher Institute of Management of Tunis, University of Tunis, Bardo 2000, Tunisia)

  • Azhaar Lajmi

    (GEF2A-Lab, Higher Institute of Management of Tunis, University of Tunis, Bardo 2000, Tunisia)

  • Farah Mejri

    (Higher Institute of Management of Tunis, University of Tunis, Bardo 2000, Tunisia)

Abstract

Restrictive conditions that financial institutions require on credit allocation remain the main constraints to developing and creating new businesses. In this context, the concept of private equity came to fill this problem. However, because it is a riskier business, investors thoroughly assess before investing in a firm’s capital. This work aims to analyze the criteria of private equity investment and explore how Tunisian private equity investors make investment decisions. The methodology applied aligns with prior works studying investment criteria used by private equity investors. Results show that 100% of investors prefer to invest in firms that aim to achieve some growth and are in the development phase. In addition, under informational asymmetry between entrepreneurs and investors, the latter place greater importance on the business plan, information gathered during interviews with promoters, and information on the products.

Suggested Citation

  • Amira Neffati & Wided Khiari & Azhaar Lajmi & Farah Mejri, 2025. "Analyzing the Criteria of Private Equity Investment in Emerging Markets: The Case of Tunisia," JRFM, MDPI, vol. 18(7), pages 1-26, July.
    • Handle: RePEc:gam:jjrfmx:v:18:y:2025:i:7:p:358-:d:1691945
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1911-8074/18/7/358/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/1911-8074/18/7/358/
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jjrfmx:v:18:y:2025:i:7:p:358-:d:1691945. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.