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Private Equity Investment in the Czech Republic

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  • Alexej Sato

Abstract

New principles, tasks and expectations for the nearest future, as well as upcoming development trends of private equity investments in global economy are mentioned in this paper. Ecological investments of private equity, as for example: alternative power engineering, biotechnologies or any other technologies, regardful to the living environment, appear to replace gradually foregoing investments focusing on information engineering and communication technologies. Attention of private equity funds seems to be paid especially on emerging markets during oncoming decade. Sources, aims and conditions of usage of private equity in Europe are not similar comparing with North America or Asia-Pacific region. While in the North America major-part of equity consists of private sources, Cohesion Funds of the European Community are frequently used for financing of funds in Europe. Consequently private equity is usually used for growth or expansion of a company or for ""buy in - buy out"" operations, scarcely any investments are focused on start-up and early stage projects in Europe. Recommendations of European Commission and EVCA regarding elimination of obstacles to private equity investments in Europe include: - harmonization of tax and legal rules for private equity investments in the Member States of European Community, - improvement of European tax and legal environments, - move towards greater transparency of tax reporting.

Suggested Citation

  • Alexej Sato, 2013. "Private Equity Investment in the Czech Republic," Prague Economic Papers, Prague University of Economics and Business, vol. 2013(2), pages 240-250.
    • Handle: RePEc:prg:jnlpep:v:2013:y:2013:i:2:id:450:p:240-250
    DOI: 10.18267/j.pep.450
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    References listed on IDEAS

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    1. Gregoriou, Greg N. & Kooli, Maher & Kraeussl, Roman, 2006. "Venture Capital in Europe," Elsevier Monographs, Elsevier, edition 1, number 9780750682596.
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    3. Groh, Alexander P. & Liechtenstein, Heinrich & Canela, Miguel A., 2007. "Allocation determinants of institutional investments in venture capital and private equity limited partnerships in Central Eastern Europe," IESE Research Papers D/691, IESE Business School.
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    More about this item

    Keywords

    investment funds; venture capital; private equity; private investors; buy in - buy out operations; tax and legal environments;
    All these keywords.

    JEL classification:

    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage

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