Explaining Variations in Private Equity: A Panel Approach
This study employs a panel approach to investigate factors that influence the development of private equity markets over time and across countries. The empirical evidence indicates that profitable exit options are essential to the growth and development of private equity across both time and countries. The opportunity cost of investing is also found to be important. Moreover, the evidence strongly supports the hypothesis that venture capital investing and patent screening are positively related. Across countries the evidence suggests that institutional features that support property rights and contract enforcement and that facilitate information flow and expectations formation contribute to more robust private equity markets.
|Date of creation:||2002|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: (919) 660-1800
Fax: (919) 684-8974
Web page: http://econ.duke.edu/
When requesting a correction, please mention this item's handle: RePEc:duk:dukeec:02-14. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Department of Economics Webmaster)
If references are entirely missing, you can add them using this form.