Local and Africa News on Private Equity
Page added on June 7, 2007
Guide to private equity
This report is produced by The BVCA that represents private equity and venture capital in the UK. It may be closely related to private equity of Africa.
Click here to view the report
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On the Real Effects of Private Equity Investment Evidence from New Business Creation by AlexanderUsing a comprehensive database of European firms, we study how private equity affects the rate of firm entry. We find that private equity investment benefits new business incorporation, especially in industries with naturally higher entry rates and R&D intensity. A two standard deviation increase in private equity investment explains as much as 5.5% of the variation in entry between high-entry and low-entry industries. We address endogeneity by exploiting data on laws that regulate private equity investments by pension funds. Our results hold when we correct for barriers to entry,general access to credit, protection of intellectual property, and labor regulations.
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US private equity firms look to take cos publicHAVE YOUR SAY
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