Publication Cover
Venture Capital
An International Journal of Entrepreneurial Finance
Volume 10, 2008 - Issue 2
959
Views
17
CrossRef citations to date
0
Altmetric
Articles

Private equity and venture capital in an emerging economy: evidence from Brazil

&
Pages 111-126 | Accepted 20 Dec 2007, Published online: 15 Apr 2008

References

  • Botelho , A. , Harckbart , G. and Lange , J. 2003 . “ Do Brazilian venture capitalists add value to their portfolio companies? ” . In Frontiers of entrepreneurship research , Edited by: Bygrave , W. D. Wellesley, MA : Babson College . http://www.babson.edu/entrep/fer/BABSON2003/III/III-S2/II-S2.html
  • Bottazzi , L. , Da Rin , M. and Hellman , T. 2004 . The changing face of the European venture capital industry: Facts and analysis . Journal of Private Equity , 8 ( 1 ) : 26 – 53 .
  • Bottazzi , L. , Da Rin , M. and Hellman , T. . What role of legal systems in financial intermediation? Theory and evidence . Working Paper, European Corporate Governance Institute .
  • Bruton , G. , Ahlstrom , D. and Yeh , K. 2004 . Understanding venture capital in East Asia: The impact of institutions on the industry today and tomorrow . Journal of World Business , 39 ( 1 ) : 72 – 88 .
  • Carvalho , A. G. and Pennacchi , G. . Can a stock exchange improve corporate behavior? . Evidence from firms' migration to premium listings in Brazil. Working Paper, Social Science Research Network . http://ssrn.com/abstract=678282 (accessed December 2005)
  • Carvalho , A. G. , Ribeiro , L. and Furtado , C. 2006 . Private equity and venture capital in Brazil: The first census , Sao Paulo : Editora Saraiva .
  • Checa , G. , Leme , E. and Schreier , C. 2001 . The venture capital and private equity industry in Brazil . Journal of Private Equity , 4 ( 4 ) : 46 – 67 .
  • Cornelius , B. 2005 . The institutionalisation of venture capital . Technovation , 25 : 599 – 608 .
  • Cumming , D. and MacIntosh , J. . A law and finance analysis of venture capital exits in emerging markets . Working Paper, University of Alberta .
  • Cumming , D. , Schmidt , D. and Walz , U. . Legality and venture governance around the world . Working Paper, Center for Financial Studies, CFS Working Paper Series, no. 2004/17 .
  • Dossani , R. and Kenney , M. 2002 . Creating an environment for venture capital in India . World Development , 30 ( 2 ) : 227 – 253 .
  • EVCA . 2005 . “ Final activity figures for 2004 ” . Brussels, , Belgium : European Venture Capital Association .
  • Global Competitiveness Yearbook (online database) . 2005 . Lausanne, , Switzerland : IMD . http://www.imd.ch/research/publications/wcy/wcy_online.cfm (accessed December 2005)
  • Gompers , P. and Lerner , J. 1998 . What drives venture capital fundraising? . Brookings Papers on Economic Activity: Microeconomics , : 149 – 204 .
  • Gompers , P. and Lerner , J. 2002 . The venture capital cycle , Cambridge, MA : MIT Press .
  • Jeng , L. and Wells , P. 2000 . The determinants of venture capital funding: Evidence across countries . Journal of Corporate Finance , 6 ( 3 ) : 241 – 289 .
  • Johnson , H. and Pease , R. 2001 . Latin American private equity review & outlook , Wellesley, MA : Asset alternatives .
  • Kaplan , S. , Martel , F. and Strömberg , P. . How do legal differences and learning affect financial contracts? . Working Paper, National Bureau of Economic Research .
  • Kaufmann , D. , Kraay , A. and Mastruzzi , M. 2003 . Governance matters III: Governance indicators for 1996–2002 , Washington, DC : World Bank Policy Research Report Series .
  • Kuemmerle , W. 2001 . “ Comparing catalysts of change: Evolution and institutional differences in the venture capital industry in the US, Japan and Germany ” . In Research on technological innovation, management and policy , Edited by: Burgelman , R. and Chesbrough , H. 227 – 261 . Greenwich, CT : JAI Press .
  • Lambsdorff J. 2005 Corruption perception index Transparency International and University of Passau
  • Leeds , R. and Sunderland , J. 2003 . Private equity investing in emerging markets . Journal of Applied Corporate Finance , 15 ( 4 ) : 8 – 16 .
  • Lerner , J. and Schoar , A. 2005 . Does legal enforcement affect financial transactions? The contractual channel in private equity . Quarterly Journal of Economics , 120 ( 1 ) : 223 – 246 .
  • Mariz , F. and Savoia , J. 2005 . Private equity in Brazil: A comparative perspective . Journal of Private Equity , 9 ( 1 ) : 74 – 84 .
  • Megginson , W. 2004 . Toward a global model of venture capital? . Journal of Applied Corporate Finance , 16 ( 1 ) : 8 – 26 .
  • Minniti , M. , Bygrave , W. D. and Autio , E. 2006 . Global entrepreneurship monitor 2005 executive report , Babson Park, MA : Babson College and London: London Business School .
  • NVCA 2005 NVCA year in review Arlington, VA
  • OECD . 2002 . Venture capital: Trends and policy recommendations , Paris : OECD .
  • OECD . 2005 . Developments in venture capital and private equity since the end of the ‘tech bubble’ , Paris : OECD .
  • Pavani , C. . O Capital de Risco no Brasil: Conceito, Evolução e Perspectivas . Rio de Janeiro, RJ, E-papers .
  • Pereiro , L. 2001 . Tango and cash: Entrepreneurial finance and venture capital in Argentina . Venture Capital , 3 ( 4 ) : 291 – 308 .
  • PWC (PriceWaterhouseCoopers), Venture Economics and NVCA . 2005 . Moneytree survey: Full year and Q4 2004 results – US report http://www.pwcmoneytree.com
  • Reynolds , P. , Hay , M. , Bygrave , W. , Camp , S. and Autio , E. 2003 . Global entrepreneurship monitor: 2003 executive report , London : Babson College and London Business School .
  • Ribeiro , L. and Almeida , M. 2005 . Estratégia de Saída em Capital de Risco . Revista de Administração da Universidade de São Paulo (RAUSP) , 40 ( 1 ) : 55 – 67 .
  • Romain , A. and Van Pottelsberghe , B. . The determinants of venture capital: Additional evidence . Deutsche Bundesbank, Studies of the Economic Research Centre, 19 .
  • Sahlman , W. 1990 . The structure and governance of venture-capital organizations . Journal of Financial Economics , 27 ( 2 ) : 473 – 521 .
  • World Bank Development Indicators (online database) . 2005 . Washington, DC : World Bank . http://www.worldbank.org/data/ (accessed December 2005)
  • World Bank Doing Business Survey (online database) . 2005 . Washington, DC : World Bank . http://www.worldbank.org/data/ (accessed December 2005)
  • WorldTrade Executive . 2005 . Venture equity Latin America 2004 year end report Concord, MA

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.