THE ATTRACTIVENESS OF ROMANIA FOR VENTURE CAPITAL AND PRIVATE EQUITY INVESTORS

Brindusa � Maria Buzila ()
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Brindusa � Maria Buzila: Alexandru Ioan Cuza University of Iasi, Romania, Faculty of Economics andBusiness Administration, buzila_brandusa_feaa@yahoo.com, Iasi, Romania

Journal of Public Administration, Finance and Law, 2014, vol. 5, issue 5, 72-83

Abstract: This report examines Romania�s attractiveness for investors in terms of each of the six key drivers suggested by Groh, et al (2010) study: Economic Activity, Depth of Capital Market, Taxation, Investor Protection and Corporate Governance, Human and Social Environment, and Entrepreneurial Culture. The findings indicate that final position in Groh�s - The attractiveness of 27 European countries for Venture Capital and private Equity investors - top is justified. Nevertheless, the Romanian decision-makers managed, through considerable efforts, by means of various programs developed together with several European and international institutions, to create certain opportunities of improvement of the Romanian entrepreneurial environment and stimulation of innovation. This paper has certain limits; therefore the future research in this field might lead to a more thorough analysis of the difficulties that Romania faces in attracting private equity investors. The methods employed have in view the results from the literature in this field regarding the research issue, the US Commercial Service�s recommendations (Doing Business in Romania: 2013) and various statistics. Competent opinions in this field have been analyzed: investors, authorities, organizations, institutions.

Keywords: Private Equity; Venture Capital (search for similar items in EconPapers)
Date: 2014
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