Private Equity Market in Romania. Why Is its Infancy so Long?

Sorin Anton ()

Ovidius University Annals, Economic Sciences Series, 2016, vol. XVI, issue 1, 441-446

Abstract: The aim of the paper is to analyze the evolution of the Private equity market in Romania in the aftermath of the latest global financial crisis. Using data provided by European Private Equity & Venture Capital Association (EVCA), we found that the development of the Romanian private equity market has been affected by the low size and liquidity of the Romanian stock market, the high level of taxation, and the consequences of the latest global financial crisis. We consider that government support is needed in order to create a functional private equity in Romania. Our findings are useful for policy makers, academics, and practitioners.

Keywords: private equity; venture capital; Romania; emerging markets; public policy. (search for similar items in EconPapers)
JEL-codes: G24 G30 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xvi:y:2016:i:1:p:441-446

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