Private equity in Poland after two decades of development: evolution, industry drivers, and returns

Darek Klonowski

Venture Capital, 2011, vol. 13, issue 4, 295-311

Abstract: Poland represents the most developed private equity market in Central and Eastern Europe (CEE) and is one of the leaders across emerging markets. This article provides an overview of two decades of private equity market development in Poland. Three main conclusions are offered. Firstly, private equity in Poland has developed in four distinct phases (development, expansion, stagnation, and buyout). Secondly, the continued development of private equity in Poland is deeply rooted in the four pillars of stable economic growth, strong entrepreneurship, institutional infrastructure improvements, and exit market development. Thirdly, the Polish private equity industry has generated strong and consistent average returns over the last two decades, both in comparison to other CEE countries and other emerging markets.

Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/13691066.2011.642146 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:veecee:v:13:y:2011:i:4:p:295-311

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/TVEC20

DOI: 10.1080/13691066.2011.642146

Access Statistics for this article

Venture Capital is currently edited by Colin Mason and Richard T. Harrison

More articles in Venture Capital from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().