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Trends In Venture Capital Finance In Developing Countries

Trends in Venture Capital Finance in Developing Countries PDF
Author: Anthony H. Aylward
Publisher: World Bank Publications
ISBN: 9780821343036
Size: 55.81 MB
Format: PDF, Docs
Category : Business & Economics
Languages : en
Pages : 31
View: 981

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IFC Discussion Paper No. 36. This paper presents an analysis of new data on venture capital in developing countries. The data from the regional venture capital associations detail sources and uses of venture financing flows by region, country, industry, type of investing institution, and stage of venture investment. The survey data detail fund organization, deal screening, capital structure, agency cost characteristics of asset structure, measures of entrepreneur human capital, and investment monitoring and control.

Trends In Private Investment In Developing Countries

Trends in Private Investment in Developing Countries PDF
Author: Stephen S. Everhart
Publisher: World Bank Publications
ISBN: 9780821350102
Size: 70.80 MB
Format: PDF, ePub, Docs
Category : Business & Economics
Languages : en
Pages : 54
View: 5020

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La edicion de 2001 se centra en la relacion entre inversion publica e inversion privada. El foco de este a?o esta en la calidad de la inversion publica, de su interaccion con la corrupcion, y del impacto que resulta en la inversion privada.

Trends In Private Investment In Developing Countries

Trends in Private Investment in Developing Countries PDF
Author: Lawrence Bouton
Publisher: World Bank Publications
ISBN: 9780821347850
Size: 27.15 MB
Format: PDF, Kindle
Category : Business & Economics
Languages : en
Pages : 46
View: 1685

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This discussion paper examines in its first part, the role of private investment in economic growth. While theoretical growth models developed in the economics literature, make no distinction between private, and public components of investment, there is an emerging appreciation that private investment is more efficient, and productive tan public investment. Results from the recent empirical literature, updated here with the recent data on private investment, suggest that private investment has a stronger association with long run economic growth than public investment. The second part shows trends in private, and public fixed investment in fifty developing countries. On average, the ratio of private investment to GDP continued its upward trend, reaching record levels in 1998, the most recent year for which comparable data exist. That year, average private investment reached 14.3 percent of GDP, but public investment, fell to only 7.0 percent of GDP, its lowest level since 1974.

Trends In Private Investment In Developing Countries

Trends in Private Investment in Developing Countries PDF
Author: Guy Pierre Pfeffermann
Publisher: World Bank Publications
ISBN: 9780821344750
Size: 14.40 MB
Format: PDF, ePub, Mobi
Category : Business & Economics
Languages : en
Pages : 46
View: 3395

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This is the tenth annual edition of "Trends in Private Investment in Developing Countries." To mark this event, this report includes figures for each of the countries for which data are available as well as the first country-specific results of a worldwide survey on obstacles to doing business perceived by executives in 74 countries (including several industrial countries for comparison). The first part of this report documents trends in private and public fixed investment. The second part presents country-specific results of a 1996/97 worldwide survey of business executives. The discussion focus on obstacles to doing business and their relationship to levels of private investment. A few factors emerge as being of particular importance to private investment decisions:the real exchange rate, the rule of law, predictability of judiciary systems, and the extent to which financing is available to enterprises.

The Growth Of Venture Capital

The Growth of Venture Capital PDF
Author: Dilek Çetindamar
Publisher: Greenwood Publishing Group
ISBN: 9781567205817
Size: 77.57 MB
Format: PDF, ePub
Category : Business & Economics
Languages : en
Pages : 336
View: 5182

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Identifies factors that influence the emergence and growth of venture capital industries around the world, illuminating the various ways in which innovations are financed and enterpreneurship is encouraged.

Financial Systems Corporate Investment In Innovation And Venture Capital

Financial Systems  Corporate Investment in Innovation  and Venture Capital PDF
Author: Anthony Bartzokas
Publisher: Edward Elgar Publishing
ISBN: 1845420640
Size: 58.54 MB
Format: PDF, Docs
Category : Business & Economics
Languages : en
Pages : 288
View: 489

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"Financial Systems, Corporate Investment in Innovation, and Venture Capital is a text for scholars and students of the theory and practice of financing innovation. It will also be a source for governments, NGOs, financial institutions and multilateral agencies interested in the practicalities of promoting technology-based small and medium enterprises."--BOOK JACKET.

Handbook Of Research On Venture Capital

Handbook of Research on Venture Capital PDF
Author: Hans Landstr”m
Publisher: Edward Elgar Publishing
ISBN: 1781009112
Size: 41.37 MB
Format: PDF
Category : Business & Economics
Languages : en
Pages : 304
View: 1695

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ÔThis exciting second volume of cutting-edge research on venture capital takes up where volume one leaves off, bringing greater depth to topics covered in the first volume (such as angel investing) and adding new topics and insights. It poses interesting questions such as Ð Is venture capital in crisis? Are new models of early investing needed? Ð and offers carefully researched answers. Landstršm and Mason provide insightful commentary and skillfully pinpoint the contributions of a talented set of researchers. Both scholars and practitioners of venture capital will want to read this book.Õ Ð Harry J. Sapienza, University of Minnesota, US ÔThe second edition of the Handbook of Research on Venture Capital provides an important guidepost for venture capital researchers. As Landstršm and Mason point out, the nature of venture capital has changed dramatically over the last ten years. The asset class as a whole has failed to return principal and the old model is under tremendous strain. The contributors nicely highlight many of these changes, especially how venture capital has scaled beyond the US. For those of us active in venture capital research, the chapters raise many interesting research questions that deserve further attention.Õ Ð Andrew Zacharakis, Babson College, US This Handbook charts the development of venture capital research in light of the global financial crisis, starting with an analysis of the current venture capital market and the changing nature of the business angel market. Looking at governance structures, the performance of venture capitalists in terms of investments, economic impact and human capital, and the geographical organization of business angels and venture capital global ÔhotspotsÕ, this book also analyses the current state of venture capital research and offers a roadmap for the future.

Firm Size And The Business Environment

Firm Size and the Business Environment PDF
Author: Mirjam Schiffer
Publisher: World Bank Publications
ISBN: 9780821350034
Size: 22.81 MB
Format: PDF, Mobi
Category : Business & Economics
Languages : en
Pages : 51
View: 4731

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The development of the small and medium enterprise sector is deemed crucial for economic growth and poverty alleviation. Such firms are often though to be at a disadvantage when compared with larger enterprises, but the reverse can apply, for example in the more flexible approach of the smaller firm. This paper draws on a private sector survey in 80 countries examining whether business obstacles are related to firm size. It finds a bias against small firms, which experience significantly greater problems than large firms with financing, taxes and regulations, inflation, corruption and street crime. These problems should be the prime targets of policies aimed at reducing inequity.

Leapfrogging

Leapfrogging  PDF
Author: Robert R. Miller
Publisher: World Bank Publications
ISBN: 9780821349502
Size: 73.65 MB
Format: PDF, Docs
Category : Technology & Engineering
Languages : en
Pages : 31
View: 5892

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IT and the Internet have been seen as a way to enable developing countries to leapfrog over the development path and increase their rate of growth. This paper reviews the situation in India, where the government has strongly encouraged the development of information technology. Although the software sector has become a large and growing export industry there are still the general problems of poor infrastructure and low public investment alongside regulations and controls that can stifle growth. These factors will limit any leapfrogging as economic growth depends on complementary and complicated interactions.

A Market Oriented Strategy For Small And Medium Scale Enterprises

A Market oriented Strategy for Small and Medium Scale Enterprises PDF
Author: Kristin Hallberg
Publisher: World Bank Publications
ISBN: 9780821347270
Size: 66.92 MB
Format: PDF, ePub, Docs
Category : Business & Economics
Languages : en
Pages : 25
View: 143

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This paper investigates the economic rationale for intervention in support of small and medium scale enterprises, on both theoretical and empirical grounds. It argues that the justification for SME interventions lies in market and institutional failures that bias the size distribution of firms, rather than on any inherent economic benefits provided by small firms. The role of the state is mainly to provide an enabling business environment that opens access to markets and reduces policy-induced biases against small firms. Governments can accelerate the development of markets for financial and non-financial services suited to SMEs by promoting innovation in products and delivery mechanisms, and by building institutional capacity. Improving the development impact of SME strategies will require much more attention to the monitoring and evaluation of intervention outcomes.

Primary Securities Markets

Primary Securities Markets PDF
Author: Anthony H. Aylward
Publisher: World Bank Publications
ISBN: 9780821345221
Size: 36.22 MB
Format: PDF, Kindle
Category : Business & Economics
Languages : en
Pages : 37
View: 2599

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IFC Discussion Paper No. 39.During the period 1980-95, the level of activity increased dramatically for funds raised domestically via issues of debt and equity securities in public capital markets in 32 countries. There were also substantial differences in the level of activity across markets and countries. This paper examines aggregate domestic primary capital market activity in a cross section of countries, including 24 emerging markets. It defines exactly how important a role financial markets have played in raising capital for investment.In this pioneering work, the authors compile aggregate data on primary market activity for a recent period of time, which allows them to quantify the size of the markets and how they have evolved over time. Through their analysis, the authors document the rapidly increasing importance of primary capital markets in many developing countries, where, relative to GDP, these markets now source as much private capital as their developed country counterpart.

Time To Rethink Privatization In Transition Economies

Time to Rethink Privatization in Transition Economies  PDF
Author: John R. Nellis
Publisher: World Bank Publications
ISBN: 9780821345030
Size: 80.34 MB
Format: PDF, Kindle
Category : Business & Economics
Languages : en
Pages : 29
View: 2424

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IFC Discussion Paper No. 38.QUOTEIt is now universally acknowledged that ownership matters; that private ownership in and of itself is a major determinant of good performance in firms... Decent economic policy and well-functioning legal and administrative institutions... matter greatly as well.QUOTEThis paper looks at what happens when the shift to private ownership gets far out in front of the effort to build the institutional underpinnings of a capitalist economy. The emphasis is on what went wrong and why and what, if anything, can be done to be correct it. Proposals include renationalization and/or postponement of further privatization, both to be accompanied by measures to strengthen the managerial capacities of the state. Neither approach seems likely to produce short-term improvements. The regrettable fact is that governments that botch privatization are equally likely to botch the management of state-owned firms. In a number of Central European transition countries, privatization is living up to expectations; and there is no need for such measures. For institutionally-weak countries, the less dramatic but reasonable short-term course of action is to push ahead more slowly with case- by-case and tender privatization in cooperation with the international assistance community in hopes of producing some success stories that will lead by example.

Venture Capital In Europe

Venture Capital in Europe PDF
Author: Greg N. Gregoriou
Publisher: Elsevier
ISBN: 0080466079
Size: 77.65 MB
Format: PDF, ePub, Docs
Category : Business & Economics
Languages : en
Pages : 432
View: 2579

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Until recently, only the United States had an active venture capital market. This is changing rapidly, as many other countries have experienced rapid growth in venture capital financing over the past five years. This book contains new scientific articles showcasing the latest research on venture capital in Europe. Venture capital investment remains a hot topic with portfolio managers, individual investors, academics worldwide. This book examines in detail all the major issues regarding venture capital investment: contracting, financing, regulation, valuation, etc. and identifies new trends in the venture capital arena. Features a foreword by Josh Lerner. *The only book in which academics from around the world present the latest research on venture capital in Europe *Covers all of Europe as well as including overview papers about venture capital industry, public and private venture capital, valuation, financing, contracting, structuring, regulation, etc. *Comprehensive, authoritative coverage

Trends In Private Investment In Developing Countries 1995

Trends in Private Investment in Developing Countries 1995 PDF
Author: Jack D. Glen
Publisher: World Bank Publications
ISBN: 9780821331835
Size: 11.21 MB
Format: PDF
Category : Business & Economics
Languages : en
Pages : 38
View: 7465

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IFC Discussion Paper No. 25. Presents tables and graphs of updated statistics on private investment in developing countries between 1980 and 1993. Text focuses on capital flows that contribute to the financing of private investment. This six

Public Financial Institutions In Developed Countries Organization And Oversight

Public Financial Institutions in Developed Countries   Organization and Oversight PDF
Author: Aditya Narain
Publisher: International Monetary Fund
ISBN: 1451867913
Size: 74.81 MB
Format: PDF, ePub, Docs
Category : Business & Economics
Languages : en
Pages : 28
View: 3238

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While public financial institutions (such as public development banks) are commonly associated with developing countries, in fact they are prevalent in the developed world as well. We study a sample of public financial institutions in industrialized countries and identify dominant trends in their organization and oversight. While practices in developed countries may be a useful reference point, a more nuanced approach, accounting for the disparity of institutional environment, regulatory capacity, and government accountability and effectiveness, may be required in developing countries. Further investment in the accumulation of evidence and formulation of best practices in the organization and oversight of public financial institutions seems warranted and necessary. This paper was prepared while Mr. Ratnovski was working in the Financial Supervision and Regulation Division during January-April 2006. The authors are grateful to Jonathan Fiechter, David Marston, and participants of an MCM seminar in April 2006 for their helpful comments.

Finance Development September 1992

Finance   Development  September 1992 PDF
Author: International Monetary Fund. External Relations Dept.
Publisher: International Monetary Fund
ISBN: 1451952090
Size: 39.29 MB
Format: PDF, Mobi
Category : Business & Economics
Languages : en
Pages : 56
View: 5850

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For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterly magazine brings you in-depth analyses of these and other subjects by the IMF’s own staff as well as by prominent international experts. Articles are written for lay readers who want to enrich their understanding of the workings of the global economy and the policies and activities of the IMF.

Trends In Private Investment In Developing Countries

Trends in Private Investment in Developing Countries PDF
Author: Jack D. Glen
Publisher: World Bank Publications
ISBN: 9780821342329
Size: 74.14 MB
Format: PDF, ePub, Docs
Category : Business & Economics
Languages : en
Pages : 20
View: 2352

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Private investment in developing countries continued its upward trend in 1996, the most recent year for which data exist, on an unweighted average basis. Public investment rates continued a decline that began in the early 1980s. The largest increases in private investment between 1995 and 1996 occurred in Malawi, Mauritania, Benin, Papua New Guinea, and Bolivia, suggesting that the private firms in some of the world's poorest countries are showing a strong supply response. This year's edition includes statistics for four major Organization for Economic Co-operation & Development (OECD) countries for comparison with developing country trends. It also includes a discussion of domestic capital markets in financing private investment; even though stock and bond markets have grown at a rapid rate, they play only a minor role in financing investment in the developing countries where banks are a more important source of financing.

Microfinance Investment Funds

Microfinance Investment Funds PDF
Author: Ingrid Matthäus-Maier
Publisher: Springer Science & Business Media
ISBN: 3540280715
Size: 60.30 MB
Format: PDF
Category : Business & Economics
Languages : en
Pages : 291
View: 5736

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Microfinance spans the range of finance, from the most simple enterprise to the complexity of capital markets. KfW actively promotes microfinance investment funds and other activities that facilitate the growth of microfinance. This book is an expression of KfW's role as information broker and trend setter. It offers a comprehensive range of perspectives and themes related to microfinance investment and its promotion.

Financing Southeast Asia S Economic Development

Financing Southeast Asia s Economic Development PDF
Author: Nick J Freeman
Publisher: Institute of Southeast Asian Studies
ISBN: 9789812301819
Size: 71.25 MB
Format: PDF, ePub
Category : Business & Economics
Languages : en
Pages : 372
View: 6672

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This book examines the various policy options open to the ten countries of the region for improving and diversifying their financial resources. The Asian financial crisis exposed the vulnerabilities of Southeast Asia’s bank-based finance sector, and illustrated the pressing need to develop a more robust and multi-faceted financial infrastructure across the region. Looking ahead, sustained economic development in Southeast Asia will be constrained unless the region can embrace new sources of capital. Authored by experts in their respective fields, the chapters of this book examine such issues as the region’s current debt burden, the region’s banking sector since the 1997–98 crisis, micro-financing efforts in the region, new opportunities in project financing, developing venture capital capabilities, reviving foreign direct investment inflows, creating bond markets, developing the region’s lacklustre equity markets, and the potential benefits of financial integration.

Innovation In Global Industries

Innovation in Global Industries PDF
Author: National Research Council
Publisher: National Academies Press
ISBN: 0309134285
Size: 46.95 MB
Format: PDF
Category : Computers
Languages : en
Pages : 386
View: 5437

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The debate over offshoring of production, transfer of technological capabilities, and potential loss of U.S. competitiveness is a long-running one. Prevailing thinking is that "the world is flat"â€"that is, innovative capacity is spreading uniformly; as new centers of manufacturing emerge, research and development and new product development follow. Innovation in Global Industries challenges this thinking. The book, a collection of individually authored studies, examines in detail structural changes in the innovation process in 10 service as well as manufacturing industries: personal computers; semiconductors; flat-panel displays; software; lighting; biotechnology; pharmaceuticals; financial services; logistics; and venture capital. There is no doubt that overall there has been an acceleration in global sourcing of innovation and an emergence of new locations of research capacity and advanced technical skills, but the patterns are highly variable. Many industries and some firms in nearly all industries retain leading-edge capacity in the United States. However, the book concludes that is no reason for complacency about the future outlook. Innovation deserves more emphasis in firm performance measures and more sustained support in public policy. Innovation in Global Industries will be of special interest to business people and government policy makers as well as professors, students, and other researchers of economics, management, international affairs, and political science.