Screening and valuing venture capital investments: evidence from Hungary,Poland and Slovakia |
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| Authors: | Judit Karsai Mike Wright Zbigniew Dudzinski Jan Morovic |
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| Institution: | 1. Research Institute of Industrial Economics of the Hungarian Academy of Sciences , Budapest, Hungary;2. Centre for Management Buy-out Research, School of Management and Finance, University of Nottingham , Nottingham, NG7 2RD, UKCorresponding author;3. Technical University of Lublin , Lublin, Poland;4. City University Bratislava , Bratislava, Slovakia |
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| Abstract: | This paper examines the screening and valuation approaches used by venture capital firms in emerging markets using evidence from surveys of venture capital firms in Hungary, Poland and Slovakia. The results show notable differences in the state of development and operation of the venture capital markets both between the three countries and in comparison with the developed UK venture capital market, especially in relation to the degree of equity ownership sought by venture capitalists, the information used in deal screening and valuation methods. |
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| Keywords: | venture capital Central and Eastern Europe privatization |
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