Abstract
estimation techniques Extreme Bounds Analysis, this work identifies growth in domestic product growth, corporation tax rate, disclosure index and investors’ protection index as 'robust' set of determinants of private equity. Also, inflation, stock market value, property right index, legal costs, lending rate and time in days to start business as likely robust. The result suggests the need to enhance business confidence in the country not only through robust monetary and fiscal policy but also legal system.
| Original language | English |
|---|---|
| Pages (from-to) | 51-60 |
| Number of pages | 10 |
| Journal | Journal of Investment and Management |
| Volume | 3 |
| Issue number | 3 |
| DOIs | |
| Publication status | Published - 30 Sep 2014 |
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Keywords
- Emerging markets
- Private equity
- Venture capital
Cite this
The macroeconomic and environmental determinants of private equity in emerging Asia market : The application of extreme bounds analysis. / Oino, Isaiah.
In: Journal of Investment and Management, Vol. 3, No. 3, 30.09.2014, p. 51-60.Research output: Contribution to journal › Article
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TY - JOUR
T1 - The macroeconomic and environmental determinants of private equity in emerging Asia market
T2 - The application of extreme bounds analysis
AU - Oino, Isaiah
PY - 2014/9/30
Y1 - 2014/9/30
N2 - There is a great debate on the significance of the stable economic and well structure legal system on the commercialization, innovation and employment in modern economies. Private equity activities play a significant role in these three aspects. The purpose of this work is to investigate the macroeconomic and environmental determinants of private equity investment in nine major Asian countries. The estimations are based on a data set running from 2004 to 2013. Applying robustestimation techniques Extreme Bounds Analysis, this work identifies growth in domestic product growth, corporation tax rate, disclosure index and investors’ protection index as 'robust' set of determinants of private equity. Also, inflation, stock market value, property right index, legal costs, lending rate and time in days to start business as likely robust. The result suggests the need to enhance business confidence in the country not only through robust monetary and fiscal policy but also legal system.
AB - There is a great debate on the significance of the stable economic and well structure legal system on the commercialization, innovation and employment in modern economies. Private equity activities play a significant role in these three aspects. The purpose of this work is to investigate the macroeconomic and environmental determinants of private equity investment in nine major Asian countries. The estimations are based on a data set running from 2004 to 2013. Applying robustestimation techniques Extreme Bounds Analysis, this work identifies growth in domestic product growth, corporation tax rate, disclosure index and investors’ protection index as 'robust' set of determinants of private equity. Also, inflation, stock market value, property right index, legal costs, lending rate and time in days to start business as likely robust. The result suggests the need to enhance business confidence in the country not only through robust monetary and fiscal policy but also legal system.
KW - Emerging markets
KW - Private equity
KW - Venture capital
U2 - 10.11648/j.jim.20140303.12
DO - 10.11648/j.jim.20140303.12
M3 - Article
VL - 3
SP - 51
EP - 60
JO - Journal of Investment and Management
JF - Journal of Investment and Management
SN - 2328-7721
IS - 3
ER -