Private equity and venture capital – theoretical considerations

Zbigniew Drewniak

DOI: http://dx.doi.org/10.12775/CJFA.2013.004

Abstract


Private equity and venture capital are still recognized as a modern source of companies funding. Studying the literature and some market information we can notice that the terms private equity and venture capital are often treated as synonyms or even confused. The article pointed out the discrepancies referring to the understanding of concepts – private equity and venture capital. It also refers to PE/VC market that can be understand differently what can influence how the statistics data are read.


Keywords


private equity; venture capital

Full Text:

PDF (Polish)

References


Directive 2011/61/EU of the European Parliament and of the Council of 8 June 2011 on Alternative Investment Fund Managers and amending Directives 2003/41/EC and 2009/65/EC and Regulations (EC) No. 1060/2009 and (EU) No. 1095/2010, Brussels.

Bartlett J. W. (1999), Fundamentals of Venture Capital, Madison Books, Lanham.

Brzozowska K. (2008), Business angels na rynku kapitałowym. Motywacje – inwestowanie – efekty, CeDeWu, Warszawa.

EVCA, http://www.evca.eu (dostęp: 17.03.2013).

EVCA Yearbook (2007, 2008, 2009, 2010, 2011, 2012), EVCA, Zaventem, Belgia.

Fraser-Sampson G. (2007), Private equity as an asset class, John Wiley & Sons, Chichester.

Gladstone D., Gladstone L. (2002), Venture Capital Handbook. An Entrepreneur’s Guide to Raising Venture Capital, Prentice Hall, New Jersey.

Gompers P., Lerner J. (2006), The Venture Capital Cycle, The MIT Press, Cambridge Massachusetts.

A Guide to Private Equity (2010), BVCA, London.

Hass W. J., Laffer A. B., Pryor S. G. (2009), The Private Equity Edge: How Private Equity Players and the World’s Top Companies Build Value and Wealth, McGraw-Hill, New York.

Ken R., Wright M. (1998), Venture capital and private equity: a review and synthesis, Journal of Business Finance and Accounting, June/July, vol. 25, issue 5/6.

Kornasiewicz A. (2004), Venture Capital w krajach rozwiniętych i w Polsce, CeDeWu, Warszawa.

Mikołajczyk B., Krawczyk M. (2007), Aniołowie biznesu w sektorze MSP, Difin, Warszawa. NVCA Yearbook (2010), Thomson Reuters, Arlington.

Panfil M. (2005), Fundusze private equity. Wpływ na wartość spółki, Difin, Warszawa.

Prowse S. D. (1998), The economics of private equity, Economic Review, 3rd Quarter.

Sieradzan P., Sobańska K. (2004), Inwestycje private equity/venture capital, Key Text, Warszawa.

Tamowicz P. (2004), Venture capital – kapitał na start, PARP, Gdańsk.

Węcławski J. (1997), Venture capital. Nowy instrument finansowania przedsiębiorstw, PWN, Warszawa.

Wrzesiński M. (2008), Kapitał podwyższonego ryzyka. Proces inwestycyjny i efektywność, SGH, Warszawa.








ISSN 2300-1240 (print)
ISSN 2300-3065 (online)

Partnerzy platformy czasopism