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Article Dans Une Revue Journal of International Money and Finance Année : 2009

How attractive is central Eastern Europe for risk capital investors?

Résumé

This paper addresses the attractiveness of Central Eastern European countries for risk capital investors by the construction of a tailored composite measure. Based on a survey among institutional investors, we define six key drivers that determine an emerging country's attractiveness for this type of investment. Using 42 socio-economic data series as proxies for these six key drivers, we benchmark the Central Eastern European countries with EU-15, Norway, and Switzerland and identify six tier groups of country attractiveness. We highlight socio-economic strengths and weaknesses of Central Eastern Europe and provide guidelines for policy improvements to attract more risk capital funding to spur innovation, entrepreneurship, employment, competitiveness and growth in the emerging region.
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Dates et versions

hal-02312824 , version 1 (16-03-2020)

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  • HAL Id : hal-02312824 , version 1

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Alexander Groh, Heinrich Von Liechtenstein. How attractive is central Eastern Europe for risk capital investors?. Journal of International Money and Finance, 2009, 28 (4), pp.625-647 P. ⟨hal-02312824⟩

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