Estudo sobre a captação dos fundos de Private Equity e Venture Capital
Autor(a) principal: | |
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Data de Publicação: | 2014 |
Tipo de documento: | Dissertação |
Idioma: | por |
Título da fonte: | Repositório Institucional da Universidade Federal do Espírito Santo (riUfes) |
Texto Completo: | http://repositorio.ufes.br/handle/10/1317 |
Resumo: | This study aims to evaluate the factors that might explain the fundraising of Private Equity and Venture Capital funds (PE/VC). Generally, the proposal is to investigate empirically what are the factors that impact on fundraising of PE/VC funds. The sample was composed of 25 countries and a timeline of 6 years (2006-2011). Six factors were identified: Economic Activity, Development of Stock Markets, Corporate Governance, Social-environmental Development, Entrepreneurship and Taxation. I constructed through factor analysis six factors that were composed of 26 variables. Through multiple regression were investigated relationships between fundraising of PE/VC funds and the factors generated. The results showed that despite the significant factors being tested, the uptake of resources is strongly influenced by the level of development of the stock market. The findings become relevant because argue a growing reality in Brazil and the world, since the market for PE/VC solidifies itself as an alternative of fundraising. |
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Macedo, Marcelo Álvaro da SilvaDias, Ricardo dos SantosSilva Filho, Alvim Borges daSarlo Neto, Alfredo2015-03-06T19:11:13Z2016-06-24T06:00:06Z2015-11-212014-11-21This study aims to evaluate the factors that might explain the fundraising of Private Equity and Venture Capital funds (PE/VC). Generally, the proposal is to investigate empirically what are the factors that impact on fundraising of PE/VC funds. The sample was composed of 25 countries and a timeline of 6 years (2006-2011). Six factors were identified: Economic Activity, Development of Stock Markets, Corporate Governance, Social-environmental Development, Entrepreneurship and Taxation. I constructed through factor analysis six factors that were composed of 26 variables. Through multiple regression were investigated relationships between fundraising of PE/VC funds and the factors generated. The results showed that despite the significant factors being tested, the uptake of resources is strongly influenced by the level of development of the stock market. The findings become relevant because argue a growing reality in Brazil and the world, since the market for PE/VC solidifies itself as an alternative of fundraising.O estudo tem por objetivo avaliar os fatores que possam explicar a captação de recursos (fundraising) dos fundos de Private Equity e Venture Capital (PE/VC). Em linhas gerais, a proposta é averiguar empiricamente quais são os fatores que impactam na captação de recursos pelos fundos de PE/VC. A amostra foi formada por 25 países e em um espaço temporal de 6 anos (2006-2011). Foram identificados seis fatores: atividade econômica, desenvolvimento do mercado de capitais, governança corporativa, desenvolvimento socioambiental, empreendedorismo e tributação. Assim, construiu-se através de Análise Fatorial seis fatores que foram compostos por 26 variáveis. Por meio de regressão múltipla foram investigadas as relações entre a captação de recursos por parte dos fundos PE/VC e os fatores gerados. Os resultados demonstraram que apesar dos fatores testados serem significativos, a captação dos recursos é fortemente influenciada pelo nível de desenvolvimento do mercado de capitais. Os resultados aqui encontrados se tornam relevantes, pois discutem uma realidade crescente tanto no Brasil quanto no mundo, visto que o mercado de PE/VC solidifica-se como alternativa de captação de recursos.Texthttp://repositorio.ufes.br/handle/10/1317porUniversidade Federal do Espírito SantoMestrado em Ciências ContábeisPrograma de Pós-Graduação em Ciências ContábeisUFESBRCentro de Ciências Jurídicas e EconômicasFundraisingFinançasPrivate Equity e Venture CapitalAnálise FatorialFundo de investimentoMercado financeiroCiências Contábeis657Estudo sobre a captação dos fundos de Private Equity e Venture Capitalinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisinfo:eu-repo/semantics/openAccessreponame:Repositório Institucional da Universidade Federal do Espírito Santo (riUfes)instname:Universidade Federal do Espírito Santo (UFES)instacron:UFESCC-LICENSElicense_urllicense_urltext/plain; charset=utf-849http://repositorio.ufes.br/bitstreams/2618b01b-ebdd-45b3-b123-221598ac39d4/download4afdbb8c545fd630ea7db775da747b2fMD52license_textlicense_texttext/html; charset=utf-822376http://repositorio.ufes.br/bitstreams/377ac9e4-9e99-44ac-bd3a-e037c7fdc004/downloadb292a83e42bd8ad62533bba1395b83ffMD53license_rdflicense_rdfapplication/rdf+xml; charset=utf-823148http://repositorio.ufes.br/bitstreams/18f99954-8bf2-42dd-9b39-1a4844fe4c0e/download9da0b6dfac957114c6a7714714b86306MD54LICENSElicense.txtlicense.txttext/plain; charset=utf-81748http://repositorio.ufes.br/bitstreams/c5bbeff0-f868-4b65-9ab2-0a0f91a664cf/download8a4605be74aa9ea9d79846c1fba20a33MD55ORIGINALDissertação Ricardo dos Santos.pdfDissertação Ricardo dos Santos.pdfTexto completoapplication/pdf849191http://repositorio.ufes.br/bitstreams/d7da8a81-fb16-424c-b860-eb9387fab13e/download6b7ff768a31fcbd40a6b330171bf102aMD5110/13172024-07-02 21:22:44.816oai:repositorio.ufes.br:10/1317http://repositorio.ufes.brRepositório InstitucionalPUBhttp://repositorio.ufes.br/oai/requestopendoar:21082024-07-11T14:40:48.285201Repositório Institucional da Universidade Federal do Espírito Santo (riUfes) - Universidade Federal do Espírito Santo (UFES)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 |
dc.title.none.fl_str_mv |
Estudo sobre a captação dos fundos de Private Equity e Venture Capital |
title |
Estudo sobre a captação dos fundos de Private Equity e Venture Capital |
spellingShingle |
Estudo sobre a captação dos fundos de Private Equity e Venture Capital Dias, Ricardo dos Santos Fundraising Finanças Private Equity e Venture Capital Análise Fatorial Fundo de investimento Mercado financeiro Ciências Contábeis 657 |
title_short |
Estudo sobre a captação dos fundos de Private Equity e Venture Capital |
title_full |
Estudo sobre a captação dos fundos de Private Equity e Venture Capital |
title_fullStr |
Estudo sobre a captação dos fundos de Private Equity e Venture Capital |
title_full_unstemmed |
Estudo sobre a captação dos fundos de Private Equity e Venture Capital |
title_sort |
Estudo sobre a captação dos fundos de Private Equity e Venture Capital |
author |
Dias, Ricardo dos Santos |
author_facet |
Dias, Ricardo dos Santos |
author_role |
author |
dc.contributor.advisor1.fl_str_mv |
Macedo, Marcelo Álvaro da Silva |
dc.contributor.author.fl_str_mv |
Dias, Ricardo dos Santos |
dc.contributor.referee1.fl_str_mv |
Silva Filho, Alvim Borges da |
dc.contributor.referee2.fl_str_mv |
Sarlo Neto, Alfredo |
contributor_str_mv |
Macedo, Marcelo Álvaro da Silva Silva Filho, Alvim Borges da Sarlo Neto, Alfredo |
dc.subject.por.fl_str_mv |
Fundraising Finanças Private Equity e Venture Capital Análise Fatorial Fundo de investimento Mercado financeiro |
topic |
Fundraising Finanças Private Equity e Venture Capital Análise Fatorial Fundo de investimento Mercado financeiro Ciências Contábeis 657 |
dc.subject.cnpq.fl_str_mv |
Ciências Contábeis |
dc.subject.udc.none.fl_str_mv |
657 |
description |
This study aims to evaluate the factors that might explain the fundraising of Private Equity and Venture Capital funds (PE/VC). Generally, the proposal is to investigate empirically what are the factors that impact on fundraising of PE/VC funds. The sample was composed of 25 countries and a timeline of 6 years (2006-2011). Six factors were identified: Economic Activity, Development of Stock Markets, Corporate Governance, Social-environmental Development, Entrepreneurship and Taxation. I constructed through factor analysis six factors that were composed of 26 variables. Through multiple regression were investigated relationships between fundraising of PE/VC funds and the factors generated. The results showed that despite the significant factors being tested, the uptake of resources is strongly influenced by the level of development of the stock market. The findings become relevant because argue a growing reality in Brazil and the world, since the market for PE/VC solidifies itself as an alternative of fundraising. |
publishDate |
2014 |
dc.date.submitted.none.fl_str_mv |
2014-11-21 |
dc.date.accessioned.fl_str_mv |
2015-03-06T19:11:13Z |
dc.date.issued.fl_str_mv |
2015-11-21 |
dc.date.available.fl_str_mv |
2016-06-24T06:00:06Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
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publishedVersion |
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http://repositorio.ufes.br/handle/10/1317 |
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por |
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info:eu-repo/semantics/openAccess |
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openAccess |
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Text |
dc.publisher.none.fl_str_mv |
Universidade Federal do Espírito Santo Mestrado em Ciências Contábeis |
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Programa de Pós-Graduação em Ciências Contábeis |
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UFES |
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BR |
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Centro de Ciências Jurídicas e Econômicas |
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Universidade Federal do Espírito Santo Mestrado em Ciências Contábeis |
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