O setor brasileiro de capital de risco : caracterização, oportunidades e perspectivas

• Autor(a) principal: Ferreira, Arian Bechara
• Data de Publicação: 2007
• Tipo de documento: Dissertação
• Idioma: por
• Título da fonte: Repositório Institucional da Universidade Federal Fluminense (RIUFF)
• Texto Completo: https://app.uff.br/riuff/handle/1/17603
• topic: Capital de risco; Investimento; Mercado de capital; Governança corporativa; Venture capital; Investments; Capital market; CNPQ::ENGENHARIAS::ENGENHARIA DE PRODUCAO

All over the world, the venture capital is showing its vocation to leverage growing companies and make the ideas of their entrepreneur s became true in a professional way, in a company that is able to generate sustainable results in the long term. Other important point is that the venture capitalist invests in companies that have high potential growth, specially small and medium-sized ones, that generate employments and they are very important for growing countries. The venture capital is becoming a big player in the brazilian capital market, that still in its infancy, but in the last years is showing great investment opportunities, like the IPO s. In 2006, the amount of new capital issued by brazilian corporations was of R$ 15,2 billions in 26 operations. Therefore, we have to analyse the actual moment of the brazilian capital market to take conclusions about the future of the venture capital in Brazil. The smaller volatility is a result of the adjustments in the macroeconomy and, as a consequence, the positive impact in the brazilian equities prices. In addition, Brazil should became Investment Grade in a few years and it will increase the foreign financial flow into the country. The scenery for the growing and development of the brazilian capital market is positive and, therefore, for the brazilian venture capital. Nevertheless, there are some risks, as: global contraction, the fall of the prices of commodities and the low investment in infrastructure. Other important analysis about brazilian venture capital is about the regulation of the State, through the CVM and even as an investor, through the BNDES.