Journal articles: 'Private investments'

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Richman, Peter B. "Private Investments." Emergency Medicine News 29, no. 11 (November 2007): 28–30. http://dx.doi.org/10.1097/01.eem.0000298839.52903.d5.

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Badertscher, Brad A., Devin M. Shanthikumar, and Siew Hong Teoh. "Private Firm Investment and Public Peer Misvaluation." Accounting Review 94, no. 6 (January 1, 2019): 31–60. http://dx.doi.org/10.2308/accr-52369.

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ABSTRACT We study how public firm misvaluation affects private peer firm investments. An economic competition hypothesis predicts a negative relation because misvaluation-induced new investment by public firms crowds out investment by private peers that share common input or output markets. An alternative shared sentiment hypothesis predicts a positive relation because private firm stakeholders share in the sentiment associated with misvaluation in public markets. Misvaluation is proxied using both the price-to-fundamental ratio and an exogenous instrument obtained from mutual fund flows. The evidence is consistent with the shared sentiment hypothesis, and robust to alternative treatments for growth opportunities. Private firms finance misvaluation-induced investment primarily internally or externally with debt, not equity. Finally, misvaluation-induced investment increases future return on investment for private firms, in contrast with public firms. Overall, these findings suggest that overvaluation in public markets increases private firm investments and has beneficial effects on private firm investments by relaxing financing constraints. JEL Classifications: G32; M41. Data Availability: Data are available from sources identified in the paper.

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Susko, Peter M. "Restructuring Private Equity Investments." Journal of Private Equity 6, no. 4 (August 31, 2003): 58–67. http://dx.doi.org/10.3905/jpe.2003.320056.

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Puche, Benjamin, and Christoph Lotz. "Private Equity Minority Investments." Journal of Private Equity 18, no. 4 (August 31, 2015): 46–55. http://dx.doi.org/10.3905/jpe.2015.18.4.046.

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Frehse, Jörg. "Private equity hotel investments." Tourism Review 62, no. 1 (February 2007): 6–13. http://dx.doi.org/10.1108/16605370780000157.

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Dilmé, Francesc. "Pre-trade private investments." Games and Economic Behavior 117 (September 2019): 98–119. http://dx.doi.org/10.1016/j.geb.2019.05.008.

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Herrera-Echeverri, Hernán, Jerry Haar, and Juan Guillermo Salazar-Duque. "Private Equity and Devaluation in Emerging Countries." Global Economy Journal 17, no. 1 (March 2017): 20160048. http://dx.doi.org/10.1515/gej-2016-0048.

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Abstract: Using a comprehensive database with 51 emerging countries studied over a 13 year period, we find that devaluation increases the PE investment. More years of annual devaluation have a higher impact in promoting PE investment. Conclusions are confirmed for total and high technology PE investments, but not for early stage PE investments. Devaluation does not benefit PE investment in firms in the early stages of development. Devaluation itself is not sufficient to encourage the appetite of investors; however, some country-level competitiveness variables are indispensable for making a country more fertile for PE investment when a devaluation occurs – the high relevance of competiveness increasing in the long term.

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Gjini, Altin, and Agim Kukeli. "Crowding-Out Effect Of Public Investment On Private Investment: An Empirical Investigation." Journal of Business & Economics Research (JBER) 10, no. 5 (April 30, 2012): 269. http://dx.doi.org/10.19030/jber.v10i5.6978.

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This studys principal objective is to analyze the behavior of private investments in market economies in the New Emerging Economies (transition economies) in Eastern Europe. The main objective is to investigate the effect of public investment on private investments. Borrowing from neoclassical economics authors one expects to see a crowding out effect of public investment on private investments. The literature is divided and mixed at best at answering the question of what is the role of public investment in private investments. Our preliminary results show that while it can be true that there is a crowding out effect on private investment from public investments in the West, this is not the case looking at the East. There is a vast discussion on the effect of public investment on private investment at the firm level as well as aggregated at the country level. Among other factors recognized for such a discussion like uncertainty, imperfect competition, effectiveness, cost of capital that can bust or hinder private investment under the normal course of the countrys economy this study looks at another angle. Western countries are diverse in terms of the size of government. The new emerging market economies on the East are struggling to get their economies to compete with western countries which have inherited better public institutions, infrastructure, and market conditions overall. A pool of selected countries, unbalanced panel data analysis, in Eastern European continent is examined over a period of time 1991-2009. The data are obtained from World Development Indicators (World Bank data base, 2010). Using pooled cross sectional analysis, the data confirm the structural break of private investment behavior between developing and developed countries. This is due to lack of market economy institutions, infrastructure, performance of the economy, and expectations.

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Akçay, Selçuk, and Alper Karasoy. "Determinants of private investments in Turkey: Examining the role of democracy." Review of Economic Perspectives 20, no. 1 (March 1, 2020): 23–49. http://dx.doi.org/10.2478/revecp-2020-0002.

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AbstractThis study investigates the determinants of private sector investments in Turkey with a focus on democracy. Using the Autoregressive Distributed Lag (ARDL) bounds testing approach and two different democracy indices along with the other determinants of private investment, we estimated a private investment function for the 1975-2014 period. Our main finding is that democracy has a profound positive impact on private investment. Moreover, the results show that: (i) public investment is a substitute to private investment; (ii) macroeconomic instability dissuades private investment; (iii) real interest is a serious impediment to private investment; (iv) financial development and GDP growth rate stimulate private investment.

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Semenov, A. V. "Public-private partnership: investments in transport infrastructure." Economics and Management, no. 6 (August 28, 2019): 102–7. http://dx.doi.org/10.35854/1998-1627-2019-6-102-107.

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The presented study examines public-private partnership with respect to investments in the Russian infrastructure.Aim. The study aims to assess the feasibility of using public-private partnership for investments in the country’s transport infrastructure.Tasks. The author examines the projected investments in the Russian transport infrastructure, determines the segment of the transport infrastructure that needs the most investment, and analyzes the possible applications of public-private partnership for investments in transport infrastructure. The task is to examine the existing legal framework for the implementation of public-private partnership in the investments in transport infrastructure.Methods. The study uses such methods as analysis, synthesis, and comparison.Results. The author identifies the major directions for investments in transport infrastructure, determines the priority area in the implementation of public-private partnership in infrastructure — transport infrastructure, in which roads are the main area for the application of public-private partnership. The types of implementation of public-private partnership for the construction of roads are examined.Conclusions. It is established that there is an increasing need to apply public-private partnership to the development of the country’s infrastructure and its transport sector, and the major mechanisms for the implementation of public-private partnership in the construction of roads are revealed.

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Lopez-de-Silanes, Florencio, Ludovic Phalippou, and Oliver Gottschalg. "Giants at the Gate: Investment Returns and Diseconomies of Scale in Private Equity." Journal of Financial and Quantitative Analysis 50, no. 3 (June 2015): 377–411. http://dx.doi.org/10.1017/s0022109015000113.

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AbstractWe document the wide dispersion of private equity investment returns and examine performance determinants using a newly constructed database of 7,500 investments worldwide. One in 10 investments does not return any money, whereas 1 in 4 has an internal rate of return (IRR) above 50%. Quick flips are associated with the highest returns. Performance does not appear scalable: Investments held by private equity firms in periods with a high number of simultaneous investments underperform substantially. Results are consistent with the theoretical literature on organizational diseconomies linked to firm structure. Private equity firms’ actions do not appear to be mechanical or easily scalable.

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Makarova, Marina Vladimirovna. "Investments in Russian online education (2016-2018)." Теоретическая и прикладная экономика, no. 3 (March 2020): 142–52. http://dx.doi.org/10.25136/2409-8647.2020.3.30458.

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The subject of this research is investments in development of online education in Russia. The object of this research is online education in the current conditions of digital economy. The author analyzes the dynamics of investments in capital assets and federal expenditure over the period from 2016 to 2018. The growing role of online education on the Russian education market is indicated. Analysis is conducted on the increased costs of education development. The conclusions are formulated on need for attracting private investments in online educational projects, as well as active development of public-private partnership. It is underlined that although federal expenditure (investments) on education is increasing, it is clearly insufficient and requires attraction of private investments through development of public-private partnership. The following conclusions were made: 1) the government develops mechanisms of public-private partnerships; 2. Only regional investment funds remain in Russia; the Investment Fund of the Russian Federation no longer exists, since its creation on the federal level was not justifiable; 3. Russian education increases its rating on the international level, which influence the development of higher education in the Russian Federation along with export of education; 4. Internet usage among Russian population is uneven. The scientific novelty consists in the attempt to determine the trends in export of Russian education.

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Nesbitt, Stephen L., and Hal W. Reynolds. "Benchmarks for Private Market Investments." Journal of Portfolio Management 23, no. 4 (July 31, 1997): 85–90. http://dx.doi.org/10.3905/jpm.1997.409619.

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Gianfrate, Gianfranco, and Francesco Gouigoux. "Private Equity Investments in Banks." Journal of Private Equity 18, no. 4 (August 31, 2015): 31–39. http://dx.doi.org/10.3905/jpe.2015.18.4.031.

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Javid. "Public and Private Infrastructure Investment and Economic Growth in Pakistan: An Aggregate and Disaggregate Analysis." Sustainability 11, no. 12 (June 17, 2019): 3359. http://dx.doi.org/10.3390/su11123359.

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This study investigates the relationship between infrastructure investment and economic growth at the aggregate and sectoral levels, namely, the industrial, agriculture, and services sectors for Pakistan over the period from 1972 to 2015. In contrast to earlier literature, we make a comparative analysis of the different composition of infrastructure investments, including public versus private investment and infrastructure investment in sub-sectors such as in power, roads, and telecommunication sectors. The long-run relationship is estimated using fully modified ordinary least squares (FMOLS) to address the problem of reverse causality. The main conclusion of this study is that both public and private infrastructure investments have positive but different effects on economic growth. In other words, the marginal productivities of private and public infrastructure investments differ across the different sectors of the economy. In most of the cases, public infrastructure investment has a larger impact on economic growth than private infrastructure investment. Two important policy implications emerge from this study, as follows: (1) The different elasticity estimates can be used by policy makers to quantify the impact of policies targeted at the specific sector and (2) the government should develop an enabled policy environment to attract private investment, with the consideration of structural characteristics of the various sectors. The involvement of the private sector in the provision of infrastructure would help to control the tight budgetary situation.

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Asongu, Simplice A. "Long-term effects of population growth on aggregate investment dynamics." African Journal of Economic and Management Studies 6, no. 3 (September 7, 2015): 225–50. http://dx.doi.org/10.1108/ajems-12-2012-0083.

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Purpose – The generation is witnessing the greatest demographic transition and Africa is at the heart of it. There is mounting concern over corresponding rising unemployment and depleting per capita income. The purpose of this paper is to examine the issues from a long-run perspective by assessing the relationships between population growth and a plethora of investment dynamics: public, private, foreign and domestic investments. Design/methodology/approach – Vector autoregressive models in the perspectives of vector error correction and short-run Granger causality are used. Findings – In the long-run population growth will: first, decrease foreign and public investments in Ivory Coast; second, increase public and private investments in Swaziland; three, deplete public investment but augment domestic investment in Zambia; fourth diminish private investment and improve domestic investment in the Congo Republic and Sudan, respectively. Practical implications – Mainstream positive linkage of population growth to investment growth in the long-term should be treated with extreme caution. Policy orientation should not be blanket, but contingent on country-specific trends and tailored differently across countries. The findings stress the need for the creation of a conducive investment climate (and ease of doing business) for private and foreign investments. Family planning and birth control policies could also be considered in countries with little future investment avenues. Originality/value – The objective of this study is to provide policy makers with some insights on how future investment opportunities could help manage rising population growth and corresponding unemployment.

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Rajan Annamalai, Thillai, Bharat Bansal, and Josephine Gemson. "Private equity investment and real estate development." Journal of Financial Management of Property and Construction 19, no. 3 (October 28, 2014): 202–25. http://dx.doi.org/10.1108/jfmpc-02-2014-0001.

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Purpose – The purpose of this paper is to understand the trends and contribution of private equity (PE) investors in real estate development in India because the real estate sector in India had witnessed significant investments from PE firms in recent years. Design/methodology/approach – The study focused on residential segment of real estate development, as it is the largest among all the segments. Two types of analyses have been done in this paper: first was to compare residential projects with PE investment with those that did not have any PE investment. The results were based on an analysis of 453 residential projects. The second was an analysis of only those projects that had PE investment. This paper studied if there were differences in investment patterns between domestic and foreign PE investors, and dedicated and diversified PE investors. Findings – Projects with PE investment were larger, as compared to projects that did not have any PE investment. The results of this paper also showed that PE firms preferred to invest with developers who had significant experience in undertaking larger-sized projects. PE investments significantly happened in projects that were located in metro cities. While PE firms as a whole preferred to invest in project mode, domestic investors were more inclined to invest in a project structure as compared to foreign PE firms. Though foreign PE firms invested more amounts per deal on average, there was a negative relationship between foreign PE firms and the extent of their shareholding in the investment. Practical implications – Encouraging PE investment in real estate projects would contribute toward to increasing the transparency in the sector. Strengthening the domestic PE industry would increase investment flow for real estate projects. PE investors who are able to add value to their investments are able to obtain higher shareholding. Originality/value – Empirical research on Indian real estate industry is scarce because of the lack of transparency and availability of reliable data. This is one of the initial studies on the Indian real estate sector based on a robust dataset.

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MEL'NIKOV, Roman M. "The impact of public and private investments on the economic dynamics of Russian regions." Economic Analysis: Theory and Practice 20, no. 8 (August 30, 2021): 1438–61. http://dx.doi.org/10.24891/ea.20.8.1438.

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Subject. The article deals with the comparative analysis of the impact of various sources of financing on the economic growth of Russian regions. Objectives. It focuses on evaluating the impact of public and private investments on the growth rates of real GRP in Russian regions. Methods. The study employs a regression analysis of panel data of Russian regions, using models with fixed and random effects, and a generalized method of moments, a modification of the Mankiw–Romer–Weil's model, which distinguishes investments from the Federal budget, consolidated budgets of Federal subjects of Russia, foreign, and private investments. Results. The study reveals that the attraction of foreign investments has the greatest positive impact on the economic growth of Russian regions. Federal budget investments do not stimulate private investments or contribute to the economic growth of regions, which is related to the priority of Federal investments aimed at achieving socio-political rather than economic goals. Conclusions. Increasing the growth rates of the economies of Russian regions requires consistent work to attract foreign investments, which is complicated by the current geopolitical situation. Measures are necessary to improve the efficiency of budget investments, including the implementation of modern approaches to quantifying the costs, benefits and risks of socially significant investment projects in the practice of public financial management, and sharing the risks of public investments with private capital through the development of public-private partnership mechanisms.

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de Malherbe, Etienne. "MODELING PRIVATE EQUITY FUNDS AND PRIVATE EQUITY COLLATERALISED FUND OBLIGATIONS." International Journal of Theoretical and Applied Finance 07, no. 03 (May 2004): 193–230. http://dx.doi.org/10.1142/s0219024904002359.

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The recent development of the securitisation of funds of private equity funds poses the question of the individual and joint modelling of the underlying funds. Private equity funds are different from other managed funds because of their particular bounded life cycle: when the fund starts, the investment partners make an initial capital commitment, the fund managers gradually draw down the committed capital into investments, returns and proceeds are distributed as the investments are realised and the fund is eventually liquidated as the final investment horizon is reached. Modelling private equity funds therefore requires three stages: the modelling of the commitment drawdowns, the modelling of the investment value and the modelling of the return repayments. A standard lognormal process is utilised for the dynamics of the investment value. Squared Bessel processes are utilised for the dynamics of the rates of drawdowns and repayments. Résumé: Le récent développement de la titrisation de fonds de fonds de placements privés pose la question de la modélisation individuelle et jointe des fonds sous-jacents. Les fonds de placements privés sont différents des autres sociétés d'investissement à cause de leur cycle de vie particulier et limité: au démarrage du fonds, les associés s'engagent sur un apport initial en capital; puis les gérants du fonds opèrent des tirages progressifs sur le capital apporté pour procéder à des investissements; les revenus et les profits sont distribués à mesure que les investissements sont réalisés; enfin, le fonds est liquidé lorsque l'horizon d'investissement est atteint. La modélisation d'un fonds doit donc se faire en trois étapes: la modélisation des tirages sur l'apport en capital, la modélisation de la valeur des investissements et enfin la modélisation des paiements et remboursements des dividendes et retours sur investissements. Un processus lognormal standard est utilisé pour la dynamique de la valeur des investissements. Des processus de Bessel carré sont utilisés pour la dynamique des taux de tirage et de remboursement.

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Kazantsev, Kirill Y. "FORMATION AND DEVELOPMENT OF THE VENTURE INVESTMENT MARKET IN RUSSIA." Interexpo GEO-Siberia 3, no. 1 (July 8, 2020): 68–74. http://dx.doi.org/10.33764/2618-981x-2020-3-1-68-74.

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The article describes two main types of investments in the intellectual property market in Russia - direct and venture, the prevailing share of state-owned venture investments over private is shown. The picture of high-tech investments is presented. The factors affecting the investment attractiveness of the intellectual product are named, the characteristics of the main trends in the venture investment market are given.

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Schwienbacher, Armin. "International capital flows into private equity funds." Maandblad Voor Accountancy en Bedrijfseconomie 81, no. 7/8 (July 1, 2007): 335–43. http://dx.doi.org/10.5117/mab.81.20839.

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In this study the investment behavior of US institutional investors in selecting private equity funds isanalyzed. The results show that, while this group of investors predominantly selected US funds, their interest in directly investing in foreign funds has increased over time. Insurance companies, financial corporations (banks), and public pension funds in the US are ‘global players’ that are likely to invest directly in foreign private equity funds. This conclusion holds for investments in European funds as well as for investments in Asia. More experienced funds providers are more likely to invest abroad, and when doing so they are more likely to invest in venture capital funds as opposed to buyout funds.

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Dyba, Mykhailo, and Iuliia Gernego. "PRIVATE SOCIAL INVESTMENTS AS A SOLUTION FOR RURAL DEVELOPMENT." Management Theory and Studies for Rural Business and Infrastructure Development 40, no. 3 (September 25, 2018): 320–28. http://dx.doi.org/10.15544/mts.2018.30.

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One of the greatest challenges for rural areas competitiveness is lack of their investment attractiveness. Therefore, the research problem lays upon disclosing the importance of private social investments for rural development. The paper aims to develop measures to activate private social investments in Ukrainian rural areas. The study is performed through a comparative analysis of an appropriate Lithuanian and Polish experience and a case study of Monsanto Company that is one of the few social responsible rural businesses in Ukraine. The results section represents findings to determine the current experience of social investments and recommendations how to improve the situation in Ukrainian rural areas. In particular, the rural areas require changing the state role from the direct investor into rural development manager, implementing project approach benefits.

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Akber, Nusrat, Megha Gupta, and Kirtti Ranjan Paltasingh. "The Crowding-in/ out Debate in Investments in India: Fresh Evidence from NARDL Application." South Asian Journal of Macroeconomics and Public Finance 9, no. 2 (August 23, 2020): 167–89. http://dx.doi.org/10.1177/2277978720942676.

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The purpose of the study is to re-examine the issue of the crowding-in/out effect of public investment on private investment by adopting an improved methodology of the ‘nonlinear autoregressive distributive lag’ (NARDL) model. Taking data from 1970 to 2016, the study finds that public investment crowds-in private investment both in the long-run as well as the short-run. However, the short-run elasticity is statistically more significant and larger in magnitude than the long-run elasticity. It has also been found that macroeconomic uncertainty significantly affects private investment both in the long-run and the short-run. Among other determinants of private investment, we observe foreign direct investment (FDI) inflow, credit flow to the private sector, household savings, real rate of interest and expected output affect private investment significantly. The policy implication of the study calls for the designing of public sector policies that enthuse more private investments. More credit flow to private sectors and FDI in different sectors of the economy should be prioritized. JEL Codes: E22, H54, C32

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Meidutė, Ieva. "ECONOMICAL EVALUATION OF LOGISTICS CENTRES ESTABLISHMENT." TRANSPORT 22, no. 2 (June 30, 2007): 111–17. http://dx.doi.org/10.3846/16484142.2007.9638108.

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This paper presents a method for assessing the financial viability of a new Freight village financed by private and public investments. The financial evaluation model constitutes four distinct phases, namely (a) site selection and traffic forecasts, (b) definition of services offered and corresponding dimensions, (c) estimation of investment and operation costs and (d) evaluation of investments. Furthermore, the model produces financing scenarios, based on combinations of public and private funds.

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Bent, N., K. Williams, and E. Gilbert. "The syndication of private equity investments in South Africa." South African Journal of Business Management 35, no. 4 (December 31, 2004): 39–48. http://dx.doi.org/10.4102/sajbm.v35i4.667.

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This paper examines the syndication behaviour of South African private equity and venture capital firms. Three possible rationales for syndication are tested: risk reduction through portfolio diversification (finance rationale), accessing the skills of other firms (resource-based rationale) and improved access to future investment opportunities (deal flow rationale). The finance-based rationale and deal flow rationales are found to be more important than the resource-based rationale. A number of firms additionally list Black Economic Empowerment (BEE) as an additional important reason for syndication. The reasons for syndication behaviour did not vary when small and large firms were considered separately. While firms taking part in start-up investments were more likely to syndicate, their reasons for doing so were not different from those who invest later in the investment life-cycle.While there is currently a low level of syndication of private equity investments in South Africa compared to Europe and the US, most SA firms regard syndication as beneficial and are more likely to syndicate in the future.

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Martino, Gaetano, Daniela Toccaceli, and Miroslava Bavorova. "An analysis of food safety private investments drivers in the Italian meat sector." Agricultural Economics (Zemědělská ekonomika) 65, No. 1 (January 28, 2019): 21–30. http://dx.doi.org/10.17221/352/2017-agricecon.

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Food safety systems that implement Hazard Analysis and Critical Control Points (HACCP), certification, traceability, brands as well as in geographical indications and private branding require dedicated investments in physical resources, human resources and in re-organising the production processes and control activities. Investment decisions can be made according to legal requirements or based on voluntary decisions. In this study, we address the two following research questions: do the inducements due to the regulatory framework influence the decision to invest in the implementation of food safety strategies and what is the size of this potential influence? Does the allocation of the decision right to invest influence the investment decision and does this potential influence vary across food safety systems? We carried out an empirical investigation on investment decisions in the Italian meat sector, comparing systems dedicated to safety and marketing strategies. The knowledge of such an influence provides a better understanding of the micro-level motivations of food safety investments in a critical area and contribute to the design of regulatory strategies.

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Alandarov, R. A. "The Role of the Federal Budgetary Investments in Ensuring the Socio-Economic Development of Russia in 2019–2021." Economics, taxes & law 12, no. 3 (July 7, 2019): 48–58. http://dx.doi.org/10.26794/1999-849x-2019-12-3-48-58.

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The paper describes the specifics of planning federal budget allocations for budgetary investments in 2019–2021.The relevance of the paper is due to the fact that Presidential Decree No. 204 of May 07.2018 sets the goal for Russia to break into the top five world economies and ensure economic growth rates exceeding the world rates while maintaining the macroeconomic stability. The subject of the research is federal budget allocations for budgetary investments. The purpose of the research was to assess the volume, dynamics, structure and legal support of budgetary investments to ensure their compliance with the objectives of the socio-economic development of Russia. Based on a dynamic structural analysis of the federal budget investments as well as a comparative analysis of fixed investments in Russia and developed countries, it is concluded that there is a need to enhance the fixed asset investments by increasing budgetary investment amounts along with encouraging private investing by the population and businesses. Apart from increasing capital investments from the federal budget, it is also important to update the budgetary investment structure with a focus on the main socioeconomic development targets. The analysis of the legal regulation in the field of budgetary investments showed the necessity to refine the existing legal framework to improve the quality of the budgetary investment planning. Following the analysis of factors hindering the growth of private investing, proposals were made on to how to improve the investment climate in the Russian Federation.

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MALLICK, HRUSHIKESH. "INFLOW OF REMITTANCES AND PRIVATE INVESTMENT IN INDIA." Singapore Economic Review 57, no. 01 (March 2012): 1250004. http://dx.doi.org/10.1142/s021759081250004x.

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Examining the impact of remittances on private investment, the study finds that remittances have an adverse impact on private investment and hence is apprehensive about its net positive impact on output growth in India. Therefore, the study suggests that the government policy should be designed toward inducing private sector to allocate more remittances for investments for leveling up the rate of economic growth. Otherwise, a significant proportion of remittances would result in increase in private consumption without desired contributory impact. The study also observes crowding out impact of public sector investment, while openness measure raises private sector investment.

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Beuselinck, Christof, Marc Deloof, and Sophie Manigart. "Private Equity Investments and Disclosure Policy." European Accounting Review 17, no. 4 (December 2008): 607–39. http://dx.doi.org/10.1080/09638180802327057.

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Morawski, Karl F. "Overview of Global Private Equity Investments." Journal of Alternative Investments 4, no. 4 (March 31, 2002): 81–86. http://dx.doi.org/10.3905/jai.2002.319035.

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Schwartze, Raphael, and Thomas Maier. "Selection Determinants for Private Equity Investments." Journal of Wealth Management 22, no. 4 (November 21, 2019): 104–32. http://dx.doi.org/10.3905/jwm.2019.1.091.

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Roger, Brown. "Risk and Private Real Estate Investments." Journal of Real Estate Portfolio Management 10, no. 2 (January 1, 2004): 113–27. http://dx.doi.org/10.1080/10835547.2004.12089698.

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Kwon, Sungjoung, Michelle Lowry, and Yiming Qian. "Mutual fund investments in private firms." Journal of Financial Economics 136, no. 2 (May 2020): 407–43. http://dx.doi.org/10.1016/j.jfineco.2019.10.003.

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Ji, Xiao Yu, and Min Song. "Game Theory Analysis of Private Supply in Farmland Water Conservancy." Applied Mechanics and Materials 641-642 (September 2014): 279–82. http://dx.doi.org/10.4028/www.scientific.net/amm.641-642.279.

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From the perspective of quasi-public goods, this paper studies the investment of the farmland water infrastructure, and uses game theory to analyze government and private investors. It is found that in the presence of investment constraints, the government can not complete quasi-public goods investment in farmland water infrastructure independently, so the government needs to provide appropriate policies to increase the marginal benefit of private investors to attract private cooperation. Then this paper compares spontaneous investments and incentive investment from private investors, and concludes with policy recommendations.

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Dekker, S., R. J. Verhaeghe, and A. A. J. Pols. "Economic Impacts and Public Financing of Port Capacity Investments: The Case of Rotterdam Port Expansion." Transportation Research Record: Journal of the Transportation Research Board 1820, no. 1 (January 2003): 55–61. http://dx.doi.org/10.3141/1820-07.

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Ports, as well as large-scale infrastructure in general, require substantial investments from public and private sources and generate direct and indirect benefits for society. Ports also have associated external impacts: negative impacts on the environment as well as traffic congestion. Competition between seaports has increased substantially. As a result, the efficient use of port facilities has received more emphasis. The traditional role of government in providing such facilities is increasingly being questioned. Public and private roles need to be differentiated more clearly. These factors cause a rising interest in untangling issues of public versus private financing of investments in port improvements; a workable concept for public financing of port investments is called for. A concept is presented for differentiating public and private portions in financing port investments. The public contribution is based on and justified by the indirect economic impacts of the total investment project. The concept is illustrated by data included in the cost–benefit analysis of the proposed second seaward expansion of the port of Rotterdam.

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Chuah, Lay Lian, Wai Ching Poon, and Balachandher Krishnan Guru. "Uncertainty and Private Investment Decision in Malaysia." Modern Applied Science 12, no. 9 (August 14, 2018): 71. http://dx.doi.org/10.5539/mas.v12n9p71.

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This study examines the effects of uncertainty on irreversible aggregate investment using data from 1971-2010. Results provide evidence to support the argument that macroeconomic uncertainties are important in the forward-looking investment decision-making process. This study concludes that the demand and lagged demand uncertainties have a relatively stronger effect on investments compared with other macro uncertainties. The structure of the economy, the depth of the financial system, and the promotion of trade openness reduce the negative impact of uncertainties on investment. The study also finds the elasticity of the user cost of capital to be less than unity, indicating limited scope for governments to influence investment through tax incentives.

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Mathurin, Jeph, and Nicolas Peter. "Private equity investments beyond Earth orbits: Can space exploration be the new frontier for private investments?" Acta Astronautica 59, no. 1-5 (July 2006): 438–44. http://dx.doi.org/10.1016/j.actaastro.2006.02.016.

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Kovács, E., B. Dömötör, and H. Naffa. "Investment decisions in crises — A study of private pension fund investments." Acta Oeconomica 61, no. 4 (December 1, 2011): 389–412. http://dx.doi.org/10.1556/aoecon.61.2011.4.1.

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Private pension funds were thought to be an important pillar of old-age provision when they were introduced throughout (Emerging) Europe. As different as these funds are in different countries with regards to their regulation, their ownership structure and operation, none were immune to the sub-prime led financial crisis. The Hungarian private pension funds are unique amongst the defined contribution (DC) funds. With their decade old recent history, they are maturing to the payout period in a few years’ time; however, their demise appears ever more realistic by means of political decision. This makes uncovering their investment policy during the crises very timely. Examining such a period is of importance in shedding light on the behaviour of traditional financial concepts in periods of stress. In this paper, we assess the optimality of diversification, hedging and short sales decision possibilities of the Hungarian pension funds in the equity investments environment. Was the net asset value (NAV) erosion suffered by the Hungarian private pension funds a result of their investment decision? We examine this question of diversification through a hypothetical simulation of model investment portfolios. Our results show that international diversification yields better risk-adjusted returns only in case of perfect hindsight of future market movements. The high correlation of the stock indices globally in times of crises limits the benefits of diversification.

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Mikołajczyk, Olga, and Bartosz Owedyk. "Creating value in investments with the use of private equity funds." Journal of Management and Financial Sciences, no. 40 (June 22, 2020): 9–20. http://dx.doi.org/10.33119/jmfs.2020.40.1.

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The influence of the private equity sector on the contemporary economy is quite significant. This is why the present paper attempts to examine mechanisms private equity investors apply in order to increase the value of their investments. The literature review has identified the most fundamen- tal elements of creating value on the basis of empirical, academic studies that verified hypotheses regarding the influence of particular mechanisms on the process of value creation in private equity investments. This paper is divided into five parts that describe the elements of the investment pro- cess, research into value creation, financial arbitration, as well as direct and indirect mechanisms of creating investment value. The paper is mainly based on the review of foreign-language literature.

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Siqueira, Eduardo Madureira Rodrigues, Antonio Gledson De Carvalho, and Humberto Gallucci Netto. "Determinantes do Sucesso dos Investimentos de Private Equity e Venture Capital no Brasil." Brazilian Review of Finance 9, no. 2 (July 8, 2011): 189. http://dx.doi.org/10.12660/rbfin.v9n2.2011.2825.

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This paper investigates the determinants of performance of the investments of private equity and venture capital (PEVC) funds in Brazil. We use two unique databases: the First Brazilian Private Equity and Venture Capital Census and the Guia-GVcepe Endeavor, with information on this industry for the period 1999 to 2007. As measures of performance we use the percentage and number of exits through IPO, acquisition by a company or by another investor. Our results indicate that the factors influencing the performance of investments are: size of the fund, number of investments, the practice of co-investment, experience and foreign origin of the managing organization, focus on late stage, intensity of contact between managers and portfolio companies and the number of seats on the boards of the invested companies. The number of successes grows with the number of investments at a declining rate. This can indicate 1) a limit to the ability of managers or 2) that a large number of investments allows for greater diversification of risk, directing investments to companies of high risk but with a high upside.

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da Rocha, Fernando Vinícius, and Maria Sylvia Macchione Saes. "Private investment in transportation infrastructure in Brazil: the effects of state action." Revista de Gestão 25, no. 2 (April 16, 2018): 228–39. http://dx.doi.org/10.1108/rege-03-2018-032.

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Purpose The purpose of this paper is to discuss the impacts of the investment programs created by the Brazilian federal government on private investment in transportation infrastructure (crowding-in effect). Design/methodology/approach The study used two quantitative techniques of data analysis: cluster analysis and panel data analysis. Findings The results show that the investment programs created by the Brazilian federal government were successful in attracting private agents to invest in transportation infrastructure in the country. This effect is observed even in the cases of programs focused on public investments. Research limitations/implications Advancing the research area that seeks to assess the impact of public policies is the main practical and social implications of the papers. As a research limitation we can highlight that need for a comparison to other country investment’s public policies. Practical implications Performance of public policies. Social implications Economic development. Originality/Value The paper discusses the effects of the Brazilian Federal Government programs for infrastructure investment in the private investment in the country (investment in transportation infrastructure). The issue is relevant for policies makers.

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Ahenkan, Albert, Jane Osei, and Erasmus Henaku Owusu. "Mainstreaming Green Economy: An Assessment of Private Sector Led Initiatives in Climate Change Adaptation in Ghana." Journal of Sustainable Development 11, no. 2 (March 30, 2018): 77. http://dx.doi.org/10.5539/jsd.v11n2p77.

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The study examines private sector initiatives and investment challenges in mainstreaming green economy in Ghana. An exploratory study design of qualitative research method was adopted. Due to the level of information required for the study, a purposive sampling technique was employed and a total of twenty-four respondents selected from 8 private sector organisations and some selected government ministries participated in the study. Data collected through in-depth interviews was transcribed, coded and analyzed thematically in line with the objectives and questions of the study. The study found out that green economy initiatives are not well mainstreamed in the private sector. Most companies’ involvement in climate change and green economy activities was commonly carried out through corporate social responsibility (CSR). The study further revealed that, government incentives for private sector investments in adaptation are not attractive. The study identified access to finance, poor knowledge base, weak collaborative effort, inadequate incentives, absence of clear-cut government policy and unsatisfactory recognition as challenges facing private sector-led investments in climate change adaptation. The paper recommends the need for government incentives to attract private sector investment, identification of green investment opportunities, collaboration among stakeholders, climate change sensitisation and education among the private sector in order to address the immediate to long-term consequences of climate change in Ghana.

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Goetzmann, William N., Christophe Spaenjers, and Stijn Van Nieuwerburgh. "Real and Private-Value Assets." Review of Financial Studies 34, no. 8 (April 9, 2021): 3497–526. http://dx.doi.org/10.1093/rfs/hhab035.

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Abstract Real and private-value assets—defined here as the sum of real estate, infrastructure, collectibles, and noncorporate business equity—compose an investment class worth an estimated $\$$84 trillion in the U.S. alone. Furthermore, private values can affect pricing in many other financial markets, such as that for sustainable investments. This paper introduces the research on real assets and private values that can be found in this special issue. It also reviews recent advances and highlights new research directions on a number of topics in the real assets space that we believe to be particularly important and exciting.

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Narayan, Paresh Kumar. "Do public investments crowd out private investments? Fresh evidence from Fiji." Journal of Policy Modeling 26, no. 6 (September 2004): 747–53. http://dx.doi.org/10.1016/j.jpolmod.2004.06.002.

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Tadeu, Hugo Ferreira Braga, and Jersone Tasso Moreira Silva. "Determinants of Productivity in Brazil: an empyrical analysis of the period 1996-2020." International Journal of Economics and Statistics 9 (April 16, 2021): 30–40. http://dx.doi.org/10.46300/9103.2021.9.6.

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Empirical studies regarding the determinants of productivity in developing countries, including Brazil, have demonstrated the negative impact of high inflation rates on the industrial capacity. However, the recent Brazilian experience clearly shows that stabilization since 1996, in and of itself, is not capable of recovering the investment rates. With this in mind, this study's goal is to answer, with the help of econometric simulation models, the questions: (i) what are the key-drivers to assess the Brazilian economy since 1996?; and (ii) what are the key-factors to be considered when investments are made, particulary in productivity? To answer the questions we evaluated the impacts of macro-economic variables on private investments, using a strategic bias and a long term vision plan. The estimates demonstrate empirical crowding-in evidence of public investments in infrastructure over private investments as a real impact to productivity. As for public invetsments (noninfrastructural) we suggest that the crowding-in impact dislocates private investments. All these indicators were obtained as presented in the therory, with the exception of the real interest rates variable (r), in which we observed that the coefficient is positive and insignificant in the estimated equation.

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Bisbey, Jyoti, Lili Li, Qingyang Gu, and Ching-Yuan Chu. "Attracting private financing in cross-border infrastructure investments." Journal of Infrastructure, Policy and Development 4, no. 2 (December 31, 2020): 179. http://dx.doi.org/10.24294/jipd.v4i2.1199.

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Cross-border infrastructure projects offer significant economic and social benefits for the Asia-Pacific region. If the required investment of $8 trillion in pan-Asian connectivity was made in the region’s infrastructure during 2010–2020, the total net income gains for developing Asia could reach about $12.98 trillion (in 2008 US dollars) during 2010–2020 and beyond, of which more than $4.43 trillion would be gained during 2010–2020 and nearly $8.55 trillion after 2020. Indeed, infrastructure connectivity helps improve regional productivity and competitiveness by facilitating the movement of goods, services and human resources, producing economies of scale, promoting trade and foreign direct investments, creating new business opportunities, stimulating inclusive industrialization and narrowing development gaps between communities, countries or sub-regions. Unfortunately, due to limited financing, progress in the development of cross-border infrastructure in the region is low.This paper examines the key challenges faced in financing cross-border projects and discusses the roles that different stakeholders—national governments, state-owned enterprises, private sector, regional entities, development financing institutions (DFIs), affected people and civil society organizations—can play in facilitating the development of cross-border infrastructure in the region. In particular, this paper highlights the major risks that deter private sector investments and FDIs and provides recommendations to address these risks.

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Dzeboyev, T. S. "Venture investments in context of private international law." Courier of Kutafin Moscow State Law University, no. 1 (April 10, 2020): 108–10. http://dx.doi.org/10.17803/2311-5998.2020.65.1.108-110.

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In today’s world, venture investments are of great importance for scientific and technological progress, as they link together ideas and capital. Often such investments are cross-border, which determines the specifics of these investments. At the same time, there are no legal acts regulating crossborder investments in international law. In this work, an attempt is made to understand the need for the adoption of such a legal act and to determine the place of cross-border venture investments in private international law.

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Karsai, Judit. "Venture capital and private equity industry in Hungary." Acta Oeconomica 63, no. 1 (March 1, 2013): 23–42. http://dx.doi.org/10.1556/aoecon.63.2013.1.2.

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Hungary represents the second most developed venture capital and private equity (VC&PE) market in Central and Eastern Europe. This article is based on a detailed survey of the entire VC industry between 1989–2010. It demonstrates that while there was a relatively strong correlation between the allocation of capital to VC&PE funds and the capital flow into the Budapest Stock Exchange, the changes in investment activities were closely related to election years. Investments had been hampered primarily not by the shortage of capital, but by a lack of demand and attractive business plans. The article illustrates the different roles and approaches of global, regional and country VC&PE funds in Hungary. It points out that VC investments hardly satisfied their principal function or mission, namely to support innovative start-up and small businesses. Government interventions in the VC market proved to be ineffective as well. Similarly to the whole region, the Hungarian market profited from a transitory situation in the case of high-value PE transactions between 2007 and 2008, at the beginning of the crisis, when the investment problems in Western Europe had yet not extended to the CEE region. From 2009 onward, however, the crisis has resulted in a drop in investments despite the significant amount of uninvested capital accumulated in recent years. As to the prospects for 2013, the early-stage VC segment in Hungary is expected to flourish owing to the Jeremie funds, while the high-value buyout segment of the market will suffer from both the euro zone debt crisis and the loss of transparency in economic policy.

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Akkina, Krishna Rao, and Mehmet Ali Celebi. "The Determinants of Private Fixed Investment and the Relationship between Public and Private Capital Accumulation in Turkey." Pakistan Development Review 41, no. 3 (September 1, 2002): 243–54. http://dx.doi.org/10.30541/v41i3pp.243-254.

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The purpose of this study is to analyse the determinants of private fixed investment spending in Turkey over the period 1970-96, which covers years of both financial repression and financial liberalisation. A reformulated neoclassical investment model and a reformulated flexible accelerator investment model have been tested for the Turkish economy. The results obtained support the accelerator principle and the crowding out hypothesis, that is, public and private sector investments have been found to be substitutes. Furthermore, the hypothesis that the volume of funds is as important as the cost of funds used in financing private fixed investment has been verified. On the other hand, the so-called McKinnon-Shaw hypothesis has not been completely verified because the effect of the medium-term real lending rate on private fixed investment has been found to be negative but statistically insignificant. Finally, the financial and liberalisation programmes that have been implemented since 1983 have not yet shown any noticeable positive effects on private investment.

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Samuwai, Jale, Jeremy Maxwell Hills, and Evanthie Michalena. "Thinking Outside the Box: Deepening Private Sector Investments in Fiji’s Nationally Determined Contributions through Scenario Analysis." Sustainability 11, no. 15 (August 1, 2019): 4161. http://dx.doi.org/10.3390/su11154161.

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Private finance is seen as the financing panacea for resourcing the nationally determined contributions (NDC) submitted by 170 countries to the United Nations (UN) system. Mobilizing private investment is challenging, especially for vulnerable Pacific Island Countries (PICs). Fifteen PICs have already submitted ambitious NDC targets, in which transition towards a sustainable energy environment through investment in renewable energy (RE) is central. Presently, RE investments in PICs are primarily external donor financed, however, reliance on limited and uncertain external finance is unlikely to deliver the required energy transition. A future scenario methodology was used, with Fiji as a case-study; the analysis provided insight into alternative trajectories towards transition. Based on the scenario analysis, an NDC resource mobilization framework was developed. Conclusions suggest that donors should re-orientate their priorities from investments in RE installations, towards investments that upgrade the current RE readiness levels and promote a long-term perspective of “organically growing” the local private RE sector. Channeling resources to target initiatives that will endogenously grow the domestic private sector is critical for PICs, as well as other developing countries, which represent a majority of the NDCs, and which are projected to dominate global growth in energy demand for decades to come.

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Journal articles on the topic 'Private investments'

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