Institutional environment and specification of direct investment fund contracts: modern econometric approaches

Musatova M. M.1, Lugacheva L.I.1
1 Институт экономики и организации промышленного производства СО РАН, Russia

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Journal paper

Creative Economy (РИНЦ, ВАК)
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Volume 12, Number 12 (December 2018)

Citation:

Musatova, M. M., & Lugacheva, L. I. (2018). Institutional environment and specification of direct investment fund contracts: modern econometric approaches. Creative Economy, 12(12), 1989-2000. https://doi.org/10.18334/ce.12.12.39668

Indexed in Russian Science Citation Index: https://elibrary.ru/item.asp?id=36716921
Cited: 1 by 05.09.2022

Abstract:
The article examines the foreign approaches that have taken shape in recent decades to econometric modeling of private equity funds (PEF), reflecting the impact of institutions on the performance of captive funds, economic aspects and performance of various segments of the PE industry (private equity), specification of contracts and their implementation in funds direct private investment. A critical analysis of these approaches seems undoubtedly relevant against the backdrop of the emerging recovery of the PE industry in Russia. The foreign experience of empirical and econometric modeling of the institutional characteristics of the PE market can be useful for attracting professional expats and domestic managers to the Russian PE industry. Its results are analyzed in order to adapt them for the Russian PE market.

Keywords: private equity funds (PEF), their types, institutional features, analysis of foreign approaches, econometric modeling

JEL-classification: G34, C10, C19

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