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Development Financial Institutions And Their Role In Supporting Emerging Markets Private Equity Funds

Author

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  • Sorin Gabriel ANTON

    (Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, sorin.anton@uaic.ro, Iasi, Romania)

Abstract

Development financial institutions have emerged in the last years as major investors in the private equity industry. Their main goals are to create new jobs, to foster innovation and to develop the private sector. The aim of the paper is to analyze the role played by the development financial institutions in the creation and development of emerging markets private equity funds in the light of financial crisis started in 2008. We found that many development banks have increased their financial support to the emerging markets private equity funds and have improved the standards and norms of the local industry. They played a countercyclical role during a difficult period when private investors proved reluctant in backing new private equity funds.

Suggested Citation

  • Sorin Gabriel ANTON, 2013. "Development Financial Institutions And Their Role In Supporting Emerging Markets Private Equity Funds," Journal of Public Administration, Finance and Law, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 4(4), pages 126-133, December.
    • Handle: RePEc:aic:jopafl:y:2013:v:4:p:126-133
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    References listed on IDEAS

    as
    1. Shai Bernstein & Josh Lerner & Morten Sorensen & Per Strömberg, 2017. "Private Equity and Industry Performance," Management Science, INFORMS, vol. 63(4), pages 1198-1213, April.
    2. Sorin Gabriel Anton, 2013. "Multilateral Development Banks and Their Role in Supporting European SMEs during the Current Financial Crisis," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 9(6), pages 82-88, December.
    3. Popov, Alexander & Roosenboom, Peter, 2009. "Does private equity investment spur innovation? Evidence from Europe," Working Paper Series 1063, European Central Bank.
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