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The Attractiveness Of Romania For Venture Capital And Private Equity Investors

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  • Brindusa � Maria BUZILA

    (Alexandru Ioan Cuza University of Iasi, Romania, Faculty of Economics andBusiness Administration, buzila_brandusa_feaa@yahoo.com, Iasi, Romania)

Abstract

This report examines Romania�s attractiveness for investors in terms of each of the six key drivers suggested by Groh, et al (2010) study: Economic Activity, Depth of Capital Market, Taxation, Investor Protection and Corporate Governance, Human and Social Environment, and Entrepreneurial Culture. The findings indicate that final position in Groh�s - The attractiveness of 27 European countries for Venture Capital and private Equity investors - top is justified. Nevertheless, the Romanian decision-makers managed, through considerable efforts, by means of various programs developed together with several European and international institutions, to create certain opportunities of improvement of the Romanian entrepreneurial environment and stimulation of innovation. This paper has certain limits; therefore the future research in this field might lead to a more thorough analysis of the difficulties that Romania faces in attracting private equity investors. The methods employed have in view the results from the literature in this field regarding the research issue, the US Commercial Service�s recommendations (Doing Business in Romania: 2013) and various statistics. Competent opinions in this field have been analyzed: investors, authorities, organizations, institutions.

Suggested Citation

  • Brindusa � Maria BUZILA, 2014. "The Attractiveness Of Romania For Venture Capital And Private Equity Investors," Journal of Public Administration, Finance and Law, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 5(5), pages 72-83, June.
    • Handle: RePEc:aic:jopafl:y:2014:v:5:p:72-83
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    References listed on IDEAS

    as
    1. Groh, Alexander Peter & von Liechtenstein, Heinrich & Lieser, Karsten, 2010. "The European Venture Capital and Private Equity country attractiveness indices," Journal of Corporate Finance, Elsevier, vol. 16(2), pages 205-224, April.
    2. Caselli, Stefano, 2009. "Private Equity and Venture Capital in Europe," Elsevier Monographs, Elsevier, edition 1, number 9780123750266.
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    Keywords

    Private Equity; Venture Capital;

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