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The Attractiveness Of Croatia In Terms Of Attracting Vc Investors

Author

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  • Marija Simic

    (University of Split)

Abstract

Venture capital is crucial for stimulating innovation and economic growth. VC investment is now considered to be an international business. The institutional investors’ decision in which country to invest is an extremely complex, expensive and time-consuming task. It gets additionally complicated by the lack of a uniform definition of private equity and venture capital (PE/VC), by various data collection methodologies and lack of databases. This paper examines the attractiveness of Croatia in attracting PE/VC investors, and also a comparison with CEE countries is made. The database of investments in CEE has been created, the issue of the PE/VC definition is analysed, as well as the methodology of data collecting and determining the VC/PE Index. The research results show that, in terms of a total PE investments and the ratio of PE and GDP, Croatia is below average regarding its attractiveness for PE/VC investors for the period from 2003 to 2013, as compared to the CEE countries.

Suggested Citation

  • Marija Simic, 2015. "The Attractiveness Of Croatia In Terms Of Attracting Vc Investors," Economic Thought and Practice, Department of Economics and Business, University of Dubrovnik, vol. 24(1), pages 267-294, june.
    • Handle: RePEc:avo:emipdu:v:24:y:2015:i:1:p:267-294
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    More about this item

    Keywords

    Private equity and Venture Capital; VC/ PE Country Attractiveness Index; CEE; Croatia;
    All these keywords.

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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