An Integrative Approach to the Determinants of Private Equity Fundraising

Marina Balboa, José Martí
2003 Social Science Research Network  
This paper builds on previous papers about private equity fundraising in two ways. Firstly, a micro and macroeconomic theoretical base is developed to support the empirical model proposed. Secondly, new explanatory variables that are related to the private equity process itself are added, thus completing the set of variables, which were basically macroeconomic and environment-related variables, introduced in previous papers. Evidence is found of the positive and significant effect of lagged
more » ... egated investments and divestments on new funds raised, together with gross domestic product growth and the evolution of gross domestic savings.
doi:10.2139/ssrn.493344 fatcat:4uf2roce2vfutfbyxmar6faele