Version 1
: Received: 31 October 2018 / Approved: 31 October 2018 / Online: 31 October 2018 (10:38:26 CET)
How to cite:
Grzegorczyk, E. Taxonomic Analysis of the Level of Private Equity/Venture Capital Market Development in Europe. Preprints2018, 2018100749. https://doi.org/10.20944/preprints201810.0749.v1
Grzegorczyk, E. Taxonomic Analysis of the Level of Private Equity/Venture Capital Market Development in Europe. Preprints 2018, 2018100749. https://doi.org/10.20944/preprints201810.0749.v1
Grzegorczyk, E. Taxonomic Analysis of the Level of Private Equity/Venture Capital Market Development in Europe. Preprints2018, 2018100749. https://doi.org/10.20944/preprints201810.0749.v1
APA Style
Grzegorczyk, E. (2018). Taxonomic Analysis of the Level of Private Equity/Venture Capital Market Development in Europe. Preprints. https://doi.org/10.20944/preprints201810.0749.v1
Chicago/Turabian Style
Grzegorczyk, E. 2018 "Taxonomic Analysis of the Level of Private Equity/Venture Capital Market Development in Europe" Preprints. https://doi.org/10.20944/preprints201810.0749.v1
Abstract
Determining the level of PE/VC market development and the way it operates is extremely difficult. Despite countless reports and analyses concerning the PE/VC market, there is a lack of study on that sector based on a synthetic index. The usage of taxonomic methods in the PE/VC market analysis may be extremely useful in its proper characterizing. An in-depth study allows the identification of weaknesses and strengths as well as opportunities and threats related to a specific stage of PE/VC market development in a given country, that gives the opportunity to determine public activities that could affect the acceleration of this market development in future. The main objective of the study was to conduct a taxonomic analysis of the level of PE/VC market development in Europe, in 2010–2015. It is worth mentioning that the term “level of development” does not refer only to the value of investment or its dynamics, but to a set of objectified features that create one synthetic indicator. The conducted analysis using the Hellwig method allowed to determine the ranking of European countries in terms of the level of PE/VC market development, which reveal some significant differences in the functioning of the this market within Europe. Further detailed analysis of the designated groups of countries made it possible to determine the characteristics of such clusters. The construction of the level of private equity/venture capital market development ranking over the years enabled defining the current status and indicating the direction of possible changes.
Keywords
Hellwig method; taxonomy; venture capital
Subject
Business, Economics and Management, Finance
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
