Publication detail

Proposing Changes in Legislative and Institutional Conditions for Private Equity and Venture Capital Financing in the Czech Republic – A Comparative Study with Poland

RAJCHLOVÁ, J. BARANYKOVÁ, M. POLÁK, M. BROŽ, Z.

Original Title

Proposing Changes in Legislative and Institutional Conditions for Private Equity and Venture Capital Financing in the Czech Republic – A Comparative Study with Poland

Type

journal article - other

Language

English

Original Abstract

This paper discusses the conditions of private equity and venture capital fi nancing in the Czech Republic and Poland. Especially the related legislation, taxes and support of this type of fi nancing are discussed in detail. The purpose of this research is to evaluate the conditions, to fi nd factors that have positive infl uence and to formulate recommendations that would improve the conditions for both PE/VC investors and fi rms with new business ideas. Improving the conditions for PE/VC fi nancing helps small businesses get the needed capital that cannot be obtained from banks and other institutions. This form of fi nancing has a proven positive eff ect on whole economy. Identifying and removing obstacles is therefore important and helps the government to promote economic growth. This form of fi nancing is used frequently in other European countries. In the central and eastern Europe it is not used as frequently but the situation is improving according to (Zinecker & Rajchlová, 2010). According to the study made by EVCA an array of legislative shortcoming were identifi ed in the Czech Republic. Poland and Hungary have better conditions for PE/VC fi nancing. According to EVCA studies made in 2004 and 2006 Poland shows that the conditions improve each year. Therefore Poland was chosen in this research for a comparative study with the Czech Republic

Keywords

private equity, venture capital, tax, legislation, support, SMEs

Authors

RAJCHLOVÁ, J.; BARANYKOVÁ, M.; POLÁK, M.; BROŽ, Z.

RIV year

2011

Released

30. 12. 2011

Publisher

MZLU

Location

Brno

ISBN

1211-8516

Periodical

Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis

Year of study

LIX

Number

7

State

Czech Republic

Pages from

317

Pages to

324

Pages count

7

BibTex

@article{BUT75113,
  author="Jaroslava {Rajchlová} and Michaela {Baranyková} and Michal {Polák} and Zdeněk {Brož}",
  title="Proposing Changes in Legislative and Institutional Conditions for Private Equity and Venture Capital Financing in the Czech Republic – A Comparative Study with Poland",
  journal="Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis",
  year="2011",
  volume="LIX",
  number="7",
  pages="317--324",
  issn="1211-8516"
}