The Geography of Formal Venture Capital and Private Equity Investments in Hungary
PROCEEDINGS OF THE 4TH INTERNATIONAL CONFERENCE FOR YOUNG RESEARCHERS OF ECONOMICS, Vol. II, pp. 98-109, Szent Istvan University Press, October 2-4, 2006
6 Pages Posted: 16 Apr 2007
Just like economic activities the spatial distribution of venture capital and private equity investments is uneven in most countries. Empirical surveys confirmed that both the invested capital and the venture capital organisations are geographically highly concentrated in some financial (New York) and high technology (Silicon Valley) clusters in the USA, and also in the core regions (Southeast Region in the UK or Ile de France) in Europe.
Regional disparities in venture capital activities can also be observed in Hungary. In our study we analyze the spatial distribution of venture capital investments for the past 15 years in Hungary based on the survey of the Hungarian Venture Capital and Private Equity Association. We also examine why these differences appeared and also try to outline several future trends.
Keywords: institutional venture capital, spatial distribution, concentration
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