Review article
THE ATTRACTIVENESS OF CROATIA IN TERMS OF ATTRACTING VC INVESTORS
Marija Šimić
; Faculty of Economics, 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.
Keywords
Private equity and Venture Capital; VC/ PE Country Attractiveness Index; CEE; Croatia
Hrčak ID:
140303
URI
Publication date:
30.6.2015.
Visits: 2.703 *