Published in «Creative Economy»12 / 2018
DOI: 10.18334/ce.12.12.39668

Institutional environment and specification of direct investment fund contracts: modern econometric approaches

Musatova Mariya Mikhaylovna, Institute of Economics and Industrial Engineering, Siberian Branch of the Russian Academy of Sciences, Russia

Lugacheva Larisa Ivanovna, Institute of Economics and Industrial Engineering, Siberian Branch of the Russian Academy of Sciences, Russia

Институциональная среда и спецификация контрактов фондов прямых инвестиций: современные эконометрические подходы - View in Russian

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Abstract:
The article examines the foreign approaches that have taken shape in recent decades to econometric modeling of private equity funds (PEF), reflecting the impact of institutions on the performance of captive funds, economic aspects and performance of various segments of the PE industry (private equity), specification of contracts and their implementation in funds direct private investment. A critical analysis of these approaches seems undoubtedly relevant against the backdrop of the emerging recovery of the PE industry in Russia.
The foreign experience of empirical and econometric modeling of the institutional characteristics of the PE market can be useful for attracting professional expats and domestic managers to the Russian PE industry. Its results are analyzed in order to adapt them for the Russian PE market.

Keywords:

analysis of foreign approaches, econometric modeling, institutional features, private equity funds (PEF), their types

JEL-Classification: C10, C19, G34

Citation:
Musatova M. M., Lugacheva L.I. (2018). Institutional environment and specification of direct investment fund contracts: modern econometric approaches [Institutsionalnaya sreda i spetsifikatsiya kontraktov fondov pryamyh investitsiy: sovremennye ekonometricheskie podkhody]. Creative Economy, 12(12). (in Russian). – doi: 10.18334/ce.12.12.39668.


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