Arbeitspapier

Development of the Hungarian Venture Capital and Private Equity Industry over the Past Two Decades

In Hungary, the previously non-existing venture capital and private equity industry has strengthened over the past two decades, and it has become one of the leaders of the CEE region. Approximately 90% of the capital allocated to investments overall were raised from private sector investors. The volume of VC & PE fluctuated cyclically following international capital market cycles and the changes of domestic economic policy. The Hungarian market became a preferred area for foreign capital investors in the last third of the 1990s. Later on its position became even more favourable due to Hungary's accession to the EU. Between 2007 and 2008 the Hungarian market, similarly to the whole region, earned also profit from a transitory situation at the beginning of the crisis when the investment problems in Western Europe did not extend to the CEE region for some time. From 2009 on, however, the crisis in CEE also resulted in a very serious drop in investments, in spite of the significant amount of uninvested capital accumulated in recent years. In addition, the crisis affected the already weakened Hungarian economy more seriously than the other parts of the region, which was reflected by the drop in investments in 2010.

ISBN
978-615-5024-92-4
Sprache
Englisch

Erschienen in
Series: IEHAS Discussion Papers ; No. MT-DP - 2012/1

Klassifikation
Wirtschaft
Pension Funds; Non-bank Financial Institutions; Financial Instruments; Institutional Investors
Investment Banking; Venture Capital; Brokerage; Ratings and Ratings Agencies
New Firms; Startups
Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
Socialist Institutions and Their Transitions: Financial Economics
Thema
Hungary
Central and Eastern Europe
Economics in transition
Emerging markets
Venture Capital
Private Equity
Risikokapital
Private Equity
Systemtransformation
Ungarn

Ereignis
Geistige Schöpfung
(wer)
Karsai, Judit
Ereignis
Veröffentlichung
(wer)
Hungarian Academy of Sciences, Institute of Economics, Centre for Economic and Regional Studies
(wo)
Budapest
(wann)
2012

Handle
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Karsai, Judit
  • Hungarian Academy of Sciences, Institute of Economics, Centre for Economic and Regional Studies

Entstanden

  • 2012

Ähnliche Objekte (12)