The Impact of the Macroeconomic and Institutional Environment on LBO Fundraising

Basma Henchiri

Authors

Basma Henchiri

Keywords:

private equity, LBO, macro-economic determinants, institutional determinants, panel data

Abstract

The most past studies, analyzing the venture capital investments concluded a strong correlation between macro-economic, institutional and entrepreneurial conditions as well as divestment strategies. The purpose of this study is to find out the economic impact of macroeconomic environment and institutional quality on LBO fundraising, using a panel dataset of 19 European countries over 2001-2010. The empirical results confirm the importance of some factors and show that the unemployment rate, interest rate, trade sale and IPO divestments are important determinants in the European LBO market.

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How to Cite

The Impact of the Macroeconomic and Institutional Environment on LBO Fundraising. (2016). Global Journal of Management and Business Research, 16(C8), 25-34. https://journalofbusiness.org/index.php/GJMBR/article/view/2119

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