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Private Equity Investments in Emerging Markets, National Governance, and Geographic Distance: The Case of Latin America, 1996–2009

  • Santiago Mingo
  • Francisco Morales
  • Marc Junkunc
Part of the The AIB-LAT Book Series book series (AIBLAT)

Abstract

The high level of economic growth that emerging markets are experiencing lately — including Latin America — offers new opportunities for different types of investments. Private equity (PE) investments in emerging markets have risen from $3 billion in 2003 to almost $70 billion before the Great Recession of 2008–2009 (Emerging Markets Private Equity Association, 2010). In the case of Latin America, PE investments totalled more than $7 billion in 2010 (LAVCA, 2011). By private equity we mean “financing for early- and later-stage private companies from third-party investors seeking high returns based on both the risk profiles of the companies and the near-term illiquidity of these investments” (Leeds & Sunderland, 2003: 8). For instance, venture capital (VC) is a type of private equity focused on start-ups.

Keywords

Foreign Direct Investment Geographic Distance Venture Capital Latin American Country Governance System 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Santiago Mingo, Francisco Morales, and Marc Junkunc 2013

Authors and Affiliations

  • Santiago Mingo
  • Francisco Morales
  • Marc Junkunc

There are no affiliations available

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