Attractiveness of Private Equity & Venture Capital Investments
This paper uses a cross-country study to understand how national culture affects institutional private equity and venture capital investments in Europe, using previous works of Groh, Liechtenstein and Lieser (2010) and Hofstede, Hofstede and Minkov (2011). We argue that national culture might affect capital allocation and that this parameter is often missing in the contemporary discourse on the dr