The Macroeconomic and Environmental Determinants of Private Equity in Emerging Asia Market: The Application of Extreme Bounds Analysis

Isaiah Oino

doi:doi:10.11648/j.jim.20140303.12

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The Macroeconomic and Environmental Determinants of Private Equity in Emerging Asia Market: The Application of Extreme Bounds Analysis

Isaiah Oino

Published in Journal of Investment and Management (Volume 3, Issue 3)

Received: 5 September 2014 Accepted: 15 September 2014 Published: 30 September 2014

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Abstract

There is a great debate on the significance of the stable economic and well structure legal system on the commercialization, innovation and employment in modern economies. Private equity activities play a significant role in these three aspects. The purpose of this work is to investigate the macroeconomic and environmental determinants of private equity investment in nine major Asian countries. The estimations are based on a data set running from 2004 to 2013. Applying robust estimation techniques Extreme Bounds Analysis, this work identifies growth in domestic product growth, corporation tax rate, disclosure index and investors’ protection index as 'robust' set of determinants of private equity. Also, inflation, stock market value, property right index, legal costs, lending rate and time in days to start business as likely robust. The result suggests the need to enhance business confidence in the country not only through robust monetary and fiscal policy but also legal system.

Published in	Journal of Investment and Management (Volume 3, Issue 3)
DOI	10.11648/j.jim.20140303.12
Page(s)	51-60
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2014. Published by Science Publishing Group

Keywords

Emerging Markets, Private Equity, Venture Capital

References

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APA Style

Isaiah Oino. (2014). The Macroeconomic and Environmental Determinants of Private Equity in Emerging Asia Market: The Application of Extreme Bounds Analysis. Journal of Investment and Management, 3(3), 51-60. https://doi.org/10.11648/j.jim.20140303.12

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ACS Style

Isaiah Oino. The Macroeconomic and Environmental Determinants of Private Equity in Emerging Asia Market: The Application of Extreme Bounds Analysis. J. Invest. Manag. 2014, 3(3), 51-60. doi: 10.11648/j.jim.20140303.12

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AMA Style

Isaiah Oino. The Macroeconomic and Environmental Determinants of Private Equity in Emerging Asia Market: The Application of Extreme Bounds Analysis. J Invest Manag. 2014;3(3):51-60. doi: 10.11648/j.jim.20140303.12

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@article{10.11648/j.jim.20140303.12,
  author = {Isaiah Oino},
  title = {The Macroeconomic and Environmental Determinants of Private Equity in Emerging Asia Market: The Application of Extreme Bounds Analysis},
  journal = {Journal of Investment and Management},
  volume = {3},
  number = {3},
  pages = {51-60},
  doi = {10.11648/j.jim.20140303.12},
  url = {https://doi.org/10.11648/j.jim.20140303.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jim.20140303.12},
  abstract = {There is a great debate on the significance of the stable economic and well structure legal system on the commercialization, innovation and employment in modern economies. Private equity activities play a significant role in these three aspects. The purpose of this work is to investigate the macroeconomic and environmental determinants of private equity investment in nine major Asian countries. The estimations are based on a data set running from 2004 to 2013. Applying robust estimation techniques Extreme Bounds Analysis, this work identifies growth in domestic product growth, corporation tax rate, disclosure index and investors’ protection index as 'robust' set of determinants of private equity. Also, inflation, stock market value, property right index, legal costs, lending rate and time in days to start business as likely robust. The result suggests the need to enhance business confidence in the country not only through robust monetary and fiscal policy but also legal system.},
 year = {2014}
}

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TY  - JOUR
T1  - The Macroeconomic and Environmental Determinants of Private Equity in Emerging Asia Market: The Application of Extreme Bounds Analysis
AU  - Isaiah Oino
Y1  - 2014/09/30
PY  - 2014
N1  - https://doi.org/10.11648/j.jim.20140303.12
DO  - 10.11648/j.jim.20140303.12
T2  - Journal of Investment and Management
JF  - Journal of Investment and Management
JO  - Journal of Investment and Management
SP  - 51
EP  - 60
PB  - Science Publishing Group
SN  - 2328-7721
UR  - https://doi.org/10.11648/j.jim.20140303.12
AB  - There is a great debate on the significance of the stable economic and well structure legal system on the commercialization, innovation and employment in modern economies. Private equity activities play a significant role in these three aspects. The purpose of this work is to investigate the macroeconomic and environmental determinants of private equity investment in nine major Asian countries. The estimations are based on a data set running from 2004 to 2013. Applying robust estimation techniques Extreme Bounds Analysis, this work identifies growth in domestic product growth, corporation tax rate, disclosure index and investors’ protection index as 'robust' set of determinants of private equity. Also, inflation, stock market value, property right index, legal costs, lending rate and time in days to start business as likely robust. The result suggests the need to enhance business confidence in the country not only through robust monetary and fiscal policy but also legal system.
VL  - 3
IS  - 3
ER  -

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Author Information

Isaiah Oino

Department of Accounting & Finance, Greenwich School Of Management, London, UK

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APA Style

Isaiah Oino. (2014). The Macroeconomic and Environmental Determinants of Private Equity in Emerging Asia Market: The Application of Extreme Bounds Analysis. Journal of Investment and Management, 3(3), 51-60. https://doi.org/10.11648/j.jim.20140303.12

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ACS Style

Isaiah Oino. The Macroeconomic and Environmental Determinants of Private Equity in Emerging Asia Market: The Application of Extreme Bounds Analysis. J. Invest. Manag. 2014, 3(3), 51-60. doi: 10.11648/j.jim.20140303.12

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AMA Style

Isaiah Oino. The Macroeconomic and Environmental Determinants of Private Equity in Emerging Asia Market: The Application of Extreme Bounds Analysis. J Invest Manag. 2014;3(3):51-60. doi: 10.11648/j.jim.20140303.12

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@article{10.11648/j.jim.20140303.12,
  author = {Isaiah Oino},
  title = {The Macroeconomic and Environmental Determinants of Private Equity in Emerging Asia Market: The Application of Extreme Bounds Analysis},
  journal = {Journal of Investment and Management},
  volume = {3},
  number = {3},
  pages = {51-60},
  doi = {10.11648/j.jim.20140303.12},
  url = {https://doi.org/10.11648/j.jim.20140303.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jim.20140303.12},
  abstract = {There is a great debate on the significance of the stable economic and well structure legal system on the commercialization, innovation and employment in modern economies. Private equity activities play a significant role in these three aspects. The purpose of this work is to investigate the macroeconomic and environmental determinants of private equity investment in nine major Asian countries. The estimations are based on a data set running from 2004 to 2013. Applying robust estimation techniques Extreme Bounds Analysis, this work identifies growth in domestic product growth, corporation tax rate, disclosure index and investors’ protection index as 'robust' set of determinants of private equity. Also, inflation, stock market value, property right index, legal costs, lending rate and time in days to start business as likely robust. The result suggests the need to enhance business confidence in the country not only through robust monetary and fiscal policy but also legal system.},
 year = {2014}
}

Copy | Download

TY  - JOUR
T1  - The Macroeconomic and Environmental Determinants of Private Equity in Emerging Asia Market: The Application of Extreme Bounds Analysis
AU  - Isaiah Oino
Y1  - 2014/09/30
PY  - 2014
N1  - https://doi.org/10.11648/j.jim.20140303.12
DO  - 10.11648/j.jim.20140303.12
T2  - Journal of Investment and Management
JF  - Journal of Investment and Management
JO  - Journal of Investment and Management
SP  - 51
EP  - 60
PB  - Science Publishing Group
SN  - 2328-7721
UR  - https://doi.org/10.11648/j.jim.20140303.12
AB  - There is a great debate on the significance of the stable economic and well structure legal system on the commercialization, innovation and employment in modern economies. Private equity activities play a significant role in these three aspects. The purpose of this work is to investigate the macroeconomic and environmental determinants of private equity investment in nine major Asian countries. The estimations are based on a data set running from 2004 to 2013. Applying robust estimation techniques Extreme Bounds Analysis, this work identifies growth in domestic product growth, corporation tax rate, disclosure index and investors’ protection index as 'robust' set of determinants of private equity. Also, inflation, stock market value, property right index, legal costs, lending rate and time in days to start business as likely robust. The result suggests the need to enhance business confidence in the country not only through robust monetary and fiscal policy but also legal system.
VL  - 3
IS  - 3
ER  -

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