Abstract
The Czech Republic represents one of the stronger economies of the former communist-bloc nations. Despite its youth, private equity has become an important part of the Czech capital market. It should be noted, however, that the Czech private equity market is far from perfect, in large part due to a bevy of legal and regulatory constraints. This article focuses, in particular, on the investment limitations placed on institutional investors, and the exit problems in the Czech private equity industry. The article examines approaches taken by other countries, namely the United Kingdom and the United States. With respect to institutional investing, in particular, the article looks at the prudent person approach adopted by the U.S. and the United Kingdom.
- © 2005 Pageant Media Ltd
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