Publication:
Mapping Returns of Private Equity Investments in Emerging Markets

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dc.contributor.authorMölders, Florian
dc.contributor.authorSalgado, Edgar
dc.date.accessioned2025-01-10T14:47:13Z
dc.date.available2025-01-10T14:47:13Z
dc.date.issued2025-01-10
dc.description.abstractThis paper fills a gap in research on private equity investments in emerging markets and developing economies. It provides descriptive evidence and examines the distribution of returns across sectors such as finance, technology, and resource-intensive industries like mining, where significant variation exists. Using data from the International Finance Corporation, the analysis finds that return distributions exhibit "fat tails", with a notable presence of investments yielding extremely high returns alongside others generating little or no return, highlighting the importance of diversification. The analysis reveals that firm-specific factors account for the largest share of return variability, with country and sector factors playing a smaller role. Gross domestic product growth and real exchange depreciation are significantly related to returns, with median elasticities of 0.35 and -0.67, respectively.en
dc.identifierhttp://documents.worldbank.org/curated/en/099505501082539396/IDU1ffe350c31cad3147d71a897103f2b99bc2ec
dc.identifier.doi10.1596/1813-9450-11025
dc.identifier.urihttps://hdl.handle.net/10986/42654
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesPolicy Research Working Paper; 11025
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by/3.0/igo/
dc.subjectEQUITY MARKETS
dc.subjectPRIVATE EQUITY
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectVENTURE CAPITAL
dc.titleMapping Returns of Private Equity Investments in Emerging Marketsen
dc.typeWorking Paper
dspace.entity.typePublication
okr.date.disclosure2025-01-10
okr.date.doiregistration2025-04-14T11:51:13.715684Z
okr.date.lastmodified2025-01-08T00:00:00Zen
okr.doctypePolicy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099505501082539396/IDU1ffe350c31cad3147d71a897103f2b99bc2ec
okr.guid099505501082539396
okr.identifier.docmidIDU-ffe350c3-cad3-47d7-a897-03f2b99bc2ec
okr.identifier.doi10.1596/1813-9450-11025
okr.identifier.externaldocumentum34443952
okr.identifier.internaldocumentum34443952
okr.identifier.reportWPS11025
okr.import.id6273
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099505501082539396/pdf/IDU1ffe350c31cad3147d71a897103f2b99bc2ec.pdfen
okr.region.geographicalWorld
okr.topicInternational Economics and Trade::Foreign Direct Investment
okr.topicInternational Economics and Trade::Trade Finance and Investment
okr.topicMacroeconomics and Economic Growth::Investment and Investment Climate
okr.topicFinance and Financial Sector Development::Capital Markets and Capital Flows
okr.topicFinance and Financial Sector Development::Insurance & Risk Mitigation
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.unitIFC
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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