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Analyse de la pertinence du modèle de financement du capital investissement

Abstract : To provide an answer to the issue of this thesis which examines the relevance of the financing model of the private equity, this work is divided into four parts. In the first, we analyze the foundations of the private equity business. We study the organizational structure of the activity and its determinants. The second part focuses on economic integration issues of the private equity. We show that this financial activity is a net creator of jobs and it enhances the competitiveness and economic resilience of firms. The third part deals with the relationship of cause and effect between private equity and the subprime crisis. We show, first that the private equity has not played a key role in the origin and development of this crisis and, secondly, that the regulatory reforms of the sector lead to changes in the distribution of its flows both in terms of business segments that in geographical centralization. The fourth part examines the relationship between private equity inflows in a country and its exchange rate. We show that the undervaluation of a currency increases its attractiveness for private equity deals. This thesis emphasizes, therefore, the fundamental role of private equity transactions in the economy and the impact of policy changes on a country private equity's inflows.
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Submitted on : Wednesday, March 11, 2015 - 11:39:06 AM
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  • HAL Id : tel-01130136, version 1


Laurent Kevin Cerveaux. Analyse de la pertinence du modèle de financement du capital investissement. Economies et finances. Université de la Réunion, 2014. Français. ⟨NNT : 2014LARE0007⟩. ⟨tel-01130136⟩



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