THE IMPORTANCE OF STATE’S ROLE IN THE HUNGARIAN VENTURE CAPITAL MARKET

Jenő Konecsny; Dóra Havay

Article Details

THE IMPORTANCE OF STATE’S ROLE IN THE HUNGARIAN VENTURE CAPITAL MARKET

Authors:

Jenő Konecsny | Dóra Havay

Publisher:

Sosyal Bilimler Araştırmaları Derneği

Journal:

International Journal of Economics and Finance Studies 2011 Vol.3 Issue 2, pp.159-168

Document Type:

Article

Publication Date:

11/2011

Document Language:

Turkish

Document ID (Org No.):

2000811202

Frequency:

Bi-Annual

eISSN:

1309-8055

Abstract:

 

The presence of state also has an indirect and direct effect on the developement of
 the Hungarian venture capital market. Indirect effect is realized through the law
 legislation and the direct one by the operate of the different venture capital firms
 and funds which invest public financial sources. The main purpose of the direct
 intervention is to finance the under-capitalized small and medium-sized start-up
 companies with equity.
 The paper examines the Hungarian venture capital market from the aspect of state
 intervention. It starts with an European overview which summarizes the common
 and different attributes of state’s role in the venture capital market between
 several European countries. The paper focuses on the Hungarian situation, it
 describes concisely the effect and efficiency of the governmental instructions
 which were taken for the legislation of the venture capital market. Using the
 results of a previous research the paper also examines the characteristics of the
 direct instructions. The paper decribes briefly the main details of the publicprivate
 initiative called JEREMIE-program, which started on the Hungarian
 venture capital market in the recent past.

Article Details

THE IMPORTANCE OF STATE’S ROLE IN THE HUNGARIAN VENTURE CAPITAL MARKET

Authors: Jenő Konecsny | Dóra Havay

Publisher: Sosyal Bilimler Araştırmaları Derneği

Journal: International Journal of Economics and Finance Studies 2011 Vol.3 Issue 2, pp.159-168

Document Type: Article

Publication Date: 11/2011

Document Language: Turkish

Document ID (Org No.): 2000811202

Frequency: Bi-Annual

eISSN: 1309-8055

Issues

Authors:

Jenő Konecsny | Dóra Havay

Publisher:

Sosyal Bilimler Araştırmaları Derneği

Journal:

International Journal of Economics and Finance Studies 2011 Vol.3 Issue 2, pp.159-168

Document Type:

Article

Publication Date:

11/2011

Document Language:

Turkish

Document ID (Org No.):

2000811202

Frequency:

Bi-Annual

eISSN:

1309-8055