Business starts during the transition in Hungary

Article Abstract:

The development and status of new business ventures in Hungary was studied by examining the country's greeting card industry. This industry was selected because the exact number of firms was known, it was already established during the Communist regime and its performance can be compared to the performance of state-owned firms. Owners and officials of 10 firms which accounted for 90%-95% of the industry's market share were interviewed. The study on the greeting card industry revealed that the private firms were more dynamic than their state-owned counterparts, which were burdened by institutional contraints, uncertainty and managerial weaknesses.

Other Commercial Printing, Greeting Cards, Hungary, Corporations, Greeting cards industry, Greeting card industry, Corporations, Hungarian

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International perspectives on the supply of informal venture capital

Article Abstract:

A study that explores the differences of American and English informal venture capitalists' characteristics, attitudes and behavior was conducted. Results indicate that there are no significant differences in demographic variable, but there are differences in attitudes and business activity. UK investors have a less efficient information network compared to Americans. Also, they have more opportunities, have a higher rate of return and are less patient.

United Kingdom, Supply and demand

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Government policy towards entrepreneurial finance: innovation investment funds

Article Abstract:

The article analyzes venture capital and private equity funds and their investments in startup companies in Australia from 1982-2005, with special reference to the Innovation Investment Fund government program.

Australia, Government expenditures, Financial management, Evaluation, Finance, Economic policy, Company financing, Private equity funds

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