Journal of Siberian Federal University. Humanities & Social Sciences / Formation of Proactive Strategies of Chinese Private Equity Funds in the Russian Corporate Control Market

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Issue
Journal of Siberian Federal University. Humanities & Social Sciences. 2019 12 (4)
Authors
Musatova, Maria M.; Lugacheva, Larisa I.; Solomennikova, Elena A.
Contact information
Musatova, Maria M.: Institute of Economics and Industrial Engineering of SB RAS 17 Akademika Lavrent’eva, Akademgorodok, Novosibirsk, 630090, Russia, ORCID: 0000-0002-5544-5539; Lugacheva, Larisa I.: Institute of Economics and Industrial Engineering of SB RAS 17 Akademika Lavrent’eva, Akademgorodok, Novosibirsk, 630090, Russia, ORCID: 0000-0002-9675-1567; Solomennikova, Elena A.: Institute of Economics and Industrial Engineering of SB RAS 17 Akademika Lavrent’eva, Akademgorodok, Novosibirsk, 630090, Russia: , ORCID: 0000-0001-8325-5284
Keywords
private equity; private equity funds; investment; institutional environment
Abstract

The article discusses the boundaries and contours of the possible institutional behavior of private equity funds (PEFs) in the Russian Federation in modern conditions. It analyzes the transformation of PEF sectoral interests in the Russian assets of non-public companies in the period of economic instability. Besides, it gives a relevant assessment of changes in the regional aspects of interaction between PEFs and recipient companies from Russia against the background of sanctions and import substitution, as well as private equity cycle. The article presents the modern metrics of Chinese PEFs and a multi-level monitoring of existing Chinese PEF projects in the Russian economy. It also analyzes the effects of multi-agent relations of PEFs and target companies in Russia against the background of a gradual recovery of the country’s economic growth. The article discusses the current and preferred format for the participation of investors in the PE market in the context of the adaptation of the Russian economy to the sanctions regime. It identifies the factors affecting the prospects and dynamics of the development of Chinese PEFs with an investment mandate for Russia and discusses the mechanisms of institutional support for expanding the presence of Chinese PEs in the Russian market for corporate control

Pages
660–677
DOI
10.17516/1997–1370–0415
Paper at repository of SibFU
https://elib.sfu-kras.ru/handle/2311/110103

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