The steep rise of the Brazilian PEVC industry in the beginning of the XXI century can be related to a myriad of changes occurring at the macroeconomic level.
The evolution of aggregate commitments (Table 1) shows a sharp rise of PEVC in Brazil.
Table 5 reports exits in the PEVC industry from 1999 to 2009.
PEVC is relatively recent in Brazil but has been rising sharply.
For the PEVC sample the average is R$ 692 MM while for the non-PEVC sample it is R$ 832 MM, but such difference is not statistically significant.
i], a time unvarying dummy variable assuming value one when the observation comes from a firm with PEVC sponsorship.
PEVC will use its best efforts to obtain, from the Ontario Securities Commission, a receipt for a final prospectus qualifying for distribution the common shares of PEVC to be distributed pursuant to the exercise of the Special Warrants (the "Receipt").
Such hold period(s) will expire in a particular jurisdiction 12 months from the date PEVC becomes a reporting issuer in that jurisdiction.
The average value of global PEVC deals in healthcare does not quite follow the same trend observed in the volume of PEVC deals between 2011 and 2013.
Further, the largest share of PEVC deal activity is held by the U.
Apesar de conhecermos as estrategias usadas pelos gestores de PEVC na estruturacao e administracao dos investimentos, pouco sabemos acerca da influencia das mesmas sobre o sucesso dos investimentos (Gompers & Lerner, 1998).
A literatura sobre determinantes de sucesso em PEVC e breve e apenas exploratoria: Sorensen (2007) analisa os determinantes de sucesso em PEVC nos Estados Unidos usando uma amostra de 1666 empresas investidas entre 1982 e 1995.