The Last Golden Land?: Chinese Private Companies Go to Africa

Uncertain private benefits and the decision to go public

This paper focuses on the decision to go public when both seller and potential buyers have private benefits of control. The basic model by Zingales (1995) is extended to account for uncertainty of private benefits. This leads to new implications for the sales process, ownership structure, measurement of private benefits and the efficiency of takeover regimes. The optimal way to sell the company...

An Analysis of the Private Equity and Venture Capital Investments in Brazilian Companies in the Last 30 Years

This report presents an overview of Brazilian Private Equity and Venture Capital (PE and VC) investments in portfolio companies between 1982 and 2014. It was prepared by the Strategic Research Center of Insper Institute of Education and Research and Spectra Investments. It is based on the Spectra-Insper database, a comprehensive set of information about private equity organizations, funds, deal...

Investigating the Risk of Paying Loans to Public and Private Companies Using the Logit Model and Comparing it with Altman Z (Case Study: A Private Bank in Iran)

The design of a credit risk measurement model in the monetary and banking system will play an important role in increasing the profitability of banking resources. This article attempts to use two models of Logit and Z Altman to determine and predict the credit risk of facilities provided to legal entities at a private bank in Iran. The variables studied in this research include qualitative vari...

Four hurdles for conservation on private land: the case of the golden lion tamarin in Brazil's Atlantic Forest

Many threatened species worldwide rely on patches of remnant vegetation in private landholdings. To establish private reserves that contribute effectively to conservation involves a wide range of complex and interacting ecological, legal, social, and financial factors. These can be seen as a series of successive hurdles, each with multiple bars, which must all be surmounted. The golden lion tam...

The Growing Role of Land Trusts and Private Land Conservation