The Impact of Private Equity Funds on the Performance of Portfolio Companies in Russia

Student: Kuznietsov Andrii

Educational Programme: Strategic Corporate Finance (Master)

Year of Graduation: 2017

The current research provides comprehensive literature review and empirical results of impact of Private Equity funds on performance of their portfolio companies in Russia. Existing studies covering different countries, time periods and types of Private Equity transactions are reviewed. Key methodologies used in the considered field of research are described and compared. Aside from impact of Private Equity funds on performance of their portfolio companies, several other subtopics such as performance during crisis and differences between industries are analyzed. Empirical results are based on the analysis of the sample of 784 Russian companies (151 PE-backed and peer group of 633 companies) during 2004-2015.

Student Theses at HSE must be completed in accordance with the University Rules and regulations specified by each educational programme.

Summaries of all theses must be published and made freely available on the HSE website.

The full text of a thesis can be published in open access on the HSE website only if the authoring student (copyright holder) agrees, or, if the thesis was written by a team of students, if all the co-authors (copyright holders) agree. After a thesis is published on the HSE website, it obtains the status of an online publication.

Student theses are objects of copyright and their use is subject to limitations in accordance with the Russian Federation’s law on intellectual property.

In the event that a thesis is quoted or otherwise used, reference to the author’s name and the source of quotation is required.

Search all student theses