Особенности Функционирования Рынка Прямых Инвестиций В России И Его Институциональные Ограничения
Year: 2025
Type: article
Abstract: The private equity market (hereinafter referred to as PE and venture capital — VC; in Russian terminology— the direct investment and venture capital market) underwent a profound transformation in 2022-2024. The withdrawal of key international players, sanctions restrictions, tighter currency and corporate regulation, as well as the flow of liquidity into banking instruments in the face of high key interest rates — all this has radically changed the market landscape, the structure of transactions and the trajectory of exits from investments. The article analyzes key trends and the current situation in the private capital market, in particular the direct investment market, as well as the constraints that hinder its development in the future. Special attention is paid to current trends, such as a decrease in the attractiveness of the market for foreign and domestic investors, a decrease in the volume of investments and the number of transactions, and the emergence of new mechanisms for organizing funds. It is concluded that there are institutional barriers in the direct investment market, in particular, low corporate transparency of recipient companies, limited participation of institutional investors, imperfect legislative framework, lack of traditional exit mechanisms from the capital of the investment object. The scientific novelty of the research consists in a comprehensive analysis of the direct financing market, identifying trends and institutional barriers in it.
Source: Management Accounting
Author: Селютин, Л.А.
Institution: Russian New University
Language: Russian
Subfield: Finance
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W7217547465