@article{faatkilijaska2019how,
  title = {How Private Equity Funds Boost the Competitiveness of Companies (Based On Polish Cases)},
  author = {Ilona FAŁAT-KILIJAŃSKA and Piotr LUTY},
  year = 2019,
  url = {https://ibimapublishing.com/articles/JFSR/2019/630543/},
  journal = {Journal of Financial Studies and Research},
  volume = 2019,
  pages = 13,
  doi = 10.5171/2019.630543,
  abstract = {In order for a company to develop, it needs to be innovative. However, the company must first reach the right level of employment and turnover. In turn, in order for a company to reach this appropriate level, sufficient capital resources are necessary. A private equity fund provides primarily this last element, thus becoming the company's largest shareholder. The object of this article is to show the influence that private equity investments have on companies' activities, and especially on the growth of competitiveness and innovation performance. The study conducted by authors shows that a private equity fund has significant influence on the strategic decisions made by the company management, the direction of its development and the future ownership structure. The study also made it possible to determine the role that a private equity fund, being a shareholder of a given company, plays in creating its market position.
An important source of empirical data is the author’s own surveys and interviews with representatives of shareholding companies, as well as with private equity fund managers. Years of research: 1998 – 2016.The study involved 59 companies, which account for 11% of the entire population were taken into consideration. Several research methods were used in the study: the descriptive method, the comparative analysis method, the critical analysis method and the synthesis of conclusions method. Moreover, analysis of the results obtained within the study and the statistical data analysis were conducted.},
  keywords = {private equity investments, venture capital, competitiveness, innovation.},
  note = Article ID: 630543
}