Publications
& Policy

Proposal for a Regulation of the European Parliament and of the Council on structural measures improving the resilience of EU credit institutions.

A report commissioned by the EVCA on the implications of the proposed financial transaction tax for private equity.

State aid: Commission adopts new rules on risk finance.

In this paper we address the magnitude of debt-related tax shields employing a proprietary data set of 56 German leveraged buyouts (LBOs) completed between 1997 and 2011. In particular we examine the relevance and performance contribution of tax shields under different financing policies, and the economic impact of limiting tax-deductible interest based on the new tax code introduced in 2008 in Germany. We highlight that LBO tax shields are significant in terms of size, but there is little evidence for a significant performance contribution. Our results suggest that the economic impact from limiting tax-deductible interest in Germany is low for LBOs.

"I investigate the effects of venture capital financing on corporate performance by applying a two-stage propensity score matching on Austrian micro-data."

Commission Delegated Regulation supplementing Directive 2011/61/EU of the European Parliament and of the Council with regard to regulatory technical standards determining types of alternative investment fund managers.

A straightforward introduction to the impact of the EU’s Alternative Investment Fund Managers Directive (AIFMD) on non-European general partners and limited partners.

EVCA - PAE Position paper on the European Commission proposal for a Regulation on European Long-term Investment Funds (2013/0214(COD)).

How Europe can climb the growth curve.

A review of quarterly fundraising, investment and divestment trends in European private equity and venture capital activity since Q1 2007. Please note that this data covers a representative sample surveyed for the Quarterly Indicator.

Response to the European Commission Consultation on a new European approach to business failure and insolvency.

Response to Consultation on the revision of the Guidelines on State aid to support SME access to risk capital.

Response to the Consultation 'Towards more effective EU merger control'.

Response to the Consultation on the review of the European System of Financial Supervision.