Most research on private equity is based on American theory, tested on American empirical data. Nevertheless, the private equity concept has gained a solid foothold in the Nordic region, especially in Sweden. This article analyzes whether American-biased assumptions prevail in the Nordic countries or if there might be other reasons for the concept to work so well there. The conclusion is that major cultural, economic, and political differences between the U.S. and the Nordic countries make it difficult to apply American theories and empirical findings to the Nordic region.
|Journal||Journal of Private Equity|
|Publication status||Published - 2013|