Private Equity in Higher Education Sector in India- Need of the Hour!
DOI:
https://doi.org/10.1956/jge.v14i1.482Keywords:
Private Equity, General Partner, Limited Partner. Portfolio Company, Technical Higher Education Institution and BuyoutAbstract
Setting up of an educational institution is not easy and requires a lot of regulatory formalities to be completed before opening and during its operations. If it is shut down within initial phase it is painful as well as legally difficult to close it, especially in India. It has been observed that a significant number of academic institutions of technical higher education have been shut down by the promoters due to lack of financial viability, lack of knowledge of about the business, poor management, and other social factors. The present study is an attempt to find out the reasons of mass failure of many technical higher education institutions and to suggest a unique financing model in order to ensure the quality of education and long-term benefit for the promoters by maintaining financial discipline.References
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2. Asian Development Bank. (2012) Private Higher Education across Asia Expanding Access, Searching for Quality. Asian Development Bank, Manila, Philippines
3. Asian Development Bank. (2012). counting the cost: Financing Asian higher education for inclusive growth. Asian Development Bank, Manila, Philippines.
4. Bansal, Deepak, (2014). Examination of venture capitalists role in Indian Economy , 4D International Journal of Management and Science, ISSN No: 2250-0669, @4D Crossconnect.com, Inc., 2012 www.4dinternationaljournal.com, Vol. 4, Issue3,-2014.
5. Barber, F., & Goold, M. (2007). The strategic secret of private equity. Harvard Business Review, 85(9), 53.
6. Bhardwaj, G. N., & Kumar, S. What Makes Teaching an Effective Teaching? —A Conceptual Study on Academic Environment.
7. Chang, C. (2000). The informational requirement on financial systems at different stages of economic development: The case of South Korea. World Bank. Financial Structure and Economic Development, Washington, DC.
8. Krohmer, P., Lauterbach, R., & Calanog, V. (2009). The bright and dark side of staging: Investment performance and the varying motivations of private equity firms. Journal of Banking & Finance, 33(9), 1597-1609.
9. Kumar, S., & Bhardwaj, G. N. (2015, October). Effective teaching and Learning process through project based Learning (PBL). In MOOCs, Innovation and Technology in Education (MITE), 2015 IEEE 3rd International Conference on (pp. 325-330). IEEE.
10. Nair, P., & Kumar, D. (2004). The Financing of Higher Education–A Broader View. The ICFAI Journal of Infrastructure, June, the ICFAI University Press.
11. Opportunities in the Growth of Private Equity, cognizant 20-20 insights, September 2012.
12. PE in India 2025A 40-bn-USD decade beckons? PWC
13. Rani, P. G. (2004). Economic reforms and financing higher education in India. Indian Journal of Economics and Business, 3, 79-102.
14. Saxenian, AnnaLee (2005). From Brain Drain to Brain Circulation: Transnational Communities and Regional Upgrading in India and China, Studies in Comparative International Development, Summer 2005, Vol. 40, No. 2, pp. 35-61.
15. Stephen, P. (1998). The Economics of Private Equity Market. The Economic Review- Federal Reserve Bank of Dallas.
16. Xiang, J., Wang, S., Kong, Z., & Li, W. (2009). Strategic Analysis for Hi-tech Enterprises to Introduce PE Investment in China. International Business Research, 2(2), 187.
17. "Prime Minister Narendra Modi Listened To Dr Anbumani Ramadass MP on Education Loan Issues ~ Education Loan Task Force (ELTF)". Eltf.in. N.p., 2016. Web. 10 Aug. 2016.
18. "Nexus Private Equity | Advantages & Disadvantages". Nexus-pe.hr. N.p., 2016. Web. 21 Aug. 2016.
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Published
08.11.2018
How to Cite
Sharma, M., Bharadwaj, G. N. and Kumar, S. (2018) “Private Equity in Higher Education Sector in India- Need of the Hour!”, Journal of Global Economy, 14(1), pp. 40–57. doi: 10.1956/jge.v14i1.482.
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