Anatolijs Prohorovs

Anatolijs Prohorovs
RISEBA University of Applied Sciences | RISEBA · Economics and Finance Department

Phd,

About

36
Publications
9,414
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106
Citations
Introduction
Dr. Anatolijs Prohorovs is Professor at the RISEBA University of Applied Sciences. He is the member of the RISEBA University scientific committee, as well as an expert in the Latvian Council of Science. Anatolijs Prohorovs is the CEO of the company recognized in the TOP 100 largest Latvian enterprises.
Additional affiliations
March 2016 - present
RISEBA University of Applied Sciences
Position
  • Professor (Associate)
May 2015 - March 2016
RISEBA University of Applied Sciences
Position
  • Leading Researcher

Publications

Publications (36)
Article
Full-text available
Over the past five years a significant change in the flow of investment trends and motivation has taken place caused by the global financial crisis. Experts get involved in discussions evaluating the venture capital investment trends and influencing factors. Several authors in their publications have expressed evaluations and conclusions regarding...
Conference Paper
Full-text available
The positive changes in the rates of innovation performance for the EU-27, according to the Innovation Union Scoreboard (IUS), show that the annual average growth rates of the leading countries - Sweden, Denmark, Finland, and Germany - have significantly decreased during the post-crisis period and range within 1-2%. Among the Baltic States, only Es...
Conference Paper
Full-text available
The current article examines the issue of financing the micro-enterprises of Latvia by venture capital funds. It considers the number of applications submitted by enterprises to venture capital funds, the number of investments and the amount of the financing granted to enterprises in general and to micro-enterprises in particular. These indicators...
Article
Full-text available
During the exploration of informal venture capital the authors of the work frequently came across with various definitions of such terms as informal investors and business angels. This research showed that various investigators, organizations and associations have different interpretation of the above-mentioned terms and, accordingly, use them diff...
Article
Full-text available
Each country is required to have a clearly formulated and detailed national strategy in the transition period for the purpose of management, stimulation, assessment and funding of innovative technology development process. A range of various funding sources includes private venture capital investments that have gradually created the industry of pri...
Article
Full-text available
The success of startups largely depends on the level of development of the startup ecosystem. Therefore, this article examines a previously unconsidered issue: what is the impact of large exits in countries with a small economy on the development of the startup ecosystem? To answer this question, we used the method of comparative analysis for a var...
Article
Full-text available
As a result of the Covid-19 pandemic, for the first time in contemporary history, countries have faced an extensive and multifaceted negative impact on the economy, affecting almost all areas of socioeconomic activity around the world and, accordingly, the drafting of recovery plans. The drafting of state economic recovery plans to mitigate the con...
Article
Full-text available
One of the main sources of funding for economic recovery in countries after the Covid-19 pandemic is the increase in public debt. But as a result of the Covid-19 pandemic and the strengthening of new trends in the development of the global economy, the level of uncertainty has greatly increased. As a result, countries that significantly increase th...
Article
Full-text available
Venture capital (VC) investments are pro-cyclical in nature, making it much more difficult for startups to attract investments during periods of economic recession than during economic growth. To mitigate the negative effects of the coronavirus crisis on the economy, countries are being forced to invest an unprecedented amount of financial resource...
Article
Full-text available
The paper addresses the issues of regional and export competitiveness of the countries in the same region with similar level of economic development with regard to labor costs borne by employers. Research results demonstrate that the country with higher labor costs shows lower export indicators both at the regional and global levels. Moreover, this...
Article
Full-text available
At the initial stage of the economic slowdown, companies should have clear understanding of the specifics of the emerging crisis in order to ensure that they quicker adapt to an absolutely new situation and suffer smaller losses, securing themselves an opportunity to restore their performance indicators in the shortest possible time. Therefore, in...
Article
Full-text available
Starting from 1 January 2018, Latvia introduced changes in the corporate income tax (CIT) system. In accordance with the new law, companies should pay CIT only from that part of the profit that is distributed as dividends, that is, essentially, reinvested profits were exempted from CIT. The same CIT system has been operating in Estonia since 2000,...
Conference Paper
Full-text available
Business angels (BAs) are an important source of financing for start-up companies, thus many countries implement different initiatives to support BAs. However, in order to obtain accurate data on the level of BA activity it is necessary to develop tools for measuring it. The existing literature does not offer any methodology for comparative assessm...
Article
Full-text available
Business angels are one of the main sources of financing for innovative start-up companies. In this regard, it has been discussed in the existing literature that policy-makers and stakeholders are in great need for a tool to measure the level and scale of the development of the business angel market. It has been also mentioned that business angel a...
Article
Full-text available
In this paper, we consider the changes that occurred in the service exports of thirty-eight European countries in the period of 2005-2016. We have found that the existing world trend related to the growth of service exports is also present in Europe. However, the trend of the service exports' share growth in the general volume of export is not comm...
Article
Full-text available
Only a small percentage of startups attract capital from venture capital investors. To determine the factors which owners of startups consider the most important for attracting seed venture investments, the founders of 40 startups in Latvia and Russia were questioned. The researchers compared organizational and financial factors’ importance for two...
Conference Paper
Full-text available
The quality of the Master thesis developed by the students of the Entrepreneurship and Management to a large extent indicates the quality of knowledge, the level of skills and abilities of the graduates. In the article we consider our experience in supervising students' participation in the research projects and development of Master theses. Our an...
Conference Paper
Full-text available
The primary goal of the article is to study the effect of the single tax introduction for the microenterprises in Latvia. The major aspects affected by the new regime introduction studied in the present article were net registration of microenterprises, the employment level in the country, the budget revenues. The tax benefits and exemptions availa...
Conference Paper
Full-text available
The paper deals with the issues of investment of hybrid and public venture capital funds. The results show that hybrid and public venture capital funds in Latvia in most cases are the first investors. Only a smaller part of these investments are investments of the early stages of funding. The results of our research suggest that venture capital fun...
Article
Full-text available
One of the tools for financing young innovative companies is state-subsidized venture capital funds (VCF). The paper explores the issues of demand for investment and the structure of Latvian state-subsidized VCF investments. We found that of the total number of applications for investment received by state-subsidized VCFs, only 42.5% come from inno...
Book
Full-text available
Monogrāfijā tiek pamatots līdz peļņas sadales brīdim atliktā UIN ieviešanas lietderīgums. Šāda UIN maksāšanas sistēma Igaunijā pastāv kopš 2000. gada. Monogrāfijā ir veikta Igaunijas un Latvijas uzņēmumu uzņēmējdarbības aktivitātes un finanšu rādītāju, tiešo ārzemju investīciju apjomu un virknes makroekonomisko rādītāju salīdzinošā analīze laika pe...
Article
Full-text available
The study considers feasibility of introduction of corporate income tax deferral until distribution of enterprise profits aimed to accelerate economic growth, increase budget revenues and raise welfare of the population of Latvia. The study analyses the effect of introduction of corporate income tax deferral until distribution of enterprise profits...
Article
Full-text available
The current article examines the tendencies, amounts and sources of financing for the whole population of micro-enterprises (hereinafter referred to as MEs) in one country. The changes in the amounts and the structure of ME financing with regard to the three main sources – bank loans, leasing and factoring – are analysed and compared with the respe...
Article
Full-text available
The paper examines the issues of state and development of the informal venture capital (IVC) of Latvia. The results of a questionnaire survey of managers of business angels networks (BAN) are presented in the paper. The research analyses both quantitative and qualitative indicators of the IVC. The data on the IVC of Latvia were compared with the in...
Article
Full-text available
The venture capital funds (VCF) financing sources of Latvia are considered in this paper. In the course of the work, a comparison was made between VCF financing sources generally used in Europe, Central and Eastern Europe (CEE) countries, and Latvia. Based on the results of questionnaire of VCF partners, an investigation of sources and structure of...
Article
Full-text available
The paper deals with the problems of capital attraction into venture capital funds of Latvia. In the post-crisis period, investor concern towards risks worsened. The attitude of banks to venture projects became more cautious as well. Therefore, it has become increasingly important to identity causes and factors that hinder the attraction of venture...
Conference Paper
Full-text available
The paper deals with the issues of attracting investments into venture capital and private equity funds in Latvia. The aim of the research is to assess changes in the venture capital and private equity industry and evaluate its condition in the post-crisis period. The period of analysis is the years 2004-2012, focusing on processing information for...
Article
Full-text available
This study is devoted to a comparative analysis of the level of venture capital funding in Europe. The goal of the study is to identify economic factors, which determine the activity of venture capital in the country. We considered a relationship between a volume of venture capital in a country and indicators of economic development such as gross d...

Questions

Question (1)
Question
Hello! I prepare course of lectures “Introduction to venture capital” for master student of the Faculty of Economics and Management.
Maybe anybody have program or structure of such courses that I could look at and improve my material?
Besides, perhaps anybody can advise me some textbooks of Venture Capital, which I can recommend to master students?

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