O INSPER E ESTE REPOSITÓRIO NÃO DETÊM OS DIREITOS DE USO E REPRODUÇÃO DOS CONTEÚDOS AQUI REGISTRADOS. É RESPONSABILIDADE DOS USUÁRIOS INDIVIDUAIS VERIFICAR OS USOS PERMITIDOS NA FONTE ORIGINAL, RESPEITANDO-SE OS DIREITOS DE AUTOR OU EDITORANDREA MARIA ACCIOLY FONSECA MINARDI2022-08-062022-08-062020https://repositorio.insper.edu.br/handle/11224/3889We investigate the different forms of entrepreneurial governance in private equity (PE) investments in emerging markets. Our research design is a multicase, inductive study that uses field data to assess the full cycle of PE investments in forty companies in Brazil, a dynamic emerging economy. Our central contribution is a framework of PE investment in the presence of institutional voids. We find that PE firms can adopt three distinct entrepreneurial governance structures: growth equity, entrepreneurial buyout, and submissive buyout. We describe the main characteristics of these governance structures and discuss the key drivers that influence their adoption.24 p.DigitalInglêsprivate equityentrepreneurial governanceemerging marketinstitutional voidsbuyoutcorporate governanceconference paper