Venture Capital Financing: Perspective of Entrepreneurs in an Emerging Economy
Journal Title: Archives of Business Research - Year 2017, Vol 5, Issue 8
Abstract
In the developing countries the need for capital of small businesses remains small and fragmented despite a vast number of small businesses operating in these countries. A cross-sectional survey of entrepreneurs was conducted within the Kumasi Metropolis of Ghana on their perspective of venture capital financing. Questionnaires were used to assess their perception and impact of venture capital financing on small businesses whiles descriptive statistics and multiple linear regression were used to analyse the data. Result revealed that the requirement for accessing venture capital was difficult and cumbersome but the entrepreneurs confirmed that venture capital financing and its related packages can make the enterprise a success. The study found sales, innovation and efficiency variables to be positively significant whiles profit has a negative significant impact on venture growth and performance. This study suggests that the venture capital trust fund must embark on nationwide educational drive by engaging the business communities on its operations. The government must show real commitments and programmes towards the realisation of private enterprises development. Furthermore, the study prescribed five generic requirements for entrepreneurs and the venture capital industry that will guide start-up businesses.
Authors and Affiliations
Charles Adusei, Tweneboah-Koduah Isaac
Keywords
Related Articles
- EP ID EP314013
- DOI 10.14738/abr.58.3541
- Views 51
- Downloads 0
Disclosure of Relevant Acts or Facts: A Study of Brazilian Companies Issuing American Deposit Receipts – Adrs at American Stock Exchanges
The aim of this article identifies, evaluates and describes relevant facts and acts' occurrences disclosed by Brazilian companies issuing ADRs - American Depositary Receipts. The analysis was made based on 1,125 informat...
Poverty In The Developing Countries: A Multifold Curse
As poverty is a systematic curse that affects many macro factors of economy, policies & planning not only in developing countries but throughout the world therefore it becomes a socioeconomic issue on national & internat...
Effect of Talent Management On The Success Of Organization Development
This study is done to find the effect of talent management on organization success. The finding of the study is that the effective talent management does result in the success or development of organization. In this stud...
Venture Capital Financing: Perspective of Entrepreneurs in an Emerging Economy
In the developing countries the need for capital of small businesses remains small and fragmented despite a vast number of small businesses operating in these countries. A cross-sectional survey of entrepreneurs was cond...
The Impact Of Globalization On The Performance Of Commercial Banks In Nigeria: A Long –Run Equilibrium Analysis
The research examined the effects of globalization on the performance of Nigerian Commercial banks between 1986 and 2015. Specifically, the research accomplished this task using proxies such as foreign private investment...