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 36
- Downloads 0
Socio-Economic Status and Life Expectancy in Lebanon: An Empirical Analysis
This study has investigated the impact of socio-economic status on life expectancy in the case of Lebanon over the period of 1971 to 2014. Availability of food, CO2 emissions, secondary school enrollment, per capita inco...
Sustainable Curbing Of Youth Restiveness In IMO State: The Strategic Role Of Entrepreneurship Development
This study examined Curbing Youth Restiveness in Imo State: The Strategic Role of Entrepreneurship Development. The descriptive survey research method was adopted and the study covered a population of 1396 people randoml...
Capitalism and Democracy: A Critical & Investigative Analysis of the United States Government’s Policy Making
Policy making, put in place by the people for the purpose of serving the people, should be one of, if not the, most efficient institutions in the nation. In this research paper, the authors seek to critically evaluate U....
Riding the Waves of Technology: A Study into How SMEs Select Computerized Accounting Software (CAS) supplier in Developing Countries
Many SMEs are foreseeing the immense benefits of implementing CAS to facilitate the processing of their financial reporting. This Phenomenon has led to the spread of many CAS products in the software market, making it di...
Value, Growth and Divergence of Opinion in Emerging Markets: Chinese Evidence
The issue of whether value stocks outperform growth stocks as predicted by the Fama and French three-factor model is of continuing interest and debate. In this paper, we examine (a) whether value stocks outperform growth...