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
Optimal Programming Problems for Crop Planning and Agricultural Resource Management
In this paper the researchers have developed two linear programming problems for optimal allocation of agricultural land with the objectives of minimizing farming costs and maximizing the revenue. The formulation of cons...
The Odd Couple Revisited: A Quantitative Analysis of Perceived CFO – CEO Relationships in SDA North American Division Conferences
Historically, CFOs and CEOs functioned in their own office silos, however, changes in how CFOs and CEOs relate to and work together in their organizations occurred due to the impact of Sarbanes-Oxley Act. The purpose of...
A Case Study to Address the AACSB Curricula Management Review
This paper examines a curricula management improvement process model to apply to the review of a business school core curriculum consistent with AACSB (Association to Advance Collegiate Schools of Business International)...
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...
Agility and inter-organizational relations as elements of creating knowledge in an organization
Knowledge and abilities of employees are the most important tools that serve the development of each organization. The dynamics of changes in modern economy requires from the people who manage an organization to have ext...