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 66
- Downloads 0
Identifying Factors That Impact Virtual Teams
In our modern age of globalization, organizations are forced to explore several means of increasing performance, by using technology in the most efficient ways. The speed and agility of technology have caused the materia...
The Role Of Knowledge Absorption In The Mediation Of The Effect Of Social Network On The Competitive Advantages Of “Batik” Micro Company
"Batik" cloth is one of Indonesia's pride product. When a micro company of batik fails to compete with similar products, then the pride is lost. Therefore, the existence of batik needs to be maintained. The purpose of th...
The Relationship between Servant Leadership, Perceived Organizational Support, Performance, and Turnover among Business to Business Salespeople
The purpose of this study, using a sample of 382 business-to-business salespeople in the United States, was to investigate how servant leadership influences salespersons’ perceived organizational support (POS), outcome p...
The Role of Microfinance in the Entrepreneurial Development in Pakistan
This research was done with the prime objective to explore the role and effectiveness of microfinance in developing entrepreneurship. For economic growth and its sustainability, microfinance is deemed as one of the most...
Exploitation Of Aquatic Fauna During The Metal Age In Bukit Kamiri, Semporna, Sabah, Malaysia
This article discussed on the analysis of faunal remains from the aquatic environment uncovered from Bukit Kamiri, Semporna, Sabah, Malaysia. Based on the result of archeozoological analysis, the reptile, fish and mollus...