Journal ArticleDOI
Venture Capital in Emerging Economies: Networks and Institutional Change
David Ahlstrom,Garry D. Bruton +1 more
TLDR
In this paper, the impact of networks and changing institutional environments on venture capital during different phases of an economic transition process in emerging economies is investigated and the implications are for venture capital and the role of informal institutions as formal institutions become more established.Abstract:
Emerging economies are characterized by fundamental and comprehensive institutional transformations as their economies begin to mature. How venture capitalist functions in environments that differ so fundamentally from those of the mature markets where venture capital was initially developed has only begun to be addressed. This article builds a framework to further the understanding of venture capital practice in emerging markets. Specific attention is focused on the impact of networks in the model, in particular, how networks and other informal institutions can act to supplement or replace formal institutions when they are weak. The article goes on to examine what the implications are for venture capital and the role of informal institutions in emerging economies as formal institutions become more established. The research and resulting model is grounded in 65 semistructured interviews with venture capitalists in emerging economies around East Asia. This article contributes to the literature by drawing attention to the impact of networks and changing institutional environments on venture capital during different phases of an economic transition process in emerging economies. The findings have implications for understanding institutional impact on venture capital activity as well as entrepreneurs and entrepreneurial ventures that seek venture capital financing in emerging economies.read more
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Journal ArticleDOI
Signaling in Equity Crowdfunding
TL;DR: In this article, the authors examine the impact of firms' financial roadmaps (e.g., pre-planned exit strategies such as IPOs or acquisitions), external certification (awards, government grants and patents), internal governance (such as board structure), and risk factors ( such as amount of equity offered and the presence of disclaimers) on fundraising success.
Journal ArticleDOI
Signaling in Equity Crowdfunding
TL;DR: In this paper, the authors examine the impact of venture quality (human capital, social [alliance] capital, and intellectual capital) and uncertainty on fundraising success and highlight that retaining equity and providing more detailed information about risks can be interpreted as effective signals and can therefore strongly impact the probability of funding success.
Journal ArticleDOI
Entrepreneurship in Emerging Economies: Where Are We Today and Where Should the Research Go in the Future
TL;DR: A special issue on entrepreneurship in emerging economies examines the literature that exists to date in this important domain and reviews the research that was generated as part of this special issue as mentioned in this paper, concluding with a discussion of the critical future research needs in this area.
Posted Content
Building Inclusive Markets in Rural Bangladesh : How Intermediaries Work Institutional Voids
TL;DR: In this article, the authors uncover institutional voids as the source of market exclusion and identify two sets of activities: redefining market architecture and legitimizing new actors as critical for building "inclusive" markets.
Journal ArticleDOI
Building Inclusive Markets in Rural Bangladesh: How Intermediaries Work Institutional Voids
TL;DR: In this paper, the authors uncover institutional voids as the source of market exclusion and identify two sets of activities: redefining market architecture and legitimating new actors as critical for building "inclusive" markets.
References
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Book
Case Study Research: Design and Methods
TL;DR: In this article, buku ini mencakup lebih dari 50 studi kasus, memberikan perhatian untuk analisis kuantitatif, membahas lebah lengkap penggunaan desain metode campuran penelitian, and termasuk wawasan metodologi baru.
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Discovery of Grounded Theory: Strategies for Qualitative Research
TL;DR: The Discovery of Grounded Theory as mentioned in this paper is a book about the discovery of grounded theories from data, both substantive and formal, which is a major task confronting sociologists and is understandable to both experts and laymen.
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Qualitative Data Analysis: An Expanded Sourcebook
TL;DR: This book presents a step-by-step guide to making the research results presented in reports, slideshows, posters, and data visualizations more interesting, and describes how coding initiates qualitative data analysis.
Journal ArticleDOI
Building theories from case study research
TL;DR: In this paper, the authors describe the process of inducting theory using case studies from specifying the research questions to reaching closure, which is a process similar to hypothesis-testing research.
Journal ArticleDOI
Basics of qualitative research : grounded theory procedures and techniques
Anselm L. Strauss,Juliet Corbin +1 more
TL;DR: In this article, the authors discuss the uses of literature and open coding techniques for enhancing theoretical sensitivity of theoretical studies, and give guidelines for judging a grounded theory study.