The influence of institutional environment on venture capital development in emerging economies: the example of Nigeria

The aim of the study is to investigate the development of venture capital (VC) in an emerging economy lacking the fully-developed legal and financial institutions necessary to support private-equity financing. This study, undertaken in Nigeria, included extended interviews with venture capitalists (VCs), entrepreneurs who were able to secure VC funding and those who were not, a government minister and their key policy staff. The findings suggest that VCs require stable trusted institutional frameworks, regulations and tax regimes, alongside clear exit strategies. They also suggest that informal institution such as networking is important for VC development. These findings have major implications for VC policy and for the development of technology-based industrial start-ups. The paper contributes to the literature on the impact of institutions on VC development processes in emerging economies

A comparison of the Comptroller's organization in the Departments of the military establishment

http://archive.org/details/comparisonofcomp19566sch

Inventory control through financial control.

http://archive.org/details/inventorycontrol19566sch

IMPACT OF THE LACK OF INSTITUTIONAL DEVELOPMENT ON THE VENTURE CAPITAL INDUSTRY IN THAILAND

In this paper we analyze the development of venture capital in Thailand. We use institutional theory in order to better understand the context of developing venture capital investment and operations strategies in a developing country, which lacks fully-developed legal and financial institutions. The major challenges for venture capitalists are maintaining a viable presence and exiting their investments through alternatives other than an IPO.Venture capital, transition economies, institutional theory