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

Venture capital (VC) can be nurtured in the right environment, within an emerging economy, to be attractive to private VC investment development. Venture capitalists require stable institutional frameworks, regulations, and tax regimes alongside clear exit strategies. Informal institution such as ne...

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Bibliographic Details
Published in:Strategic change 2019-01, Vol.28 (1), p.95-107
Main Authors: Ekanem, Ignatius, Owen, Robyn, Cardoso, Antonio
Format: Article
Language:English
Subjects:
Emerging markets
Entrepreneurial finance
Venture capital
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Summary:Venture capital (VC) can be nurtured in the right environment, within an emerging economy, to be attractive to private VC investment development. Venture capitalists require stable institutional frameworks, regulations, and tax regimes alongside clear exit strategies. Informal institution such as networking is important for VC development. Governments of emerging economies need to stimulate entrepreneurial awareness of equity finance through training and promotion to facilitate investment readiness.
ISSN:1086-1718
1099-1697
DOI:10.1002/jsc.2249