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dc.contributor.authorLingelbach, David Charlesen_GB
dc.date.accessioned2009-06-30T09:55:42Zen_GB
dc.date.accessioned2011-01-25T16:55:57Zen_GB
dc.date.accessioned2013-03-21T12:17:35Z
dc.date.issued2009-04-20en_GB
dc.description.abstractExisting variance studies of venture capital (VC) provide an incomplete understanding of VC emergence, emphasizing either macro-level enabling conditions or the efficient fund-level operation of the VC cycle. While important, such perspectives do not provide for a complete understanding of the systemic, processual character of VC emergence. A multistage process model of emergence is developed, linking industry structural characteristics and their underlying processes to precursor resources through the intermediate processes of coproduction and diffusion. Using data from multiple embedded case studies in South Africa and Botswana, this model integrates four processes--simultaneity, coproduction, diffusion, and the VC cycle. These processes are linked by a logic that is dominated by initial conditions and includes elements of rational choice (conditioned by path dependence) and altruism. The establishment of appropriate simultaneity conditions enables the diffusion of the established VC model and related institutions from other populations. In the presence of a market failure, government investors and private fund managers can then cooperate to fill the equity gap, creating the signal necessary for replication of additional VC funds through the functioning of the VC cycle.en_GB
dc.identifier.urihttp://hdl.handle.net/10036/71898en_GB
dc.language.isoen_USen_GB
dc.publisherUniversity of Exeteren_GB
dc.rightsCopyright 2009 by David Lingelbach. All rights reserved.en_GB
dc.subjectVenture Capitalen_GB
dc.subjectEmergenceen_GB
dc.subjectAfricaen_GB
dc.subjectSouth Africaen_GB
dc.subjectBotswanaen_GB
dc.titleNeither Pirates nor Politicos: The Emergence of Venture Capital in Weak Institutional Environmentsen_GB
dc.typeThesis or dissertationen_GB
dc.date.available2009-06-30T09:55:42Zen_GB
dc.date.available2011-01-25T16:55:57Zen_GB
dc.date.available2013-03-21T12:17:35Z
dc.contributor.advisorMurray, Gordonen_GB
dc.publisher.departmentManagementen_GB
dc.type.degreetitlePhD in Management Studiesen_GB
dc.type.qualificationlevelDoctoralen_GB
dc.type.qualificationnamePhDen_GB


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