IDEAS home Printed from https://ideas.repec.org/a/ids/ijeima/v6y2006i4-5p286-302.html
   My bibliography  Save this article

Venture capital in Latin America: evolution and prospects in Chile

Author

Listed:
  • Gianni Romani Chocce
  • Miguel Atienza Ubeda

Abstract

This paper aims to show the evolution, current situation, and perspectives of venture capital in Latin America with special reference to Chile. Venture capital development in Latin America has been slow and precarious so far. Investment flows have stagnated since the late 1990s and, in most cases, they have not been used to finance the development of innovative Small and Medium Enterprises (SMEs). This is due to external factors such as the impact of the Asian crisis and the Nasdaq crash in the USA, and to internal factors such as economic instability and short experience of the venture capital activity in the region, the lack of entrepreneurship and risk investor culture and an appropriate legal framework. In Chile, venture capital development has been slow in spite of the country's economic growth and stability. However, institutional reforms and changes in entrepreneurship culture are advancing toward the creation of a more favourable environment for the definite takeoff of this activity.

Suggested Citation

  • Gianni Romani Chocce & Miguel Atienza Ubeda, 2006. "Venture capital in Latin America: evolution and prospects in Chile," International Journal of Entrepreneurship and Innovation Management, Inderscience Enterprises Ltd, vol. 6(4/5), pages 286-302.
    • Handle: RePEc:ids:ijeima:v:6:y:2006:i:4/5:p:286-302
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=10366
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Pandey, Dharen Kumar & Hunjra, Ahmed Imran & Hassan, M. Kabir & Rai, Varun Kumar, 2023. "Venture capital financing during crises: A bibliometric review," Research in International Business and Finance, Elsevier, vol. 64(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijeima:v:6:y:2006:i:4/5:p:286-302. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=7 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.