WILLIAM SCHEELA () (Bemidji State University, Minnesota State University System, USA) THAWATCHAI JITTRAPANUN () (Chulalongkorn University, Bangkok, Thailand)
Abstract
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.
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