IDEAS home Printed from https://ideas.repec.org/h/elg/eechap/3089_6.html
   My bibliography  Save this book chapter

Institutional support for investment in new technologies: the role of venture capital institutions in developing countries

In: Financial Systems, Corporate Investment in Innovation, and Venture Capital

Author

Listed:
  • Sunil Mani
  • Anthony Bartzokas

Abstract

This book examines the role of venture capital institutions in financing technology-based ventures both in developed and developing countries. It also explores that part of venture capital activity which is hitherto vastly under-researched; namely the ability of venture capital institutions to render a whole host of value-added support functions. These include setting up management teams and designing strategic plans for fledgling enterprises. The latter issue is operationalized through a series of carefully chosen case studies.

Suggested Citation

  • Sunil Mani & Anthony Bartzokas, 2004. "Institutional support for investment in new technologies: the role of venture capital institutions in developing countries," Chapters, in: Anthony Bartzokas & Sunil Mani (ed.), Financial Systems, Corporate Investment in Innovation, and Venture Capital, chapter 6, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:3089_6
    as

    Download full text from publisher

    File URL: https://www.elgaronline.com/view/9781843763925.00010.xml
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Black, Bernard S. & Gilson, Ronald J., 1998. "Venture capital and the structure of capital markets: banks versus stock markets," Journal of Financial Economics, Elsevier, vol. 47(3), pages 243-277, March.
    2. Schertler, Andrea, 2001. "Venture Capital in Europe's Common Market: A Quantitative Description," Kiel Working Papers 1087, Kiel Institute for the World Economy (IfW Kiel).
    3. Bronwyn Hall, 2004. "The financing of research and development," Chapters, in: Anthony Bartzokas & Sunil Mani (ed.), Financial Systems, Corporate Investment in Innovation, and Venture Capital, chapter 2, Edward Elgar Publishing.
    4. Jeng, Leslie A. & Wells, Philippe C., 2000. "The determinants of venture capital funding: evidence across countries," Journal of Corporate Finance, Elsevier, vol. 6(3), pages 241-289, September.
    5. Bartzokas, Anthony, 2001. "Financial Markets and Technological Change: Patterns of Technological and Financial Decisions by Manufacturing Firms in Southern Europe," UNU-INTECH Discussion Paper Series 2001-04, United Nations University - INTECH.
    6. Narayanan, K., 1998. "Technology acquisition, de-regulation and competitiveness: a study of Indian automobile industry," Research Policy, Elsevier, vol. 27(2), pages 215-228, June.
    7. Kathuria, Vinish, 1998. "Foreign Firms and Technology Transfer Knowledge Spillovers to Indian Manufacturing Firms," UNU-INTECH Discussion Paper Series 1998-04, United Nations University - INTECH.
    8. Samuel Kortum & Josh Lerner, 2000. "Assessing the Contribution of Venture Capital to Innovation," RAND Journal of Economics, The RAND Corporation, vol. 31(4), pages 674-692, Winter.
    9. Vinish Kathuria, 1998. "Technology Transfer and Spillovers for Indian Manufacturing Firms," Development Policy Review, Overseas Development Institute, vol. 16(1), pages 73-91, March.
    10. Mani, Sunil, 1999. "Public Innovation Policies and Developing Countries In a Phase of Economic Liberalisation," UNU-INTECH Discussion Paper Series 1999-02, United Nations University - INTECH.
    11. Sunil Mani, 2002. "Government, Innovation and Technology Policy," Books, Edward Elgar Publishing, number 2688.
    12. Cooper, Charles, 1995. "Technology, Manufactured Exports and Competitiveness," UNU-INTECH Discussion Paper Series 1995-13, United Nations University - INTECH.
    13. Jenkins, Rhys, 1998. "Environmental Regulation and International Competitiveness: A Review of Literature and Some European Evidence," UNU-INTECH Discussion Paper Series 1998-01, United Nations University - INTECH.
    14. Anthony Bartzokas & Morris Teubal, 2002. "The Political Economy Of Innovation Policy Implementation In Developing Countries," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 11(4-5), pages 271-274.
    15. Dossani, Rafiq & Kenney, Martin, 2002. "Creating an Environment for Venture Capital in India," World Development, Elsevier, vol. 30(2), pages 227-253, February.
    16. Mayer, Colin, 2002. "Financing the New Economy: financial institutions and corporate governance," Information Economics and Policy, Elsevier, vol. 14(2), pages 311-326, June.
    17. Lockett, Andy & Murray, Gordon & Wright, Mike, 2002. "Do UK venture capitalists still have a bias against investment in new technology firms," Research Policy, Elsevier, vol. 31(6), pages 1009-1030, August.
    18. Mani, Sunil, 2000. "Exports of High Technology Products from Developing Countries: Is it Real or a Statistical Artifact?," UNU-INTECH Discussion Paper Series 2000-01, United Nations University - INTECH.
    19. Bastos, Maria-Inês, 1995. "Telecommunication Industry in Brazil: Public-Private Relationship and Technology Development," UNU-INTECH Discussion Paper Series 1995-03, United Nations University - INTECH.
    20. Singh, Ajit & Singh, Alaka & Wiesse, Bruce, 2000. "Information technology, venture capital and the stock market," MPRA Paper 53718, University Library of Munich, Germany.
    21. Paul Gompers & Josh Lerner, 2001. "The Venture Capital Revolution," Journal of Economic Perspectives, American Economic Association, vol. 15(2), pages 145-168, Spring.
    22. Colin Mayer, 2001. "Financing the New Economy: Financial Institutions and Corporate Governance," WIDER Working Paper Series DP2001-04, World Institute for Development Economic Research (UNU-WIDER).
    23. Andreas Pfeil, 2001. "Venture capital: New ways of financing technology innovation," Human Development Occasional Papers (1992-2007) HDOCPA-2001-09, Human Development Report Office (HDRO), United Nations Development Programme (UNDP).
    24. Storey, D. J. & Tether, B. S., 1998. "Public policy measures to support new technology-based firms in the European Union," Research Policy, Elsevier, vol. 26(9), pages 1037-1057, April.
    25. Hall, Bronwyn & Van Reenen, John, 2000. "How effective are fiscal incentives for R&D? A review of the evidence," Research Policy, Elsevier, vol. 29(4-5), pages 449-469, April.
    Full references (including those not matched with items on IDEAS)

    Citations

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


    Cited by:

    1. Franco Malerba & Richard R. Nelson, 2012. "Introduction," Chapters, in: Franco Malerba & Richard R. Nelson (ed.), Economic Development as a Learning Process, chapter 1, Edward Elgar Publishing.
    2. Márcia Siqueira Rapini, 2009. "Sistemas financeiros e o financiamento à inovação: algumas reflexões para o Brasil," Textos para Discussão Cedeplar-UFMG td367, Cedeplar, Universidade Federal de Minas Gerais.
    3. Florian Arun Taeube, 2004. "Proximities and Innovation Evidence from the Indian IT Industry in Bangalore," DRUID Working Papers 04-10, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Anthony Bartzokas & Morris Teubal, 2002. "A Framework for Policy Oriented Innovation Studies in Industrialising Countries," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 11(4-5), pages 477-496.
    2. Mani, Sunil, 2001. "Government, Innovation and Technology Policy, An Analysis of the Brazilian Experience during the 1990s," UNU-INTECH Discussion Paper Series 2001-11, United Nations University - INTECH.
    3. Mani, Sunil, 2001. "Working with the Market: The Israeli Experience of Promoting R&D in the Enterprise Sector and the Lessons for Developing Countries," UNU-INTECH Discussion Paper Series 2001-09, United Nations University - INTECH.
    4. Mani, Sunil, 2001. "Government and Innovation Policy An Analysis of the South African Experience since 1994," UNU-INTECH Discussion Paper Series 2001-02, United Nations University - INTECH.
    5. Mani, Sunil, 2001. "Role of Government in Promoting Innovation in the Enterprise Sector An Analysis of the Indian Experience," UNU-INTECH Discussion Paper Series 2001-03, United Nations University - INTECH.
    6. Mani, Sunil, 2000. "Policy Instruments for Stimulating R&D in the Enterprise Sector: The Contrasting Experiences of Two MNC Dominated Economies from Southeast Asia," UNU-INTECH Discussion Paper Series 2000-09, United Nations University - INTECH.
    7. Valérie Revest & Alessandro Sapio, 2012. "Financing technology-based small firms in Europe: what do we know?," Small Business Economics, Springer, vol. 39(1), pages 179-205, July.
    8. Mytelka, Lynn & Farinelli, Fulvia, 2000. "Local Clusters, Innovation Systems and Sustained Competitiveness," UNU-INTECH Discussion Paper Series 2000-05, United Nations University - INTECH.
    9. Ganeshan Wignaraja, 2002. "Firm Size, Technological Capabilities and Market-oriented Policies in Mauritius," Oxford Development Studies, Taylor & Francis Journals, vol. 30(1), pages 87-104.
    10. Oyelaran-Oyeyinka, Banji & Adeya, Catherine Nyaki, 2002. "Internet Access in Africa: An Empirical Exploration," UNU-INTECH Discussion Paper Series 2002-05, United Nations University - INTECH.
    11. Ha-Joon Chang & Ali Cheema & L. Mises, 2002. "Conditions For Successful Technology Policy In Developing Countries—Learning Rents, State Structures, And Institutions," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 11(4-5), pages 369-398.
    12. Clark, Norman, 2001. "Innovation Systems, Institutional Change and the New Knowledge Market: Implications for Third World Agricultural Development," UNU-INTECH Discussion Paper Series 2001-10, United Nations University - INTECH.
    13. Rasiah, Rajah, 2002. "TRIPs and Capability Building in Developing Economies," UNU-INTECH Discussion Paper Series 2002-01, United Nations University - INTECH.
    14. Kim, Linsu, 2000. "The Dynamics of Technological Learning in Industrialisation," UNU-INTECH Discussion Paper Series 2000-07, United Nations University - INTECH.
    15. Oyelaran-Oyeyinka, Banji, 2001. "Networks and Linkages in African Manufacturing Cluster: A Nigerian Case Study," UNU-INTECH Discussion Paper Series 2001-05, United Nations University - INTECH.
    16. Mohan Babu, G.N., 1999. "The Determinants of Firm-level Technological Performances - A Study on the Indian Capital Goods Sector," UNU-INTECH Discussion Paper Series 1999-01, United Nations University - INTECH.
    17. Bastos, Maria-Ines & Steinmueller, Edward, 1995. "Information and Communication Technologies: Growth, Competitiveness, and Policy for Developing Nations," UNU-INTECH Discussion Paper Series 1995-11, United Nations University - INTECH.
    18. Cooper, Charles, 1995. "Technological Change and Dual Economies," UNU-INTECH Discussion Paper Series 1995-10, United Nations University - INTECH.
    19. Mani, Sunil, 2000. "Exports of High Technology Products from Developing Countries: Is it Real or a Statistical Artifact?," UNU-INTECH Discussion Paper Series 2000-01, United Nations University - INTECH.
    20. Gu, Shulin, 1999. "Implications Of National Innovation Systems For Developing Countries: Managing Change And Complexity In Economic Development," UNU-INTECH Discussion Paper Series 1999-03, United Nations University - INTECH.

    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:elg:eechap:3089_6. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Darrel McCalla (email available below). General contact details of provider: http://www.e-elgar.com .

    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.