Development Measures of Institutional Venture Capital in Transition Economies. The case of Macedonia
Financing is a very critical issue for the survival and development of small and medium sized enterprises. Due to inexperienced management, lack of specialization, lack of undifferentiated production program, lack of reference of successful story, unwillingness of entrepreneur to share the ownership etc., many researches confirm that financing represents a serious difficulty for small and medium sizes enterprises. So, venture capital (VC) represents a very interesting solution for the new and existing small and medium sized enterprises which have interesting and attractive ideas and projects, but are short of finances. The specific importance that lies on venture capital and its impact on small and medium sized enterprises is the fact that they provide much more than money for them. Beside the money they offer advices, experiences and contacts, which can increase the success possibilities of small and medium sized enterprises. This paper offers proposed measures, which should be taken in consideration for the development of venture capital in Macedonia. It also offer some analyses of the current situation in Republic of Macedonia related to the development of venture capital, i.e., current situation, initiatives, legal framework, investment barriers and so on.
Volume (Year): 2 (2012)
Issue (Month): 4 (October)
|Contact details of provider:|| Web page: http://hrmars.com/index.php/pages/detail/Accounting-Finance-Journal|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Judit Karsai, 2013. "Venture capital and private equity industry in Hungary," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 63(1), pages 23-42, March.
- Kenney, Martin, 2000. "Note on "Venture Capital"," UCAIS Berkeley Roundtable on the International Economy, Working Paper Series qt44z1z1mc, UCAIS Berkeley Roundtable on the International Economy, UC Berkeley.
- Judit Karsai, 2009. ""The End of the Golden Age" - The Developments of the Venture Capital and Private Equity Industry in Central and Eastern Europe," IEHAS Discussion Papers 0901, Institute of Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences.
- Ibanez, Fernan, 1989. "Venture capital and entrepreneurial development," Policy Research Working Paper Series 53, The World Bank.
When requesting a correction, please mention this item's handle: RePEc:hur:ijaraf:v:2:y:2012:i:4:p:387-398. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Hassan Danial Aslam)
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 references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.