IDEAS home Printed from https://ideas.repec.org/a/ids/ijesbu/v43y2021i2p165-179.html
   My bibliography  Save this article

Application of fuzzy analytic hierarchy process in multi-criteria decision-making of venture capitalists

Author

Listed:
  • Monika Dhochak
  • Prince Doliya

Abstract

This study aims to determine the factors of the venture capital investment process that may influence the multi-criteria investment process of venture capitalists in an emerging market like India. Firstly, we used the exploratory factor analysis to identify and analyse the consistency of several factors that may facilitate the adoption of multi-criteria decision-making (MCDM) techniques in an Indian venture capital industry. Secondly, fuzzy analytical hierarchal process (FAHP), a most suited technique for MCDM to handle the fuzziness, vagueness and multi-dimensionality, was adopted to assign the weights and prioritise the pre-defined criteria and sub-criteria. These findings indicate that venture capitalists' investment decision does not emphasise solely on entrepreneurial activities, product and market; however, economic and regulatory environment also plays a significant role in the venture capitalists' investment decision-making process. These results may help entrepreneurs to recognise their strengths in respective criteria before approaching a right venture.

Suggested Citation

  • Monika Dhochak & Prince Doliya, 2021. "Application of fuzzy analytic hierarchy process in multi-criteria decision-making of venture capitalists," International Journal of Entrepreneurship and Small Business, Inderscience Enterprises Ltd, vol. 43(2), pages 165-179.
    • Handle: RePEc:ids:ijesbu:v:43:y:2021:i:2:p:165-179
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=115356
    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.

    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:ijesbu:v:43:y:2021:i:2:p:165-179. 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=74 .

    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.