Comparative analysis of venture capitalists investment criteria: a case from China and Pakistan / Shakeel Muhammad ... [et al.]

This paper evaluates a method, intended by formal investors (venture capitalists) while making sound investment decisions and selecting those successful entrepreneurs in the emerging economies by identifying their basic investment criteria. The purpose is extended to compare the criteria used by ven...

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Main Authors: Muhammad, Shakeel, Li, Yaokuang, Wu, Juan, Ali, Gohar
Format: Article
Language:English
Published: Accounting Research Institute and UiTM Press, Universiti Teknologi MARA 2017
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Online Access:http://ir.uitm.edu.my/id/eprint/29887/1/29887.pdf
http://ir.uitm.edu.my/id/eprint/29887/
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spelling my.uitm.ir.298872020-04-09T15:09:46Z http://ir.uitm.edu.my/id/eprint/29887/ Comparative analysis of venture capitalists investment criteria: a case from China and Pakistan / Shakeel Muhammad ... [et al.] Muhammad, Shakeel Li, Yaokuang Wu, Juan Ali, Gohar Theory and method of social science statistics Capital. Capitalism This paper evaluates a method, intended by formal investors (venture capitalists) while making sound investment decisions and selecting those successful entrepreneurs in the emerging economies by identifying their basic investment criteria. The purpose is extended to compare the criteria used by venture capitalists of both countries along with the related risk profile faced by them. The online questionnaires were sent to the venture capitalists of both countries (selected from the official entities) which are followed up by the interview (face to face and electronic). It is found that venture capitalists of both countries act almost same while evaluating the individual criteria (entrepreneur’s personality and experience) and corporate criteria (Product and Market characteristics). In terms of institutional or environmental criteria, Pakistani VCs are more demanding then Chinese VCs due to the lack of support from the financial and legal institutions. Further, Pakistani VCs attracted by the environmental level risk like country and geographical risk whereas Chinese VCs concentrates on the socio-culture and trade risk. While the VCs of both countries react in the same way to the venture and team level risk. Investment is a multi-stage process. The researchers are encouraged to enhance the investment criteria along with the stages of investment (deal-origination, deal-structuring and due-diligence). Accounting Research Institute and UiTM Press, Universiti Teknologi MARA 2017-12 Article PeerReviewed text en http://ir.uitm.edu.my/id/eprint/29887/1/29887.pdf Muhammad, Shakeel and Li, Yaokuang and Wu, Juan and Ali, Gohar (2017) Comparative analysis of venture capitalists investment criteria: a case from China and Pakistan / Shakeel Muhammad ... [et al.]. Asia-Pacific Management Accounting Journal (APMAJ), 12 (2). pp. 201-234. ISSN 2550-1631
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic Theory and method of social science statistics
Capital. Capitalism
spellingShingle Theory and method of social science statistics
Capital. Capitalism
Muhammad, Shakeel
Li, Yaokuang
Wu, Juan
Ali, Gohar
Comparative analysis of venture capitalists investment criteria: a case from China and Pakistan / Shakeel Muhammad ... [et al.]
description This paper evaluates a method, intended by formal investors (venture capitalists) while making sound investment decisions and selecting those successful entrepreneurs in the emerging economies by identifying their basic investment criteria. The purpose is extended to compare the criteria used by venture capitalists of both countries along with the related risk profile faced by them. The online questionnaires were sent to the venture capitalists of both countries (selected from the official entities) which are followed up by the interview (face to face and electronic). It is found that venture capitalists of both countries act almost same while evaluating the individual criteria (entrepreneur’s personality and experience) and corporate criteria (Product and Market characteristics). In terms of institutional or environmental criteria, Pakistani VCs are more demanding then Chinese VCs due to the lack of support from the financial and legal institutions. Further, Pakistani VCs attracted by the environmental level risk like country and geographical risk whereas Chinese VCs concentrates on the socio-culture and trade risk. While the VCs of both countries react in the same way to the venture and team level risk. Investment is a multi-stage process. The researchers are encouraged to enhance the investment criteria along with the stages of investment (deal-origination, deal-structuring and due-diligence).
format Article
author Muhammad, Shakeel
Li, Yaokuang
Wu, Juan
Ali, Gohar
author_facet Muhammad, Shakeel
Li, Yaokuang
Wu, Juan
Ali, Gohar
author_sort Muhammad, Shakeel
title Comparative analysis of venture capitalists investment criteria: a case from China and Pakistan / Shakeel Muhammad ... [et al.]
title_short Comparative analysis of venture capitalists investment criteria: a case from China and Pakistan / Shakeel Muhammad ... [et al.]
title_full Comparative analysis of venture capitalists investment criteria: a case from China and Pakistan / Shakeel Muhammad ... [et al.]
title_fullStr Comparative analysis of venture capitalists investment criteria: a case from China and Pakistan / Shakeel Muhammad ... [et al.]
title_full_unstemmed Comparative analysis of venture capitalists investment criteria: a case from China and Pakistan / Shakeel Muhammad ... [et al.]
title_sort comparative analysis of venture capitalists investment criteria: a case from china and pakistan / shakeel muhammad ... [et al.]
publisher Accounting Research Institute and UiTM Press, Universiti Teknologi MARA
publishDate 2017
url http://ir.uitm.edu.my/id/eprint/29887/1/29887.pdf
http://ir.uitm.edu.my/id/eprint/29887/
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score 13.211869