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dc.contributor.authorLingelbach, David C
dc.contributor.authorMurray, Gordon
dc.contributor.authorGilbert, Evan
dc.date.accessioned2017-06-19T17:35:31Z
dc.date.available2017-06-19T17:35:31Z
dc.date.issued2009
dc.description.abstractAn exploratory longitudinal case study of the South African venture capital (VC) industry is used to evaluate two perspectives on the VC emergence process. The first views VC emergence as the resolution of the simultaneity problem. We propose a second perspective, which sees emergence as the product of a teleological process involving coproduction between private sector fund managers and public sector investors. We develop process data from four sources: Semi-structured interviews with current and past VC practitioners in South Africa, archival research at fund managers and newspapers, direct observation, and a review of relevant research. Our analysis shows the centrality of coproduction to the industry’s emergence. These results suggest an alternative to the simultaneity model for explaining VC industry emergence in weak institutional environments.en_US
dc.description.urihttps://ssrn.com/abstract=1459175en_US
dc.format.extent40 pagesen_US
dc.genrejournal articlesen_US
dc.identifierdoi:10.13016/M2WK3Q
dc.identifier.citationLingelbach, David C. and Murray, Gordon C. and Gilbert, Evan, The Rise and Fall of South African Venture Capital: A Coproduction Perspective (June 2, 2009).en_US
dc.identifier.uri10.2139/ssrn.1459175
dc.identifier.urihttp://hdl.handle.net/11603/4115
dc.language.isoen_USen_US
dc.relation.isAvailableAtUniversity of Baltimore
dc.subjectVenture capitalen_US
dc.subjectemergenceen_US
dc.subjectcoproductionen_US
dc.subjectSouth Africaen_US
dc.titleThe Rise and Fall of South African Venture Capital: A Coproduction Perspectiveen_US
dc.typeTexten_US


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