Venture Funds in the Integration Process
In: Problems of economic transition, Band 56, Heft 6, S. 40-44
ISSN: 1557-931X
963 Ergebnisse
Sortierung:
In: Problems of economic transition, Band 56, Heft 6, S. 40-44
ISSN: 1557-931X
In: Mirovaja ėkonomika i meždunarodnye otnošenija: MĖMO, Heft 6, S. 80-86
In: Business ethics: the magazine of corporate responsibility, Band 16, Heft 1, S. 6-7
ISSN: 2155-2398
SSRN
In: Jane's defence weekly: JDW, Band 40, Heft 6, S. 18-20
ISSN: 0265-3818
In: Journal of King Abdulaziz University: Islamic Economics, Band 30, Heft 1
SSRN
The article describes the factors that limit the development of the venture capital business in Ukraine, the analysis of the legal framework and sets out the legal basis for the creation of venture capital funds innovative development as a new financial instrument that will attract investment flows in priority sectors of the economy. ; Рассмотрены факторы, которые ограничивают развитие венчурного бизнеса в Украине, проведен анализ законодательной базы и определены правовые основы создания венчурных фондов инновационного развития в качестве нового финансового инструмента, который обеспечит привлечение инвестиционных потоков в приоритетные секторы экономики. ; Розглянуто фактори, що обмежують розвиток венчурного бізнесу в Україні, проведено аналіз законодавчої бази та визначено правові засади створення венчурних фондів інноваційного розвитку як нового фінансового інструменту, який забезпечив би спрямування інвестиційних потоків в інноваційні сектори економіки.
BASE
The article describes the factors that limit the development of the venture capital business in Ukraine, the analysis of the legal framework and sets out the legal basis for the creation of venture capital funds innovative development as a new financial instrument that will attract investment flows in priority sectors of the economy. ; Рассмотрены факторы, которые ограничивают развитие венчурного бизнеса в Украине, проведен анализ законодательной базы и определены правовые основы создания венчурных фондов инновационного развития в качестве нового финансового инструмента, который обеспечит привлечение инвестиционных потоков в приоритетные секторы экономики. ; Розглянуто фактори, що обмежують розвиток венчурного бізнесу в Україні, проведено аналіз законодавчої бази та визначено правові засади створення венчурних фондів інноваційного розвитку як нового фінансового інструменту, який забезпечив би спрямування інвестиційних потоків в інноваційні сектори економіки.
BASE
SSRN
The article presents the development of venture capital investment in the Republic of Kazakhstan within the context of analyzing foreign experience in the implementation and application of the methods, models, vehicles and schemes of venture capital investment in knowledge-intensive high-tech innovative enterprises. Kazakhstan is primarily interested in the experience of Western Europe and the USA, since the venture capital industry of these countries is the most developed as compared with venture investing investment in other countries. The goal of this article is to focus on studying of the theoretical and methodological foundations of venture capital investment, as well as on developing practical guidance on improving the development of venture capital operations in the Republic of Kazakhstan. Trying to achieve the above goal the following results have also been achieved: uncovering of the goal, essence and peculiarities of venture capital investment, as well as its role in the development of innovative projects; identification of current trends, patterns and contradictions in the development of the venture capital investment process; consolidation of the best practice in organizing venture capital investment in the Republic of Kazakhstan and abroad. The article offers practical guidance for enhancing the efficiency of venture capital investment in the Republic of Kazakhstan. First of all, it has been concluded that nowadays the country is in an urgent need for the formation of a new investment model providing for the creation of venture funds investing in business-plans and pilot teams. ; peer-reviewed
BASE
In the year 1996, the government for the first time gave an organisational shape to the needs of the unlisted companies and Greenfield projects in India and the Venture Capital Industry was formalised. Prior to 1996 also World Bank aimed at helping small, innovative firms to obtain innovative resources by building the regulatory and institutional framework for venture capital in India. World Bank, in fact, started venture capital initiative too by providing assistance to Industrial Credit and Investment Corporation of India Ltd. (ICICI), Canara Bank, the State Industrial Development Corporation (SIDC) of Andhra Pradesh (APIDC) and Gujarat (GIIC) for opening up venture funds. Although this initiative by the World Bank was able to give the Indian innovative firms some form of assistance, the criterion to get venture funds as laid down was too restrictive and the regulatory aspect was also too clumsy. It was only after the release of Securities and Exchange Board of India (Venture Capital) Regulation, 1996 and Securities and Exchange Board of India (Foreign Venture Capital) Regulation, 2000 that the venture capital industry took a formal shape in India. It has been twenty years since the formalisation of the venture capital industry here. Unlike the middle nineties and even the early twenties, when foreign investors were too reluctant to invest in Indian projects, today the Indian ventures are not in dearth of foreign funds. In fact, this study finds that, from the later part of the last decade foreign investors have been playing pivotal role in providing financial assistance to Indian unlisted companies. Results from this study also find significance difference in the investment behaviour of foreign and domestic venture funds across the sectors over the study period. It has also been observed by the researcher that in the last nine years, investments from the foreign venture funds have experienced quintessential growth in the country and has even surpassed the domestic funds by a huge margin.
BASE
In: European research studies, Band XX, Heft 2B, S. 334-347
ISSN: 1108-2976
SSRN
Working paper
In the article the feature of functioning of venture funds is examined as financial mediators at the market of financial services existence of which will be instrumental in activation of investment processes in a country.Research of this contract of financial institute needs the special attention how is comparatively new and by the studied not enough subject of market of financial services. As a result opening of advantages of functioning of venture fund as an investment mediator at the market of financial services.A conclusion is done also, that in order that the functional task of the venture investing (an assistance growth of concrete business or realization of innovative project is by the grant of certain amount of monies) was fully realized it is necessary to accept decision measures, above all things, from the side of the state. For the first sure shove in venture market development it is necessary to work out two fundamental problems: at first, the state must on legal principles protect rights for a venture investor in Ukraine; secondly, instrumental in the capability of fund market, in fact on such conditions a strategic investor independently will search a venture fund for allocation of capital. Consequently, it is necessary to provide transparency and effectiveness of legislative and tax spheres of adjusting the state in order that a venture capital really began to work as an investment instrument. ; Розглядається особливість функціонування венчурних фондів як фінансових посередників на ринку фінансових послуг, існування яких сприятиме активізації інвестиційних процесів в країні. Дослідження даного контрактного фінансового інституту потребує особливої уваги так, як є порівняно новим та недостатньо вивченим суб'єктом ринку фінансових послуг. В результаті розкритті переваги функціонування венчурного фонду як інвестиційного посередника на ринку фінансових послуг. Зроблений висновок, що для того, щоб функціональне завдання венчурного інвестування (сприяння росту конкретного бізнесу або реалізація інноваційного проекту шляхом надання певної суми коштів) повністю реалізовувалось необхідно вжити вирішальних заходів, в першу чергу, з боку держави. Для першого впевненого поштовху в розвитку венчурного ринку необхідно вирішити дві фундаментальні проблеми: по-перше, держава повинна на правових засадах захистити права венчурного інвестора в Україні; по-друге, сприяти дієздатності фондового ринку, адже за таких умов стратегічний інвестор самостійно шукатиме венчурний фонд для розміщення капіталу. Отже, державі необхідно забезпечити прозорість і дієвість законодавчих і податкових сфер регулювання для того, щоб венчурний капітал реально запрацював як інвестиційний інструмент.
BASE
SSRN