Factors influencing venture capitalists' project financing decisions in South Africa

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dc.contributor.authorVan Deventer, B.en_ZA
dc.contributor.authorMlambo, C.en_ZA
dc.date.accessioned2011-05-15T16:05:28Z
dc.date.available2011-05-15T16:05:28Z
dc.date.issued2009
dc.descriptionCITATION: Van Deventer, B. & Mlambo, C. 2009. Factors influencing venture capitalists' project financing decisions in South Africa. South African Journal of Business Management, 40(1):a533, doi:10.4102/sajbm.v40i1.533.
dc.descriptionThe original publication is available at https://sajbm.org
dc.description.abstractThis study explores and identifies the investment criteria used by South African venture capitalists in their venture screening and evaluation processes. Using a Likert scale type of questionnaire, South African venture capitalists (VCs) were asked to rate the investment criteria identified in similar studies abroad and to report any additional criteria of their own. By evaluating the mean ratings, it was found that South African VCs consider the entrepreneur's honesty and integrity; a good expected market acceptance; and a high internal rate of return (IRR), to be the three most important criteria. The South African VCs, just like their overseas counterparts, regard management considerations to be the most important criteria group in the evaluation of new investment projects. The results of this study are deemed useful to both venture capitalists in their decision-making process and to entrepreneurs in their venture capital applications to maximise their success rate.
dc.description.urihttps://sajbm.org/index.php/sajbm/article/view/533
dc.description.versionPublisher's version
dc.format.extent9 pages
dc.identifier.citationVan Deventer, B. & Mlambo, C. 2009. Factors influencing venture capitalists' project financing decisions in South Africa. South African Journal of Business Management, 40(1):a533, doi:10.4102/sajbm.v40i1.533.
dc.identifier.issn2078-5976 (online)
dc.identifier.issn2078-5585 (print)
dc.identifier.otherdoi:10.4102/sajbm.v40i1.533
dc.identifier.urihttp://hdl.handle.net/10019.1/13145
dc.language.isoen
dc.publisherAOSIS
dc.rights.holderAuthors retain copyright
dc.subjectVenture capital -- Financeen_ZA
dc.titleFactors influencing venture capitalists' project financing decisions in South Africaen_ZA
dc.typeArticle
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