Entrepreneurial Finance in Emerging Markets

This book presents a wide range of tools and techniques used in entrepreneurial finance in emerging markets. Among them, venture capital is perhaps the best known, understood, and researched mode of entrepreneurial finance. However, a significant focus of the book is dedicated to other modes of entrepreneurial finance such as 'bootstrapping,' angel financing, bank financing, and other alternative means of financing, which could include government assistance programs, business incubation, technology parks, or family financing. In addition, the book highlights how new and innovative financial technologies (comprised of software, business processes, and other modern technologies), known under the term of FinTech, may support, enable, and enhance the provision of different modes of entrepreneurial finance in emerging markets. The book also discusses entrepreneurial finance in emerging markets in the context of women entrepreneurs. A comprehensive analysis of entrepreneurial finance in emerging market countries, this book will appeal to academics, researchers, and students of entrepreneurial finance, venture capital and private equity, entrepreneurship, and international business.

Auteur

Darek Klonowski is Professor of Business Administration at Brandon University, Canada. Prior to joining academia, he worked in the venture capital and private equity industry. He has published four books with Palgrave Macmillan: The Venture Capital Investment Process (2010), Private Equity in Poland (2011), Private Equity in Emerging Markets (2012), and The Venture Capital Deformation (2018).

Contenu
Part I. Institutional and Economic Development in Emerging Markets.- 1. Emerging Markets and their Role in a Global Economy.- 2. Promise and Peril in the Age of Turbulence in Emerging Markets: Implications for Private Equity Investors.- 3. Economic Growth, Institutions, and Corruption in Emerging Economies.- Part II. Institutional Development and Entrepreneurship in Emerging Markets.- 4. China's Institutional Environment for Entrepreneurship.- 5. China, an Emergent Innovator? A Competence Misplaced, Capability Regained.- 6. How the "Triple Helix" Can Influence the General Climate for Entrepreneurs in Brazil.- 7. Entrepreneurial Family Businesses in Poland: From an Emerging to a Developed Market;.- Chapter 8. Access to Capital: Women Entrepreneurs in Emerging Markets;.- 9. How Entrepreneurial Finance is Transformed into Political Power: The Importance of "Friends with Benefits".- Part III. Entrepreneurial Finance in the BRIC Countries.- 10. An Overview of the Private Equity and Venture Capital Industry in Brazil.- 11. Financing Architecture and Current Trends in the Development of Russian Small and Medium Enterprises.- 12. The Evolution of Private Equity in India.- 13. Finding New Frontiers: The Challenges of Early-stage Indian Entrepreneurs in Accessing Finance in an Evolving Startup Ecosystem.- 14. Profiles of Chinese Business Angels.- 15. The Development of Venture Capital in China.- Part IV. Entrepreneurial Finance in Selected Regions and Countries in Emerging Markets.- 16. Propped Up by the Government: The Recent Evolution of the Early-stage Equity Finance Market in Hungary.- 17. Private Equity in Central and Eastern Europe: The Early Years.- 18. Do Bank-firm Relationships Affect the Phenomenon of Zero-leverage SMEs?.- 19. MENA FinTech: Exponential Growth from a Low Base.- 20. Exploring Open Banking and Banking-as-a-platform: Opportunities and Risks for Emerging Markets.- 21. FinTech Revolution in the Gulf Countries and MENA Region.- 22. Entrepreneurship and Entrepreneurial Finance in Ghana.- 23. Government, Bank, and Private Capital Financing of Entrepreneurial Firms in Nigeria.- Part V. Conclusions.- 24. Entrepreneurial Finance in Emerging Markets: Conclusions.