IDEAS home Printed from https://ideas.repec.org/a/taf/veecee/v6y2004i4p333-350.html
   My bibliography  Save this article

Venture capital in a transition economy: The case of Vietnam

Author

Listed:
  • William Scheela
  • Nguyen Van Dinh

Abstract

This paper presents exploratory case studies of five venture capital firms operating in the emerging and transition economy of Vietnam. Institutional theory is used as the theoretical framework to analyse the development of the venture capital industry in Vietnam. The authors explore the relationship between the lack of fully-developed institutions in Vietnam and the challenges facing venture capitalists in a transition economy. Similarities and differences between US and Vietnamese-based venture capitalist are also identified. Unlike US venture capitalists, it was found that venture capitalists operating in Vietnam must closely monitor their portfolio companies because of undeveloped institutions. The importance of networking with government officials was found to be a significant and unique value-added activity for venture capitalists operating in Vietnam. Differences between venture capitalists operating in transition and developed economies are clearly identified.

Suggested Citation

  • William Scheela & Nguyen Van Dinh, 2004. "Venture capital in a transition economy: The case of Vietnam," Venture Capital, Taylor & Francis Journals, vol. 6(4), pages 333-350, October.
    • Handle: RePEc:taf:veecee:v:6:y:2004:i:4:p:333-350
    DOI: 10.1080/1369106042000258508
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/1369106042000258508
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/1369106042000258508?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Motavaseli Mahmood & Shojaei Saeed & Bitaab Ali & Hasti Chitsazan & Ghanbar Mohammadi Elyasi, 2018. "Institutional Barriers to Financing Technology-based Small Firms through Venture Capital Mechanism: A Study to Explore the Incentives for Investment in Iran," International Journal of Economics and Financial Issues, Econjournals, vol. 8(1), pages 184-195.
    2. Shouchao He, 2011. "The Influential Factors on Internationalization of the SMEs in China: on Wenzhou¡¯s Shoe Industry and Policy Implications," Research in World Economy, Research in World Economy, Sciedu Press, vol. 2(1), pages 48-57, April.
    3. Dang Duc Son & Neil Marriott & Pru Marriott, 2006. "Users' perceptions and uses of financial reports of small and medium companies (SMCs) in transitional economies: Qualitative evidence from Vietnam," Qualitative Research in Accounting & Management, Emerald Group Publishing, vol. 3(3), pages 218-235, September.
    4. William Scheela & Edmundo Isidro & Thawatchai Jittrapanun & Nguyen Trang, 2015. "Formal and informal venture capital investing in emerging economies in Southeast Asia," Asia Pacific Journal of Management, Springer, vol. 32(3), pages 597-617, September.
    5. Kamran Ahmed Siddiqui & Mohammad Emad Al-Shaikh & Ishtiaq Ahmed Bajwa & Omar Alenzi, 2021. "Venture capital challenges in Saudi Arabia," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(3), pages 291-302, March.
    6. Yasuhiro Yamakawa & Mike W. Peng & David L. Deeds, 2008. "What Drives New Ventures to Internationalize from Emerging to Developed Economies?," Entrepreneurship Theory and Practice, , vol. 32(1), pages 59-82, January.
    7. Jiani Wang & Su Chen & William Scheela, 2023. "Foreign venture capital investing strategies in transition economies: The case of China," Asia Pacific Journal of Management, Springer, vol. 40(4), pages 1481-1524, December.
    8. Richard Harrison & William Scheela & P. C. Lai & Sivapalan Vivekarajah, 2018. "Beyond institutional voids and the middle-income trap: The emerging business angel market in Malaysia," Asia Pacific Journal of Management, Springer, vol. 35(4), pages 965-991, December.
    9. Chau Le & Bach Nguyen & Vinh Vo, 2024. "Do intangible assets help SMEs in underdeveloped markets gain access to external finance?—the case of Vietnam," Small Business Economics, Springer, vol. 62(2), pages 833-855, February.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:veecee:v:6:y:2004:i:4:p:333-350. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/TVEC20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.