IDEAS home Printed from https://ideas.repec.org/a/taf/veecee/v8y2005i3p203-226.html
   My bibliography  Save this article

Models of Taiwanese venture capital activity and paths for the future

Author

Listed:
  • Joseph H. Badino
  • Chiu-Chiang Hu
  • Chih-Young Hung

Abstract

The Taiwanese venture capital industry provides an intriguing study. The primary objective of this paper is to present a general overview of the industry that captures the realities of Taiwanese venture capitalists' everyday business activities while explaining issues and trends through historical analysis and discussions of future possibilities. Utilizing statistical information, previous research, and extensive interviews with the island's venture capitalists, we discuss the emergence of the four current models of venture capital activity in Taiwan— financial subsidiary, industrial subsidiary, independent and associate companies. This leads to an introduction of the four paths most commonly cited by Taiwanese VCs as roads to future growth: new industries, new markets, the bridge proposition and the real VC . Each of these paths provides a springboard for tackling deeper issues the industry has wrestled with and will continue to wrestle with, including: its relationship with the island's core industries, its ability to successfully operate in foreign markets, the value of potential cross-Pacific synergies, and the value proposition for the variety of business services Taiwanese VCs provide. We conclude with a discussion on the fate of the island's innovation system, specifically the potential for Taiwan to strengthen its new-product innovation capacity and the future of professionalism in the Taiwanese VC industry.

Suggested Citation

  • Joseph H. Badino & Chiu-Chiang Hu & Chih-Young Hung, 2005. "Models of Taiwanese venture capital activity and paths for the future," Venture Capital, Taylor & Francis Journals, vol. 8(3), pages 203-226, October.
    • Handle: RePEc:taf:veecee:v:8:y:2005:i:3:p:203-226
    DOI: 10.1080/13691060500433678
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/13691060500433678
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/13691060500433678?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.

    References listed on IDEAS

    as
    1. Richard L. Daft & Arie Y. Lewin, 1990. "Can Organization Studies Begin to Break Out of the Normal Science Straitjacket? An Editorial Essay," Organization Science, INFORMS, vol. 1(1), pages 1-9, February.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Michelle Harbour & Jacques-Bernard Gauthier, 2020. "Complex polysemy and reflexivity in organizational research," Working Papers hal-01543416, HAL.
    2. Hedström, Peter & Wennberg, Karl, 2016. "Causal Mechanisms in Organization and Innovation Studies," Ratio Working Papers 284, The Ratio Institute.
    3. Martínez, Zaida L. & Toyne, Brian, 2000. "What is international management, and what is its domain?," Journal of International Management, Elsevier, vol. 6(1), pages 11-28.
    4. Kevin J. Dooley & Andrew H. Van de Ven, 1999. "Explaining Complex Organizational Dynamics," Organization Science, INFORMS, vol. 10(3), pages 358-372, June.
    5. Day, Diana L. & Lewin, Arie Y. & Li, Hongyu, 1995. "Strategic leaders or strategic groups: A longitudinal data envelopment analysis of the U.S. brewing industry," European Journal of Operational Research, Elsevier, vol. 80(3), pages 619-638, February.
    6. Candida G. Brush & Tatiana S. Manolova & Linda F. Edelman, 2008. "Separated by a Common Language? Entrepreneurship Research across the Atlantic," Entrepreneurship Theory and Practice, , vol. 32(2), pages 249-266, March.
    7. Garry D. Bruton & Vance H. Fried & Robert D. Hisrich, 2000. "CEO Dismissal in Venture Capital-Backed Firms: Further Evidence from an Agency Perspective," Entrepreneurship Theory and Practice, , vol. 24(4), pages 69-77, July.
    8. David Ahlstrom & Garry D. Bruton, 2006. "Venture Capital in Emerging Economies: Networks and Institutional Change," Entrepreneurship Theory and Practice, , vol. 30(2), pages 299-320, March.
    9. Chen, Victor Zitian & Cantwell, John, 2019. "Resistant roots of institutional diversity across societies: An evolutionary framework," SocArXiv 3gaqj, Center for Open Science.
    10. Claudia Bird Schoonhoven & Alan D. Meyer & James P. Walsh, 2005. "Moving Beyond the Frontiers of Organization Science," Organization Science, INFORMS, vol. 16(5), pages 453-455, October.
    11. Fabrice L. Cavarretta & Sean T Hannah & Ronald F Piccolo & Mary Uhl-Bien, 2015. "Leadership beyond the Tipping Point: toward the Discovery of Inversions and Complementary Hypotheses," Working Papers hal-01214027, HAL.
    12. Gopesh Anand & Eric C. Larson & Joseph T. Mahoney, 2020. "Thomas Kuhn on Paradigms," Production and Operations Management, Production and Operations Management Society, vol. 29(7), pages 1650-1657, July.
    13. Perfetto, Maria Concetta & Vargas-Sánchez, Alfonso & Presenza, Angelo, 2016. "Managing A Complex Adaptive Ecosystem: Towards A Smart Management Of Industrial Heritage Tourism," Journal of Tourism, Sustainability and Well-being, Cinturs - Research Centre for Tourism, Sustainability and Well-being, University of Algarve, vol. 4(3), pages 243-264.
    14. Bruton, Garry & Sutter, Christopher & Lenz, Anna-Katharina, 2021. "Economic inequality – Is entrepreneurship the cause or the solution? A review and research agenda for emerging economies," Journal of Business Venturing, Elsevier, vol. 36(3).
    15. Joern Redler & Holger J. Schmidt, 2022. "I know that I know nothing: exploring the managerial relevance of recent orientations in brand management research," Journal of Brand Management, Palgrave Macmillan, vol. 29(5), pages 498-511, September.
    16. Elisa Giuliani & Annamaria Tuan & José Calvimontes Cano, 2021. "Creating Shared Value Meets Human Rights: A Sense-Making Perspective in Small-Scale Firms," Journal of Business Ethics, Springer, vol. 173(3), pages 489-505, October.
    17. Liu, Qian & Gao, Jian & Li, Shijie, 2024. "The innovation model and upgrade path of digitalization driven tourism industry: Longitudinal case study of OCT," Technological Forecasting and Social Change, Elsevier, vol. 200(C).
    18. Bruton, Garry D. & Ahlstrom, David, 2003. "An institutional view of China's venture capital industry: Explaining the differences between China and the West," Journal of Business Venturing, Elsevier, vol. 18(2), pages 233-259, March.
    19. Monika BOGUSZEWICZ-KREFT & Jan KREFT, 2016. "Metaforyczny Opis Organizacji W Zarządzaniu I Marketingu Przedsiębiorstw Usługowych," Nowoczesne Systemy Zarządzania. Modern Management Systems, Military University of Technology, Faculty of Security, Logistics and Management, Institute of Organization and Management, issue 1, pages 27-36.
    20. Jennifer A. Chatman & Francis J. Flynn, 2005. "Full-Cycle Micro-Organizational Behavior Research," Organization Science, INFORMS, vol. 16(4), pages 434-447, August.

    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:8:y:2005:i:3:p:203-226. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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.