NDLI: Formal and informal venture capital investing in emerging economies in Southeast Asia

Content Provider	Springer Nature Link
Author	Scheela, William Isidro, Edmundo Jittrapanun, Thawatchai Trang, Nguyen Thi Thu
Copyright Year	2015
Abstract	This paper assesses the development of formal and informal venture capital investing in the emerging Southeast Asian economies of Thailand, the Philippines, and Vietnam. We study the investment strategies of both venture capitalists (formal investors) and business angels (informal investors) who face significant challenges when investing in emerging economies lacking the legal and financial institutions needed to support effective private equity investing. To do so, we synthesize previous research and more closely analyze data from seven previously-published papers that reported separately on venture capital research in three emerging economies in Southeast Asia. We developed summary tables for this paper based on our analysis of the data in each of the seven papers. All seven studies used a mixed-methods research methodology based on face-to-face semi-structured interviews. Based on our synthesis of the papers, we propose an investment strategy for both venture capitalists and business angels who are investing in emerging economies. This investment strategy is based on significant networking, in-depth due diligence and hands-on post-investment monitoring. The research provides several contributions. First, emerging economies in Southeast Asia represent some of the fastest-growing markets globally and accordingly need to receive increasing attention with respect to venture investing and private equity. Second, this paper applies institutional theory and examines the investment strategies of formal and informal venture capital investors, including business angels in Southeast Asia. Finally, our proposed investment strategy could be helpful as a model for venture investing in emerging economies and to suggest research on this key topic.
Starting Page	597
Ending Page	617
Page Count	21
File Format	PDF
ISSN	02174561
Journal	Asia Pacific Journal of Management
Volume Number	32
Issue Number	3
e-ISSN	15729958
Language	English
Publisher	Springer US
Publisher Date	2015-07-07
Publisher Place	New York
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Venture capital Business angels Emerging economies Institutional theory Southeast Asia Management/Business for Professionals Business/Management Science
Content Type	Text
Resource Type	Article
Subject	Business and International Management Economics, Econometrics and Finance Strategy and Management

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

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