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The nexus between entrepreneurship theory and venture capital financing decisions in South Africa

Thesis (M.M. (Entrepreneurship and New Venture Creation))--University of the Witwatersrand, Faculty of Commerce, Law and Management, Wits Business School, 2017. / This explorative study examines the decision making criteria at the screening stage by venture
capital firms in South Africa. The study also probes into the decision making criteria on the
personality side and whether that has any association with the “big five” characteristics. A threesection
questionnaire including both Likert style type (decision making and short version of big
five) and nominal questions was sent to venture capital firms. Logistic regression as well as
correlation analysis was run on the data. The findings were that individual attributes
(entrepreneurs’ characteristics and experience) environment, industry and macro economic
environment (characteristics of product and services, characteristics of the market and financial
considerations) are all positively related to venture capital firms’ decision to grant finance to an
entrepreneur.
Findings on the big five characteristics are that only openness to experience, consientiousness
and extrarversion were seen as critical considerations by venture capital firms, but not
agreeableness and emotional stability characteristics. The study findings are beneficial for
entrepreneurs and venture capital firms. / MT2017

Identiferoai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:wits/oai:wiredspace.wits.ac.za:10539/23214
Date January 2017
CreatorsBuluma, Violet S'phiwe
Source SetsSouth African National ETD Portal
LanguageEnglish
Detected LanguageEnglish
TypeThesis
FormatOnline resource (124 leaves), application/pdf

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