Comparative analysis of venture capitalists investment criteria: a case from China and Pakistan / Shakeel Muhammad ... [et al.]
This paper evaluates a method, intended by formal investors (venture capitalists) while making sound investment decisions and selecting those successful entrepreneurs in the emerging economies by identifying their basic investment criteria. The purpose is extended to compare the criteria used by ven...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Accounting Research Institute and UiTM Press, Universiti Teknologi MARA
2017
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| Subjects: | |
| Online Access: | https://ir.uitm.edu.my/id/eprint/29887/ |
| _version_ | 1848807355345534976 |
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| author | Muhammad, Shakeel Li, Yaokuang Wu, Juan Ali, Gohar |
| author_facet | Muhammad, Shakeel Li, Yaokuang Wu, Juan Ali, Gohar |
| author_sort | Muhammad, Shakeel |
| building | UiTM Institutional Repository |
| collection | Online Access |
| description | This paper evaluates a method, intended by formal investors (venture capitalists) while making sound investment decisions and selecting those successful entrepreneurs in the emerging economies by identifying their basic investment criteria. The purpose is extended to compare the criteria used by venture capitalists of both countries along with the related risk profile faced by them. The online questionnaires were sent to the venture capitalists of both countries (selected from the official entities) which are followed up by the interview (face to face and electronic). It is found that venture capitalists of both countries act almost same while evaluating the individual criteria (entrepreneur’s personality and experience) and corporate criteria (Product and Market characteristics). In terms of institutional or environmental criteria, Pakistani VCs are more demanding then Chinese VCs due to the lack of support from the financial and legal institutions. Further, Pakistani VCs attracted by the environmental level risk like country and geographical risk whereas Chinese VCs concentrates on the socio-culture and trade risk. While the VCs of both countries react in the same way to the venture and team level risk. Investment is a multi-stage process. The researchers are encouraged to enhance the investment criteria along with the stages of investment (deal-origination, deal-structuring and due-diligence). |
| first_indexed | 2025-11-14T22:41:30Z |
| format | Article |
| id | uitm-29887 |
| institution | Universiti Teknologi MARA |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T22:41:30Z |
| publishDate | 2017 |
| publisher | Accounting Research Institute and UiTM Press, Universiti Teknologi MARA |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | uitm-298872020-04-09T15:09:46Z https://ir.uitm.edu.my/id/eprint/29887/ Comparative analysis of venture capitalists investment criteria: a case from China and Pakistan / Shakeel Muhammad ... [et al.] apmaj Muhammad, Shakeel Li, Yaokuang Wu, Juan Ali, Gohar Theory and method of social science statistics Capital. Capitalism This paper evaluates a method, intended by formal investors (venture capitalists) while making sound investment decisions and selecting those successful entrepreneurs in the emerging economies by identifying their basic investment criteria. The purpose is extended to compare the criteria used by venture capitalists of both countries along with the related risk profile faced by them. The online questionnaires were sent to the venture capitalists of both countries (selected from the official entities) which are followed up by the interview (face to face and electronic). It is found that venture capitalists of both countries act almost same while evaluating the individual criteria (entrepreneur’s personality and experience) and corporate criteria (Product and Market characteristics). In terms of institutional or environmental criteria, Pakistani VCs are more demanding then Chinese VCs due to the lack of support from the financial and legal institutions. Further, Pakistani VCs attracted by the environmental level risk like country and geographical risk whereas Chinese VCs concentrates on the socio-culture and trade risk. While the VCs of both countries react in the same way to the venture and team level risk. Investment is a multi-stage process. The researchers are encouraged to enhance the investment criteria along with the stages of investment (deal-origination, deal-structuring and due-diligence). Accounting Research Institute and UiTM Press, Universiti Teknologi MARA 2017-12 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/29887/1/29887.pdf Muhammad, Shakeel and Li, Yaokuang and Wu, Juan and Ali, Gohar (2017) Comparative analysis of venture capitalists investment criteria: a case from China and Pakistan / Shakeel Muhammad ... [et al.]. (2017) Asia-Pacific Management Accounting Journal (APMAJ) <https://ir.uitm.edu.my/view/publication/Asia-Pacific_Management_Accounting_Journal_=28APMAJ=29.html>, 12 (2). pp. 201-234. ISSN 2550-1631 |
| spellingShingle | Theory and method of social science statistics Capital. Capitalism Muhammad, Shakeel Li, Yaokuang Wu, Juan Ali, Gohar Comparative analysis of venture capitalists investment criteria: a case from China and Pakistan / Shakeel Muhammad ... [et al.] |
| title | Comparative analysis of venture capitalists investment criteria: a case from China and Pakistan / Shakeel Muhammad ... [et al.] |
| title_full | Comparative analysis of venture capitalists investment criteria: a case from China and Pakistan / Shakeel Muhammad ... [et al.] |
| title_fullStr | Comparative analysis of venture capitalists investment criteria: a case from China and Pakistan / Shakeel Muhammad ... [et al.] |
| title_full_unstemmed | Comparative analysis of venture capitalists investment criteria: a case from China and Pakistan / Shakeel Muhammad ... [et al.] |
| title_short | Comparative analysis of venture capitalists investment criteria: a case from China and Pakistan / Shakeel Muhammad ... [et al.] |
| title_sort | comparative analysis of venture capitalists investment criteria: a case from china and pakistan / shakeel muhammad ... [et al.] |
| topic | Theory and method of social science statistics Capital. Capitalism |
| url | https://ir.uitm.edu.my/id/eprint/29887/ |