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Raising financial resources for small and medium enterprises: a multiple case study with Brazilian venture capital funds in the cities of Rio de Janeiro and São Paulo

Raising financial resources for small and medium enterprises: a multiple case study with... This paper addresses questions related to small and medium enterprises (SMEs). The intermediate objective is to conduct an exploratory study of the socioeconomic importance of SMEs and the difficulties SMEs face in raising funds. The literature review indicates that the main factors responsible for the slow growth or the failure of SMEs in Brazil and worldwide are the company owners' lack of management training, followed by a deficiency in an SME's ability to acquire and manage financial resources. Exploratory research was performed, followed by a multiple case study that includes interviews of six investors, three located in the city of Rio de Janeiro and three located in the city of São Paulo. The result of this study indicates that the most important criteria used by venture funds when deciding to invest in SMEs are the management, the quality of the team and the level of entrepreneurial skills. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Innovation and Sustainable Development Inderscience Publishers

Raising financial resources for small and medium enterprises: a multiple case study with Brazilian venture capital funds in the cities of Rio de Janeiro and São Paulo

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Publisher
Inderscience Publishers
Copyright
Copyright © Inderscience Enterprises Ltd. All rights reserved
ISSN
1740-8822
eISSN
1740-8830
DOI
10.1504/IJISD.2014.059223
Publisher site
See Article on Publisher Site

Abstract

This paper addresses questions related to small and medium enterprises (SMEs). The intermediate objective is to conduct an exploratory study of the socioeconomic importance of SMEs and the difficulties SMEs face in raising funds. The literature review indicates that the main factors responsible for the slow growth or the failure of SMEs in Brazil and worldwide are the company owners' lack of management training, followed by a deficiency in an SME's ability to acquire and manage financial resources. Exploratory research was performed, followed by a multiple case study that includes interviews of six investors, three located in the city of Rio de Janeiro and three located in the city of São Paulo. The result of this study indicates that the most important criteria used by venture funds when deciding to invest in SMEs are the management, the quality of the team and the level of entrepreneurial skills.

Journal

International Journal of Innovation and Sustainable DevelopmentInderscience Publishers

Published: Jan 1, 2014

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