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Technology Based Firm's Financing: An Operational Model For Malaysia

Ajagbe, Akintunde M. and Ismail, Kamariah and Senin, Aslan Amat and Rashid, Wirya Najm (2012) Technology Based Firm's Financing: An Operational Model For Malaysia. South East Asian Journal of Contemporary Business, Economics and Law, 1. ISSN 2289-1560

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Venture capital (VC) as a method of funding technology based firms (TBFs) is a concept which emerged from the United States of America since over 30 years and has spread tremendously across the world. This concept has gained considerable awareness in Malaysia since the early 1990’s when goverment established the first venture capital company to promote and accelerate the development of the venture capital concept and also encourage the commercialization of technology based products through the management of the technology transfer funds. Due to the difficulty technology based firms owners go through in the process of growing their innovations particularly during the initial phase of growth of their businesses their is need to encourage financial managers to take up equity stakes and help nurture technology based firms to maturity. As a result of the perception in some quarters that their is a dearth of investments in the Malaysian VC industry which they opined has contributed to the slow pace of growth recorded in the industry despite huge government financial support. This study adopts a grounded theory approach (within-method triangulation) to collect data from 34 respondents in the industry. The model proposed in this study will benefit stakeholders to evaluate technology based firms.

Item Type: Article
Uncontrolled Keywords: Technology Based Firms, Venture Capital, Investment Decision, Model, Malaysia
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Faculty of Law, Arts and Social Sciences > School of Management
Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Mrs Patricia Nwokealisi
Date Deposited: 14 Apr 2015 15:13
Last Modified: 14 Apr 2015 15:13

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