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dc.contributor.authorMadondo, Francis
dc.date.accessioned2017-03-30T07:02:46Z
dc.date.available2017-03-30T07:02:46Z
dc.date.issued2017-03
dc.identifier.citationMadondo, F. (2014). Role of venture capital as a source of finance for Small and Medium Enterprises in Zimbabwe (Unpublished Masters thesis). University of Zimbabwe.en_US
dc.identifier.urihttp://hdl.handle.net/10646/3035
dc.description.abstractVenture capital is an important source of finance for small businesses although it is least understood. The VC financing market in Zimbabwe is inactive and mainly targets large companies instead of small to medium enterprises. The study sought to evaluate the role of venture capital as a source of finance for small to medium enterprises (SMEs) in Zimbabwe. The objectives of the study were to review the types of venture capital financing in Zimbabwe, identify the factors that drive the venture capital financing and impact of venture capital on small business development. The study adopted a quantitative methodology in order to investigate the subject. Questionnaires were administered on respondents. The respondents were from the Zimbabwe Investment Authority, Ministry of Small to Medium Enterprises, Reserve Bank of Zimbabwe, Small Enterprises Development Corporation and financial Institutions. An overall response rate of 89.66% was achieved. The study established that government was the main financier of venture capital financing in Zimbabwe. Further, stable economic environment, investor protection and corporate governance and well developed capital markets were found to be main determinants of venture capital financing. The study also established that the role of venture capital financing played an important role in the areas of employment creation, investment, export growth as well as innovation and creativity. Overall venture capital financing is an alternative financing option for SMEs. However, the development of venture capital market is being constrained by the economic environment, lack of a vibrant capital market, no regulatory framework regards corporate governance and investor protection. The study recommends that development of entrepreneurship by having an active venture capital market, stable macroeconomic environment and regulatory framework that protect investors.en_US
dc.language.isoen_ZWen_US
dc.subjectVenture capitalen_US
dc.subjectSmall businessesen_US
dc.subjectSmall to Medium Enterprisesen_US
dc.subjectFinanceen_US
dc.subjectVenture capital financingen_US
dc.subjectMacroeconomic environmenten_US
dc.titleRole of venture capital as a source of finance for Small and Medium Enterprises in Zimbabween_US
dc.contributor.registrationnumberR9916403en_US
thesis.degree.advisorChidakwa, Arnold Mandizvidza
thesis.degree.countryZimbabween_US
thesis.degree.disciplineGraduate School of Managementen_US
thesis.degree.facultyFaculty of Commerceen_US
thesis.degree.grantorUniversity of Zimbabween_US
thesis.degree.grantoremailspecialcol@uzlib.uz.ac.zw
thesis.degree.levelMScen_US
thesis.degree.nameMaster of Business Administrationen_US
thesis.degree.thesistypeThesisen_US
dc.date.defense2014-10


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