Alternative Investment Vehicles Adapted for Entrepreneurial and Innovative Firms Financing in Emerging Markets

Gabriela Prelipcean and Mircea Boscoianu

A chapter in Investment Strategies - New Advances and Challenges from IntechOpen

Abstract: Alternative investment vehicles (AIVs) are an innovative organizational form of financing providers that provide opportunities for developed markets. The objective of this chapter is to deeply understand both the capabilities of different types of AIVs (crowdfunding, business angels, venture capital/private equity funds, and hedge funds) and the possibility of being efficiently integrated within the frontier or emerging markets, with a special focus on venture capital funds (VCFs). This topic is very important in the actual context of market turbulences and multiple crises. Following the medical COVID-19 crisis, institutional interferences have proved to be efficient in balancing the short-term situation. Nevertheless, long-term imbalances have manifested as such following the supply chain turmoil as a result of the increased inflation especially after the outbreak of the war in Ukraine. The present turbulent setting has become even more complicated due to both the energy crisis and the recent banking crises and by high and persistent inflation. The financing of innovative and entrepreneurial firms is significantly influenced by the current context. Therefore, the VCFs could have a major contribution in identifying new strategies in adjusting the financing mechanisms and the nature of governance to the ongoing markets' dynamics.

Keywords: entrepreneurial and innovative firms; alternative investment vehicles (AIVs); venture capital funds (VCFs); investment decisions; emerging markets (search for similar items in EconPapers)
JEL-codes: M21 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ito:pchaps:309916

DOI: 10.5772/intechopen.113326

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