Operation Research — The Influence of Venture Capital on the Growth of E-Commerce Listed Enterprises

Naga Sushma Allur, Durga Praveen Deevi (), Koteswararao Dondapati (), Himabindu Chetlapalli (), Sharadha Kodadi () and Thinagaran Perumal ()
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Naga Sushma Allur: Astute Solutions LLC, CA 95630, USA
Durga Praveen Deevi: O2 Technologies Inc, CA 92614, USA
Koteswararao Dondapati: Everest Technologies, Columbus OH 43229, USA
Himabindu Chetlapalli: 9455868 Canada Inc, ON, Canada L1R 2N1
Sharadha Kodadi: Infosys, TX 75082, USA
Thinagaran Perumal: Department of Computer Science, Faculty of Computer Science and Information Technology, Universiti Putra Malaysia, 43400 UPM Serdang, Selangor, Malaysia

International Journal of Innovation and Technology Management (IJITM), 2024, vol. 21, issue 08, 1-23

Abstract: Venture capital (VC) is essential for the growth of small and medium enterprises (SMEs) in developed e-commerce countries. SMEs play a crucial role in the economic development of both developing and developed countries. This paper proposes the influence of VC on the growth of e-commerce in SMEs using the propensity score matching (PSM) method. PSM is defined as the statistical analysis of observational data, where a statistical matching method attempts to evaluate the impacts of a treatment or policy. The experimental results show that the effect of e-commerce on SMEs who received VC financing experience improves the performance of employment growth and sales. Our findings reveal that VC significantly enhances employment rates and sales performance in e-commerce sectors. The study underscores the critical role of VC in driving innovation and growth within SMEs, providing valuable insights for investors and policymakers aiming to foster economic development.

Keywords: Venture capital; e-commerce; financial growth; small and medium enterprises (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1142/S0219877024500573

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