Venture Capital in Latvia: Reality and Perspectives

Irina Kuzmina () and Sandra Kublina ()
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Irina Kuzmina: Riga International School of Economics and Business Administration (RISEBA), Latvia
Sandra Kublina: Ventspils University College, Ventspils, Latvia

Chapter 2012-03 in European Entrepreneurship in the Globalizing Economy: Preparation of New Generation of Entrepreneurs and Business Leaders. Proceedings of the International Conference, 3 – 6 June 2012, Sozopol, Bulgaria, 2014, pp 66-90 from Bulgarian Association for Management Development and Entrepreneurship

Abstract: The authors of this article pay particular attention to the study of the nature of venture capital as a multi-meaning concept. It is evident that venture capital is one of the main sources of financing innovation entrepreneurship. On the other hand venture capital represents an independent sector of market economy of a certain country. At the same time venture capital operation mechanism requires a definite system of public relations in risky business, which is based on economic interests of investors, entrepreneurs, government and society. The research on the venture capital and private equity industry has helped the authors of this article to define the place and role of venture capital in the development of Latvian entrepreneurship, identify the peculiarities and contradictions of its functioning in the conditions of entrepreneurial environment in the context of globalisation. The results of the research can be useful for the evaluation of perspectives for venture capital industry development in Latvia.

Keywords: venture capital; investors; venture capital investments; innovation; entrepreneurship (search for similar items in EconPapers)
Date: 2014
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