مجلة الإدارة والتنمية للبحوث والدراسات
Volume 11, Numéro 2, Pages 468-487
2022-12-01

Influence Of The Maturity Of The Venture Capital Market On The Decision Making Of Venture Capital Companies: A Case Study Of The Algerian Startup Fund

Authors : Boumendil Maçyl . Arkoub Ouali . Moumou Ouerdia .

Abstract

Research on the determinants of decision-making in Venture Capital Companies (VCCs) is almost unexplored in Algeria and Africa. Through this article, our objective is to remedy this gap by examining the determinants of decision making within the Algerian Startup Fund (ASF). This issue is analyzed taking into account the moderating role that the maturity of the venture capital (VC) market is supposed to play. The use of a mixed methodology exploiting a quantitative approach (statistical analysis of data collected from 45 labeled start-ups) and a qualitative approach (interview with the ASF's general director) shows the predominant role attributed to financial and forecasting information in the ASF's decision-making process.

Keywords

Venture capital ; decision making ; market maturity ; signals ; financial informations