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Noticias – 20170202 – Candelaria (12)

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      • This paper examines how differences in distinct institutional clusters of countries impact on the vital entrepreneurial activity
        of venture capital, and how individuals, organizations, and
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        The focus on venture capital offers researchers the opportunity to view an industry that comes from
        a common root, with strong and consistent traditions,
        in which to examine how the differing institutional settings impact on behaviors in different markets, and how the
        institutions themselves may change in these settings. We also focus
        on emerging economies, since such economies offer a natural laboratory to study
        the impact of institutional change. Specifically, this paper employs an institutional theory
        perspective to examine venture capital in two regions of the world that form institutional clusters of countries
        – Latin America and Asia. It is found that the venture capital industry exhibits
        a strong consistency across many dimensions; yet institutions in these
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