Raising financial resources for small and medium enterprises: a multiple case study with Brazilian venture capital funds in the cities of Rio de Janeiro and São Paulo
by Julio Vieira Neto; José Rodrigues de Farias Filho; Osvaldo L.G. Quelhas
International Journal of Innovation and Sustainable Development (IJISD), Vol. 8, No. 1, 2014

Abstract: This paper addresses questions related to small and medium enterprises (SMEs). The intermediate objective is to conduct an exploratory study of the socioeconomic importance of SMEs and the difficulties SMEs face in raising funds. The literature review indicates that the main factors responsible for the slow growth or the failure of SMEs in Brazil and worldwide are the company owners' lack of management training, followed by a deficiency in an SME's ability to acquire and manage financial resources. Exploratory research was performed, followed by a multiple case study that includes interviews of six investors, three located in the city of Rio de Janeiro and three located in the city of São Paulo. The result of this study indicates that the most important criteria used by venture funds when deciding to invest in SMEs are the management, the quality of the team and the level of entrepreneurial skills.

Online publication date: Sun, 13-Jul-2014

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Innovation and Sustainable Development (IJISD):
Login with your Inderscience username and password:

    Username:        Password:         

Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com