Abd-Elsalam , H . O . and Weetman , P . ( 2003 ) Introducing
international accounting standards to a developing capital
market: Relative familiarity and language effect in Egypt .
Journal of International Accounting, Auditing and Taxation
12 (1) : 63 – 84 .
Ahlstrom , D . and Bruton , G . D . ( 2006 ) Venture capital in
developing economies: Networks and institutional
change . Entrepreneurship Theory and Practice 30 (1) :
299 – 320 .
Ahlstrom , D . , Young , M . N . , Chan , E . S . and Bruton , G . D .
( 2004 ) Facing constraints to growth? Overseas Chinese
entrepreneurs and traditional business practices in East
Asia . Asia Pacifi c Journal of Management 21 (3) : 263 – 285 .
Ahlstrom , D . , Young , M . N . and Nair , A . ( 2003 ) Navigating
China’s feudal governance structures: Some guidelines for
foreign enterprises . SAM Advanced Management Journal
68 (1) : 4 – 13 .
Aronoff , C . ( 1975 ) The rise of the behavioural perspective in
selected general management textbooks: An empirical
investigation and content analysis . Academy of Management
Journal 18 (4) : 753 – 768 .
Bartunek , J . M . , Bobko , P . and Venkatraman , N . V . ( 1993 )
Toward innovation and diversity in management research
methods . Academy of Management Journal 36 : 1362 – 1373 .
Berglund , H . ( 2011 ) Early stage venture capital investing:
Comparing California and Scandinavia . Venture Capital:
An International Journal of Entrepreneurial Finance 13 (2) :
119 – 145 .
Berglund , H . ( 2007 ) Opportunities as existing and created:
A study of entrepreneurs in the Swedish mobile internet
industry . Journal of Enterprising Culture 15 (3) : 243 – 273 .
Boococke , G . and Woods , M . ( 1997 ) The evaluation criteria
used by venture capitalists: Evidence from a UK venture
fund . International Small Business Journal 16 (1) : 36 – 57 .
Bottazzi , L . , DaRin , M . and Hellmann , T . ( 2004 ) The
changing face of the European venture capital industry:
Facts and analysis . Journal of Private Equity 7 (2) : 26 – 53 .
Bottazzi , L . , DaRin , M . and Hellmann , T . ( 2006 ) The
Importance of Trust for Investment: Evidence from
Venture Capital . Vancouver, Canada: University of
British Columbia. Online Working Paper 1872007 .
94 © 2012 Macmillan Publishers Ltd. 1363-0539 Journal of Financial Services Marketing Vol. 17, 1, 80–95
Hassan and Ibrahim
Bruton , G . and Ahlstrom , D . ( 2003 ) An institutional view of
China’s venture capital industry: Explaining the
differences between China and the West . Journal of
Business Venturing 18 (2) : 233 – 259 .
Bruton , G . , Ahlstrom , D . and Puky , T . ( 2009 ) Institutional
differences and the development of entrepreneurial
ventures: A comparison of the venture capital industries
in Latin America and Asia . Journal of International Business
Studies 40 (5) : 762 – 778 .
Bruton , G . , Fried , V . and Manigart , S . ( 2005 ) Institutional
infl uences on the worldwide expansion of venture
capital . Entrepreneurship Theory and Practice 29 (6) : 737 – 760 .
Bruton , G . D . , Ahlstrom , D . and Singh , K . ( 2002 ) The impact
of the institutional environment on the venture capital
industry in Singapore . Venture Capital: An International
Journal of Entrepreneurial Finance 4 (3) : 197 – 218 .
Butler , J . E . , Brown , B . and Chamornman , W . ( 2003 )
Informational networks, entrepreneurial action and
performance . Asia Pacifi c Journal of Management 20 (2) :
151 – 174 .
Bygrave , W . D . ( 1988 ) The structure of the investment
networks of venture capital fi rms . Journal of Business
Venturing 3 (2) : 137 – 157 .
Calder , B . ( 1977 ) Focus groups and the nature of qualitative
marketing research . Journal of Marketing Research 24 (3) :
353 – 364 .
Candell , G . and Hulin , H . ( 1987 ) Cross-language and crosscultural
comparisons in scale translations . Journal of
Cross-Cultural Psychology 17 (4) : 417 – 440 .
Cardis , J . , Kirschner , S . , Richelson , S . , Kirschner , J . and
Richelson , H . ( 2001 ) Venture Capital: The Defi nitive
Guide for Entrepreneurs, Investors, and Practitioners .
New York: John Wiley & Sons .
Cumming , D . , Schmidt , D . and Walz , U . ( 2010 ) Legality and
venture governance around the world . Journal of Business
Venturing 25 (1) : 54 – 72 .
Das , T . L . and Teng , B . S . ( 2001 ) Trust, control, and risk in
strategic alliances: An integrated framework . Organization
Studies 22 (2) : 251 – 283 .
Duffner , S . , Schmid , M . M . and Zimmermann , H . ( 2008 )
Trust and in Venture Capital Finance: An Empirical
Analysis with German Survey Data . Social Science
Research Network Working Paper, http://www.ssrn
.com .
Elsayed , M . O . and Hoque , Z . ( 2010 ) Perceived international
environmental factors and corporate voluntary disclosure
practices: An empirical study . The British Accounting
Review 42 (1) : 17 – 35 .
Gorman , M . and Sahlman , W . A . ( 1989 ) What do venture
capitalists do? Journal of Business Venturing 4 (4) :
231 – 248 .
Hassan , A . ( 2003 ) An empirical investigation of the
investment behaviour of UK venture capital fi rms in the
investee companies: An accounting emphasis . Doctoral
dissertation, University of Keele, UK .
Hassan , A . ( 2010 ) An explanatory study of private equity and
venture capital in developing economy: Evidence from
Egypt . The Journal of Private Equity 13 (2) : 55 – 66 .
Ibrahim , E . , Ibeh , K . I . N . and Panayides , P . M . ( 2006 )
International market success among smaller agri-food
companies . International Journal of Entrepreneurial Behaviour
and Research 12 (2) : 85 – 104 .
Jeng , L . A . and Wells , P . C . ( 2000 ) The determinants of
venture capital funding: Evidence across countries . Journal
of Corporate Finance 6 (3) : 241 – 289 .
Kaplan , S . N . and Stromberg , P . ( 2004 ) Characteristics,
contracts, and actions: Evidence from venture capitalist
analyses . Journal of Finance 59 (5) : 5 – 25 .
Kim , W . C . and Mauborgne , R . A . ( 1993 ) Procedural justice,
attitudes, and subsidiary op management compliance .
Academy of Management Journal 36 (3) : 502 – 526 .
MacMillan , I . C . , Kulow , D . M . and Khoylian , R . ( 1988 )
Venture capitalists ’ involvement in their investments:
Extent and performance . Journal of Business Venturing 4 (1) :
27 – 47 .
Malinowski , B . ( 1935 ) Coral Gardens and Their Magic, 2: The
Language of Magic and Gardening . London: George Allen
& Unwin .
McGorr , S . ( 2000 ) Measurement in a cross-cultural
environment: Survey translation issues . Qualitative Market
Research 3 (2) : 74 – 81 .
Miles , M . B . and Hubermann , A . M . ( 1984 ) Analysing
Qualitative Data: A Sourcebook for New Methods . California:
Sage Publications .
Ministry of Finance . ( 2004 ) The application of venture capital
within the SME sector , http://www.sme.gov.eg , accessed
20 October 2011 .
Ministry of Finance . ( 2007 ) Financing opportunities for SMEs
in Egypt , http://www.sme.gov.eg , accessed 24 August
2011 .
Mitchell , F . , Reid , G . and Terry , N . ( 1995 ) Post investment
demand for accounting information by venture capitalists .
Accounting & Business Research 25 (99) : 186 – 196 .
Mitchell , F . , Reid , G . and Terry , N . ( 1997 ) Venture capital
supply and accounting information system development .
Entrepreneurship Theory and Practice 21 (4) : 45 – 62 .
North , D . ( 1990 ) Institutions, Institutional Change and Economic
Performance . Cambridge, UK: Cambridge University
Press .
Olson , B . , Parayitam , S . and Bao , Y . ( 2007 ) Strategic
decisions making: The effects of cognitive diversity,
confl ict, and trust on decision outcomes . Journal of
Management 33 (2) : 196 – 222 .
Peneder , M . ( 2010 ) The impact of venture capital on
innovation behaviour and fi rm growth . Venture Capital:
An International Journal of Entrepreneurial Finance 12 (2) :
83 – 107 .
Peng , M . W . ( 2001 ) How entrepreneurs create wealth in
transition economies . Academy of Management Executive
15 (1) : 95 – 110 .
Peng , M . W . and Heath , P . S . ( 1996 ) The growth of the fi rm
in planned economies in transition . Academy of
Management Review 21 (2) : 492 – 528 .
Pierre , J . S . , Nomo , T . S . and Pilaeva , K . ( 2011 ) The nonfi
nancial contribution of venture capitalists to VC-backed
SMEs: The case of traditional sectors . Venture Capital:
An International Journal of Entrepreneurial Finance 13 (2) :
103 – 118 .
Pruthi , S . , Wright , M . and Lockett , A . ( 2003 ) Do foreign and
domestic venture capital fi rms differ in their monitoring
of investees? Asia Pacifi c Journal of Management 20 (2) :
175 – 204 .
Rajan , R . G . and Zingales , L . ( 1998 ) Financial dependence
and growth . American Economic Review 88 (1) : 3 – 18 .
© 2012 Macmillan Publishers Ltd. 1363-0539 Journal of Financial Services Marketing Vol. 17, 1, 80–95 95
A study of the private equity market in Egypt
Ring , P . S . and Van Ven , A . H . ( 1994 ) Developmental
processes of cooperative inter-organisational relationships .
Academy of Management Review 19 (1) : 90 – 118 .
Rock , A . ( 1987 ) Strategy vs. tactics from a venture capitalist .
Harvard Business Review 65 (6) : 63 – 67 .
Rosenstein , J . ( 1988 ) The board and strategy: Venture capital
and high technology . Journal of Business Venturing (3) :
159 – 170 .
Rosenstein , J . , Bruno , A . V . , Bygrave , W . D . and Taylor , N . T .
( 1993 ) The CEO, venture capitalists, and the board .
Journal of Business Venturing 8 (2) : 99 – 113 .
Sahlman , W . A . ( 1990 ) The structure and governance of
venture-capital organizations . Journal of Financial Economics
27 (2) : 473 – 521 .
Sapienza , H . J . ( 1992 ) When do venture capitalists add value?
Journal of Business Venturing 7 (1) : 9 – 27 .
Sapienza , H . J . and Amason , A . ( 1993 ) Effects of
innovativeness and venture stage on venture capitalist –
entrepreneur relations . Interfaces 23 (6) : 38 – 51 .
Sapienza , H . J . and Korsgaard , M . A . ( 1996 ) Procedural justice
in entrepreneur – investor relations . Academy of Management
Journal 39 (3) : 544 – 574 .
Sapienza , H . J . , Manigart , S . and Vermeir , W . ( 1996 ) Venture
capitalist governance and value added in four countries .
Journal of Business Venturing 11 (6) : 439 – 469 .
Sapienza , J . H . , Amason , A . C . and Manigart , S . ( 1994 ) The
level and nature of venture capitalist involvement in their
portfolio companies: A study of three European
countries . Managerial Finance 20 (1) : 3 – 18 .
Sweeting , R . C . ( 1991 ) UK venture capital funds and the
funding of new technology-based business: Process and
relationships . Journal of Management Studies 28 (6) :
601 – 622 .
Sweeting , R . C . and Wong , C . F . ( 1997 ) A UK ‘ hands-off ’
venture capital fi rm and the handling of post-investment
investor – investee relationship . Journal of Management
Studies 34 (1) : 125 – 152 .
Sydserff , R . and Weetman , P . ( 2002 ) Developments in
content analysis: A transitivity index and DICTION
scores . Accounting, Auditing and Accountability Journal 15 (4) :
523 – 545 .
Timmons , J . A . and Bygrave , W . D . ( 1986 ) Venture capital’s
role in fi nancing innovation for economic growth . Journal
of Business Venturing 1 (2) : 161 – 176 .
Tung , R . L . ( 2002 ) Building effective networks . Journal of
Management Inquiry 11 (2) : 94 – 101 .
Tung , R . L . and Worm , V . ( 2001 ) Network capitalism: The
role of human resources in penetrating the China market .
International Journal of Human Resource Management 12 (4) :
517 – 534 .
Tyebjee , T . T . and Bruno , A . V . ( 1984 ) A model of venture
capitalist investment activity . Management Science 30 (9) :
1051 – 1066 .
UNECA . ( 2004 ) Measuring and monitoring progress towards
good governance in Africa: Governance profi le of Egypt ,
http://www.uncea.org/ .
Van deVen , A . H . and Walker , G . ( 1984 ) The dynamics of
interorganizational coordination . Administrative Science
Quarterly 29 (4) : 258 – 621 .
Wright , M . , Filatotchev , I . , Hoskisson , R . E . and Peng , M . W .
( 2005 ) Strategy research in developing economies:
Challenging the conventional wisdom . Journal of
Management Studies 42 (1) : 1 – 33 .
Wright , M . , Gilligan , J . and Amess , K . ( 2009 ) The economic
impact of private equity: What we know and what we
would like to know . Venture Capital: An International
Journal of Entrepreneurial Finance 11 (1) : 1 – 21 .
Wright , M . ( 2004 ) Venture capital investors, capital markets,
valuation and information: US, Europe and Asia . Journal
of International Entrepreneurship 2 (4) : 305 – 326 .
Zacharackis , A . , Erikson , T . and George , B . ( 2010 ) Confl ict
between the VC and entrepreneur: The entrepreneur’s
perspective . Venture Capital: An international Journal of
Entrepreneurial Finance 12 (2) : 109 – 126.
Altmetric
Altmetric