Venture Capital in Japan
- 1 July 1993
- journal article
- Published by SAGE Publications in International Small Business Journal: Researching Entrepreneurship
- Vol. 11 (4) , 39-56
- https://doi.org/10.1177/026624269301100403
Abstract
PROF. DENNIS M. RAY IS WITH THE SCHOOL of Accountancy and Business, Nanyang Technological University, Singapore, and Prof. Dominique V. Turpin is with the International Management Development Institute, Lausanne, Switzerland. This paper examines the background, development, and strategic significance of the venture capital industry in Japan. It is based on historical, aggregate data, interview and survey data collected over a number of years in Japan. The paper reports on a survey completed by eighteen Japanese venture capitalists, representing more than two-thirds of all venture capital funds inJapan. This survey builds on the pioneering research of Professor Ian MacMillan and associates with regard to 27 decision criteria used by venture capitalists in evaluating potential portfolio clients. Comparisons with the United States venture capital community are made in this study. The cognitive models used byJapanese venture capitalists in evaluating prospective portfolio clients are also explored.Keywords
This publication has 5 references indexed in Scilit:
- Venture Capital and Entrepreneurial Development in SingaporeInternational Small Business Journal: Researching Entrepreneurship, 1991
- Assessing venture capital investments with noncompensatory behavioral decision modelsJournal of Business Venturing, 1987
- Criteria distinguishing successful from unsuccessful ventures in the venture screening processJournal of Business Venturing, 1987
- Criteria used by venture capitalists to evaluate new venture proposalsJournal of Business Venturing, 1985
- A Model of Venture Capitalist Investment ActivityManagement Science, 1984