Developmental financial institutions as catalysts of entrepreneurship in emerging economies

• 成果类型: Article
• 署名作者: George, G; Prabhu, GN
• 署名单位: Syracuse University; Indian Institute of Management (IIM System); Indian Institute of Management Bangalore
• 刊物名称: ACADEMY OF MANAGEMENT REVIEW
• ISSN/ISSBN: 0363-7425
• DOI: 10.2307/259314
• 发表日期: 2000
• 页码: 620-629
• 关键词: PARTNER SELECTION; capital structure; joint ventures; performance; OWNERSHIP; MARKETS; firm; diversification; privatization; governance

摘要

With ongoing privatization efforts in emerging economies, governments have supported developmental financial institutions (DFIs) to spur entrepreneurial activity. We use stakeholder theory to suggest that postprivatization stakeholders differ in their preference to seek DFI support. We then posit that national developmental priorities influence the DFI's willingness to be involved in the governance of the privatized firm and we discuss implications of DFI involvement for value creation and entrepreneurship in emerging economies.