Co-evolution between the South African venture capital industry and the South [African] government

Aluko, Olumide Mayowa (2011) Co-evolution between the South African venture capital industry and the South [African] government. PhD thesis, University of Nottingham.

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Abstract

This thesis contributes to the current discourse around co-evolution, this study investigates co-evolution between the South African venture capital industry and the South African government. Using a qualitative method which involved gathering data from archival sources and contemporary interviews, this study extends the growing literature on the co-evolution of organizations and their institutional environment in three ways. First, the study shows that the co-evolution that occurs between organizations and the institutional environment, is facilitated by both entities' respective need for legitimate status with different audiences. Second, the study furthers our understanding of co-evolution at the meso level (i.e. the organizational field) by illustrating the place of subject positions of organizations and power in the co-evolution that occurs at that level. Third, from the narrative presented in the study on the emergence of a venture capital industry in South Africa, the study explicates the importance of a free market system in a transition economy as it engenders the growth and development of a venture capital industry in such economies.

Item Type: Thesis (University of Nottingham only) (PhD)
Supervisors: Lockett, A.
Wright, D.M.
Keywords: Venture capital, public-private sector cooperation, South Africa
Subjects: H Social sciences > HG Finance
Faculties/Schools: UK Campuses > Faculty of Social Sciences, Law and Education > Nottingham University Business School
Item ID: 13317
Depositing User: EP, Services
Date Deposited: 28 May 2013 12:04
Last Modified: 14 Sep 2016 07:32
URI: http://eprints.nottingham.ac.uk/id/eprint/13317

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