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Strategies That Chinese Small And Medium-Sized Enterprises Use To Attract Venture Capital, Chenjiazi Zhong
Strategies That Chinese Small And Medium-Sized Enterprises Use To Attract Venture Capital, Chenjiazi Zhong
Walden Dissertations and Doctoral Studies
Small and medium-sized enterprises (SMEs) contribute to China's economic growth and help maintain social stability. However, SME business leaders have cited access to finance as an obstacle of SMEs' survival and success. The purpose of this multiple case study was to identify main strategies SME entrepreneurs and business leaders used to attract venture capital (VC) investments to achieve financial sustainability and business expansion. Data were collected from a purposive sample of 23 entrepreneurs and leaders from 4 SMEs in China and an analysis of organizational artifacts. The resource-based view theory served as the primary conceptual framework. The data analysis process …