The last quarter of the twentieth century was characterized by economic reforms in many formerly state-dominated economies. Among them, the reform attempts by China and India have attracted increasing attention in the popular media and academic research. This paper contribute to this research by...

Emerging economies lack the regulations,enforcement, and rule of law that venture capitalists are accustomed to inestablished economies. This study explores how venture capitalists use networkrelationships among entrepreneurs, venture capitalists, and enterprises andother informal institutions...