Title: Kosovo's initial-stage venture capital market: challenges and perspectives

Authors: Herolinda Murati-Leka

Addresses: Faculty of Business and Economics, South East European University, North Macedonia

Abstract: Market evolution is a consistent process associated with different challenges which increases the complexity of an economy. One of the main barriers facing this process would be the disparity of information known as the presence of asymmetric information in these markets. The asymmetric information problem is especially severe in developing markets. This study provides new insights into research on venture capital in emerging markets with a special emphasis in the case of Kosovo. The idea of this paper is to examine the state of the market of Kosovo in general, than analyse and understand the business environment and other macroeconomic conditions in order to have a deep view of Kosovo's economy. The recommendations given in this study not only have important implications for the start-up companies and the business area in general, but also have significant meaning for the policy making of government to make the business climate a relatively fair information environment for perspective domestic and foreign venture capital investors.

Keywords: venture capital; emerging markets; ICT; small and medium enterprise; SMEs; start-ups; Kosovo.

DOI: 10.1504/IJESB.2023.133480

International Journal of Entrepreneurship and Small Business, 2023 Vol.50 No.1, pp.23 - 34

Received: 28 Oct 2019
Accepted: 12 Jun 2020
Published online: 18 Sep 2023 *

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