Venture-Capital: A Favorable Factor of Regional Development in Tunisia

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Author	Abidi Fatma
ISSN	2225-7217
On Pages	224-240
Volume No.	2
Issue No.	2
Issue Date	May 01, 2020
Publishing Date	May 01, 2020
Keywords	venture capital, start-up financing, finance companies with strong growth potential, overall development, regional development, venture capital performance.

Abstract

Venture capital is a financial innovation dedicated to the financing of start-ups and companies with high growth potential. This article is a contribution to the study of venture capital as a means of financing the overall and regional development. The integration of venture capital in regional development is fiscal decentralization and investment. The venture capital activity is characterized by enormous constraints (asymmetric information, agency problems, illiquid securities ...), which the regional venture capital responds to by benefits granted by the government and benefits related to investments in regional development areas. The performance of venture capital and the target of the entry depend on several variables (specific to the investment or its environment): Affiliation, the number of invested companies� investment sector, development Stage Company funded, the amount invested, and the time required for investment. Despite of multi efforts, a lot of work is still needed from the part of the Tunisian market to improve the performance of venture capital and to integrate regional development in order to achieve financial decentralization.

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