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...

Milton Friedman once argued that profits are the chief purpose of business. Profits do matter, but today we know more about how business contributes to society. Good firms bring innovation to the marketplace, which facilitates their growth. Innovative, growing firms generate economic growth and...