Harvesting a 'lost' investment : case study of a financial innovation

Hindle, Kevin 1993, Harvesting a 'lost' investment : case study of a financial innovation, Creativity and innovation management, vol. 2, no. 1, pp. 53-62.

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Title Harvesting a 'lost' investment : case study of a financial innovation
Author(s) Hindle, Kevin
Journal name Creativity and innovation management
Volume number 2
Issue number 1
Start page 53
End page 62
Publisher Wiley
Place of publication London, England
Publication date 1993-03
ISSN 0963-1690
1467-8691
Summary In the field of Entrepreneurial research, financial innovations have been less studied and reported than product or process innovations. A case example is presented with implications for a large number of firms requiring financial restructuring as a precondition to attracting equity investmemnt. An insolvent asparagus exporter with high growth potential offered opportunity to test a model of financial restructuring and unlisted equity marketing, the ersatz venture capital (EVC) hypothesis. A business plan written in accordance with EVC prescriptions revealed the company's potential and attracted investors. It is argued that the approach may help solve two pressing problems of the Australian economy: re-vitalisation of businesses rendered insolvent by excessive debt and stimulation of a depressed venture capital market.
Language eng
Field of Research 150399 Business and Management not elsewhere classified
Socio Economic Objective 910499 Management and Productivity not elsewhere classified
HERDC Research category C1.1 Refereed article in a scholarly journal
Copyright notice ©1993, Wiley
Persistent URL http://hdl.handle.net/10536/DRO/DU:30029611

Document type: Journal Article
Collection: School of Management and Marketing
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