Abstract
The purpose of study is to rank the venture capital companies operating in Pakistan during the period of 2006-2009 on the base of their financial performance. Ratio analysis technique was used to rank the venture capital companies using profitability / efficiency ratios and total assets as proxies of financial performance. This study concludes that TRG Pakistan Limited is at first in ranking on the bases of return on assets (ROA), return on equity (ROE), and total assets, and at second on the base of earnings per share (EPS). AMZ Ventures Limited is at first on the base of earnings per share (EPS), at second in ranking on the bases of return on assets (ROA), return on equity (ROE), and total assets. TMT Ventures Limited is third on the bases of all ratios, and total assets. This is the first attempt that was made with an objective to facilitate the students, investors and management of company with useful information regarding financial performance of all venture capital companies operating in Pakistan.
Highlights
Financial system is a key component of economic development in any country and it facilitates for funds mobilization to cover the financial requirements
Ratio analysis technique was used to rank the venture capital companies on the base of their financial performance. This was the first attempt made by the researcher to fill gap because no prior study was conducted in Pakistan related to the measure of financial performance of venture capital companies
This study will serve as a benchmark and will provide help to the students, investors and prospective researchers while measuring the financial performance of venture capital companies as well as other financial institutions
Summary
Financial system is a key component of economic development in any country and it facilitates for funds mobilization to cover the financial requirements. TMT ventures capital company has total Rs. 250 million to invest from which Rs. 50 million was its’ own capital, Rs. 75 million was invested by Pak-Kuwait investment company and remaining amount was financed from different financial institutions. Ratio analysis technique was used to rank the venture capital companies on the base of their financial performance. This was the first attempt made by the researcher to fill gap because no prior study was conducted in Pakistan related to the measure of financial performance of venture capital companies. This study will serve as a benchmark and will provide help to the students, investors and prospective researchers while measuring the financial performance of venture capital companies as well as other financial institutions.
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