Legal Aspects of Venture Capital Financing and Its Relation to the Development of Micro, Small and Medium Enterprises (MSMEs) in Indonesia

Zulfi Chairi

2018

Abstract

The existence of Micro, Small and Medium Enterprises (MSMEs) is one of pushing forces for economic development. They also play a strategic role in developing potentials of people’s economy which has been proven to be able to survive in economic crisis in Indonesia. The government has paid special attention to MSMEs. MSME development is one of solutions to accelerate national economy growth and decrease poverty rate. Therefore, government focuses not only on MSME policy and program but also on their implementation in the field. There are some main obstacles for MSME development in Indonesia such as the lack of capital, poor management and the lack of the use of technology. Venture capital financing institution is one of sources of capital that can be accessed by MSME. It is an alternative financing institution whose mission is to help MSMEs through capital participation and management support. This research applies a descriptive analytical method and juridical normative approach by studying the applicable laws in Indonesia through library research on the roles of venture capital as an alternative financing for MSMEs. The research found that venture capital has a clear legal basis in positive laws in Indonesia and plays a role in MSMEs development as an alternative financing in addition to bank to support national economy development in Indonesia.

Paper Citation

in Harvard Style

Chairi Z. (2018). Legal Aspects of Venture Capital Financing and Its Relation to the Development of Micro, Small and Medium Enterprises (MSMEs) in Indonesia.In Proceedings of the International Conference of Science, Technology, Engineering, Environmental and Ramification Researches - Volume 1: ICOSTEERR, ISBN 978-989-758-449-7, pages 1444-1449. DOI: 10.5220/0010081714441449

in Bibtex Style

@conference{icosteerr18,
author={Zulfi Chairi},
title={Legal Aspects of Venture Capital Financing and Its Relation to the Development of Micro, Small and Medium Enterprises (MSMEs) in Indonesia},
booktitle={Proceedings of the International Conference of Science, Technology, Engineering, Environmental and Ramification Researches - Volume 1: ICOSTEERR,},
year={2018},
pages={1444-1449},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0010081714441449},
isbn={978-989-758-449-7},
}

in EndNote Style

TY - CONF

JO - Proceedings of the International Conference of Science, Technology, Engineering, Environmental and Ramification Researches - Volume 1: ICOSTEERR,
TI - Legal Aspects of Venture Capital Financing and Its Relation to the Development of Micro, Small and Medium Enterprises (MSMEs) in Indonesia
SN - 978-989-758-449-7
AU - Chairi Z.
PY - 2018
SP - 1444
EP - 1449
DO - 10.5220/0010081714441449