id	sid	tid	token	lemma	pos
arjefm-1194	1	1	american	american	PROPN
arjefm-1194	1	2	research	research	PROPN
arjefm-1194	1	3	journal	journal	PROPN
arjefm-1194	1	4	of	of	ADP
arjefm-1194	1	5	economics	economic	NOUN
arjefm-1194	1	6	,	,	PUNCT
arjefm-1194	1	7	finance	finance	NOUN
arjefm-1194	1	8	and	and	CCONJ
arjefm-1194	1	9	management	management	NOUN
arjefm-1194	1	10	volume	volume	NOUN
arjefm-1194	1	11	13	13	NUM
arjefm-1194	1	12	issue	issue	NOUN
arjefm-1194	1	13	1	1	NUM
arjefm-1194	1	14	,	,	PUNCT
arjefm-1194	1	15	january	january	PROPN
arjefm-1194	1	16	-march	-march	PROPN
arjefm-1194	1	17	2025	2025	NUM
arjefm-1194	1	18	issn	issn	NOUN
arjefm-1194	1	19	:	:	PUNCT
arjefm-1194	1	20	2836	2836	NUM
arjefm-1194	1	21	-	-	SYM
arjefm-1194	1	22	9416	9416	NUM
arjefm-1194	1	23	impact	impact	NOUN
arjefm-1194	1	24	factor	factor	NOUN
arjefm-1194	1	25	:	:	PUNCT
arjefm-1194	1	26	6.41	6.41	NUM
arjefm-1194	1	27	journal	journal	NOUN
arjefm-1194	1	28	homepage	homepage	NOUN
arjefm-1194	1	29	:	:	PUNCT
arjefm-1194	1	30	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1194	1	31	,	,	PUNCT
arjefm-1194	1	32	email	email	NOUN
arjefm-1194	1	33	:	:	PUNCT
arjefm-1194	1	34	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1194	1	35	official	official	ADJ
arjefm-1194	1	36	journal	journal	PROPN
arjefm-1194	1	37	of	of	ADP
arjefm-1194	1	38	america	america	PROPN
arjefm-1194	1	39	serial	serial	PROPN
arjefm-1194	1	40	publication	publication	NOUN
arjefm-1194	1	41	american	american	PROPN
arjefm-1194	1	42	research	research	PROPN
arjefm-1194	1	43	journal	journal	PROPN
arjefm-1194	1	44	of	of	ADP
arjefm-1194	1	45	economics	economic	NOUN
arjefm-1194	1	46	,	,	PUNCT
arjefm-1194	1	47	finance	finance	NOUN
arjefm-1194	1	48	and	and	CCONJ
arjefm-1194	1	49	management	management	NOUN
arjefm-1194	1	50	https://americaserial.com/journals/index.php/	https://americaserial.com/journals/index.php/	PROPN
arjefm-1194	1	51	arjefm	arjefm	PROPN
arjefm-1194	1	52	,	,	PUNCT
arjefm-1194	1	53	email	email	NOUN
arjefm-1194	1	54	:	:	PUNCT
arjefm-1194	1	55	contact@americaserial.com	contact@americaserial.com	X
arjefm-1194	2	1	212	212	NUM
arjefm-1194	3	1	|	|	ADV
arjefm-1194	3	2	p	p	ADP
arjefm-1194	3	3	a	a	DET
arjefm-1194	3	4	g	g	NOUN
arjefm-1194	3	5	e	e	NOUN
arjefm-1194	3	6	venture	venture	NOUN
arjefm-1194	3	7	capital	capital	NOUN
arjefm-1194	3	8	financing	financing	NOUN
arjefm-1194	3	9	and	and	CCONJ
arjefm-1194	3	10	performance	performance	NOUN
arjefm-1194	3	11	of	of	ADP
arjefm-1194	3	12	small	small	ADJ
arjefm-1194	3	13	and	and	CCONJ
arjefm-1194	3	14	medium	medium	ADJ
arjefm-1194	3	15	scale	scale	NOUN
arjefm-1194	3	16	enterprises	enterprise	NOUN
arjefm-1194	3	17	in	in	ADP
arjefm-1194	3	18	nigeria	nigeria	PROPN
arjefm-1194	3	19	dr	dr	PROPN
arjefm-1194	3	20	.	.	PROPN
arjefm-1194	3	21	amakor	amakor	PROPN
arjefm-1194	3	22	,	,	PUNCT
arjefm-1194	3	23	ifeoma	ifeoma	NOUN
arjefm-1194	3	24	chinelo	chinelo	NOUN
arjefm-1194	3	25	and	and	CCONJ
arjefm-1194	3	26	chimarume	chimarume	ADJ
arjefm-1194	3	27	blessing	blessing	NOUN
arjefm-1194	4	1	uba	uba	PROPN
arjefm-1194	4	2	1department	1department	NUM
arjefm-1194	4	3	of	of	ADP
arjefm-1194	4	4	banking	banking	NOUN
arjefm-1194	4	5	and	and	CCONJ
arjefm-1194	4	6	finance	finance	NOUN
arjefm-1194	4	7	nnamdi	nnamdi	PROPN
arjefm-1194	4	8	azikiwe	azikiwe	PROPN
arjefm-1194	4	9	university	university	NOUN
arjefm-1194	4	10	,	,	PUNCT
arjefm-1194	4	11	awka	awka	ADJ
arjefm-1194	4	12	email	email	NOUN
arjefm-1194	4	13	:	:	PUNCT
arjefm-1194	4	14	ic.amakor@unizik.edu.ng	ic.amakor@unizik.edu.ng	ADJ
arjefm-1194	4	15	/	/	SYM
arjefm-1194	5	1	chimarume@gmail.com	chimarume@gmail.com	X
arjefm-1194	5	2	phone	phone	NOUN
arjefm-1194	5	3	:	:	PUNCT
arjefm-1194	5	4	08036222388	08036222388	NUM
arjefm-1194	5	5	/	/	SYM
arjefm-1194	5	6	08168097651	08168097651	NUM
arjefm-1194	5	7	/	/	SYM
arjefm-1194	5	8	+15066398890	+15066398890	ADJ
arjefm-1194	5	9	doi	doi	NOUN
arjefm-1194	5	10	:	:	PUNCT
arjefm-1194	5	11	https://doi.org/10.5281/zenodo.15296429	https://doi.org/10.5281/zenodo.15296429	ADJ
arjefm-1194	5	12	abstract	abstract	NOUN
arjefm-1194	5	13	:	:	PUNCT
arjefm-1194	5	14	this	this	DET
arjefm-1194	5	15	study	study	NOUN
arjefm-1194	5	16	examined	examine	VERB
arjefm-1194	5	17	the	the	DET
arjefm-1194	5	18	relationship	relationship	NOUN
arjefm-1194	5	19	between	between	ADP
arjefm-1194	5	20	venture	venture	NOUN
arjefm-1194	5	21	capital	capital	NOUN
arjefm-1194	5	22	financing	financing	NOUN
arjefm-1194	5	23	(	(	PUNCT
arjefm-1194	5	24	vcf	vcf	NOUN
arjefm-1194	5	25	)	)	PUNCT
arjefm-1194	5	26	and	and	CCONJ
arjefm-1194	5	27	performance	performance	NOUN
arjefm-1194	5	28	of	of	ADP
arjefm-1194	5	29	small	small	ADJ
arjefm-1194	5	30	and	and	CCONJ
arjefm-1194	5	31	medium	medium	ADJ
arjefm-1194	5	32	-	-	PUNCT
arjefm-1194	5	33	scale	scale	NOUN
arjefm-1194	5	34	enterprises	enterprise	NOUN
arjefm-1194	5	35	(	(	PUNCT
arjefm-1194	5	36	smes	sme	NOUN
arjefm-1194	5	37	)	)	PUNCT
arjefm-1194	5	38	in	in	ADP
arjefm-1194	5	39	nigeria	nigeria	PRON
arjefm-1194	5	40	from	from	ADP
arjefm-1194	5	41	2011	2011	NUM
arjefm-1194	5	42	to	to	ADP
arjefm-1194	5	43	2023	2023	NUM
arjefm-1194	5	44	.	.	PUNCT
arjefm-1194	6	1	the	the	DET
arjefm-1194	6	2	study	study	NOUN
arjefm-1194	6	3	used	use	VERB
arjefm-1194	6	4	smes	sme	NOUN
arjefm-1194	6	5	profitability	profitability	NOUN
arjefm-1194	6	6	,	,	PUNCT
arjefm-1194	6	7	job	job	NOUN
arjefm-1194	6	8	creation	creation	NOUN
arjefm-1194	6	9	of	of	ADP
arjefm-1194	6	10	smes	sme	NOUN
arjefm-1194	6	11	and	and	CCONJ
arjefm-1194	6	12	the	the	DET
arjefm-1194	6	13	number	number	NOUN
arjefm-1194	6	14	of	of	ADP
arjefm-1194	6	15	smes	sme	NOUN
arjefm-1194	6	16	to	to	ADP
arjefm-1194	6	17	proxy	proxy	ADJ
arjefm-1194	6	18	performance	performance	NOUN
arjefm-1194	6	19	of	of	ADP
arjefm-1194	6	20	sme	sme	NOUN
arjefm-1194	6	21	’s	’s	PART
arjefm-1194	6	22	.	.	PUNCT
arjefm-1194	7	1	the	the	DET
arjefm-1194	7	2	relevant	relevant	ADJ
arjefm-1194	7	3	data	datum	NOUN
arjefm-1194	7	4	was	be	AUX
arjefm-1194	7	5	sourced	source	VERB
arjefm-1194	7	6	from	from	ADP
arjefm-1194	7	7	central	central	ADJ
arjefm-1194	7	8	bank	bank	PROPN
arjefm-1194	7	9	of	of	ADP
arjefm-1194	7	10	nigeria	nigeria	PROPN
arjefm-1194	7	11	(	(	PUNCT
arjefm-1194	7	12	cbn	cbn	PROPN
arjefm-1194	7	13	)	)	PUNCT
arjefm-1194	7	14	statistical	statistical	ADJ
arjefm-1194	7	15	bulletin	bulletin	NOUN
arjefm-1194	7	16	and	and	CCONJ
arjefm-1194	7	17	world	world	NOUN
arjefm-1194	7	18	bank	bank	NOUN
arjefm-1194	7	19	database	database	NOUN
arjefm-1194	7	20	and	and	CCONJ
arjefm-1194	7	21	analysed	analyse	VERB
arjefm-1194	7	22	using	use	VERB
arjefm-1194	7	23	unit	unit	NOUN
arjefm-1194	7	24	root	root	NOUN
arjefm-1194	7	25	test	test	NOUN
arjefm-1194	7	26	and	and	CCONJ
arjefm-1194	7	27	least	least	ADJ
arjefm-1194	7	28	square	square	ADJ
arjefm-1194	7	29	regression	regression	NOUN
arjefm-1194	7	30	.	.	PUNCT
arjefm-1194	8	1	the	the	DET
arjefm-1194	8	2	result	result	NOUN
arjefm-1194	8	3	revealed	reveal	VERB
arjefm-1194	8	4	that	that	SCONJ
arjefm-1194	8	5	smes	sme	NOUN
arjefm-1194	8	6	profitability	profitability	NOUN
arjefm-1194	8	7	and	and	CCONJ
arjefm-1194	8	8	number	number	NOUN
arjefm-1194	8	9	of	of	ADP
arjefm-1194	8	10	sme	sme	PROPN
arjefm-1194	8	11	’s	’s	PART
arjefm-1194	8	12	,	,	PUNCT
arjefm-1194	8	13	exhibit	exhibit	VERB
arjefm-1194	8	14	significant	significant	ADJ
arjefm-1194	8	15	relationship	relationship	NOUN
arjefm-1194	8	16	with	with	ADP
arjefm-1194	8	17	venture	venture	NOUN
arjefm-1194	8	18	capital	capital	NOUN
arjefm-1194	8	19	financing	financing	NOUN
arjefm-1194	8	20	,	,	PUNCT
arjefm-1194	8	21	while	while	SCONJ
arjefm-1194	8	22	non	non	ADJ
arjefm-1194	8	23	-	-	ADJ
arjefm-1194	8	24	significant	significant	ADJ
arjefm-1194	8	25	relationship	relationship	NOUN
arjefm-1194	8	26	exist	exist	VERB
arjefm-1194	8	27	between	between	ADP
arjefm-1194	8	28	venture	venture	NOUN
arjefm-1194	8	29	capital	capital	NOUN
arjefm-1194	8	30	financing	financing	NOUN
arjefm-1194	8	31	and	and	CCONJ
arjefm-1194	8	32	sme	sme	NOUN
arjefm-1194	8	33	performance	performance	NOUN
arjefm-1194	8	34	in	in	ADP
arjefm-1194	8	35	terms	term	NOUN
arjefm-1194	8	36	of	of	ADP
arjefm-1194	8	37	job	job	NOUN
arjefm-1194	8	38	creation	creation	NOUN
arjefm-1194	8	39	.	.	PUNCT
arjefm-1194	9	1	the	the	DET
arjefm-1194	9	2	growth	growth	NOUN
arjefm-1194	9	3	in	in	ADP
arjefm-1194	9	4	profitability	profitability	NOUN
arjefm-1194	9	5	and	and	CCONJ
arjefm-1194	9	6	number	number	NOUN
arjefm-1194	9	7	of	of	ADP
arjefm-1194	9	8	sme	sme	NOUN
arjefm-1194	9	9	’s	’s	PART
arjefm-1194	9	10	without	without	ADP
arjefm-1194	9	11	growth	growth	NOUN
arjefm-1194	9	12	in	in	ADP
arjefm-1194	9	13	job	job	NOUN
arjefm-1194	9	14	creation	creation	NOUN
arjefm-1194	9	15	is	be	AUX
arjefm-1194	9	16	viewed	view	VERB
arjefm-1194	9	17	as	as	ADP
arjefm-1194	9	18	lopsided	lopsided	ADJ
arjefm-1194	9	19	growth	growth	NOUN
arjefm-1194	9	20	pattern	pattern	NOUN
arjefm-1194	9	21	.	.	PUNCT
arjefm-1194	10	1	the	the	DET
arjefm-1194	10	2	study	study	NOUN
arjefm-1194	10	3	advocates	advocate	VERB
arjefm-1194	10	4	for	for	ADP
arjefm-1194	10	5	sme	sme	PROPN
arjefm-1194	10	6	’s	’s	PART
arjefm-1194	10	7	extensive	extensive	ADJ
arjefm-1194	10	8	and	and	CCONJ
arjefm-1194	10	9	sustainability	sustainability	NOUN
arjefm-1194	10	10	growth	growth	NOUN
arjefm-1194	10	11	policies	policy	NOUN
arjefm-1194	10	12	from	from	ADP
arjefm-1194	10	13	the	the	DET
arjefm-1194	10	14	federal	federal	ADJ
arjefm-1194	10	15	government	government	NOUN
arjefm-1194	10	16	of	of	ADP
arjefm-1194	10	17	nigeria	nigeria	PROPN
arjefm-1194	10	18	in	in	ADP
arjefm-1194	10	19	order	order	NOUN
arjefm-1194	10	20	to	to	PART
arjefm-1194	10	21	enhance	enhance	VERB
arjefm-1194	10	22	job	job	NOUN
arjefm-1194	10	23	creation	creation	NOUN
arjefm-1194	10	24	among	among	ADP
arjefm-1194	10	25	the	the	DET
arjefm-1194	10	26	sme	sme	NOUN
arjefm-1194	10	27	’s	’s	PART
arjefm-1194	10	28	.	.	PUNCT
arjefm-1194	11	1	keywords	keyword	NOUN
arjefm-1194	11	2	:	:	PUNCT
arjefm-1194	11	3	venture	venture	NOUN
arjefm-1194	11	4	capital	capital	NOUN
arjefm-1194	11	5	financing	financing	NOUN
arjefm-1194	11	6	,	,	PUNCT
arjefm-1194	11	7	sme	sme	PROPN
arjefm-1194	11	8	’s	’s	PART
arjefm-1194	11	9	profitability	profitability	NOUN
arjefm-1194	11	10	,	,	PUNCT
arjefm-1194	11	11	number	number	NOUN
arjefm-1194	11	12	of	of	ADP
arjefm-1194	11	13	sme	sme	PROPN
arjefm-1194	11	14	’s	’s	PART
arjefm-1194	11	15	,	,	PUNCT
arjefm-1194	11	16	job	job	NOUN
arjefm-1194	11	17	creation	creation	NOUN
arjefm-1194	11	18	introduction	introduction	NOUN
arjefm-1194	11	19	the	the	DET
arjefm-1194	11	20	pursuit	pursuit	NOUN
arjefm-1194	11	21	of	of	ADP
arjefm-1194	11	22	long	long	ADJ
arjefm-1194	11	23	-	-	PUNCT
arjefm-1194	11	24	term	term	NOUN
arjefm-1194	11	25	economic	economic	ADJ
arjefm-1194	11	26	growth	growth	NOUN
arjefm-1194	11	27	and	and	CCONJ
arjefm-1194	11	28	development	development	NOUN
arjefm-1194	11	29	has	have	AUX
arjefm-1194	11	30	reemphasized	reemphasize	VERB
arjefm-1194	11	31	the	the	DET
arjefm-1194	11	32	importance	importance	NOUN
arjefm-1194	11	33	of	of	ADP
arjefm-1194	11	34	financial	financial	ADJ
arjefm-1194	11	35	access	access	NOUN
arjefm-1194	11	36	,	,	PUNCT
arjefm-1194	11	37	particularly	particularly	ADV
arjefm-1194	11	38	for	for	ADP
arjefm-1194	11	39	small	small	ADJ
arjefm-1194	11	40	and	and	CCONJ
arjefm-1194	11	41	medium	medium	ADJ
arjefm-1194	11	42	-	-	PUNCT
arjefm-1194	11	43	sized	sized	ADJ
arjefm-1194	11	44	enterprises	enterprise	NOUN
arjefm-1194	11	45	(	(	PUNCT
arjefm-1194	11	46	smes	sme	NOUN
arjefm-1194	11	47	)	)	PUNCT
arjefm-1194	11	48	,	,	PUNCT
arjefm-1194	11	49	which	which	PRON
arjefm-1194	11	50	are	be	AUX
arjefm-1194	11	51	regarded	regard	VERB
arjefm-1194	11	52	as	as	ADP
arjefm-1194	11	53	critical	critical	ADJ
arjefm-1194	11	54	drivers	driver	NOUN
arjefm-1194	11	55	of	of	ADP
arjefm-1194	11	56	economic	economic	ADJ
arjefm-1194	11	57	growth	growth	NOUN
arjefm-1194	11	58	,	,	PUNCT
arjefm-1194	11	59	employment	employment	NOUN
arjefm-1194	11	60	generation	generation	NOUN
arjefm-1194	11	61	,	,	PUNCT
arjefm-1194	11	62	and	and	CCONJ
arjefm-1194	11	63	innovation	innovation	NOUN
arjefm-1194	11	64	in	in	ADP
arjefm-1194	11	65	both	both	CCONJ
arjefm-1194	11	66	developed	developed	ADJ
arjefm-1194	11	67	and	and	CCONJ
arjefm-1194	11	68	developing	develop	VERB
arjefm-1194	11	69	economies	economy	NOUN
arjefm-1194	11	70	small	small	ADJ
arjefm-1194	11	71	and	and	CCONJ
arjefm-1194	11	72	medium	medium	ADJ
arjefm-1194	11	73	scale	scale	NOUN
arjefm-1194	11	74	enterprises	enterprise	NOUN
arjefm-1194	11	75	(	(	PUNCT
arjefm-1194	11	76	smes	sme	NOUN
arjefm-1194	11	77	)	)	PUNCT
arjefm-1194	11	78	are	be	AUX
arjefm-1194	11	79	businesses	business	NOUN
arjefm-1194	11	80	or	or	CCONJ
arjefm-1194	11	81	enterprises	enterprise	NOUN
arjefm-1194	11	82	that	that	PRON
arjefm-1194	11	83	operate	operate	VERB
arjefm-1194	11	84	on	on	ADP
arjefm-1194	11	85	a	a	DET
arjefm-1194	11	86	smaller	small	ADJ
arjefm-1194	11	87	scale	scale	NOUN
arjefm-1194	11	88	,	,	PUNCT
arjefm-1194	11	89	with	with	ADP
arjefm-1194	11	90	limited	limited	ADJ
arjefm-1194	11	91	investment	investment	NOUN
arjefm-1194	11	92	and	and	CCONJ
arjefm-1194	11	93	turnover	turnover	NOUN
arjefm-1194	11	94	(	(	PUNCT
arjefm-1194	11	95	aremu	aremu	PROPN
arjefm-1194	11	96	&	&	CCONJ
arjefm-1194	11	97	adeyemi	adeyemi	ADV
arjefm-1194	11	98	,	,	PUNCT
arjefm-1194	11	99	2011	2011	NUM
arjefm-1194	11	100	)	)	PUNCT
arjefm-1194	11	101	.	.	PUNCT
arjefm-1194	12	1	these	these	DET
arjefm-1194	12	2	enterprises	enterprise	NOUN
arjefm-1194	12	3	typically	typically	ADV
arjefm-1194	12	4	have	have	VERB
arjefm-1194	12	5	fewer	few	ADJ
arjefm-1194	12	6	personnel	personnel	NOUN
arjefm-1194	12	7	and	and	CCONJ
arjefm-1194	12	8	generate	generate	VERB
arjefm-1194	12	9	lower	low	ADJ
arjefm-1194	12	10	revenues	revenue	NOUN
arjefm-1194	12	11	compared	compare	VERB
arjefm-1194	12	12	to	to	ADP
arjefm-1194	12	13	larger	large	ADJ
arjefm-1194	12	14	enterprises	enterprise	NOUN
arjefm-1194	12	15	(	(	PUNCT
arjefm-1194	12	16	organization	organization	NOUN
arjefm-1194	12	17	for	for	ADP
arjefm-1194	12	18	economic	economic	ADJ
arjefm-1194	12	19	cooperation	cooperation	NOUN
arjefm-1194	12	20	and	and	CCONJ
arjefm-1194	12	21	development	development	NOUN
arjefm-1194	12	22	oecd	oecd	PROPN
arjefm-1194	12	23	,	,	PUNCT
arjefm-1194	12	24	2021	2021	NUM
arjefm-1194	12	25	)	)	PUNCT
arjefm-1194	12	26	.	.	PUNCT
arjefm-1194	13	1	as	as	SCONJ
arjefm-1194	13	2	defined	define	VERB
arjefm-1194	13	3	by	by	ADP
arjefm-1194	13	4	cbn	cbn	PROPN
arjefm-1194	13	5	small	small	ADJ
arjefm-1194	13	6	and	and	CCONJ
arjefm-1194	13	7	medium	medium	ADJ
arjefm-1194	13	8	scale	scale	NOUN
arjefm-1194	13	9	enterprise	enterprise	NOUN
arjefm-1194	13	10	is	be	AUX
arjefm-1194	13	11	any	any	DET
arjefm-1194	13	12	enterprise	enterprise	NOUN
arjefm-1194	13	13	with	with	ADP
arjefm-1194	13	14	a	a	DET
arjefm-1194	13	15	maximum	maximum	ADJ
arjefm-1194	13	16	asset	asset	NOUN
arjefm-1194	13	17	base	base	NOUN
arjefm-1194	13	18	of	of	ADP
arjefm-1194	13	19	n500	n500	PROPN
arjefm-1194	13	20	million	million	NUM
arjefm-1194	13	21	(	(	PUNCT
arjefm-1194	13	22	excluding	exclude	VERB
arjefm-1194	13	23	land	land	NOUN
arjefm-1194	13	24	and	and	CCONJ
arjefm-1194	13	25	working	working	NOUN
arjefm-1194	13	26	capital	capital	NOUN
arjefm-1194	13	27	)	)	PUNCT
arjefm-1194	13	28	.	.	PUNCT
arjefm-1194	14	1	this	this	DET
arjefm-1194	14	2	decline	decline	NOUN
arjefm-1194	14	3	has	have	AUX
arjefm-1194	14	4	severely	severely	ADV
arjefm-1194	14	5	impacted	impact	VERB
arjefm-1194	14	6	key	key	ADJ
arjefm-1194	14	7	sectors	sector	NOUN
arjefm-1194	14	8	such	such	ADJ
arjefm-1194	14	9	as	as	ADP
arjefm-1194	14	10	wholesale	wholesale	ADJ
arjefm-1194	14	11	and	and	CCONJ
arjefm-1194	14	12	retail	retail	NOUN
arjefm-1194	14	13	,	,	PUNCT
arjefm-1194	14	14	ict	ict	NOUN
arjefm-1194	14	15	,	,	PUNCT
arjefm-1194	14	16	and	and	CCONJ
arjefm-1194	14	17	manufacturing	manufacturing	NOUN
arjefm-1194	14	18	,	,	PUNCT
arjefm-1194	14	19	affecting	affect	VERB
arjefm-1194	14	20	employment	employment	NOUN
arjefm-1194	14	21	and	and	CCONJ
arjefm-1194	14	22	overall	overall	ADJ
arjefm-1194	14	23	economic	economic	ADJ
arjefm-1194	14	24	growth	growth	NOUN
arjefm-1194	14	25	.	.	PUNCT
arjefm-1194	15	1	(	(	PUNCT
arjefm-1194	15	2	pwc	pwc	NOUN
arjefm-1194	15	3	2020	2020	NUM
arjefm-1194	15	4	)	)	PUNCT
arjefm-1194	16	1	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	PROPN
arjefm-1194	16	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1194	16	3	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-1194	16	4	mailto:ic.amakor@unizik.edu.ng	mailto:ic.amakor@unizik.edu.ng	PROPN
arjefm-1194	16	5	mailto:chimarume@gmail.com	mailto:chimarume@gmail.com	PROPN
arjefm-1194	17	1	american	american	PROPN
arjefm-1194	17	2	research	research	PROPN
arjefm-1194	17	3	journal	journal	PROPN
arjefm-1194	17	4	of	of	ADP
arjefm-1194	17	5	economics	economic	NOUN
arjefm-1194	17	6	,	,	PUNCT
arjefm-1194	17	7	finance	finance	NOUN
arjefm-1194	17	8	and	and	CCONJ
arjefm-1194	17	9	management	management	NOUN
arjefm-1194	17	10	volume	volume	NOUN
arjefm-1194	17	11	13	13	NUM
arjefm-1194	17	12	issue	issue	NOUN
arjefm-1194	17	13	1	1	NUM
arjefm-1194	17	14	,	,	PUNCT
arjefm-1194	17	15	january	january	PROPN
arjefm-1194	17	16	-march	-march	PROPN
arjefm-1194	17	17	2025	2025	NUM
arjefm-1194	17	18	issn	issn	NOUN
arjefm-1194	17	19	:	:	PUNCT
arjefm-1194	17	20	2836	2836	NUM
arjefm-1194	17	21	-	-	SYM
arjefm-1194	17	22	9416	9416	NUM
arjefm-1194	17	23	impact	impact	NOUN
arjefm-1194	17	24	factor	factor	NOUN
arjefm-1194	17	25	:	:	PUNCT
arjefm-1194	17	26	6.41	6.41	NUM
arjefm-1194	17	27	journal	journal	NOUN
arjefm-1194	17	28	homepage	homepage	NOUN
arjefm-1194	17	29	:	:	PUNCT
arjefm-1194	17	30	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1194	17	31	,	,	PUNCT
arjefm-1194	17	32	email	email	NOUN
arjefm-1194	17	33	:	:	PUNCT
arjefm-1194	18	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1194	18	2	official	official	ADJ
arjefm-1194	18	3	journal	journal	PROPN
arjefm-1194	18	4	of	of	ADP
arjefm-1194	18	5	america	america	PROPN
arjefm-1194	18	6	serial	serial	PROPN
arjefm-1194	18	7	publication	publication	NOUN
arjefm-1194	18	8	american	american	PROPN
arjefm-1194	18	9	research	research	PROPN
arjefm-1194	18	10	journal	journal	PROPN
arjefm-1194	18	11	of	of	ADP
arjefm-1194	18	12	economics	economic	NOUN
arjefm-1194	18	13	,	,	PUNCT
arjefm-1194	18	14	finance	finance	NOUN
arjefm-1194	18	15	and	and	CCONJ
arjefm-1194	18	16	management	management	NOUN
arjefm-1194	18	17	https://americaserial.com/journals/index.php/	https://americaserial.com/journals/index.php/	PROPN
arjefm-1194	18	18	arjefm	arjefm	PROPN
arjefm-1194	18	19	,	,	PUNCT
arjefm-1194	18	20	email	email	NOUN
arjefm-1194	18	21	:	:	PUNCT
arjefm-1194	18	22	contact@americaserial.com	contact@americaserial.com	X
arjefm-1194	19	1	213	213	NUM
arjefm-1194	19	2	|	|	ADV
arjefm-1194	19	3	p	p	NOUN
arjefm-1194	19	4	a	a	DET
arjefm-1194	19	5	g	g	NOUN
arjefm-1194	19	6	e	e	NOUN
arjefm-1194	19	7	small	small	ADJ
arjefm-1194	19	8	and	and	CCONJ
arjefm-1194	19	9	medium	medium	ADJ
arjefm-1194	19	10	scale	scale	NOUN
arjefm-1194	19	11	enterprises	enterprise	NOUN
arjefm-1194	19	12	are	be	AUX
arjefm-1194	19	13	considered	consider	VERB
arjefm-1194	19	14	to	to	PART
arjefm-1194	19	15	be	be	AUX
arjefm-1194	19	16	one	one	NUM
arjefm-1194	19	17	of	of	ADP
arjefm-1194	19	18	the	the	DET
arjefm-1194	19	19	principal	principal	ADJ
arjefm-1194	19	20	driving	drive	VERB
arjefm-1194	19	21	forces	force	NOUN
arjefm-1194	19	22	in	in	ADP
arjefm-1194	19	23	economic	economic	ADJ
arjefm-1194	19	24	development	development	NOUN
arjefm-1194	19	25	of	of	ADP
arjefm-1194	19	26	both	both	DET
arjefm-1194	19	27	developed	developed	ADJ
arjefm-1194	19	28	and	and	CCONJ
arjefm-1194	19	29	developing	develop	VERB
arjefm-1194	19	30	nations	nation	NOUN
arjefm-1194	19	31	,	,	PUNCT
arjefm-1194	19	32	as	as	SCONJ
arjefm-1194	19	33	they	they	PRON
arjefm-1194	19	34	generate	generate	VERB
arjefm-1194	19	35	employment	employment	NOUN
arjefm-1194	19	36	,	,	PUNCT
arjefm-1194	19	37	help	help	VERB
arjefm-1194	19	38	in	in	ADP
arjefm-1194	19	39	diversifying	diversify	VERB
arjefm-1194	19	40	the	the	DET
arjefm-1194	19	41	economic	economic	ADJ
arjefm-1194	19	42	activity	activity	NOUN
arjefm-1194	19	43	and	and	CCONJ
arjefm-1194	19	44	makes	make	VERB
arjefm-1194	19	45	a	a	DET
arjefm-1194	19	46	significant	significant	ADJ
arjefm-1194	19	47	contribution	contribution	NOUN
arjefm-1194	19	48	to	to	PART
arjefm-1194	19	49	export	export	VERB
arjefm-1194	19	50	trade	trade	NOUN
arjefm-1194	19	51	through	through	ADP
arjefm-1194	19	52	utilization	utilization	NOUN
arjefm-1194	19	53	of	of	ADP
arjefm-1194	19	54	locally	locally	ADV
arjefm-1194	19	55	available	available	ADJ
arjefm-1194	19	56	resources	resource	NOUN
arjefm-1194	19	57	,	,	PUNCT
arjefm-1194	19	58	absorbing	absorb	VERB
arjefm-1194	19	59	labour	labour	NOUN
arjefm-1194	19	60	,	,	PUNCT
arjefm-1194	19	61	penetrating	penetrate	VERB
arjefm-1194	19	62	new	new	ADJ
arjefm-1194	19	63	market	market	NOUN
arjefm-1194	19	64	and	and	CCONJ
arjefm-1194	19	65	generally	generally	ADV
arjefm-1194	19	66	expanding	expand	VERB
arjefm-1194	19	67	the	the	DET
arjefm-1194	19	68	economy	economy	NOUN
arjefm-1194	19	69	in	in	ADP
arjefm-1194	19	70	creative	creative	ADJ
arjefm-1194	19	71	and	and	CCONJ
arjefm-1194	19	72	innovative	innovative	ADJ
arjefm-1194	19	73	way	way	NOUN
arjefm-1194	19	74	(	(	PUNCT
arjefm-1194	19	75	usman	usman	PROPN
arjefm-1194	19	76	,	,	PUNCT
arjefm-1194	19	77	isah	isah	PROPN
arjefm-1194	19	78	&	&	CCONJ
arjefm-1194	19	79	tanko	tanko	PROPN
arjefm-1194	19	80	,	,	PUNCT
arjefm-1194	19	81	2018	2018	NUM
arjefm-1194	19	82	)	)	PUNCT
arjefm-1194	19	83	.	.	PUNCT
arjefm-1194	20	1	however	however	ADV
arjefm-1194	20	2	,	,	PUNCT
arjefm-1194	20	3	if	if	SCONJ
arjefm-1194	20	4	sme	sme	PROPN
arjefm-1194	20	5	’s	’s	PART
arjefm-1194	20	6	will	will	AUX
arjefm-1194	20	7	remain	remain	VERB
arjefm-1194	20	8	relevant	relevant	ADJ
arjefm-1194	20	9	in	in	ADP
arjefm-1194	20	10	achieving	achieve	VERB
arjefm-1194	20	11	social	social	ADJ
arjefm-1194	20	12	economic	economic	ADJ
arjefm-1194	20	13	development	development	NOUN
arjefm-1194	20	14	in	in	ADP
arjefm-1194	20	15	any	any	DET
arjefm-1194	20	16	economy	economy	NOUN
arjefm-1194	20	17	,	,	PUNCT
arjefm-1194	20	18	they	they	PRON
arjefm-1194	20	19	need	need	VERB
arjefm-1194	20	20	productivity	productivity	NOUN
arjefm-1194	20	21	increase	increase	NOUN
arjefm-1194	20	22	which	which	PRON
arjefm-1194	20	23	can	can	AUX
arjefm-1194	20	24	be	be	AUX
arjefm-1194	20	25	achieved	achieve	VERB
arjefm-1194	20	26	through	through	ADP
arjefm-1194	20	27	financing	financing	NOUN
arjefm-1194	20	28	(	(	PUNCT
arjefm-1194	20	29	akingnnola	akingnnola	NOUN
arjefm-1194	20	30	,	,	PUNCT
arjefm-1194	20	31	2011	2011	NUM
arjefm-1194	20	32	)	)	PUNCT
arjefm-1194	20	33	.	.	PUNCT
arjefm-1194	21	1	nevertheless	nevertheless	ADV
arjefm-1194	21	2	,	,	PUNCT
arjefm-1194	21	3	one	one	NUM
arjefm-1194	21	4	of	of	ADP
arjefm-1194	21	5	the	the	DET
arjefm-1194	21	6	major	major	ADJ
arjefm-1194	21	7	challenges	challenge	NOUN
arjefm-1194	21	8	faced	face	VERB
arjefm-1194	21	9	by	by	ADP
arjefm-1194	21	10	the	the	DET
arjefm-1194	21	11	sme	sme	PROPN
arjefm-1194	21	12	’s	’s	X
arjefm-1194	21	13	in	in	ADP
arjefm-1194	21	14	nigeria	nigeria	PROPN
arjefm-1194	21	15	is	be	AUX
arjefm-1194	21	16	inadequate	inadequate	ADJ
arjefm-1194	21	17	funding	funding	NOUN
arjefm-1194	21	18	,	,	PUNCT
arjefm-1194	21	19	characterized	characterize	VERB
arjefm-1194	21	20	by	by	ADP
arjefm-1194	21	21	their	their	PRON
arjefm-1194	21	22	inability	inability	NOUN
arjefm-1194	21	23	to	to	PART
arjefm-1194	21	24	access	access	VERB
arjefm-1194	21	25	credit	credit	NOUN
arjefm-1194	21	26	from	from	ADP
arjefm-1194	21	27	many	many	ADJ
arjefm-1194	21	28	financial	financial	ADJ
arjefm-1194	21	29	institutions	institution	NOUN
arjefm-1194	21	30	due	due	ADP
arjefm-1194	21	31	to	to	ADP
arjefm-1194	21	32	their	their	PRON
arjefm-1194	21	33	stringent	stringent	ADJ
arjefm-1194	21	34	lending	lending	NOUN
arjefm-1194	21	35	policies	policy	NOUN
arjefm-1194	21	36	,	,	PUNCT
arjefm-1194	21	37	making	make	VERB
arjefm-1194	21	38	most	most	ADJ
arjefm-1194	21	39	of	of	ADP
arjefm-1194	21	40	them	they	PRON
arjefm-1194	21	41	to	to	PART
arjefm-1194	21	42	rely	rely	VERB
arjefm-1194	21	43	on	on	ADP
arjefm-1194	21	44	their	their	PRON
arjefm-1194	21	45	retained	retain	VERB
arjefm-1194	21	46	earnings	earning	NOUN
arjefm-1194	21	47	for	for	ADP
arjefm-1194	21	48	their	their	PRON
arjefm-1194	21	49	investment	investment	NOUN
arjefm-1194	21	50	,	,	PUNCT
arjefm-1194	21	51	hence	hence	ADV
arjefm-1194	21	52	difficult	difficult	ADJ
arjefm-1194	21	53	to	to	PART
arjefm-1194	21	54	achieve	achieve	VERB
arjefm-1194	21	55	growth	growth	NOUN
arjefm-1194	21	56	and	and	CCONJ
arjefm-1194	21	57	sustainable	sustainable	ADJ
arjefm-1194	21	58	development	development	NOUN
arjefm-1194	21	59	(	(	PUNCT
arjefm-1194	21	60	mboto	mboto	NOUN
arjefm-1194	21	61	,	,	PUNCT
arjefm-1194	21	62	offiong	offiong	NOUN
arjefm-1194	21	63	and	and	CCONJ
arjefm-1194	21	64	udoka	udoka	VERB
arjefm-1194	21	65	2018	2018	NUM
arjefm-1194	21	66	)	)	PUNCT
arjefm-1194	21	67	.	.	PUNCT
arjefm-1194	22	1	to	to	ADP
arjefm-1194	22	2	that	that	DET
arjefm-1194	22	3	effect	effect	NOUN
arjefm-1194	22	4	,	,	PUNCT
arjefm-1194	22	5	venture	venture	NOUN
arjefm-1194	22	6	capital	capital	NOUN
arjefm-1194	22	7	finance	finance	NOUN
arjefm-1194	22	8	has	have	AUX
arjefm-1194	22	9	emerged	emerge	VERB
arjefm-1194	22	10	as	as	ADP
arjefm-1194	22	11	a	a	DET
arjefm-1194	22	12	crucial	crucial	ADJ
arjefm-1194	22	13	source	source	NOUN
arjefm-1194	22	14	of	of	ADP
arjefm-1194	22	15	funding	funding	NOUN
arjefm-1194	22	16	for	for	ADP
arjefm-1194	22	17	smes	sme	NOUN
arjefm-1194	22	18	,	,	PUNCT
arjefm-1194	22	19	allowing	allow	VERB
arjefm-1194	22	20	them	they	PRON
arjefm-1194	22	21	to	to	PART
arjefm-1194	22	22	innovate	innovate	VERB
arjefm-1194	22	23	,	,	PUNCT
arjefm-1194	22	24	grow	grow	VERB
arjefm-1194	22	25	,	,	PUNCT
arjefm-1194	22	26	and	and	CCONJ
arjefm-1194	22	27	compete	compete	VERB
arjefm-1194	22	28	in	in	ADP
arjefm-1194	22	29	a	a	DET
arjefm-1194	22	30	more	more	ADV
arjefm-1194	22	31	globalized	globalized	ADJ
arjefm-1194	22	32	environment	environment	NOUN
arjefm-1194	22	33	.	.	PUNCT
arjefm-1194	23	1	venture	venture	NOUN
arjefm-1194	23	2	capital	capital	NOUN
arjefm-1194	23	3	financing	financing	NOUN
arjefm-1194	23	4	are	be	AUX
arjefm-1194	23	5	capital	capital	NOUN
arjefm-1194	23	6	provided	provide	VERB
arjefm-1194	23	7	by	by	ADP
arjefm-1194	23	8	firms	firm	NOUN
arjefm-1194	23	9	who	who	PRON
arjefm-1194	23	10	invest	invest	VERB
arjefm-1194	23	11	alongside	alongside	ADP
arjefm-1194	23	12	management	management	NOUN
arjefm-1194	23	13	in	in	ADP
arjefm-1194	23	14	young	young	ADJ
arjefm-1194	23	15	companies	company	NOUN
arjefm-1194	23	16	or	or	CCONJ
arjefm-1194	23	17	early	early	ADJ
arjefm-1194	23	18	start	start	VERB
arjefm-1194	23	19	-	-	PUNCT
arjefm-1194	23	20	up	up	ADP
arjefm-1194	23	21	businesses	business	NOUN
arjefm-1194	23	22	that	that	PRON
arjefm-1194	23	23	are	be	AUX
arjefm-1194	23	24	not	not	PART
arjefm-1194	23	25	quoted	quote	VERB
arjefm-1194	23	26	on	on	ADP
arjefm-1194	23	27	the	the	DET
arjefm-1194	23	28	stock	stock	NOUN
arjefm-1194	23	29	market	market	NOUN
arjefm-1194	23	30	in	in	ADP
arjefm-1194	23	31	exchange	exchange	NOUN
arjefm-1194	23	32	for	for	ADP
arjefm-1194	23	33	stock	stock	NOUN
arjefm-1194	23	34	or	or	CCONJ
arjefm-1194	23	35	shares	share	NOUN
arjefm-1194	23	36	in	in	ADP
arjefm-1194	23	37	the	the	DET
arjefm-1194	23	38	future	future	NOUN
arjefm-1194	23	39	(	(	PUNCT
arjefm-1194	23	40	biney	biney	NOUN
arjefm-1194	23	41	2018	2018	NUM
arjefm-1194	23	42	)	)	PUNCT
arjefm-1194	23	43	.	.	PUNCT
arjefm-1194	24	1	the	the	DET
arjefm-1194	24	2	origins	origin	NOUN
arjefm-1194	24	3	of	of	ADP
arjefm-1194	24	4	venture	venture	NOUN
arjefm-1194	24	5	capital	capital	NOUN
arjefm-1194	24	6	can	can	AUX
arjefm-1194	24	7	be	be	AUX
arjefm-1194	24	8	traced	trace	VERB
arjefm-1194	24	9	back	back	ADV
arjefm-1194	24	10	to	to	ADP
arjefm-1194	24	11	the	the	DET
arjefm-1194	24	12	post	post	ADJ
arjefm-1194	24	13	-	-	ADJ
arjefm-1194	24	14	world	world	ADJ
arjefm-1194	24	15	war	war	PROPN
arjefm-1194	24	16	ii	ii	PROPN
arjefm-1194	24	17	era	era	NOUN
arjefm-1194	24	18	,	,	PUNCT
arjefm-1194	24	19	when	when	SCONJ
arjefm-1194	24	20	investors	investor	NOUN
arjefm-1194	24	21	began	begin	VERB
arjefm-1194	24	22	to	to	PART
arjefm-1194	24	23	realize	realize	VERB
arjefm-1194	24	24	the	the	DET
arjefm-1194	24	25	potential	potential	NOUN
arjefm-1194	24	26	of	of	ADP
arjefm-1194	24	27	funding	fund	VERB
arjefm-1194	24	28	high	high	ADJ
arjefm-1194	24	29	-	-	PUNCT
arjefm-1194	24	30	risk	risk	NOUN
arjefm-1194	24	31	,	,	PUNCT
arjefm-1194	24	32	high	high	ADJ
arjefm-1194	24	33	-	-	PUNCT
arjefm-1194	24	34	reward	reward	NOUN
arjefm-1194	24	35	projects	project	NOUN
arjefm-1194	24	36	(	(	PUNCT
arjefm-1194	24	37	daramela	daramela	NOUN
arjefm-1194	24	38	,	,	PUNCT
arjefm-1194	24	39	2012	2012	NUM
arjefm-1194	24	40	)	)	PUNCT
arjefm-1194	24	41	.	.	PUNCT
arjefm-1194	25	1	the	the	DET
arjefm-1194	25	2	first	first	ADJ
arjefm-1194	25	3	vc	vc	PROPN
arjefm-1194	25	4	firm	firm	ADJ
arjefm-1194	25	5	,	,	PUNCT
arjefm-1194	25	6	american	american	ADJ
arjefm-1194	25	7	research	research	PROPN
arjefm-1194	25	8	and	and	CCONJ
arjefm-1194	25	9	development	development	NOUN
arjefm-1194	25	10	corporation	corporation	NOUN
arjefm-1194	25	11	(	(	PUNCT
arjefm-1194	25	12	ardc	ardc	NOUN
arjefm-1194	25	13	)	)	PUNCT
arjefm-1194	25	14	was	be	AUX
arjefm-1194	25	15	founded	found	VERB
arjefm-1194	25	16	in	in	ADP
arjefm-1194	25	17	1946	1946	NUM
arjefm-1194	25	18	by	by	ADP
arjefm-1194	25	19	georges	george	NOUN
arjefm-1194	25	20	doriot	doriot	PROPN
arjefm-1194	25	21	.	.	PUNCT
arjefm-1194	26	1	ardc	ardc	PROPN
arjefm-1194	26	2	’s	’s	PART
arjefm-1194	26	3	most	most	ADV
arjefm-1194	26	4	notable	notable	ADJ
arjefm-1194	26	5	investment	investment	NOUN
arjefm-1194	26	6	was	be	AUX
arjefm-1194	26	7	in	in	ADP
arjefm-1194	26	8	digital	digital	ADJ
arjefm-1194	26	9	equipment	equipment	NOUN
arjefm-1194	26	10	corporation	corporation	NOUN
arjefm-1194	26	11	,	,	PUNCT
arjefm-1194	26	12	which	which	PRON
arjefm-1194	26	13	provided	provide	VERB
arjefm-1194	26	14	a	a	DET
arjefm-1194	26	15	massive	massive	ADJ
arjefm-1194	26	16	return	return	NOUN
arjefm-1194	26	17	on	on	ADP
arjefm-1194	26	18	investment	investment	NOUN
arjefm-1194	26	19	and	and	CCONJ
arjefm-1194	26	20	helped	help	VERB
arjefm-1194	26	21	establish	establish	VERB
arjefm-1194	26	22	the	the	DET
arjefm-1194	26	23	potential	potential	NOUN
arjefm-1194	26	24	of	of	ADP
arjefm-1194	26	25	vc	vc	PROPN
arjefm-1194	26	26	funding	funding	NOUN
arjefm-1194	26	27	(	(	PUNCT
arjefm-1194	26	28	mike	mike	PROPN
arjefm-1194	26	29	mc	mc	PROPN
arjefm-1194	26	30	peak	peak	PROPN
arjefm-1194	26	31	2023	2023	NUM
arjefm-1194	26	32	)	)	PUNCT
arjefm-1194	26	33	.	.	PUNCT
arjefm-1194	27	1	these	these	DET
arjefm-1194	27	2	institutions	institution	NOUN
arjefm-1194	27	3	are	be	AUX
arjefm-1194	27	4	designed	design	VERB
arjefm-1194	27	5	to	to	PART
arjefm-1194	27	6	provide	provide	VERB
arjefm-1194	27	7	medium	medium	ADJ
arjefm-1194	27	8	and	and	CCONJ
arjefm-1194	27	9	long	long	ADJ
arjefm-1194	27	10	term	term	NOUN
arjefm-1194	27	11	financing	financing	NOUN
arjefm-1194	27	12	,	,	PUNCT
arjefm-1194	27	13	with	with	ADP
arjefm-1194	27	14	provision	provision	NOUN
arjefm-1194	27	15	of	of	ADP
arjefm-1194	27	16	technical	technical	ADJ
arjefm-1194	27	17	and	and	CCONJ
arjefm-1194	27	18	managerial	managerial	ADJ
arjefm-1194	27	19	services	service	NOUN
arjefm-1194	27	20	,	,	PUNCT
arjefm-1194	27	21	in	in	ADP
arjefm-1194	27	22	addition	addition	NOUN
arjefm-1194	27	23	to	to	ADP
arjefm-1194	27	24	monitoring	monitor	VERB
arjefm-1194	27	25	effectively	effectively	ADV
arjefm-1194	27	26	the	the	DET
arjefm-1194	27	27	progress	progress	NOUN
arjefm-1194	27	28	of	of	ADP
arjefm-1194	27	29	the	the	DET
arjefm-1194	27	30	investee	investee	NOUN
arjefm-1194	27	31	firms	firm	NOUN
arjefm-1194	27	32	(	(	PUNCT
arjefm-1194	27	33	effiom	effiom	PROPN
arjefm-1194	27	34	&	&	CCONJ
arjefm-1194	27	35	edet	edet	NOUN
arjefm-1194	27	36	,	,	PUNCT
arjefm-1194	27	37	2018	2018	NUM
arjefm-1194	27	38	)	)	PUNCT
arjefm-1194	27	39	.	.	PUNCT
arjefm-1194	28	1	if	if	SCONJ
arjefm-1194	28	2	properly	properly	ADV
arjefm-1194	28	3	managed	manage	VERB
arjefm-1194	28	4	,	,	PUNCT
arjefm-1194	28	5	venture	venture	NOUN
arjefm-1194	28	6	capital	capital	NOUN
arjefm-1194	28	7	has	have	VERB
arjefm-1194	28	8	the	the	DET
arjefm-1194	28	9	tendency	tendency	NOUN
arjefm-1194	28	10	to	to	PART
arjefm-1194	28	11	encourage	encourage	VERB
arjefm-1194	28	12	entrepreneurship	entrepreneurship	NOUN
arjefm-1194	28	13	,	,	PUNCT
arjefm-1194	28	14	job	job	NOUN
arjefm-1194	28	15	creation	creation	NOUN
arjefm-1194	28	16	,	,	PUNCT
arjefm-1194	28	17	and	and	CCONJ
arjefm-1194	28	18	diversification	diversification	NOUN
arjefm-1194	28	19	of	of	ADP
arjefm-1194	28	20	the	the	DET
arjefm-1194	28	21	economy	economy	NOUN
arjefm-1194	28	22	(	(	PUNCT
arjefm-1194	28	23	nigeria	nigeria	PROPN
arjefm-1194	28	24	corporate	corporate	ADJ
arjefm-1194	28	25	finance	finance	NOUN
arjefm-1194	28	26	,	,	PUNCT
arjefm-1194	28	27	2024	2024	NUM
arjefm-1194	28	28	)	)	PUNCT
arjefm-1194	28	29	.	.	PUNCT
arjefm-1194	29	1	though	though	SCONJ
arjefm-1194	29	2	the	the	DET
arjefm-1194	29	3	role	role	NOUN
arjefm-1194	29	4	of	of	ADP
arjefm-1194	29	5	vcs	vcs	PROPN
arjefm-1194	29	6	is	be	AUX
arjefm-1194	29	7	well	well	ADV
arjefm-1194	29	8	documented	document	VERB
arjefm-1194	29	9	in	in	ADP
arjefm-1194	29	10	western	western	ADJ
arjefm-1194	29	11	developed	develop	VERB
arjefm-1194	29	12	economies	economy	NOUN
arjefm-1194	29	13	,	,	PUNCT
arjefm-1194	29	14	limited	limited	ADJ
arjefm-1194	29	15	attention	attention	NOUN
arjefm-1194	29	16	has	have	AUX
arjefm-1194	29	17	been	be	AUX
arjefm-1194	29	18	paid	pay	VERB
arjefm-1194	29	19	to	to	ADP
arjefm-1194	29	20	it	it	PRON
arjefm-1194	29	21	by	by	ADP
arjefm-1194	29	22	smes	sme	NOUN
arjefm-1194	29	23	in	in	ADP
arjefm-1194	29	24	emerging	emerge	VERB
arjefm-1194	29	25	markets	market	NOUN
arjefm-1194	29	26	like	like	ADP
arjefm-1194	29	27	nigeria	nigeria	PROPN
arjefm-1194	29	28	(	(	PUNCT
arjefm-1194	29	29	jiang	jiang	PROPN
arjefm-1194	29	30	et	et	PROPN
arjefm-1194	29	31	al	al	PROPN
arjefm-1194	29	32	,	,	PUNCT
arjefm-1194	29	33	2014	2014	NUM
arjefm-1194	29	34	)	)	PUNCT
arjefm-1194	29	35	,	,	PUNCT
arjefm-1194	29	36	thus	thus	ADV
arjefm-1194	29	37	the	the	DET
arjefm-1194	29	38	need	need	NOUN
arjefm-1194	29	39	for	for	ADP
arjefm-1194	29	40	this	this	DET
arjefm-1194	29	41	study	study	NOUN
arjefm-1194	29	42	.	.	PUNCT
arjefm-1194	30	1	again	again	ADV
arjefm-1194	30	2	,	,	PUNCT
arjefm-1194	30	3	previously	previously	ADV
arjefm-1194	30	4	,	,	PUNCT
arjefm-1194	30	5	researchers	researcher	NOUN
arjefm-1194	30	6	like	like	ADP
arjefm-1194	30	7	ojo	ojo	NOUN
arjefm-1194	30	8	and	and	CCONJ
arjefm-1194	30	9	adegboye	adegboye	NOUN
arjefm-1194	30	10	(	(	PUNCT
arjefm-1194	30	11	2020	2020	NUM
arjefm-1194	30	12	)	)	PUNCT
arjefm-1194	30	13	focus	focus	VERB
arjefm-1194	30	14	primarily	primarily	ADV
arjefm-1194	30	15	on	on	ADP
arjefm-1194	30	16	the	the	DET
arjefm-1194	30	17	financial	financial	ADJ
arjefm-1194	30	18	benefits	benefit	NOUN
arjefm-1194	30	19	of	of	ADP
arjefm-1194	30	20	venture	venture	NOUN
arjefm-1194	30	21	capital	capital	NOUN
arjefm-1194	30	22	investments	investment	NOUN
arjefm-1194	30	23	,	,	PUNCT
arjefm-1194	30	24	while	while	SCONJ
arjefm-1194	30	25	eniola	eniola	PROPN
arjefm-1194	30	26	(	(	PUNCT
arjefm-1194	30	27	2021	2021	NUM
arjefm-1194	30	28	)	)	PUNCT
arjefm-1194	30	29	considers	consider	VERB
arjefm-1194	30	30	the	the	DET
arjefm-1194	30	31	role	role	NOUN
arjefm-1194	30	32	of	of	ADP
arjefm-1194	30	33	vc	vc	PROPN
arjefm-1194	30	34	in	in	ADP
arjefm-1194	30	35	providing	provide	VERB
arjefm-1194	30	36	financial	financial	ADJ
arjefm-1194	30	37	backing	backing	NOUN
arjefm-1194	30	38	to	to	ADP
arjefm-1194	30	39	smes	sme	NOUN
arjefm-1194	30	40	,	,	PUNCT
arjefm-1194	30	41	without	without	ADP
arjefm-1194	30	42	thoroughly	thoroughly	ADV
arjefm-1194	30	43	investigating	investigate	VERB
arjefm-1194	30	44	its	its	PRON
arjefm-1194	30	45	impact	impact	NOUN
arjefm-1194	30	46	on	on	ADP
arjefm-1194	30	47	job	job	NOUN
arjefm-1194	30	48	creation	creation	NOUN
arjefm-1194	30	49	,	,	PUNCT
arjefm-1194	30	50	and	and	CCONJ
arjefm-1194	30	51	operational	operational	ADJ
arjefm-1194	30	52	sustainability	sustainability	NOUN
arjefm-1194	30	53	and	and	CCONJ
arjefm-1194	30	54	profitability	profitability	NOUN
arjefm-1194	30	55	.	.	PUNCT
arjefm-1194	31	1	thus	thus	ADV
arjefm-1194	31	2	,	,	PUNCT
arjefm-1194	31	3	this	this	DET
arjefm-1194	31	4	study	study	NOUN
arjefm-1194	31	5	seeks	seek	VERB
arjefm-1194	31	6	to	to	PART
arjefm-1194	31	7	fill	fill	VERB
arjefm-1194	31	8	these	these	DET
arjefm-1194	31	9	gaps	gap	NOUN
arjefm-1194	31	10	by	by	ADP
arjefm-1194	31	11	ascertaining	ascertain	VERB
arjefm-1194	31	12	the	the	DET
arjefm-1194	31	13	effect	effect	NOUN
arjefm-1194	31	14	of	of	ADP
arjefm-1194	31	15	venture	venture	NOUN
arjefm-1194	31	16	capital	capital	NOUN
arjefm-1194	31	17	financing	financing	NOUN
arjefm-1194	31	18	on	on	ADP
arjefm-1194	31	19	smes	sme	NOUN
arjefm-1194	31	20	profitability	profitability	NOUN
arjefm-1194	31	21	,	,	PUNCT
arjefm-1194	31	22	examining	examine	VERB
arjefm-1194	31	23	the	the	DET
arjefm-1194	31	24	effect	effect	NOUN
arjefm-1194	31	25	venture	venture	NOUN
arjefm-1194	31	26	capital	capital	NOUN
arjefm-1194	31	27	financing	financing	NOUN
arjefm-1194	31	28	on	on	ADP
arjefm-1194	31	29	job	job	NOUN
arjefm-1194	31	30	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	PROPN
arjefm-1194	31	31	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1194	31	32	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1194	31	33	american	american	PROPN
arjefm-1194	31	34	research	research	PROPN
arjefm-1194	31	35	journal	journal	PROPN
arjefm-1194	31	36	of	of	ADP
arjefm-1194	31	37	economics	economic	NOUN
arjefm-1194	31	38	,	,	PUNCT
arjefm-1194	31	39	finance	finance	NOUN
arjefm-1194	31	40	and	and	CCONJ
arjefm-1194	31	41	management	management	NOUN
arjefm-1194	31	42	volume	volume	NOUN
arjefm-1194	31	43	13	13	NUM
arjefm-1194	31	44	issue	issue	NOUN
arjefm-1194	31	45	1	1	NUM
arjefm-1194	31	46	,	,	PUNCT
arjefm-1194	31	47	january	january	PROPN
arjefm-1194	31	48	-march	-march	PROPN
arjefm-1194	31	49	2025	2025	NUM
arjefm-1194	31	50	issn	issn	NOUN
arjefm-1194	31	51	:	:	PUNCT
arjefm-1194	31	52	2836	2836	NUM
arjefm-1194	31	53	-	-	SYM
arjefm-1194	31	54	9416	9416	NUM
arjefm-1194	31	55	impact	impact	NOUN
arjefm-1194	31	56	factor	factor	NOUN
arjefm-1194	31	57	:	:	PUNCT
arjefm-1194	31	58	6.41	6.41	NUM
arjefm-1194	31	59	journal	journal	NOUN
arjefm-1194	31	60	homepage	homepage	NOUN
arjefm-1194	31	61	:	:	PUNCT
arjefm-1194	31	62	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1194	31	63	,	,	PUNCT
arjefm-1194	31	64	email	email	NOUN
arjefm-1194	31	65	:	:	PUNCT
arjefm-1194	31	66	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1194	31	67	official	official	ADJ
arjefm-1194	31	68	journal	journal	PROPN
arjefm-1194	31	69	of	of	ADP
arjefm-1194	31	70	america	america	PROPN
arjefm-1194	31	71	serial	serial	PROPN
arjefm-1194	31	72	publication	publication	NOUN
arjefm-1194	31	73	american	american	PROPN
arjefm-1194	31	74	research	research	PROPN
arjefm-1194	31	75	journal	journal	PROPN
arjefm-1194	31	76	of	of	ADP
arjefm-1194	31	77	economics	economic	NOUN
arjefm-1194	31	78	,	,	PUNCT
arjefm-1194	31	79	finance	finance	NOUN
arjefm-1194	31	80	and	and	CCONJ
arjefm-1194	31	81	management	management	NOUN
arjefm-1194	31	82	https://americaserial.com/journals/index.php/	https://americaserial.com/journals/index.php/	PROPN
arjefm-1194	31	83	arjefm	arjefm	PROPN
arjefm-1194	31	84	,	,	PUNCT
arjefm-1194	31	85	email	email	NOUN
arjefm-1194	31	86	:	:	PUNCT
arjefm-1194	31	87	contact@americaserial.com	contact@americaserial.com	X
arjefm-1194	32	1	214	214	NUM
arjefm-1194	33	1	|	|	ADV
arjefm-1194	33	2	p	p	X
arjefm-1194	33	3	a	a	DET
arjefm-1194	33	4	g	g	NOUN
arjefm-1194	33	5	e	e	NOUN
arjefm-1194	33	6	creation	creation	NOUN
arjefm-1194	33	7	of	of	ADP
arjefm-1194	33	8	smes	sme	NOUN
arjefm-1194	33	9	and	and	CCONJ
arjefm-1194	33	10	determining	determine	VERB
arjefm-1194	33	11	the	the	DET
arjefm-1194	33	12	effect	effect	NOUN
arjefm-1194	33	13	of	of	ADP
arjefm-1194	33	14	venture	venture	NOUN
arjefm-1194	33	15	capital	capital	NOUN
arjefm-1194	33	16	financing	financing	NOUN
arjefm-1194	33	17	on	on	ADP
arjefm-1194	33	18	the	the	DET
arjefm-1194	33	19	number	number	NOUN
arjefm-1194	33	20	of	of	ADP
arjefm-1194	33	21	smes	sme	NOUN
arjefm-1194	33	22	in	in	ADP
arjefm-1194	33	23	nigeria	nigeria	PROPN
arjefm-1194	33	24	from	from	ADP
arjefm-1194	33	25	2011	2011	NUM
arjefm-1194	33	26	to	to	ADP
arjefm-1194	33	27	2023	2023	NUM
arjefm-1194	33	28	.	.	PUNCT
arjefm-1194	34	1	review	review	NOUN
arjefm-1194	34	2	of	of	ADP
arjefm-1194	34	3	literature	literature	NOUN
arjefm-1194	34	4	venture	venture	NOUN
arjefm-1194	34	5	capital	capital	NOUN
arjefm-1194	34	6	financing	financing	NOUN
arjefm-1194	34	7	venture	venture	NOUN
arjefm-1194	34	8	capital	capital	NOUN
arjefm-1194	34	9	(	(	PUNCT
arjefm-1194	34	10	vc	vc	NOUN
arjefm-1194	34	11	)	)	PUNCT
arjefm-1194	34	12	financing	financing	NOUN
arjefm-1194	34	13	refers	refer	VERB
arjefm-1194	34	14	to	to	ADP
arjefm-1194	34	15	investment	investment	NOUN
arjefm-1194	34	16	provided	provide	VERB
arjefm-1194	34	17	by	by	ADP
arjefm-1194	34	18	venture	venture	NOUN
arjefm-1194	34	19	capitalists	capitalist	NOUN
arjefm-1194	34	20	to	to	ADP
arjefm-1194	34	21	startups	startup	NOUN
arjefm-1194	34	22	and	and	CCONJ
arjefm-1194	34	23	small	small	ADJ
arjefm-1194	34	24	businesses	business	NOUN
arjefm-1194	34	25	with	with	ADP
arjefm-1194	34	26	high	high	ADJ
arjefm-1194	34	27	growth	growth	NOUN
arjefm-1194	34	28	potential	potential	NOUN
arjefm-1194	34	29	but	but	CCONJ
arjefm-1194	34	30	high	high	ADJ
arjefm-1194	34	31	risk	risk	NOUN
arjefm-1194	34	32	.	.	PUNCT
arjefm-1194	35	1	venture	venture	NOUN
arjefm-1194	35	2	capitalists	capitalist	NOUN
arjefm-1194	35	3	typically	typically	ADV
arjefm-1194	35	4	provide	provide	VERB
arjefm-1194	35	5	funding	funding	NOUN
arjefm-1194	35	6	in	in	ADP
arjefm-1194	35	7	exchange	exchange	NOUN
arjefm-1194	35	8	for	for	ADP
arjefm-1194	35	9	equity	equity	NOUN
arjefm-1194	35	10	in	in	ADP
arjefm-1194	35	11	the	the	DET
arjefm-1194	35	12	company	company	NOUN
arjefm-1194	35	13	,	,	PUNCT
arjefm-1194	35	14	offering	offer	VERB
arjefm-1194	35	15	not	not	PART
arjefm-1194	35	16	only	only	ADV
arjefm-1194	35	17	financial	financial	ADJ
arjefm-1194	35	18	resources	resource	NOUN
arjefm-1194	35	19	but	but	CCONJ
arjefm-1194	35	20	also	also	ADV
arjefm-1194	35	21	strategic	strategic	ADJ
arjefm-1194	35	22	guidance	guidance	NOUN
arjefm-1194	35	23	and	and	CCONJ
arjefm-1194	35	24	managerial	managerial	ADJ
arjefm-1194	35	25	support	support	NOUN
arjefm-1194	35	26	.	.	PUNCT
arjefm-1194	36	1	this	this	DET
arjefm-1194	36	2	funding	funding	NOUN
arjefm-1194	36	3	is	be	AUX
arjefm-1194	36	4	vital	vital	ADJ
arjefm-1194	36	5	for	for	ADP
arjefm-1194	36	6	startups	startup	NOUN
arjefm-1194	36	7	that	that	PRON
arjefm-1194	36	8	lack	lack	VERB
arjefm-1194	36	9	access	access	NOUN
arjefm-1194	36	10	to	to	ADP
arjefm-1194	36	11	traditional	traditional	ADJ
arjefm-1194	36	12	forms	form	NOUN
arjefm-1194	36	13	of	of	ADP
arjefm-1194	36	14	financing	financing	NOUN
arjefm-1194	36	15	,	,	PUNCT
arjefm-1194	36	16	such	such	ADJ
arjefm-1194	36	17	as	as	ADP
arjefm-1194	36	18	bank	bank	NOUN
arjefm-1194	36	19	loans	loan	NOUN
arjefm-1194	36	20	or	or	CCONJ
arjefm-1194	36	21	public	public	ADJ
arjefm-1194	36	22	equity	equity	NOUN
arjefm-1194	36	23	offerings	offering	NOUN
arjefm-1194	36	24	(	(	PUNCT
arjefm-1194	36	25	davies	davy	NOUN
arjefm-1194	36	26	&	&	CCONJ
arjefm-1194	36	27	king	king	NOUN
arjefm-1194	36	28	,	,	PUNCT
arjefm-1194	36	29	2018	2018	NUM
arjefm-1194	36	30	)	)	PUNCT
arjefm-1194	36	31	.	.	PUNCT
arjefm-1194	37	1	the	the	DET
arjefm-1194	37	2	venture	venture	NOUN
arjefm-1194	37	3	capital	capital	NOUN
arjefm-1194	37	4	process	process	NOUN
arjefm-1194	37	5	generally	generally	ADV
arjefm-1194	37	6	involves	involve	VERB
arjefm-1194	37	7	several	several	ADJ
arjefm-1194	37	8	stages	stage	NOUN
arjefm-1194	37	9	,	,	PUNCT
arjefm-1194	37	10	beginning	begin	VERB
arjefm-1194	37	11	with	with	ADP
arjefm-1194	37	12	seed	seed	NOUN
arjefm-1194	37	13	capital	capital	NOUN
arjefm-1194	37	14	and	and	CCONJ
arjefm-1194	37	15	progressing	progress	VERB
arjefm-1194	37	16	through	through	ADP
arjefm-1194	37	17	early	early	ADJ
arjefm-1194	37	18	-	-	PUNCT
arjefm-1194	37	19	stage	stage	NOUN
arjefm-1194	37	20	and	and	CCONJ
arjefm-1194	37	21	growth	growth	NOUN
arjefm-1194	37	22	-	-	PUNCT
arjefm-1194	37	23	stage	stage	NOUN
arjefm-1194	37	24	investments	investment	NOUN
arjefm-1194	37	25	.	.	PUNCT
arjefm-1194	38	1	seed	seed	NOUN
arjefm-1194	38	2	capital	capital	NOUN
arjefm-1194	38	3	is	be	AUX
arjefm-1194	38	4	the	the	DET
arjefm-1194	38	5	initial	initial	ADJ
arjefm-1194	38	6	funding	funding	NOUN
arjefm-1194	38	7	provided	provide	VERB
arjefm-1194	38	8	to	to	PART
arjefm-1194	38	9	help	help	VERB
arjefm-1194	38	10	startups	startup	NOUN
arjefm-1194	38	11	develop	develop	VERB
arjefm-1194	38	12	their	their	PRON
arjefm-1194	38	13	business	business	NOUN
arjefm-1194	38	14	idea	idea	NOUN
arjefm-1194	38	15	into	into	ADP
arjefm-1194	38	16	a	a	DET
arjefm-1194	38	17	viable	viable	ADJ
arjefm-1194	38	18	product	product	NOUN
arjefm-1194	38	19	or	or	CCONJ
arjefm-1194	38	20	service	service	NOUN
arjefm-1194	38	21	.	.	PUNCT
arjefm-1194	39	1	early	early	ADJ
arjefm-1194	39	2	-	-	PUNCT
arjefm-1194	39	3	stage	stage	NOUN
arjefm-1194	39	4	investments	investment	NOUN
arjefm-1194	39	5	support	support	VERB
arjefm-1194	39	6	companies	company	NOUN
arjefm-1194	39	7	that	that	PRON
arjefm-1194	39	8	have	have	AUX
arjefm-1194	39	9	developed	develop	VERB
arjefm-1194	39	10	a	a	DET
arjefm-1194	39	11	prototype	prototype	NOUN
arjefm-1194	39	12	and	and	CCONJ
arjefm-1194	39	13	are	be	AUX
arjefm-1194	39	14	beginning	begin	VERB
arjefm-1194	39	15	to	to	PART
arjefm-1194	39	16	enter	enter	VERB
arjefm-1194	39	17	the	the	DET
arjefm-1194	39	18	market	market	NOUN
arjefm-1194	39	19	,	,	PUNCT
arjefm-1194	39	20	while	while	SCONJ
arjefm-1194	39	21	growth	growth	NOUN
arjefm-1194	39	22	-	-	PUNCT
arjefm-1194	39	23	stage	stage	NOUN
arjefm-1194	39	24	investments	investment	NOUN
arjefm-1194	39	25	are	be	AUX
arjefm-1194	39	26	intended	intend	VERB
arjefm-1194	39	27	to	to	PART
arjefm-1194	39	28	scale	scale	VERB
arjefm-1194	39	29	operations	operation	NOUN
arjefm-1194	39	30	and	and	CCONJ
arjefm-1194	39	31	expand	expand	VERB
arjefm-1194	39	32	market	market	NOUN
arjefm-1194	39	33	reach	reach	NOUN
arjefm-1194	39	34	(	(	PUNCT
arjefm-1194	39	35	chemmanur	chemmanur	NOUN
arjefm-1194	39	36	&	&	CCONJ
arjefm-1194	39	37	fulghieri	fulghieri	PROPN
arjefm-1194	39	38	,	,	PUNCT
arjefm-1194	39	39	2019	2019	NUM
arjefm-1194	39	40	)	)	PUNCT
arjefm-1194	39	41	.	.	PUNCT
arjefm-1194	40	1	each	each	DET
arjefm-1194	40	2	stage	stage	NOUN
arjefm-1194	40	3	involves	involve	VERB
arjefm-1194	40	4	different	different	ADJ
arjefm-1194	40	5	levels	level	NOUN
arjefm-1194	40	6	of	of	ADP
arjefm-1194	40	7	risk	risk	NOUN
arjefm-1194	40	8	and	and	CCONJ
arjefm-1194	40	9	return	return	NOUN
arjefm-1194	40	10	,	,	PUNCT
arjefm-1194	40	11	with	with	ADP
arjefm-1194	40	12	venture	venture	NOUN
arjefm-1194	40	13	capitalists	capitalist	NOUN
arjefm-1194	40	14	carefully	carefully	ADV
arjefm-1194	40	15	evaluating	evaluate	VERB
arjefm-1194	40	16	potential	potential	ADJ
arjefm-1194	40	17	investments	investment	NOUN
arjefm-1194	40	18	based	base	VERB
arjefm-1194	40	19	on	on	ADP
arjefm-1194	40	20	a	a	DET
arjefm-1194	40	21	company	company	NOUN
arjefm-1194	40	22	's	's	PART
arjefm-1194	40	23	growth	growth	NOUN
arjefm-1194	40	24	prospects	prospect	NOUN
arjefm-1194	40	25	,	,	PUNCT
arjefm-1194	40	26	market	market	NOUN
arjefm-1194	40	27	potential	potential	NOUN
arjefm-1194	40	28	,	,	PUNCT
arjefm-1194	40	29	and	and	CCONJ
arjefm-1194	40	30	management	management	NOUN
arjefm-1194	40	31	team	team	NOUN
arjefm-1194	40	32	(	(	PUNCT
arjefm-1194	40	33	zhang	zhang	PROPN
arjefm-1194	40	34	&	&	CCONJ
arjefm-1194	40	35	jang	jang	PROPN
arjefm-1194	40	36	,	,	PUNCT
arjefm-1194	40	37	2020	2020	NUM
arjefm-1194	40	38	)	)	PUNCT
arjefm-1194	40	39	.	.	PUNCT
arjefm-1194	41	1	one	one	NUM
arjefm-1194	41	2	of	of	ADP
arjefm-1194	41	3	the	the	DET
arjefm-1194	41	4	important	important	ADJ
arjefm-1194	41	5	aspects	aspect	NOUN
arjefm-1194	41	6	of	of	ADP
arjefm-1194	41	7	venture	venture	NOUN
arjefm-1194	41	8	capital	capital	NOUN
arjefm-1194	41	9	financing	financing	NOUN
arjefm-1194	41	10	is	be	AUX
arjefm-1194	41	11	the	the	DET
arjefm-1194	41	12	evaluation	evaluation	NOUN
arjefm-1194	41	13	process	process	NOUN
arjefm-1194	41	14	.	.	PUNCT
arjefm-1194	42	1	venture	venture	NOUN
arjefm-1194	42	2	capitalists	capitalist	NOUN
arjefm-1194	42	3	use	use	VERB
arjefm-1194	42	4	a	a	DET
arjefm-1194	42	5	combination	combination	NOUN
arjefm-1194	42	6	of	of	ADP
arjefm-1194	42	7	quantitative	quantitative	ADJ
arjefm-1194	42	8	and	and	CCONJ
arjefm-1194	42	9	qualitative	qualitative	ADJ
arjefm-1194	42	10	criteria	criterion	NOUN
arjefm-1194	42	11	to	to	PART
arjefm-1194	42	12	assess	assess	VERB
arjefm-1194	42	13	potential	potential	ADJ
arjefm-1194	42	14	investments	investment	NOUN
arjefm-1194	42	15	.	.	PUNCT
arjefm-1194	43	1	financial	financial	ADJ
arjefm-1194	43	2	metrics	metric	NOUN
arjefm-1194	43	3	such	such	ADJ
arjefm-1194	43	4	as	as	ADP
arjefm-1194	43	5	projected	project	VERB
arjefm-1194	43	6	revenue	revenue	NOUN
arjefm-1194	43	7	growth	growth	NOUN
arjefm-1194	43	8	,	,	PUNCT
arjefm-1194	43	9	profit	profit	NOUN
arjefm-1194	43	10	margins	margin	NOUN
arjefm-1194	43	11	,	,	PUNCT
arjefm-1194	43	12	and	and	CCONJ
arjefm-1194	43	13	return	return	VERB
arjefm-1194	43	14	on	on	ADP
arjefm-1194	43	15	investment	investment	NOUN
arjefm-1194	43	16	are	be	AUX
arjefm-1194	43	17	critical	critical	ADJ
arjefm-1194	43	18	factors	factor	NOUN
arjefm-1194	43	19	,	,	PUNCT
arjefm-1194	43	20	but	but	CCONJ
arjefm-1194	43	21	qualitative	qualitative	ADJ
arjefm-1194	43	22	aspects	aspect	NOUN
arjefm-1194	43	23	such	such	ADJ
arjefm-1194	43	24	as	as	ADP
arjefm-1194	43	25	the	the	DET
arjefm-1194	43	26	entrepreneur	entrepreneur	NOUN
arjefm-1194	43	27	's	's	PART
arjefm-1194	43	28	experience	experience	NOUN
arjefm-1194	43	29	,	,	PUNCT
arjefm-1194	43	30	market	market	NOUN
arjefm-1194	43	31	opportunity	opportunity	NOUN
arjefm-1194	43	32	,	,	PUNCT
arjefm-1194	43	33	and	and	CCONJ
arjefm-1194	43	34	competitive	competitive	ADJ
arjefm-1194	43	35	landscape	landscape	NOUN
arjefm-1194	43	36	are	be	AUX
arjefm-1194	43	37	also	also	ADV
arjefm-1194	43	38	significant	significant	ADJ
arjefm-1194	43	39	.	.	PUNCT
arjefm-1194	44	1	this	this	DET
arjefm-1194	44	2	comprehensive	comprehensive	ADJ
arjefm-1194	44	3	evaluation	evaluation	NOUN
arjefm-1194	44	4	helps	help	VERB
arjefm-1194	44	5	venture	venture	NOUN
arjefm-1194	44	6	capitalists	capitalist	NOUN
arjefm-1194	44	7	identify	identify	VERB
arjefm-1194	44	8	promising	promise	VERB
arjefm-1194	44	9	startups	startup	NOUN
arjefm-1194	44	10	with	with	ADP
arjefm-1194	44	11	the	the	DET
arjefm-1194	44	12	potential	potential	NOUN
arjefm-1194	44	13	for	for	ADP
arjefm-1194	44	14	substantial	substantial	ADJ
arjefm-1194	44	15	returns	return	NOUN
arjefm-1194	44	16	(	(	PUNCT
arjefm-1194	44	17	black	black	ADJ
arjefm-1194	44	18	and	and	CCONJ
arjefm-1194	44	19	gilson	gilson	NOUN
arjefm-1194	44	20	,	,	PUNCT
arjefm-1194	44	21	2019	2019	NUM
arjefm-1194	44	22	)	)	PUNCT
arjefm-1194	44	23	.	.	PUNCT
arjefm-1194	45	1	venture	venture	NOUN
arjefm-1194	45	2	capitalists	capitalist	NOUN
arjefm-1194	45	3	often	often	ADV
arjefm-1194	45	4	take	take	VERB
arjefm-1194	45	5	an	an	DET
arjefm-1194	45	6	active	active	ADJ
arjefm-1194	45	7	role	role	NOUN
arjefm-1194	45	8	in	in	ADP
arjefm-1194	45	9	the	the	DET
arjefm-1194	45	10	companies	company	NOUN
arjefm-1194	45	11	they	they	PRON
arjefm-1194	45	12	invest	invest	VERB
arjefm-1194	45	13	in	in	ADP
arjefm-1194	45	14	,	,	PUNCT
arjefm-1194	45	15	providing	provide	VERB
arjefm-1194	45	16	strategic	strategic	ADJ
arjefm-1194	45	17	advice	advice	NOUN
arjefm-1194	45	18	,	,	PUNCT
arjefm-1194	45	19	mentoring	mentoring	NOUN
arjefm-1194	45	20	,	,	PUNCT
arjefm-1194	45	21	and	and	CCONJ
arjefm-1194	45	22	access	access	NOUN
arjefm-1194	45	23	to	to	ADP
arjefm-1194	45	24	their	their	PRON
arjefm-1194	45	25	networks	network	NOUN
arjefm-1194	45	26	.	.	PUNCT
arjefm-1194	46	1	this	this	DET
arjefm-1194	46	2	involvement	involvement	NOUN
arjefm-1194	46	3	can	can	AUX
arjefm-1194	46	4	significantly	significantly	ADV
arjefm-1194	46	5	enhance	enhance	VERB
arjefm-1194	46	6	the	the	DET
arjefm-1194	46	7	likelihood	likelihood	NOUN
arjefm-1194	46	8	of	of	ADP
arjefm-1194	46	9	a	a	DET
arjefm-1194	46	10	startup	startup	NOUN
arjefm-1194	46	11	's	's	PART
arjefm-1194	46	12	success	success	NOUN
arjefm-1194	46	13	by	by	ADP
arjefm-1194	46	14	improving	improve	VERB
arjefm-1194	46	15	its	its	PRON
arjefm-1194	46	16	business	business	NOUN
arjefm-1194	46	17	model	model	NOUN
arjefm-1194	46	18	,	,	PUNCT
arjefm-1194	46	19	market	market	NOUN
arjefm-1194	46	20	strategy	strategy	NOUN
arjefm-1194	46	21	,	,	PUNCT
arjefm-1194	46	22	and	and	CCONJ
arjefm-1194	46	23	operational	operational	ADJ
arjefm-1194	46	24	efficiency	efficiency	NOUN
arjefm-1194	46	25	.	.	PUNCT
arjefm-1194	47	1	furthermore	furthermore	ADV
arjefm-1194	47	2	,	,	PUNCT
arjefm-1194	47	3	venture	venture	NOUN
arjefm-1194	47	4	capitalists	capitalist	NOUN
arjefm-1194	47	5	may	may	AUX
arjefm-1194	47	6	also	also	ADV
arjefm-1194	47	7	influence	influence	VERB
arjefm-1194	47	8	key	key	ADJ
arjefm-1194	47	9	business	business	NOUN
arjefm-1194	47	10	decisions	decision	NOUN
arjefm-1194	47	11	,	,	PUNCT
arjefm-1194	47	12	including	include	VERB
arjefm-1194	47	13	hiring	hire	VERB
arjefm-1194	47	14	practices	practice	NOUN
arjefm-1194	47	15	,	,	PUNCT
arjefm-1194	47	16	product	product	NOUN
arjefm-1194	47	17	development	development	NOUN
arjefm-1194	47	18	,	,	PUNCT
arjefm-1194	47	19	and	and	CCONJ
arjefm-1194	47	20	market	market	NOUN
arjefm-1194	47	21	entry	entry	NOUN
arjefm-1194	47	22	strategies	strategy	NOUN
arjefm-1194	47	23	(	(	PUNCT
arjefm-1194	47	24	emerah	emerah	PROPN
arjefm-1194	47	25	et.al	et.al	PROPN
arjefm-1194	47	26	,	,	PUNCT
arjefm-1194	47	27	2020	2020	NUM
arjefm-1194	47	28	)	)	PUNCT
arjefm-1194	47	29	.	.	PUNCT
arjefm-1194	48	1	the	the	DET
arjefm-1194	48	2	impact	impact	NOUN
arjefm-1194	48	3	of	of	ADP
arjefm-1194	48	4	venture	venture	NOUN
arjefm-1194	48	5	capital	capital	NOUN
arjefm-1194	48	6	financing	financing	NOUN
arjefm-1194	48	7	extends	extend	VERB
arjefm-1194	48	8	beyond	beyond	ADP
arjefm-1194	48	9	individual	individual	ADJ
arjefm-1194	48	10	startups	startup	NOUN
arjefm-1194	48	11	to	to	ADP
arjefm-1194	48	12	the	the	DET
arjefm-1194	48	13	broader	broad	ADJ
arjefm-1194	48	14	economy	economy	NOUN
arjefm-1194	48	15	.	.	PUNCT
arjefm-1194	49	1	venture	venture	NOUN
arjefm-1194	49	2	capital	capital	NOUN
arjefm-1194	49	3	-	-	PUNCT
arjefm-1194	49	4	funded	fund	VERB
arjefm-1194	49	5	companies	company	NOUN
arjefm-1194	49	6	are	be	AUX
arjefm-1194	49	7	often	often	ADV
arjefm-1194	49	8	at	at	ADP
arjefm-1194	49	9	the	the	DET
arjefm-1194	49	10	forefront	forefront	NOUN
arjefm-1194	49	11	of	of	ADP
arjefm-1194	49	12	technological	technological	ADJ
arjefm-1194	49	13	innovation	innovation	NOUN
arjefm-1194	49	14	and	and	CCONJ
arjefm-1194	49	15	economic	economic	ADJ
arjefm-1194	49	16	growth	growth	NOUN
arjefm-1194	49	17	.	.	PUNCT
arjefm-1194	50	1	firms	firm	NOUN
arjefm-1194	50	2	backed	back	VERB
arjefm-1194	50	3	by	by	ADP
arjefm-1194	50	4	venture	venture	NOUN
arjefm-1194	50	5	capital	capital	NOUN
arjefm-1194	50	6	are	be	AUX
arjefm-1194	50	7	more	more	ADV
arjefm-1194	50	8	likely	likely	ADJ
arjefm-1194	50	9	to	to	PART
arjefm-1194	50	10	introduce	introduce	VERB
arjefm-1194	50	11	new	new	ADJ
arjefm-1194	50	12	products	product	NOUN
arjefm-1194	50	13	and	and	CCONJ
arjefm-1194	50	14	services	service	NOUN
arjefm-1194	50	15	,	,	PUNCT
arjefm-1194	50	16	create	create	VERB
arjefm-1194	50	17	jobs	job	NOUN
arjefm-1194	50	18	,	,	PUNCT
arjefm-1194	50	19	and	and	CCONJ
arjefm-1194	50	20	contribute	contribute	VERB
arjefm-1194	50	21	to	to	ADP
arjefm-1194	50	22	economic	economic	ADJ
arjefm-1194	50	23	development	development	NOUN
arjefm-1194	50	24	.	.	PUNCT
arjefm-1194	51	1	the	the	DET
arjefm-1194	51	2	presence	presence	NOUN
arjefm-1194	51	3	of	of	ADP
arjefm-1194	51	4	a	a	DET
arjefm-1194	51	5	robust	robust	ADJ
arjefm-1194	51	6	venture	venture	NOUN
arjefm-1194	51	7	capital	capital	NOUN
arjefm-1194	51	8	sector	sector	NOUN
arjefm-1194	51	9	can	can	AUX
arjefm-1194	51	10	stimulate	stimulate	VERB
arjefm-1194	51	11	entrepreneurial	entrepreneurial	ADJ
arjefm-1194	51	12	activity	activity	NOUN
arjefm-1194	51	13	,	,	PUNCT
arjefm-1194	51	14	attract	attract	VERB
arjefm-1194	51	15	additional	additional	ADJ
arjefm-1194	51	16	investment	investment	NOUN
arjefm-1194	51	17	,	,	PUNCT
arjefm-1194	51	18	and	and	CCONJ
arjefm-1194	51	19	foster	foster	VERB
arjefm-1194	51	20	a	a	DET
arjefm-1194	51	21	culture	culture	NOUN
arjefm-1194	51	22	of	of	ADP
arjefm-1194	51	23	innovation	innovation	NOUN
arjefm-1194	51	24	(	(	PUNCT
arjefm-1194	51	25	hsu	hsu	PROPN
arjefm-1194	51	26	,	,	PUNCT
arjefm-1194	51	27	2020	2020	NUM
arjefm-1194	51	28	)	)	PUNCT
arjefm-1194	51	29	.	.	PUNCT
arjefm-1194	52	1	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	PROPN
arjefm-1194	52	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1194	52	3	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1194	53	1	american	american	PROPN
arjefm-1194	53	2	research	research	PROPN
arjefm-1194	53	3	journal	journal	PROPN
arjefm-1194	53	4	of	of	ADP
arjefm-1194	53	5	economics	economic	NOUN
arjefm-1194	53	6	,	,	PUNCT
arjefm-1194	53	7	finance	finance	NOUN
arjefm-1194	53	8	and	and	CCONJ
arjefm-1194	53	9	management	management	NOUN
arjefm-1194	53	10	volume	volume	NOUN
arjefm-1194	53	11	13	13	NUM
arjefm-1194	53	12	issue	issue	NOUN
arjefm-1194	53	13	1	1	NUM
arjefm-1194	53	14	,	,	PUNCT
arjefm-1194	53	15	january	january	PROPN
arjefm-1194	53	16	-march	-march	PROPN
arjefm-1194	53	17	2025	2025	NUM
arjefm-1194	53	18	issn	issn	NOUN
arjefm-1194	53	19	:	:	PUNCT
arjefm-1194	53	20	2836	2836	NUM
arjefm-1194	53	21	-	-	SYM
arjefm-1194	53	22	9416	9416	NUM
arjefm-1194	53	23	impact	impact	NOUN
arjefm-1194	53	24	factor	factor	NOUN
arjefm-1194	53	25	:	:	PUNCT
arjefm-1194	53	26	6.41	6.41	NUM
arjefm-1194	53	27	journal	journal	NOUN
arjefm-1194	53	28	homepage	homepage	NOUN
arjefm-1194	53	29	:	:	PUNCT
arjefm-1194	53	30	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1194	53	31	,	,	PUNCT
arjefm-1194	53	32	email	email	NOUN
arjefm-1194	53	33	:	:	PUNCT
arjefm-1194	54	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1194	54	2	official	official	ADJ
arjefm-1194	54	3	journal	journal	PROPN
arjefm-1194	54	4	of	of	ADP
arjefm-1194	54	5	america	america	PROPN
arjefm-1194	54	6	serial	serial	PROPN
arjefm-1194	54	7	publication	publication	NOUN
arjefm-1194	54	8	american	american	PROPN
arjefm-1194	54	9	research	research	PROPN
arjefm-1194	54	10	journal	journal	PROPN
arjefm-1194	54	11	of	of	ADP
arjefm-1194	54	12	economics	economic	NOUN
arjefm-1194	54	13	,	,	PUNCT
arjefm-1194	54	14	finance	finance	NOUN
arjefm-1194	54	15	and	and	CCONJ
arjefm-1194	54	16	management	management	NOUN
arjefm-1194	54	17	https://americaserial.com/journals/index.php/	https://americaserial.com/journals/index.php/	PROPN
arjefm-1194	54	18	arjefm	arjefm	PROPN
arjefm-1194	54	19	,	,	PUNCT
arjefm-1194	54	20	email	email	NOUN
arjefm-1194	54	21	:	:	PUNCT
arjefm-1194	54	22	contact@americaserial.com	contact@americaserial.com	X
arjefm-1194	55	1	215	215	NUM
arjefm-1194	56	1	|	|	ADV
arjefm-1194	56	2	p	p	NOUN
arjefm-1194	56	3	a	a	DET
arjefm-1194	56	4	g	g	NOUN
arjefm-1194	56	5	e	e	NOUN
arjefm-1194	56	6	venture	venture	NOUN
arjefm-1194	56	7	capital	capital	NOUN
arjefm-1194	56	8	investments	investment	NOUN
arjefm-1194	56	9	are	be	AUX
arjefm-1194	56	10	inherently	inherently	ADV
arjefm-1194	56	11	risky	risky	ADJ
arjefm-1194	56	12	,	,	PUNCT
arjefm-1194	56	13	with	with	ADP
arjefm-1194	56	14	a	a	DET
arjefm-1194	56	15	significant	significant	ADJ
arjefm-1194	56	16	proportion	proportion	NOUN
arjefm-1194	56	17	of	of	ADP
arjefm-1194	56	18	startups	startup	NOUN
arjefm-1194	56	19	failing	fail	VERB
arjefm-1194	56	20	to	to	PART
arjefm-1194	56	21	achieve	achieve	VERB
arjefm-1194	56	22	their	their	PRON
arjefm-1194	56	23	growth	growth	NOUN
arjefm-1194	56	24	targets	target	NOUN
arjefm-1194	56	25	.	.	PUNCT
arjefm-1194	57	1	additionally	additionally	ADV
arjefm-1194	57	2	,	,	PUNCT
arjefm-1194	57	3	the	the	DET
arjefm-1194	57	4	expectations	expectation	NOUN
arjefm-1194	57	5	and	and	CCONJ
arjefm-1194	57	6	demands	demand	NOUN
arjefm-1194	57	7	of	of	ADP
arjefm-1194	57	8	venture	venture	NOUN
arjefm-1194	57	9	capitalists	capitalist	NOUN
arjefm-1194	57	10	can	can	AUX
arjefm-1194	57	11	sometimes	sometimes	ADV
arjefm-1194	57	12	lead	lead	VERB
arjefm-1194	57	13	to	to	ADP
arjefm-1194	57	14	conflicts	conflict	NOUN
arjefm-1194	57	15	over	over	ADP
arjefm-1194	57	16	business	business	NOUN
arjefm-1194	57	17	direction	direction	NOUN
arjefm-1194	57	18	and	and	CCONJ
arjefm-1194	57	19	control	control	NOUN
arjefm-1194	57	20	.	.	PUNCT
arjefm-1194	58	1	effective	effective	ADJ
arjefm-1194	58	2	communication	communication	NOUN
arjefm-1194	58	3	and	and	CCONJ
arjefm-1194	58	4	alignment	alignment	NOUN
arjefm-1194	58	5	of	of	ADP
arjefm-1194	58	6	goals	goal	NOUN
arjefm-1194	58	7	between	between	ADP
arjefm-1194	58	8	investors	investor	NOUN
arjefm-1194	58	9	and	and	CCONJ
arjefm-1194	58	10	entrepreneurs	entrepreneur	NOUN
arjefm-1194	58	11	are	be	AUX
arjefm-1194	58	12	crucial	crucial	ADJ
arjefm-1194	58	13	for	for	ADP
arjefm-1194	58	14	mitigating	mitigate	VERB
arjefm-1194	58	15	these	these	DET
arjefm-1194	58	16	risks	risk	NOUN
arjefm-1194	58	17	and	and	CCONJ
arjefm-1194	58	18	ensuring	ensure	VERB
arjefm-1194	58	19	successful	successful	ADJ
arjefm-1194	58	20	outcomes	outcome	NOUN
arjefm-1194	58	21	(	(	PUNCT
arjefm-1194	58	22	baldwin	baldwin	PROPN
arjefm-1194	58	23	and	and	CCONJ
arjefm-1194	58	24	rafiqzzaman	rafiqzzaman	NOUN
arjefm-1194	58	25	,	,	PUNCT
arjefm-1194	58	26	2020	2020	NUM
arjefm-1194	58	27	)	)	PUNCT
arjefm-1194	58	28	.	.	PUNCT
arjefm-1194	59	1	effects	effect	NOUN
arjefm-1194	59	2	of	of	ADP
arjefm-1194	59	3	venture	venture	NOUN
arjefm-1194	59	4	capital	capital	NOUN
arjefm-1194	59	5	financing	financing	NOUN
arjefm-1194	59	6	on	on	ADP
arjefm-1194	59	7	smes	sme	NOUN
arjefm-1194	59	8	profitability	profitability	NOUN
arjefm-1194	59	9	venture	venture	NOUN
arjefm-1194	59	10	capital	capital	NOUN
arjefm-1194	59	11	financing	financing	NOUN
arjefm-1194	59	12	often	often	ADV
arjefm-1194	59	13	provides	provide	VERB
arjefm-1194	59	14	the	the	DET
arjefm-1194	59	15	necessary	necessary	ADJ
arjefm-1194	59	16	capital	capital	NOUN
arjefm-1194	59	17	for	for	SCONJ
arjefm-1194	59	18	smes	sme	NOUN
arjefm-1194	59	19	to	to	PART
arjefm-1194	59	20	scale	scale	VERB
arjefm-1194	59	21	their	their	PRON
arjefm-1194	59	22	operations	operation	NOUN
arjefm-1194	59	23	,	,	PUNCT
arjefm-1194	59	24	invest	invest	VERB
arjefm-1194	59	25	in	in	ADP
arjefm-1194	59	26	research	research	NOUN
arjefm-1194	59	27	and	and	CCONJ
arjefm-1194	59	28	development	development	NOUN
arjefm-1194	59	29	,	,	PUNCT
arjefm-1194	59	30	and	and	CCONJ
arjefm-1194	59	31	expand	expand	VERB
arjefm-1194	59	32	their	their	PRON
arjefm-1194	59	33	market	market	NOUN
arjefm-1194	59	34	reach	reach	NOUN
arjefm-1194	59	35	.	.	PUNCT
arjefm-1194	60	1	this	this	DET
arjefm-1194	60	2	increased	increase	VERB
arjefm-1194	60	3	capacity	capacity	NOUN
arjefm-1194	60	4	for	for	ADP
arjefm-1194	60	5	growth	growth	NOUN
arjefm-1194	60	6	can	can	AUX
arjefm-1194	60	7	lead	lead	VERB
arjefm-1194	60	8	to	to	ADP
arjefm-1194	60	9	higher	high	ADJ
arjefm-1194	60	10	revenues	revenue	NOUN
arjefm-1194	60	11	and	and	CCONJ
arjefm-1194	60	12	improved	improved	ADJ
arjefm-1194	60	13	profitability	profitability	NOUN
arjefm-1194	60	14	.	.	PUNCT
arjefm-1194	61	1	venture	venture	NOUN
arjefm-1194	61	2	capital	capital	NOUN
arjefm-1194	61	3	-	-	PUNCT
arjefm-1194	61	4	backed	back	VERB
arjefm-1194	61	5	smes	sme	NOUN
arjefm-1194	61	6	tend	tend	VERB
arjefm-1194	61	7	to	to	PART
arjefm-1194	61	8	experience	experience	VERB
arjefm-1194	61	9	faster	fast	ADJ
arjefm-1194	61	10	revenue	revenue	NOUN
arjefm-1194	61	11	growth	growth	NOUN
arjefm-1194	61	12	compared	compare	VERB
arjefm-1194	61	13	to	to	ADP
arjefm-1194	61	14	non	non	ADJ
arjefm-1194	61	15	-	-	ADJ
arjefm-1194	61	16	vc	vc	ADJ
arjefm-1194	61	17	-	-	PUNCT
arjefm-1194	61	18	backed	back	VERB
arjefm-1194	61	19	firms	firm	NOUN
arjefm-1194	61	20	,	,	PUNCT
arjefm-1194	61	21	primarily	primarily	ADV
arjefm-1194	61	22	due	due	ADP
arjefm-1194	61	23	to	to	ADP
arjefm-1194	61	24	the	the	DET
arjefm-1194	61	25	substantial	substantial	ADJ
arjefm-1194	61	26	investment	investment	NOUN
arjefm-1194	61	27	in	in	ADP
arjefm-1194	61	28	innovation	innovation	NOUN
arjefm-1194	61	29	and	and	CCONJ
arjefm-1194	61	30	market	market	NOUN
arjefm-1194	61	31	expansion	expansion	NOUN
arjefm-1194	61	32	.	.	PUNCT
arjefm-1194	62	1	additionally	additionally	ADV
arjefm-1194	62	2	,	,	PUNCT
arjefm-1194	62	3	venture	venture	NOUN
arjefm-1194	62	4	capitalists	capitalist	NOUN
arjefm-1194	62	5	often	often	ADV
arjefm-1194	62	6	bring	bring	VERB
arjefm-1194	62	7	valuable	valuable	ADJ
arjefm-1194	62	8	expertise	expertise	NOUN
arjefm-1194	62	9	and	and	CCONJ
arjefm-1194	62	10	networks	network	NOUN
arjefm-1194	62	11	to	to	ADP
arjefm-1194	62	12	the	the	DET
arjefm-1194	62	13	table	table	NOUN
arjefm-1194	62	14	(	(	PUNCT
arjefm-1194	62	15	achugbu	achugbu	NOUN
arjefm-1194	62	16	,	,	PUNCT
arjefm-1194	62	17	2017	2017	NUM
arjefm-1194	62	18	)	)	PUNCT
arjefm-1194	62	19	.	.	PUNCT
arjefm-1194	63	1	the	the	DET
arjefm-1194	63	2	active	active	ADJ
arjefm-1194	63	3	involvement	involvement	NOUN
arjefm-1194	63	4	of	of	ADP
arjefm-1194	63	5	venture	venture	NOUN
arjefm-1194	63	6	capitalists	capitalist	NOUN
arjefm-1194	63	7	in	in	ADP
arjefm-1194	63	8	strategic	strategic	ADJ
arjefm-1194	63	9	decision	decision	NOUN
arjefm-1194	63	10	-	-	PUNCT
arjefm-1194	63	11	making	making	NOUN
arjefm-1194	63	12	,	,	PUNCT
arjefm-1194	63	13	management	management	NOUN
arjefm-1194	63	14	practices	practice	NOUN
arjefm-1194	63	15	,	,	PUNCT
arjefm-1194	63	16	and	and	CCONJ
arjefm-1194	63	17	operational	operational	ADJ
arjefm-1194	63	18	improvements	improvement	NOUN
arjefm-1194	63	19	can	can	AUX
arjefm-1194	63	20	positively	positively	ADV
arjefm-1194	63	21	influence	influence	VERB
arjefm-1194	63	22	sme	sme	NOUN
arjefm-1194	63	23	performance	performance	NOUN
arjefm-1194	63	24	.	.	PUNCT
arjefm-1194	64	1	this	this	DET
arjefm-1194	64	2	support	support	NOUN
arjefm-1194	64	3	includes	include	VERB
arjefm-1194	64	4	mentorship	mentorship	NOUN
arjefm-1194	64	5	,	,	PUNCT
arjefm-1194	64	6	business	business	NOUN
arjefm-1194	64	7	development	development	NOUN
arjefm-1194	64	8	advice	advice	NOUN
arjefm-1194	64	9	,	,	PUNCT
arjefm-1194	64	10	and	and	CCONJ
arjefm-1194	64	11	connections	connection	NOUN
arjefm-1194	64	12	to	to	ADP
arjefm-1194	64	13	potential	potential	ADJ
arjefm-1194	64	14	customers	customer	NOUN
arjefm-1194	64	15	,	,	PUNCT
arjefm-1194	64	16	partners	partner	NOUN
arjefm-1194	64	17	,	,	PUNCT
arjefm-1194	64	18	and	and	CCONJ
arjefm-1194	64	19	suppliers	supplier	NOUN
arjefm-1194	64	20	.	.	PUNCT
arjefm-1194	65	1	such	such	ADJ
arjefm-1194	65	2	involvement	involvement	NOUN
arjefm-1194	65	3	can	can	AUX
arjefm-1194	65	4	enhance	enhance	VERB
arjefm-1194	65	5	the	the	DET
arjefm-1194	65	6	efficiency	efficiency	NOUN
arjefm-1194	65	7	and	and	CCONJ
arjefm-1194	65	8	effectiveness	effectiveness	NOUN
arjefm-1194	65	9	of	of	ADP
arjefm-1194	65	10	sme	sme	NOUN
arjefm-1194	65	11	operations	operation	NOUN
arjefm-1194	65	12	,	,	PUNCT
arjefm-1194	65	13	thereby	thereby	ADV
arjefm-1194	65	14	contributing	contribute	VERB
arjefm-1194	65	15	to	to	ADP
arjefm-1194	65	16	higher	high	ADJ
arjefm-1194	65	17	profitability	profitability	NOUN
arjefm-1194	65	18	(	(	PUNCT
arjefm-1194	65	19	black	black	PROPN
arjefm-1194	65	20	&	&	CCONJ
arjefm-1194	65	21	gilson	gilson	PROPN
arjefm-1194	65	22	,	,	PUNCT
arjefm-1194	65	23	2019	2019	NUM
arjefm-1194	65	24	)	)	PUNCT
arjefm-1194	65	25	.	.	PUNCT
arjefm-1194	66	1	vc	vc	PROPN
arjefm-1194	66	2	investors	investor	NOUN
arjefm-1194	66	3	typically	typically	ADV
arjefm-1194	66	4	require	require	VERB
arjefm-1194	66	5	detailed	detailed	ADJ
arjefm-1194	66	6	reporting	reporting	NOUN
arjefm-1194	66	7	and	and	CCONJ
arjefm-1194	66	8	performance	performance	NOUN
arjefm-1194	66	9	monitoring	monitoring	NOUN
arjefm-1194	66	10	,	,	PUNCT
arjefm-1194	66	11	which	which	PRON
arjefm-1194	66	12	encourages	encourage	VERB
arjefm-1194	66	13	smes	sme	NOUN
arjefm-1194	66	14	to	to	PART
arjefm-1194	66	15	adopt	adopt	VERB
arjefm-1194	66	16	best	good	ADJ
arjefm-1194	66	17	practices	practice	NOUN
arjefm-1194	66	18	and	and	CCONJ
arjefm-1194	66	19	focus	focus	VERB
arjefm-1194	66	20	on	on	ADP
arjefm-1194	66	21	key	key	ADJ
arjefm-1194	66	22	performance	performance	NOUN
arjefm-1194	66	23	indicators	indicator	NOUN
arjefm-1194	66	24	.	.	PUNCT
arjefm-1194	67	1	this	this	DET
arjefm-1194	67	2	rigorous	rigorous	ADJ
arjefm-1194	67	3	approach	approach	NOUN
arjefm-1194	67	4	to	to	ADP
arjefm-1194	67	5	performance	performance	NOUN
arjefm-1194	67	6	management	management	NOUN
arjefm-1194	67	7	can	can	AUX
arjefm-1194	67	8	lead	lead	VERB
arjefm-1194	67	9	to	to	ADP
arjefm-1194	67	10	improved	improve	VERB
arjefm-1194	67	11	operational	operational	ADJ
arjefm-1194	67	12	efficiency	efficiency	NOUN
arjefm-1194	67	13	and	and	CCONJ
arjefm-1194	67	14	profitability	profitability	NOUN
arjefm-1194	67	15	by	by	ADP
arjefm-1194	67	16	ensuring	ensure	VERB
arjefm-1194	67	17	that	that	SCONJ
arjefm-1194	67	18	smes	sme	NOUN
arjefm-1194	67	19	are	be	AUX
arjefm-1194	67	20	aligned	align	VERB
arjefm-1194	67	21	with	with	ADP
arjefm-1194	67	22	their	their	PRON
arjefm-1194	67	23	business	business	NOUN
arjefm-1194	67	24	goals	goal	NOUN
arjefm-1194	67	25	and	and	CCONJ
arjefm-1194	67	26	market	market	NOUN
arjefm-1194	67	27	demands	demand	NOUN
arjefm-1194	67	28	(	(	PUNCT
arjefm-1194	67	29	eke	eke	ADJ
arjefm-1194	67	30	,	,	PUNCT
arjefm-1194	67	31	2019	2019	NUM
arjefm-1194	67	32	)	)	PUNCT
arjefm-1194	67	33	.	.	PUNCT
arjefm-1194	68	1	venture	venture	NOUN
arjefm-1194	68	2	capital	capital	NOUN
arjefm-1194	68	3	financing	financing	NOUN
arjefm-1194	68	4	and	and	CCONJ
arjefm-1194	68	5	smes	sme	NOUN
arjefm-1194	68	6	job	job	NOUN
arjefm-1194	68	7	creation	creation	NOUN
arjefm-1194	68	8	venture	venture	NOUN
arjefm-1194	68	9	capital	capital	NOUN
arjefm-1194	68	10	financing	financing	NOUN
arjefm-1194	68	11	aids	aids	PROPN
arjefm-1194	68	12	smes	sme	NOUN
arjefm-1194	68	13	,	,	PUNCT
arjefm-1194	68	14	particularly	particularly	ADV
arjefm-1194	68	15	those	those	PRON
arjefm-1194	68	16	in	in	ADP
arjefm-1194	68	17	their	their	PRON
arjefm-1194	68	18	early	early	ADJ
arjefm-1194	68	19	stages	stage	NOUN
arjefm-1194	68	20	,	,	PUNCT
arjefm-1194	68	21	as	as	SCONJ
arjefm-1194	68	22	it	it	PRON
arjefm-1194	68	23	provides	provide	VERB
arjefm-1194	68	24	the	the	DET
arjefm-1194	68	25	necessary	necessary	ADJ
arjefm-1194	68	26	capital	capital	NOUN
arjefm-1194	68	27	to	to	PART
arjefm-1194	68	28	scale	scale	VERB
arjefm-1194	68	29	operations	operation	NOUN
arjefm-1194	68	30	and	and	CCONJ
arjefm-1194	68	31	pursue	pursue	VERB
arjefm-1194	68	32	growth	growth	NOUN
arjefm-1194	68	33	opportunities	opportunity	NOUN
arjefm-1194	68	34	that	that	PRON
arjefm-1194	68	35	might	might	AUX
arjefm-1194	68	36	be	be	AUX
arjefm-1194	68	37	inaccessible	inaccessible	ADJ
arjefm-1194	68	38	through	through	ADP
arjefm-1194	68	39	traditional	traditional	ADJ
arjefm-1194	68	40	financing	financing	NOUN
arjefm-1194	68	41	sources	source	NOUN
arjefm-1194	68	42	.	.	PUNCT
arjefm-1194	69	1	this	this	DET
arjefm-1194	69	2	type	type	NOUN
arjefm-1194	69	3	of	of	ADP
arjefm-1194	69	4	financing	financing	NOUN
arjefm-1194	69	5	involves	involve	VERB
arjefm-1194	69	6	equity	equity	NOUN
arjefm-1194	69	7	investments	investment	NOUN
arjefm-1194	69	8	made	make	VERB
arjefm-1194	69	9	by	by	ADP
arjefm-1194	69	10	venture	venture	NOUN
arjefm-1194	69	11	capitalists	capitalist	NOUN
arjefm-1194	69	12	in	in	ADP
arjefm-1194	69	13	exchange	exchange	NOUN
arjefm-1194	69	14	for	for	ADP
arjefm-1194	69	15	ownership	ownership	NOUN
arjefm-1194	69	16	stakes	stake	NOUN
arjefm-1194	69	17	in	in	ADP
arjefm-1194	69	18	high	high	ADJ
arjefm-1194	69	19	-	-	PUNCT
arjefm-1194	69	20	potential	potential	ADJ
arjefm-1194	69	21	startups	startup	NOUN
arjefm-1194	69	22	.	.	PUNCT
arjefm-1194	70	1	venture	venture	NOUN
arjefm-1194	70	2	capital	capital	NOUN
arjefm-1194	70	3	funding	funding	NOUN
arjefm-1194	70	4	enables	enable	VERB
arjefm-1194	70	5	smes	sme	NOUN
arjefm-1194	70	6	to	to	PART
arjefm-1194	70	7	expand	expand	VERB
arjefm-1194	70	8	their	their	PRON
arjefm-1194	70	9	operations	operation	NOUN
arjefm-1194	70	10	,	,	PUNCT
arjefm-1194	70	11	develop	develop	VERB
arjefm-1194	70	12	new	new	ADJ
arjefm-1194	70	13	products	product	NOUN
arjefm-1194	70	14	,	,	PUNCT
arjefm-1194	70	15	and	and	CCONJ
arjefm-1194	70	16	enter	enter	VERB
arjefm-1194	70	17	new	new	ADJ
arjefm-1194	70	18	markets	market	NOUN
arjefm-1194	70	19	,	,	PUNCT
arjefm-1194	70	20	all	all	PRON
arjefm-1194	70	21	of	of	ADP
arjefm-1194	70	22	which	which	PRON
arjefm-1194	70	23	contribute	contribute	VERB
arjefm-1194	70	24	to	to	ADP
arjefm-1194	70	25	job	job	NOUN
arjefm-1194	70	26	creation	creation	NOUN
arjefm-1194	70	27	(	(	PUNCT
arjefm-1194	70	28	egu	egu	NOUN
arjefm-1194	70	29	et.al	et.al	PROPN
arjefm-1194	70	30	,	,	PUNCT
arjefm-1194	70	31	2024	2024	NUM
arjefm-1194	70	32	)	)	PUNCT
arjefm-1194	70	33	.	.	PUNCT
arjefm-1194	71	1	one	one	NUM
arjefm-1194	71	2	of	of	ADP
arjefm-1194	71	3	the	the	DET
arjefm-1194	71	4	primary	primary	ADJ
arjefm-1194	71	5	ways	way	NOUN
arjefm-1194	71	6	venture	venture	NOUN
arjefm-1194	71	7	capital	capital	NOUN
arjefm-1194	71	8	financing	financing	NOUN
arjefm-1194	71	9	impacts	impact	NOUN
arjefm-1194	71	10	job	job	NOUN
arjefm-1194	71	11	creation	creation	NOUN
arjefm-1194	71	12	is	be	AUX
arjefm-1194	71	13	by	by	ADP
arjefm-1194	71	14	supporting	support	VERB
arjefm-1194	71	15	business	business	NOUN
arjefm-1194	71	16	expansion	expansion	NOUN
arjefm-1194	71	17	.	.	PUNCT
arjefm-1194	72	1	smes	sme	NOUN
arjefm-1194	72	2	receiving	receive	VERB
arjefm-1194	72	3	venture	venture	NOUN
arjefm-1194	72	4	capital	capital	NOUN
arjefm-1194	72	5	funding	funding	NOUN
arjefm-1194	72	6	often	often	ADV
arjefm-1194	72	7	use	use	VERB
arjefm-1194	72	8	the	the	DET
arjefm-1194	72	9	capital	capital	NOUN
arjefm-1194	72	10	to	to	PART
arjefm-1194	72	11	increase	increase	VERB
arjefm-1194	72	12	their	their	PRON
arjefm-1194	72	13	production	production	NOUN
arjefm-1194	72	14	capacity	capacity	NOUN
arjefm-1194	72	15	,	,	PUNCT
arjefm-1194	72	16	enhance	enhance	VERB
arjefm-1194	72	17	their	their	PRON
arjefm-1194	72	18	technological	technological	ADJ
arjefm-1194	72	19	capabilities	capability	NOUN
arjefm-1194	72	20	,	,	PUNCT
arjefm-1194	72	21	and	and	CCONJ
arjefm-1194	72	22	expand	expand	VERB
arjefm-1194	72	23	their	their	PRON
arjefm-1194	72	24	market	market	NOUN
arjefm-1194	72	25	reach	reach	NOUN
arjefm-1194	72	26	.	.	PUNCT
arjefm-1194	73	1	these	these	DET
arjefm-1194	73	2	growth	growth	NOUN
arjefm-1194	73	3	activities	activity	NOUN
arjefm-1194	73	4	typically	typically	ADV
arjefm-1194	73	5	require	require	VERB
arjefm-1194	73	6	hiring	hire	VERB
arjefm-1194	73	7	additional	additional	ADJ
arjefm-1194	73	8	staff	staff	NOUN
arjefm-1194	73	9	,	,	PUNCT
arjefm-1194	73	10	which	which	PRON
arjefm-1194	73	11	directly	directly	ADV
arjefm-1194	73	12	creates	create	VERB
arjefm-1194	73	13	new	new	ADJ
arjefm-1194	73	14	jobs	job	NOUN
arjefm-1194	73	15	.	.	PUNCT
arjefm-1194	74	1	venture	venture	NOUN
arjefm-1194	74	2	capitalbacked	capitalbacke	VERB
arjefm-1194	74	3	smes	sme	NOUN
arjefm-1194	74	4	tend	tend	VERB
arjefm-1194	74	5	to	to	PART
arjefm-1194	74	6	experience	experience	VERB
arjefm-1194	74	7	faster	fast	ADJ
arjefm-1194	74	8	growth	growth	NOUN
arjefm-1194	74	9	in	in	ADP
arjefm-1194	74	10	employment	employment	NOUN
arjefm-1194	74	11	compared	compare	VERB
arjefm-1194	74	12	to	to	ADP
arjefm-1194	74	13	non	non	ADJ
arjefm-1194	74	14	-	-	ADJ
arjefm-1194	74	15	vc	vc	ADJ
arjefm-1194	74	16	-	-	PUNCT
arjefm-1194	74	17	backed	back	VERB
arjefm-1194	74	18	firms	firm	NOUN
arjefm-1194	74	19	,	,	PUNCT
arjefm-1194	74	20	primarily	primarily	ADV
arjefm-1194	74	21	due	due	ADP
arjefm-1194	74	22	to	to	ADP
arjefm-1194	74	23	their	their	PRON
arjefm-1194	74	24	enhanced	enhance	VERB
arjefm-1194	74	25	capacity	capacity	NOUN
arjefm-1194	74	26	for	for	ADP
arjefm-1194	74	27	scaling	scale	VERB
arjefm-1194	74	28	operations	operation	NOUN
arjefm-1194	74	29	(	(	PUNCT
arjefm-1194	74	30	biney	biney	NOUN
arjefm-1194	74	31	and	and	CCONJ
arjefm-1194	74	32	gan	gin	VERB
arjefm-1194	74	33	,	,	PUNCT
arjefm-1194	74	34	2018	2018	NUM
arjefm-1194	74	35	)	)	PUNCT
arjefm-1194	74	36	.	.	PUNCT
arjefm-1194	75	1	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	PROPN
arjefm-1194	75	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1194	75	3	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1194	76	1	american	american	PROPN
arjefm-1194	76	2	research	research	PROPN
arjefm-1194	76	3	journal	journal	PROPN
arjefm-1194	76	4	of	of	ADP
arjefm-1194	76	5	economics	economic	NOUN
arjefm-1194	76	6	,	,	PUNCT
arjefm-1194	76	7	finance	finance	NOUN
arjefm-1194	76	8	and	and	CCONJ
arjefm-1194	76	9	management	management	NOUN
arjefm-1194	76	10	volume	volume	NOUN
arjefm-1194	76	11	13	13	NUM
arjefm-1194	76	12	issue	issue	NOUN
arjefm-1194	76	13	1	1	NUM
arjefm-1194	76	14	,	,	PUNCT
arjefm-1194	76	15	january	january	PROPN
arjefm-1194	76	16	-march	-march	PROPN
arjefm-1194	76	17	2025	2025	NUM
arjefm-1194	76	18	issn	issn	NOUN
arjefm-1194	76	19	:	:	PUNCT
arjefm-1194	76	20	2836	2836	NUM
arjefm-1194	76	21	-	-	SYM
arjefm-1194	76	22	9416	9416	NUM
arjefm-1194	76	23	impact	impact	NOUN
arjefm-1194	76	24	factor	factor	NOUN
arjefm-1194	76	25	:	:	PUNCT
arjefm-1194	76	26	6.41	6.41	NUM
arjefm-1194	76	27	journal	journal	NOUN
arjefm-1194	76	28	homepage	homepage	NOUN
arjefm-1194	76	29	:	:	PUNCT
arjefm-1194	76	30	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1194	76	31	,	,	PUNCT
arjefm-1194	76	32	email	email	NOUN
arjefm-1194	76	33	:	:	PUNCT
arjefm-1194	77	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1194	77	2	official	official	ADJ
arjefm-1194	77	3	journal	journal	PROPN
arjefm-1194	77	4	of	of	ADP
arjefm-1194	77	5	america	america	PROPN
arjefm-1194	77	6	serial	serial	PROPN
arjefm-1194	77	7	publication	publication	NOUN
arjefm-1194	77	8	american	american	PROPN
arjefm-1194	77	9	research	research	PROPN
arjefm-1194	77	10	journal	journal	PROPN
arjefm-1194	77	11	of	of	ADP
arjefm-1194	77	12	economics	economic	NOUN
arjefm-1194	77	13	,	,	PUNCT
arjefm-1194	77	14	finance	finance	NOUN
arjefm-1194	77	15	and	and	CCONJ
arjefm-1194	77	16	management	management	NOUN
arjefm-1194	77	17	https://americaserial.com/journals/index.php/	https://americaserial.com/journals/index.php/	PROPN
arjefm-1194	77	18	arjefm	arjefm	PROPN
arjefm-1194	77	19	,	,	PUNCT
arjefm-1194	77	20	email	email	NOUN
arjefm-1194	77	21	:	:	PUNCT
arjefm-1194	77	22	contact@americaserial.com	contact@americaserial.com	X
arjefm-1194	78	1	216	216	NUM
arjefm-1194	78	2	|	|	ADV
arjefm-1194	78	3	p	p	NOUN
arjefm-1194	78	4	a	a	DET
arjefm-1194	78	5	g	g	NOUN
arjefm-1194	78	6	e	e	NOUN
arjefm-1194	78	7	the	the	DET
arjefm-1194	78	8	presence	presence	NOUN
arjefm-1194	78	9	of	of	ADP
arjefm-1194	78	10	venture	venture	NOUN
arjefm-1194	78	11	capital	capital	NOUN
arjefm-1194	78	12	financing	financing	NOUN
arjefm-1194	78	13	has	have	VERB
arjefm-1194	78	14	a	a	DET
arjefm-1194	78	15	broader	broad	ADJ
arjefm-1194	78	16	impact	impact	NOUN
arjefm-1194	78	17	on	on	ADP
arjefm-1194	78	18	the	the	DET
arjefm-1194	78	19	job	job	NOUN
arjefm-1194	78	20	market	market	NOUN
arjefm-1194	78	21	beyond	beyond	ADP
arjefm-1194	78	22	the	the	DET
arjefm-1194	78	23	individual	individual	ADJ
arjefm-1194	78	24	sme	sme	PROPN
arjefm-1194	78	25	.	.	PUNCT
arjefm-1194	79	1	successful	successful	ADJ
arjefm-1194	79	2	venture	venture	NOUN
arjefm-1194	79	3	capital	capital	NOUN
arjefm-1194	79	4	-	-	PUNCT
arjefm-1194	79	5	backed	back	VERB
arjefm-1194	79	6	smes	sme	NOUN
arjefm-1194	79	7	can	can	AUX
arjefm-1194	79	8	stimulate	stimulate	VERB
arjefm-1194	79	9	job	job	NOUN
arjefm-1194	79	10	creation	creation	NOUN
arjefm-1194	79	11	within	within	ADP
arjefm-1194	79	12	their	their	PRON
arjefm-1194	79	13	local	local	ADJ
arjefm-1194	79	14	economies	economy	NOUN
arjefm-1194	79	15	and	and	CCONJ
arjefm-1194	79	16	industries	industry	NOUN
arjefm-1194	79	17	by	by	ADP
arjefm-1194	79	18	fostering	foster	VERB
arjefm-1194	79	19	innovation	innovation	NOUN
arjefm-1194	79	20	and	and	CCONJ
arjefm-1194	79	21	driving	drive	VERB
arjefm-1194	79	22	economic	economic	ADJ
arjefm-1194	79	23	growth	growth	NOUN
arjefm-1194	79	24	.	.	PUNCT
arjefm-1194	80	1	this	this	DET
arjefm-1194	80	2	ripple	ripple	ADJ
arjefm-1194	80	3	effect	effect	NOUN
arjefm-1194	80	4	can	can	AUX
arjefm-1194	80	5	create	create	VERB
arjefm-1194	80	6	additional	additional	ADJ
arjefm-1194	80	7	employment	employment	NOUN
arjefm-1194	80	8	opportunities	opportunity	NOUN
arjefm-1194	80	9	in	in	ADP
arjefm-1194	80	10	related	related	ADJ
arjefm-1194	80	11	sectors	sector	NOUN
arjefm-1194	80	12	,	,	PUNCT
arjefm-1194	80	13	such	such	ADJ
arjefm-1194	80	14	as	as	ADP
arjefm-1194	80	15	supply	supply	NOUN
arjefm-1194	80	16	chains	chain	NOUN
arjefm-1194	80	17	,	,	PUNCT
arjefm-1194	80	18	service	service	NOUN
arjefm-1194	80	19	providers	provider	NOUN
arjefm-1194	80	20	,	,	PUNCT
arjefm-1194	80	21	and	and	CCONJ
arjefm-1194	80	22	ancillary	ancillary	ADJ
arjefm-1194	80	23	businesses	business	NOUN
arjefm-1194	80	24	(	(	PUNCT
arjefm-1194	80	25	aman	aman	NOUN
arjefm-1194	80	26	,	,	PUNCT
arjefm-1194	80	27	2023	2023	NUM
arjefm-1194	80	28	)	)	PUNCT
arjefm-1194	80	29	.	.	PUNCT
arjefm-1194	81	1	venture	venture	NOUN
arjefm-1194	81	2	capital	capital	NOUN
arjefm-1194	81	3	financing	financing	NOUN
arjefm-1194	81	4	contributes	contribute	VERB
arjefm-1194	81	5	to	to	ADP
arjefm-1194	81	6	job	job	NOUN
arjefm-1194	81	7	creation	creation	NOUN
arjefm-1194	81	8	through	through	ADP
arjefm-1194	81	9	its	its	PRON
arjefm-1194	81	10	focus	focus	NOUN
arjefm-1194	81	11	on	on	ADP
arjefm-1194	81	12	high	high	ADJ
arjefm-1194	81	13	-	-	PUNCT
arjefm-1194	81	14	growth	growth	NOUN
arjefm-1194	81	15	sectors	sector	NOUN
arjefm-1194	81	16	and	and	CCONJ
arjefm-1194	81	17	industries	industry	NOUN
arjefm-1194	81	18	,	,	PUNCT
arjefm-1194	81	19	such	such	ADJ
arjefm-1194	81	20	as	as	ADP
arjefm-1194	81	21	technology	technology	NOUN
arjefm-1194	81	22	and	and	CCONJ
arjefm-1194	81	23	biotech	biotech	NOUN
arjefm-1194	81	24	.	.	PUNCT
arjefm-1194	82	1	these	these	DET
arjefm-1194	82	2	sectors	sector	NOUN
arjefm-1194	82	3	often	often	ADV
arjefm-1194	82	4	have	have	VERB
arjefm-1194	82	5	high	high	ADJ
arjefm-1194	82	6	potential	potential	NOUN
arjefm-1194	82	7	for	for	ADP
arjefm-1194	82	8	innovation	innovation	NOUN
arjefm-1194	82	9	and	and	CCONJ
arjefm-1194	82	10	expansion	expansion	NOUN
arjefm-1194	82	11	,	,	PUNCT
arjefm-1194	82	12	leading	lead	VERB
arjefm-1194	82	13	to	to	ADP
arjefm-1194	82	14	significant	significant	ADJ
arjefm-1194	82	15	job	job	NOUN
arjefm-1194	82	16	creation	creation	NOUN
arjefm-1194	82	17	opportunities	opportunity	NOUN
arjefm-1194	82	18	.	.	PUNCT
arjefm-1194	83	1	venture	venture	NOUN
arjefm-1194	83	2	capital	capital	NOUN
arjefm-1194	83	3	-	-	PUNCT
arjefm-1194	83	4	backed	back	VERB
arjefm-1194	83	5	firms	firm	NOUN
arjefm-1194	83	6	are	be	AUX
arjefm-1194	83	7	more	more	ADV
arjefm-1194	83	8	likely	likely	ADJ
arjefm-1194	83	9	to	to	PART
arjefm-1194	83	10	introduce	introduce	VERB
arjefm-1194	83	11	new	new	ADJ
arjefm-1194	83	12	products	product	NOUN
arjefm-1194	83	13	and	and	CCONJ
arjefm-1194	83	14	technologies	technology	NOUN
arjefm-1194	83	15	,	,	PUNCT
arjefm-1194	83	16	which	which	PRON
arjefm-1194	83	17	can	can	AUX
arjefm-1194	83	18	create	create	VERB
arjefm-1194	83	19	a	a	DET
arjefm-1194	83	20	wide	wide	ADJ
arjefm-1194	83	21	range	range	NOUN
arjefm-1194	83	22	of	of	ADP
arjefm-1194	83	23	jobs	job	NOUN
arjefm-1194	83	24	,	,	PUNCT
arjefm-1194	83	25	from	from	ADP
arjefm-1194	83	26	research	research	NOUN
arjefm-1194	83	27	and	and	CCONJ
arjefm-1194	83	28	development	development	NOUN
arjefm-1194	83	29	positions	position	NOUN
arjefm-1194	83	30	to	to	ADP
arjefm-1194	83	31	manufacturing	manufacturing	NOUN
arjefm-1194	83	32	and	and	CCONJ
arjefm-1194	83	33	sales	sale	NOUN
arjefm-1194	83	34	roles	role	NOUN
arjefm-1194	83	35	(	(	PUNCT
arjefm-1194	83	36	john	john	PROPN
arjefm-1194	83	37	,	,	PUNCT
arjefm-1194	83	38	2023	2023	NUM
arjefm-1194	83	39	)	)	PUNCT
arjefm-1194	83	40	.	.	PUNCT
arjefm-1194	84	1	venture	venture	NOUN
arjefm-1194	84	2	capital	capital	NOUN
arjefm-1194	84	3	financing	financing	NOUN
arjefm-1194	84	4	and	and	CCONJ
arjefm-1194	84	5	sustainability	sustainability	NOUN
arjefm-1194	84	6	of	of	ADP
arjefm-1194	84	7	smes	sme	NOUN
arjefm-1194	84	8	the	the	DET
arjefm-1194	84	9	availability	availability	NOUN
arjefm-1194	84	10	of	of	ADP
arjefm-1194	84	11	venture	venture	NOUN
arjefm-1194	84	12	capital	capital	NOUN
arjefm-1194	84	13	financing	financing	NOUN
arjefm-1194	84	14	can	can	AUX
arjefm-1194	84	15	significantly	significantly	ADV
arjefm-1194	84	16	influence	influence	VERB
arjefm-1194	84	17	the	the	DET
arjefm-1194	84	18	existence	existence	NOUN
arjefm-1194	84	19	of	of	ADP
arjefm-1194	84	20	smes	sme	NOUN
arjefm-1194	84	21	by	by	ADP
arjefm-1194	84	22	enabling	enable	VERB
arjefm-1194	84	23	them	they	PRON
arjefm-1194	84	24	to	to	PART
arjefm-1194	84	25	undertake	undertake	VERB
arjefm-1194	84	26	various	various	ADJ
arjefm-1194	84	27	business	business	NOUN
arjefm-1194	84	28	activities	activity	NOUN
arjefm-1194	84	29	that	that	PRON
arjefm-1194	84	30	are	be	AUX
arjefm-1194	84	31	vital	vital	ADJ
arjefm-1194	84	32	for	for	ADP
arjefm-1194	84	33	their	their	PRON
arjefm-1194	84	34	sustainability	sustainability	NOUN
arjefm-1194	84	35	.	.	PUNCT
arjefm-1194	85	1	for	for	ADP
arjefm-1194	85	2	instance	instance	NOUN
arjefm-1194	85	3	,	,	PUNCT
arjefm-1194	85	4	venture	venture	NOUN
arjefm-1194	85	5	capital	capital	NOUN
arjefm-1194	85	6	funding	funding	NOUN
arjefm-1194	85	7	often	often	ADV
arjefm-1194	85	8	supports	support	VERB
arjefm-1194	85	9	research	research	NOUN
arjefm-1194	85	10	and	and	CCONJ
arjefm-1194	85	11	development	development	NOUN
arjefm-1194	85	12	(	(	PUNCT
arjefm-1194	85	13	r&d	r&d	NOUN
arjefm-1194	85	14	)	)	PUNCT
arjefm-1194	85	15	initiatives	initiative	NOUN
arjefm-1194	85	16	,	,	PUNCT
arjefm-1194	85	17	which	which	PRON
arjefm-1194	85	18	are	be	AUX
arjefm-1194	85	19	essential	essential	ADJ
arjefm-1194	85	20	for	for	ADP
arjefm-1194	85	21	innovation	innovation	NOUN
arjefm-1194	85	22	and	and	CCONJ
arjefm-1194	85	23	product	product	NOUN
arjefm-1194	85	24	development	development	NOUN
arjefm-1194	85	25	.	.	PUNCT
arjefm-1194	86	1	by	by	ADP
arjefm-1194	86	2	investing	invest	VERB
arjefm-1194	86	3	in	in	ADP
arjefm-1194	86	4	r&d	r&d	NOUN
arjefm-1194	86	5	,	,	PUNCT
arjefm-1194	86	6	smes	sme	NOUN
arjefm-1194	86	7	can	can	AUX
arjefm-1194	86	8	develop	develop	VERB
arjefm-1194	86	9	new	new	ADJ
arjefm-1194	86	10	products	product	NOUN
arjefm-1194	86	11	and	and	CCONJ
arjefm-1194	86	12	services	service	NOUN
arjefm-1194	86	13	,	,	PUNCT
arjefm-1194	86	14	improve	improve	VERB
arjefm-1194	86	15	their	their	PRON
arjefm-1194	86	16	competitive	competitive	ADJ
arjefm-1194	86	17	edge	edge	NOUN
arjefm-1194	86	18	,	,	PUNCT
arjefm-1194	86	19	and	and	CCONJ
arjefm-1194	86	20	adapt	adapt	VERB
arjefm-1194	86	21	to	to	ADP
arjefm-1194	86	22	changing	change	VERB
arjefm-1194	86	23	market	market	NOUN
arjefm-1194	86	24	conditions	condition	NOUN
arjefm-1194	86	25	,	,	PUNCT
arjefm-1194	86	26	thereby	thereby	ADV
arjefm-1194	86	27	increasing	increase	VERB
arjefm-1194	86	28	their	their	PRON
arjefm-1194	86	29	chances	chance	NOUN
arjefm-1194	86	30	of	of	ADP
arjefm-1194	86	31	long	long	ADJ
arjefm-1194	86	32	-	-	PUNCT
arjefm-1194	86	33	term	term	NOUN
arjefm-1194	86	34	survival	survival	NOUN
arjefm-1194	86	35	(	(	PUNCT
arjefm-1194	86	36	manyani	manyani	NOUN
arjefm-1194	86	37	,	,	PUNCT
arjefm-1194	86	38	2014	2014	NUM
arjefm-1194	86	39	)	)	PUNCT
arjefm-1194	86	40	.	.	PUNCT
arjefm-1194	87	1	the	the	DET
arjefm-1194	87	2	influence	influence	NOUN
arjefm-1194	87	3	of	of	ADP
arjefm-1194	87	4	venture	venture	NOUN
arjefm-1194	87	5	capital	capital	NOUN
arjefm-1194	87	6	financing	financing	NOUN
arjefm-1194	87	7	on	on	ADP
arjefm-1194	87	8	sme	sme	PROPN
arjefm-1194	87	9	existence	existence	NOUN
arjefm-1194	87	10	also	also	ADV
arjefm-1194	87	11	extends	extend	VERB
arjefm-1194	87	12	to	to	ADP
arjefm-1194	87	13	market	market	NOUN
arjefm-1194	87	14	expansion	expansion	NOUN
arjefm-1194	87	15	and	and	CCONJ
arjefm-1194	87	16	scaling	scale	VERB
arjefm-1194	87	17	efforts	effort	NOUN
arjefm-1194	87	18	.	.	PUNCT
arjefm-1194	88	1	venture	venture	NOUN
arjefm-1194	88	2	capital	capital	NOUN
arjefm-1194	88	3	funding	funding	NOUN
arjefm-1194	88	4	enables	enable	VERB
arjefm-1194	88	5	smes	sme	NOUN
arjefm-1194	88	6	to	to	PART
arjefm-1194	88	7	enter	enter	VERB
arjefm-1194	88	8	new	new	ADJ
arjefm-1194	88	9	markets	market	NOUN
arjefm-1194	88	10	,	,	PUNCT
arjefm-1194	88	11	increase	increase	VERB
arjefm-1194	88	12	production	production	NOUN
arjefm-1194	88	13	capacity	capacity	NOUN
arjefm-1194	88	14	,	,	PUNCT
arjefm-1194	88	15	and	and	CCONJ
arjefm-1194	88	16	explore	explore	VERB
arjefm-1194	88	17	additional	additional	ADJ
arjefm-1194	88	18	revenue	revenue	NOUN
arjefm-1194	88	19	streams	stream	NOUN
arjefm-1194	88	20	.	.	PUNCT
arjefm-1194	89	1	these	these	DET
arjefm-1194	89	2	activities	activity	NOUN
arjefm-1194	89	3	can	can	AUX
arjefm-1194	89	4	help	help	VERB
arjefm-1194	89	5	smes	sme	NOUN
arjefm-1194	89	6	diversify	diversify	VERB
arjefm-1194	89	7	their	their	PRON
arjefm-1194	89	8	business	business	NOUN
arjefm-1194	89	9	operations	operation	NOUN
arjefm-1194	89	10	and	and	CCONJ
arjefm-1194	89	11	reduce	reduce	VERB
arjefm-1194	89	12	dependency	dependency	NOUN
arjefm-1194	89	13	on	on	ADP
arjefm-1194	89	14	a	a	DET
arjefm-1194	89	15	single	single	ADJ
arjefm-1194	89	16	market	market	NOUN
arjefm-1194	89	17	or	or	CCONJ
arjefm-1194	89	18	product	product	NOUN
arjefm-1194	89	19	line	line	NOUN
arjefm-1194	89	20	,	,	PUNCT
arjefm-1194	89	21	thereby	thereby	ADV
arjefm-1194	89	22	strengthening	strengthen	VERB
arjefm-1194	89	23	their	their	PRON
arjefm-1194	89	24	position	position	NOUN
arjefm-1194	89	25	and	and	CCONJ
arjefm-1194	89	26	resilience	resilience	NOUN
arjefm-1194	89	27	in	in	ADP
arjefm-1194	89	28	the	the	DET
arjefm-1194	89	29	market	market	NOUN
arjefm-1194	89	30	(	(	PUNCT
arjefm-1194	89	31	kauffman	kauffman	PROPN
arjefm-1194	89	32	&	&	CCONJ
arjefm-1194	89	33	lee	lee	PROPN
arjefm-1194	89	34	,	,	PUNCT
arjefm-1194	89	35	2019	2019	NUM
arjefm-1194	89	36	)	)	PUNCT
arjefm-1194	89	37	.	.	PUNCT
arjefm-1194	90	1	the	the	DET
arjefm-1194	90	2	dependency	dependency	NOUN
arjefm-1194	90	3	on	on	ADP
arjefm-1194	90	4	venture	venture	NOUN
arjefm-1194	90	5	capital	capital	NOUN
arjefm-1194	90	6	can	can	AUX
arjefm-1194	90	7	also	also	ADV
arjefm-1194	90	8	pose	pose	VERB
arjefm-1194	90	9	risks	risk	NOUN
arjefm-1194	90	10	for	for	ADP
arjefm-1194	90	11	smes	sme	NOUN
arjefm-1194	90	12	.	.	PUNCT
arjefm-1194	91	1	the	the	DET
arjefm-1194	91	2	need	need	NOUN
arjefm-1194	91	3	to	to	PART
arjefm-1194	91	4	meet	meet	VERB
arjefm-1194	91	5	the	the	DET
arjefm-1194	91	6	expectations	expectation	NOUN
arjefm-1194	91	7	of	of	ADP
arjefm-1194	91	8	venture	venture	NOUN
arjefm-1194	91	9	capitalists	capitalist	NOUN
arjefm-1194	91	10	can	can	AUX
arjefm-1194	91	11	sometimes	sometimes	ADV
arjefm-1194	91	12	lead	lead	VERB
arjefm-1194	91	13	smes	sme	NOUN
arjefm-1194	91	14	to	to	PART
arjefm-1194	91	15	adopt	adopt	VERB
arjefm-1194	91	16	aggressive	aggressive	ADJ
arjefm-1194	91	17	growth	growth	NOUN
arjefm-1194	91	18	strategies	strategy	NOUN
arjefm-1194	91	19	or	or	CCONJ
arjefm-1194	91	20	make	make	VERB
arjefm-1194	91	21	short	short	ADJ
arjefm-1194	91	22	-	-	PUNCT
arjefm-1194	91	23	term	term	NOUN
arjefm-1194	91	24	decisions	decision	NOUN
arjefm-1194	91	25	that	that	PRON
arjefm-1194	91	26	may	may	AUX
arjefm-1194	91	27	not	not	PART
arjefm-1194	91	28	align	align	VERB
arjefm-1194	91	29	with	with	ADP
arjefm-1194	91	30	their	their	PRON
arjefm-1194	91	31	long	long	ADJ
arjefm-1194	91	32	-	-	PUNCT
arjefm-1194	91	33	term	term	NOUN
arjefm-1194	91	34	goals	goal	NOUN
arjefm-1194	91	35	.	.	PUNCT
arjefm-1194	92	1	this	this	DET
arjefm-1194	92	2	pressure	pressure	NOUN
arjefm-1194	92	3	can	can	AUX
arjefm-1194	92	4	affect	affect	VERB
arjefm-1194	92	5	the	the	DET
arjefm-1194	92	6	stability	stability	NOUN
arjefm-1194	92	7	and	and	CCONJ
arjefm-1194	92	8	sustainability	sustainability	NOUN
arjefm-1194	92	9	of	of	ADP
arjefm-1194	92	10	the	the	DET
arjefm-1194	92	11	business	business	NOUN
arjefm-1194	92	12	,	,	PUNCT
arjefm-1194	92	13	potentially	potentially	ADV
arjefm-1194	92	14	impacting	impact	VERB
arjefm-1194	92	15	its	its	PRON
arjefm-1194	92	16	existence	existence	NOUN
arjefm-1194	92	17	in	in	ADP
arjefm-1194	92	18	the	the	DET
arjefm-1194	92	19	long	long	ADJ
arjefm-1194	92	20	run	run	NOUN
arjefm-1194	92	21	(	(	PUNCT
arjefm-1194	92	22	achugu	achugu	NOUN
arjefm-1194	92	23	,	,	PUNCT
arjefm-1194	92	24	2017	2017	NUM
arjefm-1194	92	25	)	)	PUNCT
arjefm-1194	92	26	.	.	PUNCT
arjefm-1194	93	1	challenges	challenge	NOUN
arjefm-1194	93	2	of	of	ADP
arjefm-1194	93	3	venture	venture	NOUN
arjefm-1194	93	4	capital	capital	NOUN
arjefm-1194	93	5	financing	financing	NOUN
arjefm-1194	93	6	however	however	ADV
arjefm-1194	93	7	,	,	PUNCT
arjefm-1194	93	8	venture	venture	NOUN
arjefm-1194	93	9	capitalists	capitalist	NOUN
arjefm-1194	93	10	usually	usually	ADV
arjefm-1194	93	11	expect	expect	VERB
arjefm-1194	93	12	rapid	rapid	ADJ
arjefm-1194	93	13	returns	return	NOUN
arjefm-1194	93	14	on	on	ADP
arjefm-1194	93	15	investment	investment	NOUN
arjefm-1194	93	16	,	,	PUNCT
arjefm-1194	93	17	which	which	PRON
arjefm-1194	93	18	can	can	AUX
arjefm-1194	93	19	put	put	VERB
arjefm-1194	93	20	undue	undue	ADJ
arjefm-1194	93	21	pressure	pressure	NOUN
arjefm-1194	93	22	on	on	ADP
arjefm-1194	93	23	smes	sme	NOUN
arjefm-1194	93	24	to	to	PART
arjefm-1194	93	25	prioritize	prioritize	VERB
arjefm-1194	93	26	short	short	ADJ
arjefm-1194	93	27	-	-	PUNCT
arjefm-1194	93	28	term	term	NOUN
arjefm-1194	93	29	gains	gain	NOUN
arjefm-1194	93	30	over	over	ADP
arjefm-1194	93	31	long	long	ADJ
arjefm-1194	93	32	-	-	PUNCT
arjefm-1194	93	33	term	term	NOUN
arjefm-1194	93	34	growth	growth	NOUN
arjefm-1194	93	35	,	,	PUNCT
arjefm-1194	93	36	often	often	ADV
arjefm-1194	93	37	resulting	result	VERB
arjefm-1194	93	38	in	in	ADP
arjefm-1194	93	39	unsustainable	unsustainable	ADJ
arjefm-1194	93	40	business	business	NOUN
arjefm-1194	93	41	practices	practice	NOUN
arjefm-1194	93	42	as	as	SCONJ
arjefm-1194	93	43	smes	sme	NOUN
arjefm-1194	93	44	accepting	accept	VERB
arjefm-1194	93	45	venture	venture	NOUN
arjefm-1194	93	46	capital	capital	NOUN
arjefm-1194	93	47	often	often	ADV
arjefm-1194	93	48	means	mean	VERB
arjefm-1194	93	49	giving	give	VERB
arjefm-1194	93	50	up	up	ADP
arjefm-1194	93	51	significant	significant	ADJ
arjefm-1194	93	52	equity	equity	NOUN
arjefm-1194	93	53	and	and	CCONJ
arjefm-1194	93	54	control	control	NOUN
arjefm-1194	93	55	in	in	ADP
arjefm-1194	93	56	their	their	PRON
arjefm-1194	93	57	company	company	NOUN
arjefm-1194	93	58	,	,	PUNCT
arjefm-1194	93	59	which	which	PRON
arjefm-1194	93	60	can	can	AUX
arjefm-1194	93	61	limit	limit	VERB
arjefm-1194	93	62	decision	decision	NOUN
arjefm-1194	93	63	-	-	PUNCT
arjefm-1194	93	64	making	make	VERB
arjefm-1194	93	65	flexibility	flexibility	NOUN
arjefm-1194	93	66	and	and	CCONJ
arjefm-1194	93	67	affect	affect	VERB
arjefm-1194	93	68	profitability	profitability	NOUN
arjefm-1194	93	69	.	.	PUNCT
arjefm-1194	94	1	again	again	ADV
arjefm-1194	94	2	,	,	PUNCT
arjefm-1194	94	3	founders	founder	NOUN
arjefm-1194	94	4	might	might	AUX
arjefm-1194	94	5	prioritize	prioritize	VERB
arjefm-1194	94	6	the	the	DET
arjefm-1194	94	7	venture	venture	NOUN
arjefm-1194	94	8	capitalist	capitalist	NOUN
arjefm-1194	94	9	’s	’s	PART
arjefm-1194	94	10	agenda	agenda	NOUN
arjefm-1194	94	11	over	over	ADP
arjefm-1194	94	12	what	what	PRON
arjefm-1194	94	13	is	be	AUX
arjefm-1194	94	14	best	good	ADJ
arjefm-1194	94	15	for	for	ADP
arjefm-1194	94	16	the	the	DET
arjefm-1194	94	17	company	company	NOUN
arjefm-1194	94	18	(	(	PUNCT
arjefm-1194	94	19	adedeji	adedeji	NOUN
arjefm-1194	94	20	and	and	CCONJ
arjefm-1194	94	21	yusuf	yusuf	PROPN
arjefm-1194	94	22	,	,	PUNCT
arjefm-1194	94	23	2018	2018	NUM
arjefm-1194	94	24	)	)	PUNCT
arjefm-1194	94	25	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	PROPN
arjefm-1194	94	26	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1194	94	27	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1194	95	1	american	american	PROPN
arjefm-1194	95	2	research	research	PROPN
arjefm-1194	95	3	journal	journal	PROPN
arjefm-1194	95	4	of	of	ADP
arjefm-1194	95	5	economics	economic	NOUN
arjefm-1194	95	6	,	,	PUNCT
arjefm-1194	95	7	finance	finance	NOUN
arjefm-1194	95	8	and	and	CCONJ
arjefm-1194	95	9	management	management	NOUN
arjefm-1194	95	10	volume	volume	NOUN
arjefm-1194	95	11	13	13	NUM
arjefm-1194	95	12	issue	issue	NOUN
arjefm-1194	95	13	1	1	NUM
arjefm-1194	95	14	,	,	PUNCT
arjefm-1194	95	15	january	january	PROPN
arjefm-1194	95	16	-march	-march	PROPN
arjefm-1194	95	17	2025	2025	NUM
arjefm-1194	95	18	issn	issn	NOUN
arjefm-1194	95	19	:	:	PUNCT
arjefm-1194	95	20	2836	2836	NUM
arjefm-1194	95	21	-	-	SYM
arjefm-1194	95	22	9416	9416	NUM
arjefm-1194	95	23	impact	impact	NOUN
arjefm-1194	95	24	factor	factor	NOUN
arjefm-1194	95	25	:	:	PUNCT
arjefm-1194	95	26	6.41	6.41	NUM
arjefm-1194	95	27	journal	journal	NOUN
arjefm-1194	95	28	homepage	homepage	NOUN
arjefm-1194	95	29	:	:	PUNCT
arjefm-1194	95	30	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1194	95	31	,	,	PUNCT
arjefm-1194	95	32	email	email	NOUN
arjefm-1194	95	33	:	:	PUNCT
arjefm-1194	96	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1194	96	2	official	official	ADJ
arjefm-1194	96	3	journal	journal	PROPN
arjefm-1194	96	4	of	of	ADP
arjefm-1194	96	5	america	america	PROPN
arjefm-1194	96	6	serial	serial	PROPN
arjefm-1194	96	7	publication	publication	NOUN
arjefm-1194	96	8	american	american	PROPN
arjefm-1194	96	9	research	research	PROPN
arjefm-1194	96	10	journal	journal	PROPN
arjefm-1194	96	11	of	of	ADP
arjefm-1194	96	12	economics	economic	NOUN
arjefm-1194	96	13	,	,	PUNCT
arjefm-1194	96	14	finance	finance	NOUN
arjefm-1194	96	15	and	and	CCONJ
arjefm-1194	96	16	management	management	NOUN
arjefm-1194	96	17	https://americaserial.com/journals/index.php/	https://americaserial.com/journals/index.php/	PROPN
arjefm-1194	96	18	arjefm	arjefm	PROPN
arjefm-1194	96	19	,	,	PUNCT
arjefm-1194	96	20	email	email	NOUN
arjefm-1194	96	21	:	:	PUNCT
arjefm-1194	96	22	contact@americaserial.com	contact@americaserial.com	X
arjefm-1194	96	23	217	217	NUM
arjefm-1194	97	1	|	|	ADV
arjefm-1194	97	2	p	p	X
arjefm-1194	97	3	a	a	DET
arjefm-1194	97	4	g	g	NOUN
arjefm-1194	97	5	e	e	NOUN
arjefm-1194	97	6	venture	venture	NOUN
arjefm-1194	97	7	capitalists	capitalist	NOUN
arjefm-1194	97	8	may	may	AUX
arjefm-1194	97	9	push	push	VERB
arjefm-1194	97	10	for	for	ADP
arjefm-1194	97	11	automation	automation	NOUN
arjefm-1194	97	12	and	and	CCONJ
arjefm-1194	97	13	lean	lean	ADJ
arjefm-1194	97	14	staffing	staffing	NOUN
arjefm-1194	97	15	to	to	PART
arjefm-1194	97	16	increase	increase	VERB
arjefm-1194	97	17	profitability	profitability	NOUN
arjefm-1194	97	18	at	at	ADP
arjefm-1194	97	19	the	the	DET
arjefm-1194	97	20	expense	expense	NOUN
arjefm-1194	97	21	of	of	ADP
arjefm-1194	97	22	job	job	NOUN
arjefm-1194	97	23	creation	creation	NOUN
arjefm-1194	97	24	(	(	PUNCT
arjefm-1194	97	25	olaniyi	olaniyi	NOUN
arjefm-1194	97	26	and	and	CCONJ
arjefm-1194	97	27	olayemi	olayemi	PROPN
arjefm-1194	97	28	,	,	PUNCT
arjefm-1194	97	29	2020	2020	NUM
arjefm-1194	97	30	)	)	PUNCT
arjefm-1194	97	31	.	.	PUNCT
arjefm-1194	98	1	the	the	DET
arjefm-1194	98	2	formal	formal	ADJ
arjefm-1194	98	3	application	application	NOUN
arjefm-1194	98	4	and	and	CCONJ
arjefm-1194	98	5	vetting	vetting	NOUN
arjefm-1194	98	6	process	process	NOUN
arjefm-1194	98	7	for	for	ADP
arjefm-1194	98	8	receiving	receive	VERB
arjefm-1194	98	9	venture	venture	NOUN
arjefm-1194	98	10	capital	capital	NOUN
arjefm-1194	98	11	is	be	AUX
arjefm-1194	98	12	often	often	ADV
arjefm-1194	98	13	complicated	complicate	VERB
arjefm-1194	98	14	,	,	PUNCT
arjefm-1194	98	15	making	make	VERB
arjefm-1194	98	16	it	it	PRON
arjefm-1194	98	17	difficult	difficult	ADJ
arjefm-1194	98	18	for	for	ADP
arjefm-1194	98	19	small	small	ADJ
arjefm-1194	98	20	-	-	PUNCT
arjefm-1194	98	21	scale	scale	NOUN
arjefm-1194	98	22	entrepreneurs	entrepreneur	NOUN
arjefm-1194	98	23	to	to	PART
arjefm-1194	98	24	access	access	NOUN
arjefm-1194	98	25	funds	fund	NOUN
arjefm-1194	98	26	.	.	PUNCT
arjefm-1194	99	1	this	this	PRON
arjefm-1194	99	2	reduces	reduce	VERB
arjefm-1194	99	3	the	the	DET
arjefm-1194	99	4	overall	overall	ADJ
arjefm-1194	99	5	number	number	NOUN
arjefm-1194	99	6	of	of	ADP
arjefm-1194	99	7	smes	sme	NOUN
arjefm-1194	99	8	that	that	PRON
arjefm-1194	99	9	could	could	AUX
arjefm-1194	99	10	benefit	benefit	VERB
arjefm-1194	99	11	from	from	ADP
arjefm-1194	99	12	venture	venture	NOUN
arjefm-1194	99	13	capital	capital	NOUN
arjefm-1194	99	14	(	(	PUNCT
arjefm-1194	99	15	adekunle	adekunle	NOUN
arjefm-1194	99	16	,	,	PUNCT
arjefm-1194	99	17	2021	2021	NUM
arjefm-1194	99	18	)	)	PUNCT
arjefm-1194	99	19	.	.	PUNCT
arjefm-1194	100	1	the	the	DET
arjefm-1194	100	2	high	high	ADJ
arjefm-1194	100	3	expectations	expectation	NOUN
arjefm-1194	100	4	and	and	CCONJ
arjefm-1194	100	5	pressures	pressure	NOUN
arjefm-1194	100	6	from	from	ADP
arjefm-1194	100	7	venture	venture	NOUN
arjefm-1194	100	8	capitalists	capitalist	NOUN
arjefm-1194	100	9	can	can	AUX
arjefm-1194	100	10	sometimes	sometimes	ADV
arjefm-1194	100	11	lead	lead	VERB
arjefm-1194	100	12	to	to	ADP
arjefm-1194	100	13	conflicts	conflict	NOUN
arjefm-1194	100	14	over	over	ADP
arjefm-1194	100	15	business	business	NOUN
arjefm-1194	100	16	strategies	strategy	NOUN
arjefm-1194	100	17	and	and	CCONJ
arjefm-1194	100	18	priorities	priority	NOUN
arjefm-1194	100	19	.	.	PUNCT
arjefm-1194	101	1	these	these	DET
arjefm-1194	101	2	conflicts	conflict	NOUN
arjefm-1194	101	3	can	can	AUX
arjefm-1194	101	4	affect	affect	VERB
arjefm-1194	101	5	decision	decision	NOUN
arjefm-1194	101	6	-	-	PUNCT
arjefm-1194	101	7	making	make	VERB
arjefm-1194	101	8	processes	process	NOUN
arjefm-1194	101	9	and	and	CCONJ
arjefm-1194	101	10	potentially	potentially	ADV
arjefm-1194	101	11	impact	impact	VERB
arjefm-1194	101	12	profitability	profitability	NOUN
arjefm-1194	101	13	if	if	SCONJ
arjefm-1194	101	14	not	not	PART
arjefm-1194	101	15	managed	manage	VERB
arjefm-1194	101	16	effectively	effectively	ADV
arjefm-1194	101	17	.	.	PUNCT
arjefm-1194	102	1	additionally	additionally	ADV
arjefm-1194	102	2	,	,	PUNCT
arjefm-1194	102	3	the	the	DET
arjefm-1194	102	4	need	need	NOUN
arjefm-1194	102	5	to	to	PART
arjefm-1194	102	6	meet	meet	VERB
arjefm-1194	102	7	aggressive	aggressive	ADJ
arjefm-1194	102	8	growth	growth	NOUN
arjefm-1194	102	9	targets	target	NOUN
arjefm-1194	102	10	and	and	CCONJ
arjefm-1194	102	11	financial	financial	ADJ
arjefm-1194	102	12	performance	performance	NOUN
arjefm-1194	102	13	expectations	expectation	NOUN
arjefm-1194	102	14	can	can	AUX
arjefm-1194	102	15	place	place	VERB
arjefm-1194	102	16	significant	significant	ADJ
arjefm-1194	102	17	pressure	pressure	NOUN
arjefm-1194	102	18	on	on	ADP
arjefm-1194	102	19	smes	sme	NOUN
arjefm-1194	102	20	,	,	PUNCT
arjefm-1194	102	21	which	which	PRON
arjefm-1194	102	22	might	might	AUX
arjefm-1194	102	23	affect	affect	VERB
arjefm-1194	102	24	their	their	PRON
arjefm-1194	102	25	overall	overall	ADJ
arjefm-1194	102	26	stability	stability	NOUN
arjefm-1194	102	27	and	and	CCONJ
arjefm-1194	102	28	profitability	profitability	NOUN
arjefm-1194	102	29	(	(	PUNCT
arjefm-1194	102	30	gikomo	gikomo	NOUN
arjefm-1194	102	31	,	,	PUNCT
arjefm-1194	102	32	2013	2013	NUM
arjefm-1194	102	33	)	)	PUNCT
arjefm-1194	102	34	.	.	PUNCT
arjefm-1194	103	1	the	the	DET
arjefm-1194	103	2	focus	focus	NOUN
arjefm-1194	103	3	of	of	ADP
arjefm-1194	103	4	venture	venture	NOUN
arjefm-1194	103	5	capitalists	capitalist	NOUN
arjefm-1194	103	6	on	on	ADP
arjefm-1194	103	7	achieving	achieve	VERB
arjefm-1194	103	8	high	high	ADJ
arjefm-1194	103	9	returns	return	NOUN
arjefm-1194	103	10	can	can	AUX
arjefm-1194	103	11	lead	lead	VERB
arjefm-1194	103	12	to	to	ADP
arjefm-1194	103	13	short	short	ADJ
arjefm-1194	103	14	-	-	PUNCT
arjefm-1194	103	15	termism	termism	NOUN
arjefm-1194	103	16	,	,	PUNCT
arjefm-1194	103	17	where	where	SCONJ
arjefm-1194	103	18	smes	sme	NOUN
arjefm-1194	103	19	prioritize	prioritize	VERB
arjefm-1194	103	20	immediate	immediate	ADJ
arjefm-1194	103	21	financial	financial	ADJ
arjefm-1194	103	22	gains	gain	NOUN
arjefm-1194	103	23	over	over	ADP
arjefm-1194	103	24	long	long	ADJ
arjefm-1194	103	25	-	-	PUNCT
arjefm-1194	103	26	term	term	NOUN
arjefm-1194	103	27	sustainability	sustainability	NOUN
arjefm-1194	103	28	.	.	PUNCT
arjefm-1194	104	1	this	this	DET
arjefm-1194	104	2	emphasis	emphasis	NOUN
arjefm-1194	104	3	on	on	ADP
arjefm-1194	104	4	short	short	ADJ
arjefm-1194	104	5	-	-	PUNCT
arjefm-1194	104	6	term	term	NOUN
arjefm-1194	104	7	performance	performance	NOUN
arjefm-1194	104	8	might	might	AUX
arjefm-1194	104	9	drive	drive	VERB
arjefm-1194	104	10	smes	sme	NOUN
arjefm-1194	104	11	to	to	PART
arjefm-1194	104	12	pursue	pursue	VERB
arjefm-1194	104	13	high	high	ADJ
arjefm-1194	104	14	-	-	PUNCT
arjefm-1194	104	15	risk	risk	NOUN
arjefm-1194	104	16	strategies	strategy	NOUN
arjefm-1194	104	17	that	that	PRON
arjefm-1194	104	18	could	could	AUX
arjefm-1194	104	19	compromise	compromise	VERB
arjefm-1194	104	20	long	long	ADJ
arjefm-1194	104	21	-	-	PUNCT
arjefm-1194	104	22	term	term	NOUN
arjefm-1194	104	23	profitability	profitability	NOUN
arjefm-1194	104	24	and	and	CCONJ
arjefm-1194	104	25	business	business	NOUN
arjefm-1194	104	26	viability	viability	NOUN
arjefm-1194	104	27	.	.	PUNCT
arjefm-1194	105	1	therefore	therefore	ADV
arjefm-1194	105	2	,	,	PUNCT
arjefm-1194	105	3	while	while	SCONJ
arjefm-1194	105	4	vc	vc	NOUN
arjefm-1194	105	5	financing	financing	NOUN
arjefm-1194	105	6	can	can	AUX
arjefm-1194	105	7	provide	provide	VERB
arjefm-1194	105	8	significant	significant	ADJ
arjefm-1194	105	9	benefits	benefit	NOUN
arjefm-1194	105	10	,	,	PUNCT
arjefm-1194	105	11	it	it	PRON
arjefm-1194	105	12	is	be	AUX
arjefm-1194	105	13	essential	essential	ADJ
arjefm-1194	105	14	for	for	SCONJ
arjefm-1194	105	15	smes	sme	NOUN
arjefm-1194	105	16	to	to	PART
arjefm-1194	105	17	balance	balance	VERB
arjefm-1194	105	18	the	the	DET
arjefm-1194	105	19	pursuit	pursuit	NOUN
arjefm-1194	105	20	of	of	ADP
arjefm-1194	105	21	rapid	rapid	ADJ
arjefm-1194	105	22	growth	growth	NOUN
arjefm-1194	105	23	with	with	ADP
arjefm-1194	105	24	sustainable	sustainable	ADJ
arjefm-1194	105	25	business	business	NOUN
arjefm-1194	105	26	practices	practice	NOUN
arjefm-1194	105	27	(	(	PUNCT
arjefm-1194	105	28	david	david	PROPN
arjefm-1194	105	29	,	,	PUNCT
arjefm-1194	105	30	2023	2023	NUM
arjefm-1194	105	31	)	)	PUNCT
arjefm-1194	105	32	.	.	PUNCT
arjefm-1194	106	1	theoretical	theoretical	ADJ
arjefm-1194	106	2	review	review	VERB
arjefm-1194	106	3	the	the	DET
arjefm-1194	106	4	resource	resource	NOUN
arjefm-1194	106	5	based	base	VERB
arjefm-1194	106	6	theory	theory	NOUN
arjefm-1194	106	7	the	the	DET
arjefm-1194	106	8	resource	resource	NOUN
arjefm-1194	106	9	based	base	VERB
arjefm-1194	106	10	theory	theory	NOUN
arjefm-1194	106	11	of	of	ADP
arjefm-1194	106	12	entrepreneurship	entrepreneurship	NOUN
arjefm-1194	106	13	,	,	PUNCT
arjefm-1194	106	14	propounded	propound	VERB
arjefm-1194	106	15	by	by	ADP
arjefm-1194	106	16	birger	birger	PROPN
arjefm-1194	106	17	wernerfelt	wernerfelt	PROPN
arjefm-1194	106	18	in	in	ADP
arjefm-1194	106	19	the	the	DET
arjefm-1194	106	20	year	year	NOUN
arjefm-1194	106	21	(	(	PUNCT
arjefm-1194	106	22	1984	1984	NUM
arjefm-1194	106	23	)	)	PUNCT
arjefm-1194	106	24	,	,	PUNCT
arjefm-1194	106	25	argues	argue	VERB
arjefm-1194	106	26	that	that	SCONJ
arjefm-1194	106	27	access	access	NOUN
arjefm-1194	106	28	to	to	ADP
arjefm-1194	106	29	resources	resource	NOUN
arjefm-1194	106	30	by	by	ADP
arjefm-1194	106	31	founders	founder	NOUN
arjefm-1194	106	32	is	be	AUX
arjefm-1194	106	33	an	an	DET
arjefm-1194	106	34	important	important	ADJ
arjefm-1194	106	35	predictor	predictor	NOUN
arjefm-1194	106	36	of	of	ADP
arjefm-1194	106	37	opportunity	opportunity	NOUN
arjefm-1194	106	38	-	-	PUNCT
arjefm-1194	106	39	based	base	VERB
arjefm-1194	106	40	entrepreneurship	entrepreneurship	NOUN
arjefm-1194	106	41	and	and	CCONJ
arjefm-1194	106	42	new	new	ADJ
arjefm-1194	106	43	venture	venture	NOUN
arjefm-1194	106	44	growth	growth	NOUN
arjefm-1194	106	45	.	.	PUNCT
arjefm-1194	107	1	this	this	DET
arjefm-1194	107	2	theory	theory	NOUN
arjefm-1194	107	3	stresses	stress	VERB
arjefm-1194	107	4	the	the	DET
arjefm-1194	107	5	importance	importance	NOUN
arjefm-1194	107	6	of	of	ADP
arjefm-1194	107	7	financial	financial	ADJ
arjefm-1194	107	8	,	,	PUNCT
arjefm-1194	107	9	social	social	ADJ
arjefm-1194	107	10	and	and	CCONJ
arjefm-1194	107	11	human	human	ADJ
arjefm-1194	107	12	resources	resource	NOUN
arjefm-1194	107	13	as	as	SCONJ
arjefm-1194	107	14	cited	cite	VERB
arjefm-1194	107	15	by	by	ADP
arjefm-1194	107	16	kwabena	kwabena	PROPN
arjefm-1194	107	17	nkansah	nkansah	PROPN
arjefm-1194	107	18	simpeh	simpeh	PROPN
arjefm-1194	107	19	(	(	PUNCT
arjefm-1194	107	20	2011	2011	NUM
arjefm-1194	107	21	)	)	PUNCT
arjefm-1194	107	22	.	.	PUNCT
arjefm-1194	108	1	financial	financial	ADJ
arjefm-1194	108	2	,	,	PUNCT
arjefm-1194	108	3	social	social	ADJ
arjefm-1194	108	4	and	and	CCONJ
arjefm-1194	108	5	human	human	ADJ
arjefm-1194	108	6	capital	capital	NOUN
arjefm-1194	108	7	represents	represent	VERB
arjefm-1194	108	8	three	three	NUM
arjefm-1194	108	9	classes	class	NOUN
arjefm-1194	108	10	of	of	ADP
arjefm-1194	108	11	theories	theory	NOUN
arjefm-1194	108	12	under	under	ADP
arjefm-1194	108	13	the	the	DET
arjefm-1194	108	14	resource	resource	NOUN
arjefm-1194	108	15	-	-	PUNCT
arjefm-1194	108	16	based	base	VERB
arjefm-1194	108	17	entrepreneurship	entrepreneurship	NOUN
arjefm-1194	108	18	theories	theory	NOUN
arjefm-1194	108	19	.	.	PUNCT
arjefm-1194	109	1	this	this	DET
arjefm-1194	109	2	theory	theory	NOUN
arjefm-1194	109	3	suggests	suggest	VERB
arjefm-1194	109	4	that	that	SCONJ
arjefm-1194	109	5	people	people	NOUN
arjefm-1194	109	6	with	with	ADP
arjefm-1194	109	7	financial	financial	ADJ
arjefm-1194	109	8	capital	capital	NOUN
arjefm-1194	109	9	are	be	AUX
arjefm-1194	109	10	more	more	ADV
arjefm-1194	109	11	likely	likely	ADJ
arjefm-1194	109	12	to	to	PART
arjefm-1194	109	13	acquire	acquire	VERB
arjefm-1194	109	14	resources	resource	NOUN
arjefm-1194	109	15	to	to	PART
arjefm-1194	109	16	effectively	effectively	ADV
arjefm-1194	109	17	exploit	exploit	VERB
arjefm-1194	109	18	entrepreneurial	entrepreneurial	ADJ
arjefm-1194	109	19	opportunities	opportunity	NOUN
arjefm-1194	109	20	and	and	CCONJ
arjefm-1194	109	21	set	set	VERB
arjefm-1194	109	22	up	up	ADP
arjefm-1194	109	23	a	a	DET
arjefm-1194	109	24	firm	firm	NOUN
arjefm-1194	109	25	to	to	PART
arjefm-1194	109	26	do	do	VERB
arjefm-1194	109	27	so	so	ADV
arjefm-1194	109	28	.	.	PUNCT
arjefm-1194	110	1	if	if	SCONJ
arjefm-1194	110	2	venture	venture	NOUN
arjefm-1194	110	3	capital	capital	NOUN
arjefm-1194	110	4	(	(	PUNCT
arjefm-1194	110	5	vc	vc	NOUN
arjefm-1194	110	6	)	)	PUNCT
arjefm-1194	110	7	financing	financing	NOUN
arjefm-1194	110	8	provides	provide	VERB
arjefm-1194	110	9	smes	sme	NOUN
arjefm-1194	110	10	with	with	ADP
arjefm-1194	110	11	access	access	NOUN
arjefm-1194	110	12	to	to	ADP
arjefm-1194	110	13	critical	critical	ADJ
arjefm-1194	110	14	financial	financial	ADJ
arjefm-1194	110	15	resources	resource	NOUN
arjefm-1194	110	16	,	,	PUNCT
arjefm-1194	110	17	which	which	PRON
arjefm-1194	110	18	are	be	AUX
arjefm-1194	110	19	often	often	ADV
arjefm-1194	110	20	scarce	scarce	ADJ
arjefm-1194	110	21	and	and	CCONJ
arjefm-1194	110	22	difficult	difficult	ADJ
arjefm-1194	110	23	to	to	PART
arjefm-1194	110	24	obtain	obtain	VERB
arjefm-1194	110	25	through	through	ADP
arjefm-1194	110	26	traditional	traditional	ADJ
arjefm-1194	110	27	financing	financing	NOUN
arjefm-1194	110	28	methods	method	NOUN
arjefm-1194	110	29	,	,	PUNCT
arjefm-1194	110	30	according	accord	VERB
arjefm-1194	110	31	to	to	ADP
arjefm-1194	110	32	the	the	DET
arjefm-1194	110	33	resource	resource	NOUN
arjefm-1194	110	34	based	base	VERB
arjefm-1194	110	35	theory	theory	NOUN
arjefm-1194	110	36	,	,	PUNCT
arjefm-1194	110	37	these	these	DET
arjefm-1194	110	38	financial	financial	ADJ
arjefm-1194	110	39	resources	resource	NOUN
arjefm-1194	110	40	can	can	AUX
arjefm-1194	110	41	be	be	AUX
arjefm-1194	110	42	considered	consider	VERB
arjefm-1194	110	43	valuable	valuable	ADJ
arjefm-1194	110	44	and	and	CCONJ
arjefm-1194	110	45	rare	rare	ADJ
arjefm-1194	110	46	,	,	PUNCT
arjefm-1194	110	47	giving	give	VERB
arjefm-1194	110	48	smes	sme	NOUN
arjefm-1194	110	49	a	a	DET
arjefm-1194	110	50	competitive	competitive	ADJ
arjefm-1194	110	51	edge	edge	NOUN
arjefm-1194	110	52	in	in	ADP
arjefm-1194	110	53	their	their	PRON
arjefm-1194	110	54	respective	respective	ADJ
arjefm-1194	110	55	markets	market	NOUN
arjefm-1194	110	56	.	.	PUNCT
arjefm-1194	111	1	the	the	DET
arjefm-1194	111	2	infusion	infusion	NOUN
arjefm-1194	111	3	of	of	ADP
arjefm-1194	111	4	capital	capital	NOUN
arjefm-1194	111	5	allows	allow	VERB
arjefm-1194	111	6	smes	sme	NOUN
arjefm-1194	111	7	to	to	PART
arjefm-1194	111	8	invest	invest	VERB
arjefm-1194	111	9	in	in	ADP
arjefm-1194	111	10	growth	growth	NOUN
arjefm-1194	111	11	opportunities	opportunity	NOUN
arjefm-1194	111	12	,	,	PUNCT
arjefm-1194	111	13	innovate	innovate	VERB
arjefm-1194	111	14	,	,	PUNCT
arjefm-1194	111	15	and	and	CCONJ
arjefm-1194	111	16	expand	expand	VERB
arjefm-1194	111	17	operations	operation	NOUN
arjefm-1194	111	18	,	,	PUNCT
arjefm-1194	111	19	directly	directly	ADV
arjefm-1194	111	20	impacting	impact	VERB
arjefm-1194	111	21	their	their	PRON
arjefm-1194	111	22	performance	performance	NOUN
arjefm-1194	111	23	.	.	PUNCT
arjefm-1194	112	1	for	for	ADP
arjefm-1194	112	2	example	example	NOUN
arjefm-1194	112	3	,	,	PUNCT
arjefm-1194	112	4	the	the	DET
arjefm-1194	112	5	ability	ability	NOUN
arjefm-1194	112	6	to	to	PART
arjefm-1194	112	7	finance	finance	VERB
arjefm-1194	112	8	research	research	NOUN
arjefm-1194	112	9	and	and	CCONJ
arjefm-1194	112	10	development	development	NOUN
arjefm-1194	112	11	,	,	PUNCT
arjefm-1194	112	12	marketing	marketing	NOUN
arjefm-1194	112	13	,	,	PUNCT
arjefm-1194	112	14	and	and	CCONJ
arjefm-1194	112	15	scaling	scale	VERB
arjefm-1194	112	16	operations	operation	NOUN
arjefm-1194	112	17	can	can	AUX
arjefm-1194	112	18	differentiate	differentiate	VERB
arjefm-1194	112	19	an	an	DET
arjefm-1194	112	20	sme	sme	NOUN
arjefm-1194	112	21	from	from	ADP
arjefm-1194	112	22	its	its	PRON
arjefm-1194	112	23	competitors	competitor	NOUN
arjefm-1194	112	24	,	,	PUNCT
arjefm-1194	112	25	contributing	contribute	VERB
arjefm-1194	112	26	to	to	ADP
arjefm-1194	112	27	superior	superior	ADJ
arjefm-1194	112	28	performance	performance	NOUN
arjefm-1194	112	29	(	(	PUNCT
arjefm-1194	112	30	barney	barney	NOUN
arjefm-1194	112	31	,	,	PUNCT
arjefm-1194	112	32	2011	2011	NUM
arjefm-1194	112	33	)	)	PUNCT
arjefm-1194	112	34	.	.	PUNCT
arjefm-1194	113	1	empirical	empirical	ADJ
arjefm-1194	113	2	review	review	NOUN
arjefm-1194	113	3	aman	aman	NOUN
arjefm-1194	113	4	(	(	PUNCT
arjefm-1194	113	5	2020	2020	NUM
arjefm-1194	113	6	)	)	PUNCT
arjefm-1194	113	7	explored	explore	VERB
arjefm-1194	113	8	the	the	DET
arjefm-1194	113	9	impact	impact	NOUN
arjefm-1194	113	10	of	of	ADP
arjefm-1194	113	11	venture	venture	NOUN
arjefm-1194	113	12	capital	capital	NOUN
arjefm-1194	113	13	funding	funding	NOUN
arjefm-1194	113	14	on	on	ADP
arjefm-1194	113	15	the	the	DET
arjefm-1194	113	16	performance	performance	NOUN
arjefm-1194	113	17	of	of	ADP
arjefm-1194	113	18	small	small	ADJ
arjefm-1194	113	19	and	and	CCONJ
arjefm-1194	113	20	medium	medium	ADJ
arjefm-1194	113	21	-	-	PUNCT
arjefm-1194	113	22	sized	sized	ADJ
arjefm-1194	113	23	enterprises	enterprise	NOUN
arjefm-1194	113	24	(	(	PUNCT
arjefm-1194	113	25	smes	sme	NOUN
arjefm-1194	113	26	)	)	PUNCT
arjefm-1194	113	27	in	in	ADP
arjefm-1194	113	28	russia	russia	PROPN
arjefm-1194	113	29	using	use	VERB
arjefm-1194	113	30	correlation	correlation	NOUN
arjefm-1194	113	31	matrix	matrix	NOUN
arjefm-1194	113	32	and	and	CCONJ
arjefm-1194	113	33	focusing	focus	VERB
arjefm-1194	113	34	on	on	ADP
arjefm-1194	114	1	internal	internal	ADJ
arjefm-1194	114	2	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	PROPN
arjefm-1194	114	3	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1194	114	4	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1194	114	5	american	american	PROPN
arjefm-1194	114	6	research	research	PROPN
arjefm-1194	114	7	journal	journal	PROPN
arjefm-1194	114	8	of	of	ADP
arjefm-1194	114	9	economics	economic	NOUN
arjefm-1194	114	10	,	,	PUNCT
arjefm-1194	114	11	finance	finance	NOUN
arjefm-1194	114	12	and	and	CCONJ
arjefm-1194	114	13	management	management	NOUN
arjefm-1194	114	14	volume	volume	NOUN
arjefm-1194	114	15	13	13	NUM
arjefm-1194	114	16	issue	issue	NOUN
arjefm-1194	114	17	1	1	NUM
arjefm-1194	114	18	,	,	PUNCT
arjefm-1194	114	19	january	january	PROPN
arjefm-1194	114	20	-march	-march	PROPN
arjefm-1194	114	21	2025	2025	NUM
arjefm-1194	114	22	issn	issn	NOUN
arjefm-1194	114	23	:	:	PUNCT
arjefm-1194	114	24	2836	2836	NUM
arjefm-1194	114	25	-	-	SYM
arjefm-1194	114	26	9416	9416	NUM
arjefm-1194	114	27	impact	impact	NOUN
arjefm-1194	114	28	factor	factor	NOUN
arjefm-1194	114	29	:	:	PUNCT
arjefm-1194	114	30	6.41	6.41	NUM
arjefm-1194	114	31	journal	journal	NOUN
arjefm-1194	114	32	homepage	homepage	NOUN
arjefm-1194	114	33	:	:	PUNCT
arjefm-1194	114	34	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1194	114	35	,	,	PUNCT
arjefm-1194	114	36	email	email	NOUN
arjefm-1194	114	37	:	:	PUNCT
arjefm-1194	114	38	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1194	114	39	official	official	ADJ
arjefm-1194	114	40	journal	journal	PROPN
arjefm-1194	114	41	of	of	ADP
arjefm-1194	114	42	america	america	PROPN
arjefm-1194	114	43	serial	serial	PROPN
arjefm-1194	114	44	publication	publication	NOUN
arjefm-1194	114	45	american	american	PROPN
arjefm-1194	114	46	research	research	PROPN
arjefm-1194	114	47	journal	journal	PROPN
arjefm-1194	114	48	of	of	ADP
arjefm-1194	114	49	economics	economic	NOUN
arjefm-1194	114	50	,	,	PUNCT
arjefm-1194	114	51	finance	finance	NOUN
arjefm-1194	114	52	and	and	CCONJ
arjefm-1194	114	53	management	management	NOUN
arjefm-1194	114	54	https://americaserial.com/journals/index.php/	https://americaserial.com/journals/index.php/	PROPN
arjefm-1194	114	55	arjefm	arjefm	PROPN
arjefm-1194	114	56	,	,	PUNCT
arjefm-1194	114	57	email	email	NOUN
arjefm-1194	114	58	:	:	PUNCT
arjefm-1194	115	1	contact@americaserial.com	contact@americaserial.com	X
arjefm-1194	115	2	218	218	NUM
arjefm-1194	116	1	|	|	ADV
arjefm-1194	116	2	p	p	X
arjefm-1194	116	3	a	a	DET
arjefm-1194	116	4	g	g	NOUN
arjefm-1194	116	5	e	e	NOUN
arjefm-1194	116	6	organizational	organizational	ADJ
arjefm-1194	116	7	structuring	structuring	NOUN
arjefm-1194	116	8	and	and	CCONJ
arjefm-1194	116	9	human	human	ADJ
arjefm-1194	116	10	resources	resource	NOUN
arjefm-1194	116	11	management	management	NOUN
arjefm-1194	116	12	.	.	PUNCT
arjefm-1194	117	1	the	the	DET
arjefm-1194	117	2	findings	finding	NOUN
arjefm-1194	117	3	affirmed	affirm	VERB
arjefm-1194	117	4	that	that	SCONJ
arjefm-1194	117	5	venture	venture	NOUN
arjefm-1194	117	6	capital	capital	NOUN
arjefm-1194	117	7	funding	funding	NOUN
arjefm-1194	117	8	significantly	significantly	ADV
arjefm-1194	117	9	and	and	CCONJ
arjefm-1194	117	10	positively	positively	ADV
arjefm-1194	117	11	influences	influence	VERB
arjefm-1194	117	12	the	the	DET
arjefm-1194	117	13	growth	growth	NOUN
arjefm-1194	117	14	and	and	CCONJ
arjefm-1194	117	15	performance	performance	NOUN
arjefm-1194	117	16	of	of	ADP
arjefm-1194	117	17	smes	sme	NOUN
arjefm-1194	117	18	.	.	PUNCT
arjefm-1194	118	1	john	john	PROPN
arjefm-1194	118	2	(	(	PUNCT
arjefm-1194	118	3	2023	2023	NUM
arjefm-1194	118	4	)	)	PUNCT
arjefm-1194	118	5	conducted	conduct	VERB
arjefm-1194	118	6	a	a	DET
arjefm-1194	118	7	study	study	NOUN
arjefm-1194	118	8	investigating	investigate	VERB
arjefm-1194	118	9	the	the	DET
arjefm-1194	118	10	influence	influence	NOUN
arjefm-1194	118	11	of	of	ADP
arjefm-1194	118	12	venture	venture	NOUN
arjefm-1194	118	13	capital	capital	NOUN
arjefm-1194	118	14	financing	financing	NOUN
arjefm-1194	118	15	on	on	ADP
arjefm-1194	118	16	start	start	NOUN
arjefm-1194	118	17	-	-	PUNCT
arjefm-1194	118	18	up	up	ADP
arjefm-1194	118	19	success	success	NOUN
arjefm-1194	118	20	through	through	ADP
arjefm-1194	118	21	a	a	DET
arjefm-1194	118	22	comprehensive	comprehensive	ADJ
arjefm-1194	118	23	review	review	NOUN
arjefm-1194	118	24	articles	article	NOUN
arjefm-1194	118	25	,	,	PUNCT
arjefm-1194	118	26	conference	conference	NOUN
arjefm-1194	118	27	papers	paper	NOUN
arjefm-1194	118	28	,	,	PUNCT
arjefm-1194	118	29	and	and	CCONJ
arjefm-1194	118	30	relevant	relevant	ADJ
arjefm-1194	118	31	academic	academic	ADJ
arjefm-1194	118	32	publications	publication	NOUN
arjefm-1194	118	33	.	.	PUNCT
arjefm-1194	119	1	the	the	DET
arjefm-1194	119	2	study	study	NOUN
arjefm-1194	119	3	concluded	conclude	VERB
arjefm-1194	119	4	that	that	SCONJ
arjefm-1194	119	5	venture	venture	NOUN
arjefm-1194	119	6	capital	capital	NOUN
arjefm-1194	119	7	financing	financing	NOUN
arjefm-1194	119	8	substantially	substantially	ADV
arjefm-1194	119	9	contributes	contribute	VERB
arjefm-1194	119	10	to	to	PART
arjefm-1194	119	11	start	start	VERB
arjefm-1194	119	12	-	-	PUNCT
arjefm-1194	119	13	up	up	ADP
arjefm-1194	119	14	success	success	NOUN
arjefm-1194	119	15	by	by	ADP
arjefm-1194	119	16	providing	provide	VERB
arjefm-1194	119	17	not	not	PART
arjefm-1194	119	18	only	only	ADV
arjefm-1194	119	19	financial	financial	ADJ
arjefm-1194	119	20	resources	resource	NOUN
arjefm-1194	119	21	but	but	CCONJ
arjefm-1194	119	22	also	also	ADV
arjefm-1194	119	23	valuable	valuable	ADJ
arjefm-1194	119	24	managerial	managerial	ADJ
arjefm-1194	119	25	expertise	expertise	NOUN
arjefm-1194	119	26	,	,	PUNCT
arjefm-1194	119	27	industry	industry	NOUN
arjefm-1194	119	28	connections	connection	NOUN
arjefm-1194	119	29	,	,	PUNCT
arjefm-1194	119	30	and	and	CCONJ
arjefm-1194	119	31	guidance	guidance	NOUN
arjefm-1194	119	32	.	.	PUNCT
arjefm-1194	120	1	david	david	PROPN
arjefm-1194	120	2	(	(	PUNCT
arjefm-1194	120	3	2023	2023	NUM
arjefm-1194	120	4	)	)	PUNCT
arjefm-1194	120	5	examined	examine	VERB
arjefm-1194	120	6	the	the	DET
arjefm-1194	120	7	relationship	relationship	NOUN
arjefm-1194	120	8	between	between	ADP
arjefm-1194	120	9	venture	venture	NOUN
arjefm-1194	120	10	capital	capital	NOUN
arjefm-1194	120	11	and	and	CCONJ
arjefm-1194	120	12	other	other	ADJ
arjefm-1194	120	13	sources	source	NOUN
arjefm-1194	120	14	of	of	ADP
arjefm-1194	120	15	finance	finance	NOUN
arjefm-1194	120	16	through	through	ADP
arjefm-1194	120	17	a	a	DET
arjefm-1194	120	18	literature	literature	NOUN
arjefm-1194	120	19	review	review	NOUN
arjefm-1194	120	20	of	of	ADP
arjefm-1194	120	21	both	both	DET
arjefm-1194	120	22	qualitative	qualitative	ADJ
arjefm-1194	120	23	and	and	CCONJ
arjefm-1194	120	24	quantitative	quantitative	ADJ
arjefm-1194	120	25	studies	study	NOUN
arjefm-1194	120	26	.	.	PUNCT
arjefm-1194	121	1	the	the	DET
arjefm-1194	121	2	findings	finding	NOUN
arjefm-1194	121	3	highlighted	highlight	VERB
arjefm-1194	121	4	the	the	DET
arjefm-1194	121	5	significance	significance	NOUN
arjefm-1194	121	6	of	of	ADP
arjefm-1194	121	7	venture	venture	NOUN
arjefm-1194	121	8	capital	capital	NOUN
arjefm-1194	121	9	financing	financing	NOUN
arjefm-1194	121	10	in	in	ADP
arjefm-1194	121	11	conjunction	conjunction	NOUN
arjefm-1194	121	12	with	with	ADP
arjefm-1194	121	13	other	other	ADJ
arjefm-1194	121	14	financial	financial	ADJ
arjefm-1194	121	15	sources	source	NOUN
arjefm-1194	121	16	.	.	PUNCT
arjefm-1194	122	1	baldwin	baldwin	PROPN
arjefm-1194	122	2	&	&	CCONJ
arjefm-1194	122	3	rafiquzzaman	rafiquzzaman	PROPN
arjefm-1194	122	4	(	(	PUNCT
arjefm-1194	122	5	2020	2020	NUM
arjefm-1194	122	6	)	)	PUNCT
arjefm-1194	122	7	explored	explore	VERB
arjefm-1194	122	8	the	the	DET
arjefm-1194	122	9	role	role	NOUN
arjefm-1194	122	10	of	of	ADP
arjefm-1194	122	11	financial	financial	ADJ
arjefm-1194	122	12	management	management	NOUN
arjefm-1194	122	13	skills	skill	NOUN
arjefm-1194	122	14	in	in	ADP
arjefm-1194	122	15	the	the	DET
arjefm-1194	122	16	performance	performance	NOUN
arjefm-1194	122	17	of	of	ADP
arjefm-1194	122	18	smes	sme	NOUN
arjefm-1194	122	19	in	in	ADP
arjefm-1194	122	20	malawi	malawi	PROPN
arjefm-1194	122	21	using	use	VERB
arjefm-1194	122	22	ols	ol	NOUN
arjefm-1194	122	23	method	method	NOUN
arjefm-1194	122	24	.	.	PUNCT
arjefm-1194	123	1	the	the	DET
arjefm-1194	123	2	study	study	NOUN
arjefm-1194	123	3	revealed	reveal	VERB
arjefm-1194	123	4	that	that	SCONJ
arjefm-1194	123	5	proficiency	proficiency	NOUN
arjefm-1194	123	6	in	in	ADP
arjefm-1194	123	7	financial	financial	ADJ
arjefm-1194	123	8	management	management	NOUN
arjefm-1194	123	9	supports	support	VERB
arjefm-1194	123	10	various	various	ADJ
arjefm-1194	123	11	aspects	aspect	NOUN
arjefm-1194	123	12	such	such	ADJ
arjefm-1194	123	13	as	as	ADP
arjefm-1194	123	14	capital	capital	NOUN
arjefm-1194	123	15	raising	raising	NOUN
arjefm-1194	123	16	,	,	PUNCT
arjefm-1194	123	17	profitability	profitability	NOUN
arjefm-1194	123	18	,	,	PUNCT
arjefm-1194	123	19	investor	investor	NOUN
arjefm-1194	123	20	confidence	confidence	NOUN
arjefm-1194	123	21	,	,	PUNCT
arjefm-1194	123	22	risk	risk	NOUN
arjefm-1194	123	23	mitigation	mitigation	NOUN
arjefm-1194	123	24	,	,	PUNCT
arjefm-1194	123	25	strategic	strategic	ADJ
arjefm-1194	123	26	decision	decision	NOUN
arjefm-1194	123	27	-	-	PUNCT
arjefm-1194	123	28	making	making	NOUN
arjefm-1194	123	29	,	,	PUNCT
arjefm-1194	123	30	access	access	NOUN
arjefm-1194	123	31	to	to	ADP
arjefm-1194	123	32	credit	credit	NOUN
arjefm-1194	123	33	and	and	CCONJ
arjefm-1194	123	34	financing	financing	NOUN
arjefm-1194	123	35	,	,	PUNCT
arjefm-1194	123	36	and	and	CCONJ
arjefm-1194	123	37	tax	tax	NOUN
arjefm-1194	123	38	compliance	compliance	NOUN
arjefm-1194	123	39	.	.	PUNCT
arjefm-1194	124	1	effective	effective	ADJ
arjefm-1194	124	2	financial	financial	ADJ
arjefm-1194	124	3	management	management	NOUN
arjefm-1194	124	4	contributes	contribute	VERB
arjefm-1194	124	5	to	to	ADP
arjefm-1194	124	6	long	long	ADJ
arjefm-1194	124	7	-	-	PUNCT
arjefm-1194	124	8	term	term	NOUN
arjefm-1194	124	9	sustainability	sustainability	NOUN
arjefm-1194	124	10	while	while	SCONJ
arjefm-1194	124	11	balancing	balance	VERB
arjefm-1194	124	12	growth	growth	NOUN
arjefm-1194	124	13	objectives	objective	NOUN
arjefm-1194	124	14	with	with	ADP
arjefm-1194	124	15	profitability	profitability	NOUN
arjefm-1194	124	16	.	.	PUNCT
arjefm-1194	125	1	biney	biney	NOUN
arjefm-1194	125	2	and	and	CCONJ
arjefm-1194	125	3	gan	gan	PROPN
arjefm-1194	125	4	(	(	PUNCT
arjefm-1194	125	5	2018	2018	NUM
arjefm-1194	125	6	)	)	PUNCT
arjefm-1194	125	7	investigated	investigate	VERB
arjefm-1194	125	8	the	the	DET
arjefm-1194	125	9	impact	impact	NOUN
arjefm-1194	125	10	of	of	ADP
arjefm-1194	125	11	venture	venture	NOUN
arjefm-1194	125	12	capital	capital	NOUN
arjefm-1194	125	13	financing	financing	NOUN
arjefm-1194	125	14	on	on	ADP
arjefm-1194	125	15	small	small	ADJ
arjefm-1194	125	16	and	and	CCONJ
arjefm-1194	125	17	medium	medium	ADJ
arjefm-1194	125	18	enterprises	enterprise	NOUN
arjefm-1194	125	19	’	'	PUNCT
arjefm-1194	125	20	growth	growth	NOUN
arjefm-1194	125	21	and	and	CCONJ
arjefm-1194	125	22	development	development	NOUN
arjefm-1194	125	23	in	in	ADP
arjefm-1194	125	24	ghana	ghana	PROPN
arjefm-1194	125	25	using	use	VERB
arjefm-1194	125	26	both	both	PRON
arjefm-1194	125	27	propensity	propensity	NOUN
arjefm-1194	125	28	score	score	NOUN
arjefm-1194	125	29	matching	matching	NOUN
arjefm-1194	125	30	and	and	CCONJ
arjefm-1194	125	31	difference	difference	NOUN
arjefm-1194	125	32	-	-	PUNCT
arjefm-1194	125	33	in	in	ADP
arjefm-1194	125	34	-	-	PUNCT
arjefm-1194	125	35	difference	difference	NOUN
arjefm-1194	125	36	estimation	estimation	NOUN
arjefm-1194	125	37	techniques	technique	NOUN
arjefm-1194	125	38	.	.	PUNCT
arjefm-1194	126	1	the	the	DET
arjefm-1194	126	2	result	result	NOUN
arjefm-1194	126	3	showed	show	VERB
arjefm-1194	126	4	a	a	DET
arjefm-1194	126	5	positive	positive	ADJ
arjefm-1194	126	6	and	and	CCONJ
arjefm-1194	126	7	significant	significant	ADJ
arjefm-1194	126	8	correlation	correlation	NOUN
arjefm-1194	126	9	between	between	ADP
arjefm-1194	126	10	venture	venture	NOUN
arjefm-1194	126	11	capital	capital	NOUN
arjefm-1194	126	12	financing	financing	NOUN
arjefm-1194	126	13	and	and	CCONJ
arjefm-1194	126	14	smes	sme	NOUN
arjefm-1194	126	15	’	'	PUNCT
arjefm-1194	126	16	growth	growth	NOUN
arjefm-1194	126	17	in	in	ADP
arjefm-1194	126	18	the	the	DET
arjefm-1194	126	19	context	context	NOUN
arjefm-1194	126	20	of	of	ADP
arjefm-1194	126	21	employment	employment	NOUN
arjefm-1194	126	22	and	and	CCONJ
arjefm-1194	126	23	sales	sale	NOUN
arjefm-1194	126	24	in	in	ADP
arjefm-1194	126	25	ghana	ghana	PROPN
arjefm-1194	126	26	.	.	PUNCT
arjefm-1194	127	1	achugbu	achugbu	NOUN
arjefm-1194	127	2	(	(	PUNCT
arjefm-1194	127	3	2017	2017	NUM
arjefm-1194	127	4	)	)	PUNCT
arjefm-1194	127	5	investigated	investigate	VERB
arjefm-1194	127	6	the	the	DET
arjefm-1194	127	7	impact	impact	NOUN
arjefm-1194	127	8	of	of	ADP
arjefm-1194	127	9	venture	venture	NOUN
arjefm-1194	127	10	capital	capital	NOUN
arjefm-1194	127	11	(	(	PUNCT
arjefm-1194	127	12	vc	vc	NOUN
arjefm-1194	127	13	)	)	PUNCT
arjefm-1194	127	14	financing	financing	NOUN
arjefm-1194	127	15	on	on	ADP
arjefm-1194	127	16	the	the	DET
arjefm-1194	127	17	growth	growth	NOUN
arjefm-1194	127	18	of	of	ADP
arjefm-1194	127	19	innovative	innovative	ADJ
arjefm-1194	127	20	30	30	NUM
arjefm-1194	127	21	start	start	VERB
arjefm-1194	127	22	-	-	PUNCT
arjefm-1194	127	23	up	up	ADP
arjefm-1194	127	24	companies	company	NOUN
arjefm-1194	127	25	in	in	ADP
arjefm-1194	127	26	nigeria	nigeria	PROPN
arjefm-1194	127	27	using	use	VERB
arjefm-1194	127	28	content	content	NOUN
arjefm-1194	127	29	analysis	analysis	NOUN
arjefm-1194	127	30	method	method	NOUN
arjefm-1194	127	31	.	.	PUNCT
arjefm-1194	128	1	it	it	PRON
arjefm-1194	128	2	was	be	AUX
arjefm-1194	128	3	found	find	VERB
arjefm-1194	128	4	that	that	SCONJ
arjefm-1194	128	5	venture	venture	NOUN
arjefm-1194	128	6	capital	capital	NOUN
arjefm-1194	128	7	financing	financing	NOUN
arjefm-1194	128	8	had	have	VERB
arjefm-1194	128	9	an	an	DET
arjefm-1194	128	10	impact	impact	NOUN
arjefm-1194	128	11	on	on	ADP
arjefm-1194	128	12	the	the	DET
arjefm-1194	128	13	growth	growth	NOUN
arjefm-1194	128	14	of	of	ADP
arjefm-1194	128	15	innovative	innovative	ADJ
arjefm-1194	128	16	start	start	NOUN
arjefm-1194	128	17	-	-	PUNCT
arjefm-1194	128	18	ups	up	NOUN
arjefm-1194	128	19	.	.	PUNCT
arjefm-1194	129	1	manyani	manyani	PROPN
arjefm-1194	129	2	(	(	PUNCT
arjefm-1194	129	3	2014	2014	NUM
arjefm-1194	129	4	)	)	PUNCT
arjefm-1194	129	5	investigated	investigate	VERB
arjefm-1194	129	6	effect	effect	NOUN
arjefm-1194	129	7	of	of	ADP
arjefm-1194	129	8	venture	venture	NOUN
arjefm-1194	129	9	financing	financing	NOUN
arjefm-1194	129	10	on	on	ADP
arjefm-1194	129	11	small	small	ADJ
arjefm-1194	129	12	and	and	CCONJ
arjefm-1194	129	13	medium	medium	ADJ
arjefm-1194	129	14	scale	scale	NOUN
arjefm-1194	129	15	enterprises	enterprise	NOUN
arjefm-1194	129	16	in	in	ADP
arjefm-1194	129	17	bindura	bindura	PROPN
arjefm-1194	129	18	urban	urban	ADJ
arjefm-1194	129	19	,	,	PUNCT
arjefm-1194	129	20	zimbabwe	zimbabwe	ADJ
arjefm-1194	129	21	using	use	VERB
arjefm-1194	129	22	content	content	NOUN
arjefm-1194	129	23	analysis	analysis	NOUN
arjefm-1194	129	24	and	and	CCONJ
arjefm-1194	129	25	the	the	DET
arjefm-1194	129	26	results	result	NOUN
arjefm-1194	129	27	indicated	indicate	VERB
arjefm-1194	129	28	that	that	SCONJ
arjefm-1194	129	29	the	the	DET
arjefm-1194	129	30	majority	majority	NOUN
arjefm-1194	129	31	of	of	ADP
arjefm-1194	129	32	smes	sme	NOUN
arjefm-1194	129	33	in	in	ADP
arjefm-1194	129	34	bindura	bindura	PROPN
arjefm-1194	129	35	used	use	VERB
arjefm-1194	129	36	their	their	PRON
arjefm-1194	129	37	own	own	ADJ
arjefm-1194	129	38	savings	saving	NOUN
arjefm-1194	129	39	,	,	PUNCT
arjefm-1194	129	40	family	family	NOUN
arjefm-1194	129	41	and	and	CCONJ
arjefm-1194	129	42	friends	friend	NOUN
arjefm-1194	129	43	to	to	PART
arjefm-1194	129	44	finance	finance	VERB
arjefm-1194	129	45	their	their	PRON
arjefm-1194	129	46	businesses	business	NOUN
arjefm-1194	129	47	.	.	PUNCT
arjefm-1194	130	1	this	this	PRON
arjefm-1194	130	2	is	be	AUX
arjefm-1194	130	3	because	because	SCONJ
arjefm-1194	130	4	,	,	PUNCT
arjefm-1194	130	5	the	the	DET
arjefm-1194	130	6	financing	financing	NOUN
arjefm-1194	130	7	options	option	NOUN
arjefm-1194	130	8	available	available	ADJ
arjefm-1194	130	9	to	to	ADP
arjefm-1194	130	10	bindura	bindura	PROPN
arjefm-1194	130	11	smes	smes	PROPN
arjefm-1194	130	12	are	be	AUX
arjefm-1194	130	13	impracticable	impracticable	ADJ
arjefm-1194	130	14	to	to	PART
arjefm-1194	130	15	support	support	VERB
arjefm-1194	130	16	the	the	DET
arjefm-1194	130	17	capital	capital	NOUN
arjefm-1194	130	18	required	require	VERB
arjefm-1194	130	19	for	for	ADP
arjefm-1194	130	20	their	their	PRON
arjefm-1194	130	21	operation	operation	NOUN
arjefm-1194	130	22	because	because	SCONJ
arjefm-1194	130	23	of	of	ADP
arjefm-1194	130	24	stringent	stringent	ADJ
arjefm-1194	130	25	requirements	requirement	NOUN
arjefm-1194	130	26	and	and	CCONJ
arjefm-1194	130	27	lack	lack	NOUN
arjefm-1194	130	28	of	of	ADP
arjefm-1194	130	29	collateral	collateral	ADJ
arjefm-1194	130	30	security	security	NOUN
arjefm-1194	130	31	.	.	PUNCT
arjefm-1194	131	1	gikomo	gikomo	PROPN
arjefm-1194	131	2	(	(	PUNCT
arjefm-1194	131	3	2013	2013	NUM
arjefm-1194	131	4	)	)	PUNCT
arjefm-1194	131	5	investigated	investigate	VERB
arjefm-1194	131	6	the	the	DET
arjefm-1194	131	7	effect	effect	NOUN
arjefm-1194	131	8	of	of	ADP
arjefm-1194	131	9	venture	venture	NOUN
arjefm-1194	131	10	capital	capital	NOUN
arjefm-1194	131	11	financing	financing	NOUN
arjefm-1194	131	12	on	on	ADP
arjefm-1194	131	13	the	the	DET
arjefm-1194	131	14	growth	growth	NOUN
arjefm-1194	131	15	of	of	ADP
arjefm-1194	131	16	top	top	ADJ
arjefm-1194	131	17	100	100	NUM
arjefm-1194	131	18	medium	medium	ADJ
arjefm-1194	131	19	sized	sized	ADJ
arjefm-1194	131	20	smes	sme	NOUN
arjefm-1194	131	21	in	in	ADP
arjefm-1194	131	22	kenya	kenya	PROPN
arjefm-1194	131	23	using	use	VERB
arjefm-1194	131	24	cross	cross	PROPN
arjefm-1194	131	25	sectional	sectional	ADJ
arjefm-1194	131	26	research	research	NOUN
arjefm-1194	131	27	design	design	NOUN
arjefm-1194	131	28	.	.	PUNCT
arjefm-1194	132	1	using	use	VERB
arjefm-1194	132	2	a	a	DET
arjefm-1194	132	3	regression	regression	NOUN
arjefm-1194	132	4	model	model	NOUN
arjefm-1194	132	5	the	the	DET
arjefm-1194	132	6	study	study	NOUN
arjefm-1194	132	7	found	find	VERB
arjefm-1194	132	8	out	out	ADP
arjefm-1194	132	9	that	that	SCONJ
arjefm-1194	132	10	there	there	PRON
arjefm-1194	132	11	was	be	VERB
arjefm-1194	132	12	a	a	DET
arjefm-1194	132	13	positive	positive	ADJ
arjefm-1194	132	14	and	and	CCONJ
arjefm-1194	132	15	significant	significant	ADJ
arjefm-1194	132	16	relationship	relationship	NOUN
arjefm-1194	132	17	between	between	ADP
arjefm-1194	132	18	growth	growth	NOUN
arjefm-1194	132	19	in	in	ADP
arjefm-1194	132	20	smes	sme	NOUN
arjefm-1194	132	21	and	and	CCONJ
arjefm-1194	132	22	venture	venture	NOUN
arjefm-1194	132	23	capital	capital	NOUN
arjefm-1194	132	24	financing	financing	NOUN
arjefm-1194	132	25	.	.	PUNCT
arjefm-1194	133	1	memba	memba	NOUN
arjefm-1194	133	2	,	,	PUNCT
arjefm-1194	133	3	gakure	gakure	NOUN
arjefm-1194	133	4	&	&	CCONJ
arjefm-1194	133	5	karanja	karanja	PROPN
arjefm-1194	133	6	(	(	PUNCT
arjefm-1194	133	7	2012	2012	NUM
arjefm-1194	133	8	)	)	PUNCT
arjefm-1194	133	9	,	,	PUNCT
arjefm-1194	133	10	studied	study	VERB
arjefm-1194	133	11	the	the	DET
arjefm-1194	133	12	impact	impact	NOUN
arjefm-1194	133	13	of	of	ADP
arjefm-1194	133	14	venture	venture	NOUN
arjefm-1194	133	15	capital	capital	NOUN
arjefm-1194	133	16	on	on	ADP
arjefm-1194	133	17	growth	growth	NOUN
arjefm-1194	133	18	of	of	ADP
arjefm-1194	133	19	small	small	ADJ
arjefm-1194	133	20	and	and	CCONJ
arjefm-1194	133	21	medium	medium	ADJ
arjefm-1194	133	22	enterprises	enterprise	NOUN
arjefm-1194	133	23	(	(	PUNCT
arjefm-1194	133	24	sme	sme	NOUN
arjefm-1194	133	25	)	)	PUNCT
arjefm-1194	133	26	in	in	ADP
arjefm-1194	133	27	kenya	kenya	PROPN
arjefm-1194	133	28	and	and	CCONJ
arjefm-1194	133	29	the	the	DET
arjefm-1194	133	30	findings	finding	NOUN
arjefm-1194	133	31	revealed	reveal	VERB
arjefm-1194	133	32	that	that	SCONJ
arjefm-1194	133	33	venture	venture	NOUN
arjefm-1194	133	34	capital	capital	NOUN
arjefm-1194	133	35	had	have	VERB
arjefm-1194	133	36	an	an	DET
arjefm-1194	133	37	impact	impact	NOUN
arjefm-1194	133	38	on	on	ADP
arjefm-1194	133	39	growth	growth	NOUN
arjefm-1194	133	40	of	of	ADP
arjefm-1194	133	41	sme	sme	NOUN
arjefm-1194	133	42	they	they	PRON
arjefm-1194	133	43	financed	finance	VERB
arjefm-1194	133	44	and	and	CCONJ
arjefm-1194	133	45	that	that	SCONJ
arjefm-1194	133	46	use	use	NOUN
arjefm-1194	133	47	of	of	ADP
arjefm-1194	133	48	venture	venture	NOUN
arjefm-1194	133	49	capital	capital	NOUN
arjefm-1194	133	50	can	can	AUX
arjefm-1194	133	51	be	be	AUX
arjefm-1194	133	52	profitable	profitable	ADJ
arjefm-1194	133	53	in	in	ADP
arjefm-1194	133	54	kenya	kenya	NOUN
arjefm-1194	133	55	even	even	ADV
arjefm-1194	133	56	in	in	ADP
arjefm-1194	133	57	an	an	DET
arjefm-1194	133	58	inauspicious	inauspicious	ADJ
arjefm-1194	133	59	political	political	ADJ
arjefm-1194	133	60	and	and	CCONJ
arjefm-1194	133	61	economic	economic	ADJ
arjefm-1194	133	62	climate	climate	NOUN
arjefm-1194	133	63	.	.	PUNCT
arjefm-1194	134	1	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	PROPN
arjefm-1194	134	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1194	134	3	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1194	135	1	american	american	PROPN
arjefm-1194	135	2	research	research	PROPN
arjefm-1194	135	3	journal	journal	PROPN
arjefm-1194	135	4	of	of	ADP
arjefm-1194	135	5	economics	economic	NOUN
arjefm-1194	135	6	,	,	PUNCT
arjefm-1194	135	7	finance	finance	NOUN
arjefm-1194	135	8	and	and	CCONJ
arjefm-1194	135	9	management	management	NOUN
arjefm-1194	135	10	volume	volume	NOUN
arjefm-1194	135	11	13	13	NUM
arjefm-1194	135	12	issue	issue	NOUN
arjefm-1194	135	13	1	1	NUM
arjefm-1194	135	14	,	,	PUNCT
arjefm-1194	135	15	january	january	PROPN
arjefm-1194	135	16	-march	-march	PROPN
arjefm-1194	135	17	2025	2025	NUM
arjefm-1194	135	18	issn	issn	NOUN
arjefm-1194	135	19	:	:	PUNCT
arjefm-1194	135	20	2836	2836	NUM
arjefm-1194	135	21	-	-	SYM
arjefm-1194	135	22	9416	9416	NUM
arjefm-1194	135	23	impact	impact	NOUN
arjefm-1194	135	24	factor	factor	NOUN
arjefm-1194	135	25	:	:	PUNCT
arjefm-1194	135	26	6.41	6.41	NUM
arjefm-1194	135	27	journal	journal	NOUN
arjefm-1194	135	28	homepage	homepage	NOUN
arjefm-1194	135	29	:	:	PUNCT
arjefm-1194	135	30	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1194	135	31	,	,	PUNCT
arjefm-1194	135	32	email	email	NOUN
arjefm-1194	135	33	:	:	PUNCT
arjefm-1194	136	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1194	136	2	official	official	ADJ
arjefm-1194	136	3	journal	journal	PROPN
arjefm-1194	136	4	of	of	ADP
arjefm-1194	136	5	america	america	PROPN
arjefm-1194	136	6	serial	serial	PROPN
arjefm-1194	136	7	publication	publication	NOUN
arjefm-1194	136	8	american	american	PROPN
arjefm-1194	136	9	research	research	PROPN
arjefm-1194	136	10	journal	journal	PROPN
arjefm-1194	136	11	of	of	ADP
arjefm-1194	136	12	economics	economic	NOUN
arjefm-1194	136	13	,	,	PUNCT
arjefm-1194	136	14	finance	finance	NOUN
arjefm-1194	136	15	and	and	CCONJ
arjefm-1194	136	16	management	management	NOUN
arjefm-1194	136	17	https://americaserial.com/journals/index.php/	https://americaserial.com/journals/index.php/	PROPN
arjefm-1194	136	18	arjefm	arjefm	PROPN
arjefm-1194	136	19	,	,	PUNCT
arjefm-1194	136	20	email	email	NOUN
arjefm-1194	136	21	:	:	PUNCT
arjefm-1194	136	22	contact@americaserial.com	contact@americaserial.com	X
arjefm-1194	137	1	219	219	NUM
arjefm-1194	138	1	|	|	ADV
arjefm-1194	138	2	p	p	NOUN
arjefm-1194	138	3	a	a	DET
arjefm-1194	138	4	g	g	NOUN
arjefm-1194	138	5	e	e	PROPN
arjefm-1194	138	6	dalberg	dalberg	PROPN
arjefm-1194	138	7	global	global	PROPN
arjefm-1194	138	8	development	development	PROPN
arjefm-1194	138	9	advisors	advisor	NOUN
arjefm-1194	138	10	(	(	PUNCT
arjefm-1194	138	11	2012	2012	NUM
arjefm-1194	138	12	)	)	PUNCT
arjefm-1194	138	13	assessed	assess	VERB
arjefm-1194	138	14	the	the	DET
arjefm-1194	138	15	impact	impact	NOUN
arjefm-1194	138	16	of	of	ADP
arjefm-1194	138	17	multilateral	multilateral	ADJ
arjefm-1194	138	18	investment	investment	NOUN
arjefm-1194	138	19	fund	fund	NOUN
arjefm-1194	138	20	’s	’s	PART
arjefm-1194	138	21	venture	venture	NOUN
arjefm-1194	138	22	capital	capital	NOUN
arjefm-1194	138	23	program	program	NOUN
arjefm-1194	138	24	in	in	ADP
arjefm-1194	138	25	latin	latin	PROPN
arjefm-1194	138	26	america	america	PROPN
arjefm-1194	138	27	using	use	VERB
arjefm-1194	138	28	time	time	NOUN
arjefm-1194	138	29	-	-	PUNCT
arjefm-1194	138	30	series	series	NOUN
arjefm-1194	138	31	data	datum	NOUN
arjefm-1194	138	32	.	.	PUNCT
arjefm-1194	139	1	the	the	DET
arjefm-1194	139	2	study	study	NOUN
arjefm-1194	139	3	examined	examine	VERB
arjefm-1194	139	4	impact	impact	NOUN
arjefm-1194	139	5	of	of	ADP
arjefm-1194	139	6	venture	venture	NOUN
arjefm-1194	139	7	capital	capital	NOUN
arjefm-1194	139	8	on	on	ADP
arjefm-1194	139	9	companies	company	NOUN
arjefm-1194	139	10	’	’	PART
arjefm-1194	139	11	revenue	revenue	NOUN
arjefm-1194	139	12	and	and	CCONJ
arjefm-1194	139	13	job	job	NOUN
arjefm-1194	139	14	growth	growth	NOUN
arjefm-1194	139	15	using	use	VERB
arjefm-1194	139	16	a	a	DET
arjefm-1194	139	17	pre	pre	NOUN
arjefm-1194	139	18	and	and	CCONJ
arjefm-1194	139	19	post	post	VERB
arjefm-1194	139	20	analysis	analysis	NOUN
arjefm-1194	139	21	.	.	PUNCT
arjefm-1194	140	1	the	the	DET
arjefm-1194	140	2	result	result	NOUN
arjefm-1194	140	3	revealed	reveal	VERB
arjefm-1194	140	4	that	that	SCONJ
arjefm-1194	140	5	venture	venture	NOUN
arjefm-1194	140	6	capital	capital	NOUN
arjefm-1194	140	7	-	-	PUNCT
arjefm-1194	140	8	backed	back	VERB
arjefm-1194	140	9	firms	firm	NOUN
arjefm-1194	140	10	in	in	ADP
arjefm-1194	140	11	the	the	DET
arjefm-1194	140	12	sample	sample	NOUN
arjefm-1194	140	13	under	under	ADV
arjefm-1194	140	14	.	.	PUNCT
arjefm-1194	141	1	afua	afua	PROPN
arjefm-1194	141	2	(	(	PUNCT
arjefm-1194	141	3	2011	2011	NUM
arjefm-1194	141	4	)	)	PUNCT
arjefm-1194	141	5	studied	study	VERB
arjefm-1194	141	6	the	the	DET
arjefm-1194	141	7	impact	impact	NOUN
arjefm-1194	141	8	of	of	ADP
arjefm-1194	141	9	venture	venture	NOUN
arjefm-1194	141	10	capital	capital	NOUN
arjefm-1194	141	11	financing	financing	NOUN
arjefm-1194	141	12	on	on	ADP
arjefm-1194	141	13	smes	sme	NOUN
arjefm-1194	141	14	in	in	ADP
arjefm-1194	141	15	the	the	DET
arjefm-1194	141	16	tema	tema	NOUN
arjefm-1194	141	17	metropolis	metropolis	NOUN
arjefm-1194	141	18	in	in	ADP
arjefm-1194	141	19	ghana	ghana	PROPN
arjefm-1194	141	20	using	use	VERB
arjefm-1194	141	21	primary	primary	ADJ
arjefm-1194	141	22	data	datum	NOUN
arjefm-1194	141	23	and	and	CCONJ
arjefm-1194	141	24	frequency	frequency	NOUN
arjefm-1194	141	25	counts	count	NOUN
arjefm-1194	141	26	and	and	CCONJ
arjefm-1194	141	27	percentages	percentage	NOUN
arjefm-1194	141	28	as	as	ADP
arjefm-1194	141	29	main	main	ADJ
arjefm-1194	141	30	statistical	statistical	ADJ
arjefm-1194	141	31	techniques	technique	NOUN
arjefm-1194	141	32	.	.	PUNCT
arjefm-1194	142	1	it	it	PRON
arjefm-1194	142	2	was	be	AUX
arjefm-1194	142	3	generally	generally	ADV
arjefm-1194	142	4	observed	observe	VERB
arjefm-1194	142	5	that	that	SCONJ
arjefm-1194	142	6	sme‟s	sme‟s	NUM
arjefm-1194	142	7	prefer	prefer	VERB
arjefm-1194	142	8	self	self	NOUN
arjefm-1194	142	9	-	-	PUNCT
arjefm-1194	142	10	financing	financing	NOUN
arjefm-1194	142	11	and	and	CCONJ
arjefm-1194	142	12	occasionally	occasionally	ADV
arjefm-1194	142	13	received	receive	VERB
arjefm-1194	142	14	support	support	NOUN
arjefm-1194	142	15	from	from	ADP
arjefm-1194	142	16	financial	financial	ADJ
arjefm-1194	142	17	institutions	institution	NOUN
arjefm-1194	142	18	.	.	PUNCT
arjefm-1194	143	1	while	while	SCONJ
arjefm-1194	143	2	firms	firm	NOUN
arjefm-1194	143	3	that	that	PRON
arjefm-1194	143	4	had	have	AUX
arjefm-1194	143	5	benefited	benefit	VERB
arjefm-1194	143	6	from	from	ADP
arjefm-1194	143	7	venture	venture	NOUN
arjefm-1194	143	8	capital	capital	NOUN
arjefm-1194	143	9	financing	financing	NOUN
arjefm-1194	143	10	stated	state	VERB
arjefm-1194	143	11	that	that	SCONJ
arjefm-1194	143	12	they	they	PRON
arjefm-1194	143	13	did	do	AUX
arjefm-1194	143	14	not	not	PART
arjefm-1194	143	15	only	only	ADV
arjefm-1194	143	16	receive	receive	VERB
arjefm-1194	143	17	capital	capital	NOUN
arjefm-1194	143	18	inflow	inflow	NOUN
arjefm-1194	143	19	but	but	CCONJ
arjefm-1194	143	20	was	be	AUX
arjefm-1194	143	21	accompanied	accompany	VERB
arjefm-1194	143	22	with	with	ADP
arjefm-1194	143	23	monitoring	monitoring	NOUN
arjefm-1194	143	24	,	,	PUNCT
arjefm-1194	143	25	technical	technical	ADJ
arjefm-1194	143	26	skills	skill	NOUN
arjefm-1194	143	27	and	and	CCONJ
arjefm-1194	143	28	expertise	expertise	NOUN
arjefm-1194	143	29	,	,	PUNCT
arjefm-1194	143	30	access	access	NOUN
arjefm-1194	143	31	to	to	ADP
arjefm-1194	143	32	management	management	NOUN
arjefm-1194	143	33	,	,	PUNCT
arjefm-1194	143	34	marketing	marketing	NOUN
arjefm-1194	143	35	and	and	CCONJ
arjefm-1194	143	36	distribution	distribution	NOUN
arjefm-1194	143	37	and	and	CCONJ
arjefm-1194	143	38	reputation	reputation	NOUN
arjefm-1194	143	39	for	for	ADP
arjefm-1194	143	40	attracting	attract	VERB
arjefm-1194	143	41	further	further	ADJ
arjefm-1194	143	42	finance	finance	NOUN
arjefm-1194	143	43	.	.	PUNCT
arjefm-1194	144	1	juha	juha	PROPN
arjefm-1194	144	2	(	(	PUNCT
arjefm-1194	144	3	2010	2010	NUM
arjefm-1194	144	4	)	)	PUNCT
arjefm-1194	144	5	examined	examine	VERB
arjefm-1194	144	6	the	the	DET
arjefm-1194	144	7	effect	effect	NOUN
arjefm-1194	144	8	of	of	ADP
arjefm-1194	144	9	venture	venture	NOUN
arjefm-1194	144	10	capital	capital	NOUN
arjefm-1194	144	11	investment	investment	NOUN
arjefm-1194	144	12	on	on	ADP
arjefm-1194	144	13	small	small	ADJ
arjefm-1194	144	14	and	and	CCONJ
arjefm-1194	144	15	medium	medium	ADJ
arjefm-1194	144	16	enterprises	enterprise	NOUN
arjefm-1194	144	17	in	in	ADP
arjefm-1194	144	18	finland	finland	NOUN
arjefm-1194	144	19	using	use	VERB
arjefm-1194	144	20	regression	regression	NOUN
arjefm-1194	144	21	analysis	analysis	NOUN
arjefm-1194	144	22	.	.	PUNCT
arjefm-1194	145	1	the	the	DET
arjefm-1194	145	2	result	result	NOUN
arjefm-1194	145	3	showed	show	VERB
arjefm-1194	145	4	that	that	SCONJ
arjefm-1194	145	5	venture	venture	NOUN
arjefm-1194	145	6	capitalists	capitalist	NOUN
arjefm-1194	145	7	have	have	VERB
arjefm-1194	145	8	a	a	DET
arjefm-1194	145	9	positive	positive	ADJ
arjefm-1194	145	10	effect	effect	NOUN
arjefm-1194	145	11	on	on	ADP
arjefm-1194	145	12	smes	sme	NOUN
arjefm-1194	145	13	in	in	ADP
arjefm-1194	145	14	finland	finland	PROPN
arjefm-1194	145	15	.	.	PUNCT
arjefm-1194	146	1	yap	yap	PROPN
arjefm-1194	146	2	(	(	PUNCT
arjefm-1194	146	3	2009	2009	NUM
arjefm-1194	146	4	)	)	PUNCT
arjefm-1194	146	5	analyzed	analyze	VERB
arjefm-1194	146	6	the	the	DET
arjefm-1194	146	7	effect	effect	NOUN
arjefm-1194	146	8	of	of	ADP
arjefm-1194	146	9	venture	venture	NOUN
arjefm-1194	146	10	capital	capital	NOUN
arjefm-1194	146	11	firm	firm	NOUN
arjefm-1194	146	12	's	's	PART
arjefm-1194	146	13	reputation	reputation	NOUN
arjefm-1194	146	14	on	on	ADP
arjefm-1194	146	15	its	its	PRON
arjefm-1194	146	16	start	start	VERB
arjefm-1194	146	17	-	-	PUNCT
arjefm-1194	146	18	up	up	ADP
arjefm-1194	146	19	company	company	NOUN
arjefm-1194	146	20	's	's	PART
arjefm-1194	146	21	long	long	ADJ
arjefm-1194	146	22	term	term	NOUN
arjefm-1194	146	23	operating	operating	NOUN
arjefm-1194	146	24	performance	performance	NOUN
arjefm-1194	146	25	and	and	CCONJ
arjefm-1194	146	26	survivorship	survivorship	NOUN
arjefm-1194	146	27	in	in	ADP
arjefm-1194	146	28	singapore	singapore	PROPN
arjefm-1194	146	29	.	.	PUNCT
arjefm-1194	147	1	using	use	VERB
arjefm-1194	147	2	cross	cross	NOUN
arjefm-1194	147	3	sectional	sectional	ADJ
arjefm-1194	147	4	data	datum	NOUN
arjefm-1194	147	5	and	and	CCONJ
arjefm-1194	147	6	regression	regression	NOUN
arjefm-1194	147	7	method	method	NOUN
arjefm-1194	147	8	.	.	PUNCT
arjefm-1194	148	1	the	the	DET
arjefm-1194	148	2	result	result	NOUN
arjefm-1194	148	3	showed	show	VERB
arjefm-1194	148	4	that	that	SCONJ
arjefm-1194	148	5	venture	venture	NOUN
arjefm-1194	148	6	capital	capital	NOUN
arjefm-1194	148	7	companies	company	NOUN
arjefm-1194	148	8	’	’	PART
arjefm-1194	148	9	market	market	NOUN
arjefm-1194	148	10	share	share	NOUN
arjefm-1194	148	11	and	and	CCONJ
arjefm-1194	148	12	ipo	ipo	NOUN
arjefm-1194	148	13	share	share	NOUN
arjefm-1194	148	14	have	have	VERB
arjefm-1194	148	15	strong	strong	ADJ
arjefm-1194	148	16	and	and	CCONJ
arjefm-1194	148	17	positive	positive	ADJ
arjefm-1194	148	18	association	association	NOUN
arjefm-1194	148	19	with	with	ADP
arjefm-1194	148	20	the	the	DET
arjefm-1194	148	21	post	post	ADJ
arjefm-1194	148	22	-	-	ADJ
arjefm-1194	148	23	ipo	ipo	ADJ
arjefm-1194	148	24	long	long	ADJ
arjefm-1194	148	25	-	-	PUNCT
arjefm-1194	148	26	term	term	NOUN
arjefm-1194	148	27	performance	performance	NOUN
arjefm-1194	148	28	metrics	metric	NOUN
arjefm-1194	148	29	,	,	PUNCT
arjefm-1194	148	30	and	and	CCONJ
arjefm-1194	148	31	the	the	DET
arjefm-1194	148	32	effects	effect	NOUN
arjefm-1194	148	33	are	be	AUX
arjefm-1194	148	34	statistically	statistically	ADV
arjefm-1194	148	35	significant	significant	ADJ
arjefm-1194	148	36	even	even	ADV
arjefm-1194	148	37	after	after	ADP
arjefm-1194	148	38	accounting	account	VERB
arjefm-1194	148	39	for	for	ADP
arjefm-1194	148	40	self	self	NOUN
arjefm-1194	148	41	-	-	PUNCT
arjefm-1194	148	42	selection	selection	NOUN
arjefm-1194	148	43	bias	bias	NOUN
arjefm-1194	148	44	.	.	PUNCT
arjefm-1194	149	1	dagogo	dagogo	PROPN
arjefm-1194	149	2	&	&	CCONJ
arjefm-1194	149	3	ollor	ollor	PROPN
arjefm-1194	149	4	(	(	PUNCT
arjefm-1194	149	5	2019	2019	NUM
arjefm-1194	149	6	)	)	PUNCT
arjefm-1194	149	7	examined	examine	VERB
arjefm-1194	149	8	the	the	DET
arjefm-1194	149	9	effect	effect	NOUN
arjefm-1194	149	10	of	of	ADP
arjefm-1194	149	11	venture	venture	NOUN
arjefm-1194	149	12	capital	capital	NOUN
arjefm-1194	149	13	financing	financing	NOUN
arjefm-1194	149	14	on	on	ADP
arjefm-1194	149	15	the	the	DET
arjefm-1194	149	16	economic	economic	ADJ
arjefm-1194	149	17	value	value	NOUN
arjefm-1194	149	18	added	add	VERB
arjefm-1194	149	19	profile	profile	NOUN
arjefm-1194	149	20	of	of	ADP
arjefm-1194	149	21	nigerian	nigerian	ADJ
arjefm-1194	149	22	smes	sme	NOUN
arjefm-1194	149	23	using	use	VERB
arjefm-1194	149	24	paired	pair	VERB
arjefm-1194	149	25	t	t	NOUN
arjefm-1194	149	26	-	-	PUNCT
arjefm-1194	149	27	tests	test	NOUN
arjefm-1194	149	28	and	and	CCONJ
arjefm-1194	149	29	multiple	multiple	ADJ
arjefm-1194	149	30	regression	regression	NOUN
arjefm-1194	149	31	analysis	analysis	NOUN
arjefm-1194	149	32	.	.	PUNCT
arjefm-1194	150	1	the	the	DET
arjefm-1194	150	2	result	result	NOUN
arjefm-1194	150	3	showed	show	VERB
arjefm-1194	150	4	that	that	SCONJ
arjefm-1194	150	5	the	the	DET
arjefm-1194	150	6	percentage	percentage	NOUN
arjefm-1194	150	7	growth	growth	NOUN
arjefm-1194	150	8	of	of	ADP
arjefm-1194	150	9	average	average	ADJ
arjefm-1194	150	10	economic	economic	ADJ
arjefm-1194	150	11	value	value	NOUN
arjefm-1194	150	12	added	add	VERB
arjefm-1194	150	13	of	of	ADP
arjefm-1194	150	14	venture	venture	NOUN
arjefm-1194	150	15	capital	capital	NOUN
arjefm-1194	150	16	-backed	-backe	VERB
arjefm-1194	150	17	smes	sme	NOUN
arjefm-1194	150	18	from	from	ADP
arjefm-1194	150	19	2003	2003	NUM
arjefm-1194	150	20	to	to	ADP
arjefm-1194	150	21	2007	2007	NUM
arjefm-1194	150	22	was	be	AUX
arjefm-1194	150	23	1,678	1,678	NUM
arjefm-1194	150	24	percent	percent	NOUN
arjefm-1194	150	25	,	,	PUNCT
arjefm-1194	150	26	whereas	whereas	SCONJ
arjefm-1194	150	27	there	there	PRON
arjefm-1194	150	28	was	be	VERB
arjefm-1194	150	29	a	a	DET
arjefm-1194	150	30	reduction	reduction	NOUN
arjefm-1194	150	31	in	in	ADP
arjefm-1194	150	32	the	the	DET
arjefm-1194	150	33	average	average	NOUN
arjefm-1194	150	34	of	of	ADP
arjefm-1194	150	35	economic	economic	ADJ
arjefm-1194	150	36	value	value	NOUN
arjefm-1194	150	37	added	add	VERB
arjefm-1194	150	38	of	of	ADP
arjefm-1194	150	39	non	non	ADJ
arjefm-1194	150	40	vc	vc	PROPN
arjefm-1194	150	41	-	-	PUNCT
arjefm-1194	150	42	backed	back	VERB
arjefm-1194	150	43	smes	sme	NOUN
arjefm-1194	150	44	by	by	ADP
arjefm-1194	150	45	3.3	3.3	NUM
arjefm-1194	150	46	percent	percent	NOUN
arjefm-1194	150	47	.	.	PUNCT
arjefm-1194	151	1	the	the	DET
arjefm-1194	151	2	result	result	NOUN
arjefm-1194	151	3	of	of	ADP
arjefm-1194	151	4	the	the	DET
arjefm-1194	151	5	multiple	multiple	ADJ
arjefm-1194	151	6	regression	regression	NOUN
arjefm-1194	151	7	analysis	analysis	NOUN
arjefm-1194	151	8	indicated	indicate	VERB
arjefm-1194	151	9	that	that	SCONJ
arjefm-1194	151	10	management	management	NOUN
arjefm-1194	151	11	support	support	NOUN
arjefm-1194	151	12	was	be	AUX
arjefm-1194	151	13	the	the	DET
arjefm-1194	151	14	major	major	ADJ
arjefm-1194	151	15	driver	driver	NOUN
arjefm-1194	151	16	in	in	ADP
arjefm-1194	151	17	the	the	DET
arjefm-1194	151	18	high	high	ADJ
arjefm-1194	151	19	performance	performance	NOUN
arjefm-1194	151	20	of	of	ADP
arjefm-1194	151	21	vc	vc	NOUN
arjefm-1194	151	22	-	-	PUNCT
arjefm-1194	151	23	backed	back	VERB
arjefm-1194	151	24	smes	sme	NOUN
arjefm-1194	151	25	.	.	PUNCT
arjefm-1194	152	1	egu	egu	NOUN
arjefm-1194	152	2	et.al	et.al	PROPN
arjefm-1194	152	3	(	(	PUNCT
arjefm-1194	152	4	2024	2024	NUM
arjefm-1194	152	5	)	)	PUNCT
arjefm-1194	152	6	examined	examine	VERB
arjefm-1194	152	7	the	the	DET
arjefm-1194	152	8	effect	effect	NOUN
arjefm-1194	152	9	of	of	ADP
arjefm-1194	152	10	venture	venture	NOUN
arjefm-1194	152	11	capital	capital	NOUN
arjefm-1194	152	12	financing	financing	NOUN
arjefm-1194	152	13	on	on	ADP
arjefm-1194	152	14	the	the	DET
arjefm-1194	152	15	net	net	ADJ
arjefm-1194	152	16	sales	sale	NOUN
arjefm-1194	152	17	,	,	PUNCT
arjefm-1194	152	18	net	net	ADJ
arjefm-1194	152	19	profit	profit	NOUN
arjefm-1194	152	20	and	and	CCONJ
arjefm-1194	152	21	return	return	VERB
arjefm-1194	152	22	on	on	ADP
arjefm-1194	152	23	assets	asset	NOUN
arjefm-1194	152	24	of	of	ADP
arjefm-1194	152	25	smes	sme	NOUN
arjefm-1194	152	26	in	in	ADP
arjefm-1194	152	27	cross	cross	PROPN
arjefm-1194	152	28	river	river	PROPN
arjefm-1194	152	29	state	state	PROPN
arjefm-1194	152	30	,	,	PUNCT
arjefm-1194	152	31	nigeria	nigeria	PROPN
arjefm-1194	152	32	.	.	PUNCT
arjefm-1194	153	1	data	datum	NOUN
arjefm-1194	153	2	was	be	AUX
arjefm-1194	153	3	collected	collect	VERB
arjefm-1194	153	4	from	from	ADP
arjefm-1194	153	5	smes	sme	NOUN
arjefm-1194	153	6	in	in	ADP
arjefm-1194	153	7	cross	cross	PROPN
arjefm-1194	153	8	river	river	PROPN
arjefm-1194	153	9	state	state	NOUN
arjefm-1194	153	10	that	that	PRON
arjefm-1194	153	11	registered	register	VERB
arjefm-1194	153	12	with	with	ADP
arjefm-1194	153	13	corporate	corporate	ADJ
arjefm-1194	153	14	affairs	affair	NOUN
arjefm-1194	153	15	commission	commission	NOUN
arjefm-1194	153	16	and	and	CCONJ
arjefm-1194	153	17	have	have	AUX
arjefm-1194	153	18	used	use	VERB
arjefm-1194	153	19	venture	venture	NOUN
arjefm-1194	153	20	capital	capital	NOUN
arjefm-1194	153	21	and	and	CCONJ
arjefm-1194	153	22	analyzed	analyze	VERB
arjefm-1194	153	23	using	use	VERB
arjefm-1194	153	24	descriptive	descriptive	ADJ
arjefm-1194	153	25	statistics	statistic	NOUN
arjefm-1194	153	26	of	of	ADP
arjefm-1194	153	27	mean	mean	ADJ
arjefm-1194	153	28	and	and	CCONJ
arjefm-1194	153	29	standard	standard	ADJ
arjefm-1194	153	30	deviation	deviation	NOUN
arjefm-1194	153	31	.	.	PUNCT
arjefm-1194	154	1	the	the	DET
arjefm-1194	154	2	findings	finding	NOUN
arjefm-1194	154	3	revealed	reveal	VERB
arjefm-1194	154	4	that	that	SCONJ
arjefm-1194	154	5	there	there	PRON
arjefm-1194	154	6	was	be	VERB
arjefm-1194	154	7	significant	significant	ADJ
arjefm-1194	154	8	difference	difference	NOUN
arjefm-1194	154	9	in	in	ADP
arjefm-1194	154	10	net	net	ADJ
arjefm-1194	154	11	sales	sale	NOUN
arjefm-1194	154	12	,	,	PUNCT
arjefm-1194	154	13	net	net	ADJ
arjefm-1194	154	14	profit	profit	NOUN
arjefm-1194	154	15	and	and	CCONJ
arjefm-1194	154	16	return	return	VERB
arjefm-1194	154	17	on	on	ADP
arjefm-1194	154	18	assets	asset	NOUN
arjefm-1194	154	19	after	after	ADP
arjefm-1194	154	20	using	use	VERB
arjefm-1194	154	21	venture	venture	NOUN
arjefm-1194	154	22	capital	capital	NOUN
arjefm-1194	154	23	financing	financing	NOUN
arjefm-1194	154	24	.	.	PUNCT
arjefm-1194	155	1	emerah	emerah	PROPN
arjefm-1194	155	2	et.al	et.al	PROPN
arjefm-1194	155	3	(	(	PUNCT
arjefm-1194	155	4	2020	2020	NUM
arjefm-1194	155	5	)	)	PUNCT
arjefm-1194	155	6	explored	explore	VERB
arjefm-1194	155	7	the	the	DET
arjefm-1194	155	8	effect	effect	NOUN
arjefm-1194	155	9	of	of	ADP
arjefm-1194	155	10	venture	venture	NOUN
arjefm-1194	155	11	capital	capital	NOUN
arjefm-1194	155	12	on	on	ADP
arjefm-1194	155	13	the	the	DET
arjefm-1194	155	14	performance	performance	NOUN
arjefm-1194	155	15	of	of	ADP
arjefm-1194	155	16	small	small	ADJ
arjefm-1194	155	17	and	and	CCONJ
arjefm-1194	155	18	medium	medium	ADJ
arjefm-1194	155	19	scale	scale	NOUN
arjefm-1194	155	20	enterprises	enterprise	NOUN
arjefm-1194	155	21	which	which	PRON
arjefm-1194	155	22	have	have	AUX
arjefm-1194	155	23	received	receive	VERB
arjefm-1194	155	24	assistance	assistance	NOUN
arjefm-1194	155	25	from	from	ADP
arjefm-1194	155	26	vc	vc	PROPN
arjefm-1194	155	27	in	in	ADP
arjefm-1194	155	28	nigeria	nigeria	PROPN
arjefm-1194	155	29	using	use	VERB
arjefm-1194	155	30	primary	primary	ADJ
arjefm-1194	155	31	data	datum	NOUN
arjefm-1194	155	32	and	and	CCONJ
arjefm-1194	155	33	linear	linear	PROPN
arjefm-1194	155	34	regression	regression	NOUN
arjefm-1194	155	35	.	.	PUNCT
arjefm-1194	156	1	the	the	DET
arjefm-1194	156	2	results	result	NOUN
arjefm-1194	156	3	showed	show	VERB
arjefm-1194	156	4	that	that	SCONJ
arjefm-1194	156	5	venture	venture	NOUN
arjefm-1194	156	6	capital	capital	NOUN
arjefm-1194	156	7	had	have	VERB
arjefm-1194	156	8	a	a	DET
arjefm-1194	156	9	significant	significant	ADJ
arjefm-1194	156	10	positive	positive	ADJ
arjefm-1194	156	11	effect	effect	NOUN
arjefm-1194	156	12	on	on	ADP
arjefm-1194	156	13	the	the	DET
arjefm-1194	156	14	performance	performance	NOUN
arjefm-1194	156	15	of	of	ADP
arjefm-1194	156	16	small	small	ADJ
arjefm-1194	156	17	and	and	CCONJ
arjefm-1194	156	18	medium	medium	ADJ
arjefm-1194	156	19	scale	scale	NOUN
arjefm-1194	156	20	enterprises	enterprise	NOUN
arjefm-1194	156	21	in	in	ADP
arjefm-1194	156	22	nigeria	nigeria	PROPN
arjefm-1194	156	23	.	.	PUNCT
arjefm-1194	157	1	methodoloy	methodoloy	NOUN
arjefm-1194	157	2	research	research	NOUN
arjefm-1194	157	3	design	design	NOUN
arjefm-1194	157	4	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	PROPN
arjefm-1194	157	5	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1194	157	6	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1194	158	1	american	american	PROPN
arjefm-1194	158	2	research	research	PROPN
arjefm-1194	158	3	journal	journal	PROPN
arjefm-1194	158	4	of	of	ADP
arjefm-1194	158	5	economics	economic	NOUN
arjefm-1194	158	6	,	,	PUNCT
arjefm-1194	158	7	finance	finance	NOUN
arjefm-1194	158	8	and	and	CCONJ
arjefm-1194	158	9	management	management	NOUN
arjefm-1194	158	10	volume	volume	NOUN
arjefm-1194	158	11	13	13	NUM
arjefm-1194	158	12	issue	issue	NOUN
arjefm-1194	158	13	1	1	NUM
arjefm-1194	158	14	,	,	PUNCT
arjefm-1194	158	15	january	january	PROPN
arjefm-1194	158	16	-march	-march	PROPN
arjefm-1194	158	17	2025	2025	NUM
arjefm-1194	158	18	issn	issn	NOUN
arjefm-1194	158	19	:	:	PUNCT
arjefm-1194	158	20	2836	2836	NUM
arjefm-1194	158	21	-	-	SYM
arjefm-1194	158	22	9416	9416	NUM
arjefm-1194	158	23	impact	impact	NOUN
arjefm-1194	158	24	factor	factor	NOUN
arjefm-1194	158	25	:	:	PUNCT
arjefm-1194	158	26	6.41	6.41	NUM
arjefm-1194	158	27	journal	journal	NOUN
arjefm-1194	158	28	homepage	homepage	NOUN
arjefm-1194	158	29	:	:	PUNCT
arjefm-1194	158	30	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1194	158	31	,	,	PUNCT
arjefm-1194	158	32	email	email	NOUN
arjefm-1194	158	33	:	:	PUNCT
arjefm-1194	159	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1194	159	2	official	official	ADJ
arjefm-1194	159	3	journal	journal	PROPN
arjefm-1194	159	4	of	of	ADP
arjefm-1194	159	5	america	america	PROPN
arjefm-1194	159	6	serial	serial	PROPN
arjefm-1194	159	7	publication	publication	NOUN
arjefm-1194	159	8	american	american	PROPN
arjefm-1194	159	9	research	research	PROPN
arjefm-1194	159	10	journal	journal	PROPN
arjefm-1194	159	11	of	of	ADP
arjefm-1194	159	12	economics	economic	NOUN
arjefm-1194	159	13	,	,	PUNCT
arjefm-1194	159	14	finance	finance	NOUN
arjefm-1194	159	15	and	and	CCONJ
arjefm-1194	159	16	management	management	NOUN
arjefm-1194	159	17	https://americaserial.com/journals/index.php/	https://americaserial.com/journals/index.php/	PROPN
arjefm-1194	159	18	arjefm	arjefm	PROPN
arjefm-1194	159	19	,	,	PUNCT
arjefm-1194	159	20	email	email	NOUN
arjefm-1194	159	21	:	:	PUNCT
arjefm-1194	159	22	contact@americaserial.com	contact@americaserial.com	X
arjefm-1194	159	23	220	220	NUM
arjefm-1194	160	1	|	|	ADV
arjefm-1194	160	2	p	p	NOUN
arjefm-1194	160	3	a	a	DET
arjefm-1194	160	4	g	g	NOUN
arjefm-1194	160	5	e	e	NOUN
arjefm-1194	160	6	this	this	DET
arjefm-1194	160	7	study	study	NOUN
arjefm-1194	160	8	adopts	adopt	VERB
arjefm-1194	160	9	an	an	DET
arjefm-1194	160	10	ex	ex	NOUN
arjefm-1194	160	11	-	-	ADJ
arjefm-1194	160	12	post	post	ADJ
arjefm-1194	160	13	facto	facto	X
arjefm-1194	160	14	research	research	NOUN
arjefm-1194	160	15	design	design	NOUN
arjefm-1194	160	16	to	to	PART
arjefm-1194	160	17	explore	explore	VERB
arjefm-1194	160	18	the	the	DET
arjefm-1194	160	19	relationship	relationship	NOUN
arjefm-1194	160	20	between	between	ADP
arjefm-1194	160	21	venture	venture	NOUN
arjefm-1194	160	22	capital	capital	NOUN
arjefm-1194	160	23	financing	financing	NOUN
arjefm-1194	160	24	and	and	CCONJ
arjefm-1194	160	25	performance	performance	NOUN
arjefm-1194	160	26	of	of	ADP
arjefm-1194	160	27	smes	sme	NOUN
arjefm-1194	160	28	.	.	PUNCT
arjefm-1194	161	1	this	this	DET
arjefm-1194	161	2	approach	approach	NOUN
arjefm-1194	161	3	allows	allow	VERB
arjefm-1194	161	4	for	for	SCONJ
arjefm-1194	161	5	the	the	DET
arjefm-1194	161	6	analysis	analysis	NOUN
arjefm-1194	161	7	of	of	ADP
arjefm-1194	161	8	historical	historical	ADJ
arjefm-1194	161	9	data	datum	NOUN
arjefm-1194	161	10	to	to	PART
arjefm-1194	161	11	understand	understand	VERB
arjefm-1194	161	12	how	how	SCONJ
arjefm-1194	161	13	venture	venture	NOUN
arjefm-1194	161	14	capital	capital	NOUN
arjefm-1194	161	15	financing	financing	NOUN
arjefm-1194	161	16	influences	influence	VERB
arjefm-1194	161	17	the	the	DET
arjefm-1194	161	18	performance	performance	NOUN
arjefm-1194	161	19	of	of	ADP
arjefm-1194	161	20	smes	sme	NOUN
arjefm-1194	161	21	.	.	PUNCT
arjefm-1194	162	1	the	the	DET
arjefm-1194	162	2	study	study	NOUN
arjefm-1194	162	3	utilized	utilize	VERB
arjefm-1194	162	4	secondary	secondary	ADJ
arjefm-1194	162	5	data	datum	NOUN
arjefm-1194	162	6	sourced	source	VERB
arjefm-1194	162	7	from	from	ADP
arjefm-1194	162	8	world	world	PROPN
arjefm-1194	162	9	bank	bank	PROPN
arjefm-1194	162	10	database	database	NOUN
arjefm-1194	162	11	and	and	CCONJ
arjefm-1194	162	12	cbn	cbn	VERB
arjefm-1194	162	13	statistical	statistical	ADJ
arjefm-1194	162	14	bulletin	bulletin	NOUN
arjefm-1194	162	15	from	from	ADP
arjefm-1194	162	16	2011	2011	NUM
arjefm-1194	162	17	-	-	SYM
arjefm-1194	162	18	2023	2023	NUM
arjefm-1194	162	19	.	.	PUNCT
arjefm-1194	163	1	model	model	NOUN
arjefm-1194	163	2	specification	specification	NOUN
arjefm-1194	163	3	the	the	DET
arjefm-1194	163	4	study	study	NOUN
arjefm-1194	163	5	adapted	adapt	VERB
arjefm-1194	163	6	regression	regression	NOUN
arjefm-1194	163	7	model	model	NOUN
arjefm-1194	163	8	of	of	ADP
arjefm-1194	163	9	emerah	emerah	PROPN
arjefm-1194	163	10	et.al	et.al	PROPN
arjefm-1194	163	11	(	(	PUNCT
arjefm-1194	163	12	2020	2020	NUM
arjefm-1194	163	13	)	)	PUNCT
arjefm-1194	163	14	which	which	PRON
arjefm-1194	163	15	states	state	VERB
arjefm-1194	163	16	thus	thus	ADV
arjefm-1194	163	17	;	;	PUNCT
arjefm-1194	163	18	profit	profit	NOUN
arjefm-1194	163	19	=	=	PUNCT
arjefm-1194	163	20	bo	bo	PROPN
arjefm-1194	163	21	+	+	PROPN
arjefm-1194	163	22	b1na+b2s+ut	b1na+b2s+ut	PROPN
arjefm-1194	163	23	…	…	SYM
arjefm-1194	163	24	…	…	PUNCT
arjefm-1194	163	25	…	…	PUNCT
arjefm-1194	163	26	…	…	PUNCT
arjefm-1194	163	27	…	…	PUNCT
arjefm-1194	163	28	…	…	PUNCT
arjefm-1194	163	29	…	…	PUNCT
arjefm-1194	163	30	…	…	PUNCT
arjefm-1194	163	31	…	…	PUNCT
arjefm-1194	163	32	..	..	PUNCT
arjefm-1194	163	33	eq	eq	ADP
arjefm-1194	163	34	2	2	NUM
arjefm-1194	163	35	where	where	SCONJ
arjefm-1194	163	36	:	:	PUNCT
arjefm-1194	163	37	profit=	profit=	NOUN
arjefm-1194	163	38	performance	performance	NOUN
arjefm-1194	163	39	(	(	PUNCT
arjefm-1194	163	40	dependent	dependent	ADJ
arjefm-1194	163	41	variable	variable	NOUN
arjefm-1194	163	42	)	)	PUNCT
arjefm-1194	163	43	.	.	PUNCT
arjefm-1194	164	1	na=	na=	ADJ
arjefm-1194	164	2	net	net	ADJ
arjefm-1194	164	3	assets	asset	NOUN
arjefm-1194	164	4	(	(	PUNCT
arjefm-1194	164	5	independent	independent	ADJ
arjefm-1194	164	6	variable	variable	NOUN
arjefm-1194	164	7	)	)	PUNCT
arjefm-1194	164	8	s	s	PART
arjefm-1194	164	9	=	=	NOUN
arjefm-1194	164	10	sales	sale	NOUN
arjefm-1194	164	11	(	(	PUNCT
arjefm-1194	164	12	independent	independent	ADJ
arjefm-1194	164	13	variable	variable	ADJ
arjefm-1194	164	14	vc	vc	PROPN
arjefm-1194	164	15	=	=	SYM
arjefm-1194	164	16	venture	venture	NOUN
arjefm-1194	164	17	capital	capital	NOUN
arjefm-1194	164	18	the	the	DET
arjefm-1194	164	19	model	model	NOUN
arjefm-1194	164	20	was	be	AUX
arjefm-1194	164	21	modified	modify	VERB
arjefm-1194	164	22	based	base	VERB
arjefm-1194	164	23	on	on	ADP
arjefm-1194	164	24	the	the	DET
arjefm-1194	164	25	objectives	objective	NOUN
arjefm-1194	164	26	of	of	ADP
arjefm-1194	164	27	this	this	DET
arjefm-1194	164	28	study	study	NOUN
arjefm-1194	164	29	as	as	SCONJ
arjefm-1194	164	30	follows	follow	VERB
arjefm-1194	164	31	:	:	PUNCT
arjefm-1194	164	32	smep	smep	NOUN
arjefm-1194	164	33	=	=	SYM
arjefm-1194	164	34	β0	β0	NOUN
arjefm-1194	164	35	+	+	CCONJ
arjefm-1194	164	36	β1vcf	β1vcf	PROPN
arjefm-1194	165	1	+	+	CCONJ
arjefm-1194	165	2	ε	ε	PROPN
arjefm-1194	165	3	jc	jc	PROPN
arjefm-1194	165	4	=	=	PROPN
arjefm-1194	165	5	β0	β0	PROPN
arjefm-1194	165	6	+	+	CCONJ
arjefm-1194	165	7	β2vcf	β2vcf	PUNCT
arjefm-1194	166	1	+	+	NUM
arjefm-1194	166	2	ε	ε	PROPN
arjefm-1194	166	3	nsme	nsme	NOUN
arjefm-1194	166	4	=	=	SYM
arjefm-1194	166	5	β0	β0	PROPN
arjefm-1194	166	6	+	+	CCONJ
arjefm-1194	166	7	β3vcf	β3vcf	PROPN
arjefm-1194	167	1	+	+	CCONJ
arjefm-1194	167	2	ε	ε	PROPN
arjefm-1194	167	3	where	where	SCONJ
arjefm-1194	167	4	:	:	PUNCT
arjefm-1194	167	5	pfr	pfr	NOUN
arjefm-1194	167	6	=	=	NOUN
arjefm-1194	167	7	performance	performance	NOUN
arjefm-1194	167	8	of	of	ADP
arjefm-1194	167	9	smes	smes	PROPN
arjefm-1194	167	10	vcf	vcf	NOUN
arjefm-1194	167	11	=	=	SYM
arjefm-1194	167	12	venture	venture	NOUN
arjefm-1194	167	13	capital	capital	NOUN
arjefm-1194	167	14	financing	financing	NOUN
arjefm-1194	167	15	smep	smep	NOUN
arjefm-1194	167	16	=	=	PUNCT
arjefm-1194	167	17	small	small	ADJ
arjefm-1194	167	18	and	and	CCONJ
arjefm-1194	167	19	medium	medium	ADJ
arjefm-1194	167	20	scale	scale	NOUN
arjefm-1194	167	21	enterprises	enterprise	NOUN
arjefm-1194	167	22	(	(	PUNCT
arjefm-1194	167	23	smes	sme	NOUN
arjefm-1194	167	24	)	)	PUNCT
arjefm-1194	167	25	profitability	profitability	NOUN
arjefm-1194	167	26	jc	jc	PROPN
arjefm-1194	167	27	=	=	PROPN
arjefm-1194	167	28	job	job	NOUN
arjefm-1194	167	29	creation	creation	NOUN
arjefm-1194	167	30	nsmes	nsme	NOUN
arjefm-1194	167	31	=	=	NOUN
arjefm-1194	167	32	number	number	NOUN
arjefm-1194	167	33	of	of	ADP
arjefm-1194	167	34	smsall	smsall	NOUN
arjefm-1194	167	35	and	and	CCONJ
arjefm-1194	167	36	medium	medium	ADJ
arjefm-1194	167	37	scale	scale	NOUN
arjefm-1194	167	38	enterprises	enterprise	NOUN
arjefm-1194	167	39	(	(	PUNCT
arjefm-1194	167	40	smes	sme	NOUN
arjefm-1194	167	41	)	)	PUNCT
arjefm-1194	167	42	.	.	PUNCT
arjefm-1194	168	1	β0	β0	PROPN
arjefm-1194	168	2	is	be	AUX
arjefm-1194	168	3	the	the	DET
arjefm-1194	168	4	intercept	intercept	NOUN
arjefm-1194	168	5	,	,	PUNCT
arjefm-1194	168	6	β1	β1	PROPN
arjefm-1194	168	7	,	,	PUNCT
arjefm-1194	168	8	β2	β2	NOUN
arjefm-1194	168	9	and	and	CCONJ
arjefm-1194	168	10	β3	β3	ADJ
arjefm-1194	168	11	are	be	AUX
arjefm-1194	168	12	the	the	DET
arjefm-1194	168	13	coefficients	coefficient	NOUN
arjefm-1194	168	14	of	of	ADP
arjefm-1194	168	15	the	the	DET
arjefm-1194	168	16	models	model	NOUN
arjefm-1194	168	17	explanatory	explanatory	ADJ
arjefm-1194	168	18	variables	variable	NOUN
arjefm-1194	168	19	,	,	PUNCT
arjefm-1194	168	20	and	and	CCONJ
arjefm-1194	168	21	ε	ε	PROPN
arjefm-1194	168	22	is	be	AUX
arjefm-1194	168	23	the	the	DET
arjefm-1194	168	24	error	error	NOUN
arjefm-1194	168	25	term	term	NOUN
arjefm-1194	168	26	,	,	PUNCT
arjefm-1194	168	27	capturing	capture	VERB
arjefm-1194	168	28	other	other	ADJ
arjefm-1194	168	29	factors	factor	NOUN
arjefm-1194	168	30	that	that	PRON
arjefm-1194	168	31	influence	influence	NOUN
arjefm-1194	168	32	sme	sme	NOUN
arjefm-1194	168	33	performance	performance	NOUN
arjefm-1194	168	34	not	not	PART
arjefm-1194	168	35	included	include	VERB
arjefm-1194	168	36	in	in	ADP
arjefm-1194	168	37	the	the	DET
arjefm-1194	168	38	model	model	NOUN
arjefm-1194	168	39	.	.	PUNCT
arjefm-1194	169	1	method	method	NOUN
arjefm-1194	169	2	of	of	ADP
arjefm-1194	169	3	data	datum	NOUN
arjefm-1194	169	4	analysis	analysis	NOUN
arjefm-1194	169	5	data	datum	NOUN
arjefm-1194	169	6	was	be	AUX
arjefm-1194	169	7	analyzed	analyze	VERB
arjefm-1194	169	8	using	use	VERB
arjefm-1194	169	9	correlation	correlation	NOUN
arjefm-1194	169	10	matrix	matrix	NOUN
arjefm-1194	169	11	,	,	PUNCT
arjefm-1194	169	12	unit	unit	NOUN
arjefm-1194	169	13	root	root	NOUN
arjefm-1194	169	14	test	test	NOUN
arjefm-1194	169	15	and	and	CCONJ
arjefm-1194	169	16	simple	simple	ADJ
arjefm-1194	169	17	regression	regression	NOUN
arjefm-1194	169	18	analysis	analysis	NOUN
arjefm-1194	169	19	with	with	ADP
arjefm-1194	169	20	the	the	DET
arjefm-1194	169	21	help	help	NOUN
arjefm-1194	169	22	of	of	ADP
arjefm-1194	169	23	e	e	NOUN
arjefm-1194	169	24	-	-	NOUN
arjefm-1194	169	25	views	view	VERB
arjefm-1194	169	26	19	19	NUM
arjefm-1194	169	27	statistical	statistical	ADJ
arjefm-1194	169	28	software	software	NOUN
arjefm-1194	169	29	to	to	PART
arjefm-1194	169	30	ensure	ensure	VERB
arjefm-1194	169	31	robustness	robustness	NOUN
arjefm-1194	169	32	and	and	CCONJ
arjefm-1194	169	33	accuracy	accuracy	NOUN
arjefm-1194	169	34	of	of	ADP
arjefm-1194	169	35	results	result	NOUN
arjefm-1194	169	36	.	.	PUNCT
arjefm-1194	170	1	4	4	X
arjefm-1194	170	2	.	.	X
arjefm-1194	170	3	data	datum	NOUN
arjefm-1194	170	4	presentation	presentation	NOUN
arjefm-1194	170	5	and	and	CCONJ
arjefm-1194	170	6	analysis	analysis	NOUN
arjefm-1194	170	7	in	in	ADP
arjefm-1194	170	8	this	this	DET
arjefm-1194	170	9	section	section	NOUN
arjefm-1194	170	10	,	,	PUNCT
arjefm-1194	170	11	the	the	DET
arjefm-1194	170	12	descriptive	descriptive	ADJ
arjefm-1194	170	13	statistics	statistic	NOUN
arjefm-1194	170	14	for	for	ADP
arjefm-1194	170	15	the	the	DET
arjefm-1194	170	16	independent	independent	ADJ
arjefm-1194	170	17	and	and	CCONJ
arjefm-1194	170	18	dependent	dependent	ADJ
arjefm-1194	170	19	variables	variable	NOUN
arjefm-1194	170	20	under	under	ADP
arjefm-1194	170	21	consideration	consideration	NOUN
arjefm-1194	170	22	are	be	AUX
arjefm-1194	170	23	analysed	analyse	VERB
arjefm-1194	170	24	in	in	ADP
arjefm-1194	170	25	table	table	NOUN
arjefm-1194	170	26	1	1	NUM
arjefm-1194	170	27	in	in	ADP
arjefm-1194	170	28	terms	term	NOUN
arjefm-1194	170	29	of	of	ADP
arjefm-1194	170	30	its	its	PRON
arjefm-1194	170	31	mean	mean	ADJ
arjefm-1194	170	32	,	,	PUNCT
arjefm-1194	170	33	median	median	ADJ
arjefm-1194	170	34	,	,	PUNCT
arjefm-1194	170	35	maximum	maximum	ADJ
arjefm-1194	170	36	,	,	PUNCT
arjefm-1194	170	37	and	and	CCONJ
arjefm-1194	170	38	minimum	minimum	ADJ
arjefm-1194	170	39	values	value	NOUN
arjefm-1194	170	40	.	.	PUNCT
arjefm-1194	171	1	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	PROPN
arjefm-1194	171	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1194	171	3	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1194	172	1	american	american	PROPN
arjefm-1194	172	2	research	research	PROPN
arjefm-1194	172	3	journal	journal	PROPN
arjefm-1194	172	4	of	of	ADP
arjefm-1194	172	5	economics	economic	NOUN
arjefm-1194	172	6	,	,	PUNCT
arjefm-1194	172	7	finance	finance	NOUN
arjefm-1194	172	8	and	and	CCONJ
arjefm-1194	172	9	management	management	NOUN
arjefm-1194	172	10	volume	volume	NOUN
arjefm-1194	172	11	13	13	NUM
arjefm-1194	172	12	issue	issue	NOUN
arjefm-1194	172	13	1	1	NUM
arjefm-1194	172	14	,	,	PUNCT
arjefm-1194	172	15	january	january	PROPN
arjefm-1194	172	16	-march	-march	PROPN
arjefm-1194	172	17	2025	2025	NUM
arjefm-1194	172	18	issn	issn	NOUN
arjefm-1194	172	19	:	:	PUNCT
arjefm-1194	172	20	2836	2836	NUM
arjefm-1194	172	21	-	-	SYM
arjefm-1194	172	22	9416	9416	NUM
arjefm-1194	172	23	impact	impact	NOUN
arjefm-1194	172	24	factor	factor	NOUN
arjefm-1194	172	25	:	:	PUNCT
arjefm-1194	172	26	6.41	6.41	NUM
arjefm-1194	172	27	journal	journal	NOUN
arjefm-1194	172	28	homepage	homepage	NOUN
arjefm-1194	172	29	:	:	PUNCT
arjefm-1194	172	30	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1194	172	31	,	,	PUNCT
arjefm-1194	172	32	email	email	NOUN
arjefm-1194	172	33	:	:	PUNCT
arjefm-1194	173	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1194	173	2	official	official	ADJ
arjefm-1194	173	3	journal	journal	PROPN
arjefm-1194	173	4	of	of	ADP
arjefm-1194	173	5	america	america	PROPN
arjefm-1194	173	6	serial	serial	PROPN
arjefm-1194	173	7	publication	publication	NOUN
arjefm-1194	173	8	american	american	PROPN
arjefm-1194	173	9	research	research	PROPN
arjefm-1194	173	10	journal	journal	PROPN
arjefm-1194	173	11	of	of	ADP
arjefm-1194	173	12	economics	economic	NOUN
arjefm-1194	173	13	,	,	PUNCT
arjefm-1194	173	14	finance	finance	NOUN
arjefm-1194	173	15	and	and	CCONJ
arjefm-1194	173	16	management	management	NOUN
arjefm-1194	173	17	https://americaserial.com/journals/index.php/	https://americaserial.com/journals/index.php/	PROPN
arjefm-1194	173	18	arjefm	arjefm	PROPN
arjefm-1194	173	19	,	,	PUNCT
arjefm-1194	173	20	email	email	NOUN
arjefm-1194	173	21	:	:	PUNCT
arjefm-1194	173	22	contact@americaserial.com	contact@americaserial.com	X
arjefm-1194	173	23	221	221	NUM
arjefm-1194	174	1	|	|	ADV
arjefm-1194	174	2	p	p	ADP
arjefm-1194	174	3	a	a	DET
arjefm-1194	174	4	g	g	NOUN
arjefm-1194	174	5	e	e	NOUN
arjefm-1194	174	6	table	table	NOUN
arjefm-1194	174	7	1	1	NUM
arjefm-1194	174	8	:	:	PUNCT
arjefm-1194	174	9	descriptive	descriptive	ADJ
arjefm-1194	174	10	statistics	statistic	NOUN
arjefm-1194	174	11	of	of	ADP
arjefm-1194	174	12	the	the	DET
arjefm-1194	174	13	model	model	NOUN
arjefm-1194	174	14	variables	variables	PROPN
arjefm-1194	174	15	tvf	tvf	PROPN
arjefm-1194	174	16	smep	smep	PROPN
arjefm-1194	174	17	empr	empr	NOUN
arjefm-1194	174	18	nsme	nsme	NOUN
arjefm-1194	174	19	mean	mean	VERB
arjefm-1194	174	20	341.1000	341.1000	NUM
arjefm-1194	174	21	75.48801	75.48801	NUM
arjefm-1194	174	22	56.45291	56.45291	NUM
arjefm-1194	174	23	93596.64	93596.64	NUM
arjefm-1194	174	24	median	median	NOUN
arjefm-1194	174	25	104.1000	104.1000	NUM
arjefm-1194	174	26	44.82284	44.82284	NUM
arjefm-1194	174	27	56.65900	56.65900	NUM
arjefm-1194	174	28	86309.00	86309.00	NUM
arjefm-1194	174	29	maximum	maximum	NOUN
arjefm-1194	174	30	893.7000	893.7000	NUM
arjefm-1194	174	31	355.0400	355.0400	NUM
arjefm-1194	174	32	57.59100	57.59100	NUM
arjefm-1194	174	33	129980.0	129980.0	NUM
arjefm-1194	174	34	minimum	minimum	NOUN
arjefm-1194	174	35	24.40000	24.40000	NUM
arjefm-1194	174	36	10.74789	10.74789	NUM
arjefm-1194	174	37	55.02600	55.02600	NUM
arjefm-1194	174	38	70441.00	70441.00	NUM
arjefm-1194	174	39	std	std	NOUN
arjefm-1194	174	40	.	.	PUNCT
arjefm-1194	175	1	dev	dev	PROPN
arjefm-1194	175	2	.	.	PUNCT
arjefm-1194	176	1	366.1616	366.1616	NUM
arjefm-1194	176	2	100.7340	100.7340	NUM
arjefm-1194	176	3	0.801387	0.801387	NUM
arjefm-1194	176	4	24904.86	24904.86	NUM
arjefm-1194	176	5	skewness	skewness	NOUN
arjefm-1194	176	6	0.569576	0.569576	NUM
arjefm-1194	176	7	2.126215	2.126215	NUM
arjefm-1194	176	8	-0.313778	-0.313778	NOUN
arjefm-1194	176	9	0.673362	0.673362	NUM
arjefm-1194	176	10	kurtosis	kurtosis	VERB
arjefm-1194	176	11	1.488715	1.488715	NUM
arjefm-1194	176	12	6.612544	6.612544	NUM
arjefm-1194	176	13	2.049998	2.049998	NUM
arjefm-1194	176	14	1.774567	1.774567	NUM
arjefm-1194	176	15	jarque	jarque	NOUN
arjefm-1194	176	16	-	-	PUNCT
arjefm-1194	176	17	bera	bera	NOUN
arjefm-1194	176	18	1.641590	1.641590	NUM
arjefm-1194	176	19	14.26958	14.26958	NUM
arjefm-1194	176	20	0.594152	0.594152	NUM
arjefm-1194	176	21	1.519538	1.519538	NUM
arjefm-1194	176	22	probability	probability	NOUN
arjefm-1194	176	23	0.440082	0.440082	NUM
arjefm-1194	176	24	0.000797	0.000797	NUM
arjefm-1194	176	25	0.742988	0.742988	NUM
arjefm-1194	176	26	0.467775	0.467775	NUM
arjefm-1194	176	27	sum	sum	NOUN
arjefm-1194	176	28	3752.100	3752.100	PROPN
arjefm-1194	176	29	830.3681	830.3681	NUM
arjefm-1194	176	30	620.9820	620.9820	NUM
arjefm-1194	176	31	1029563	1029563	NUM
arjefm-1194	176	32	.	.	PUNCT
arjefm-1194	177	1	sum	sum	PROPN
arjefm-1194	177	2	sq	sq	PROPN
arjefm-1194	177	3	.	.	PROPN
arjefm-1194	177	4	dev	dev	PROPN
arjefm-1194	177	5	.	.	PROPN
arjefm-1194	177	6	1340743	1340743	NUM
arjefm-1194	177	7	.	.	PUNCT
arjefm-1194	178	1	101473.3	101473.3	NUM
arjefm-1194	178	2	6.422219	6.422219	NUM
arjefm-1194	178	3	6.20e+09	6.20e+09	NUM
arjefm-1194	178	4	observations	observation	NOUN
arjefm-1194	178	5	11	11	NUM
arjefm-1194	178	6	11	11	NUM
arjefm-1194	178	7	11	11	NUM
arjefm-1194	178	8	11	11	NUM
arjefm-1194	178	9	source	source	NOUN
arjefm-1194	178	10	:	:	PUNCT
arjefm-1194	178	11	e	e	NOUN
arjefm-1194	178	12	-	-	NOUN
arjefm-1194	178	13	views	views	VERB
arjefm-1194	178	14	11	11	NUM
arjefm-1194	178	15	key	key	NOUN
arjefm-1194	178	16	:	:	PUNCT
arjefm-1194	178	17	tvf	tvf	PROPN
arjefm-1194	178	18	-	-	PUNCT
arjefm-1194	178	19	total	total	ADJ
arjefm-1194	178	20	venture	venture	NOUN
arjefm-1194	178	21	financing	financing	NOUN
arjefm-1194	178	22	(	(	PUNCT
arjefm-1194	178	23	$	$	SYM
arjefm-1194	178	24	’	’	NUM
arjefm-1194	178	25	million	million	NUM
arjefm-1194	178	26	)	)	PUNCT
arjefm-1194	178	27	;	;	PUNCT
arjefm-1194	178	28	smep	smep	NOUN
arjefm-1194	178	29	-	-	PUNCT
arjefm-1194	178	30	sme	sme	NOUN
arjefm-1194	178	31	profitability	profitability	NOUN
arjefm-1194	178	32	(	(	PUNCT
arjefm-1194	178	33	n	n	CCONJ
arjefm-1194	178	34	’	’	CCONJ
arjefm-1194	178	35	billion	billion	NUM
arjefm-1194	178	36	)	)	PUNCT
arjefm-1194	178	37	;	;	PUNCT
arjefm-1194	178	38	empremployment	empremployment	NOUN
arjefm-1194	178	39	rate	rate	NOUN
arjefm-1194	178	40	;	;	PUNCT
arjefm-1194	178	41	nsme	nsme	NOUN
arjefm-1194	178	42	-	-	PUNCT
arjefm-1194	178	43	number	number	NOUN
arjefm-1194	178	44	of	of	ADP
arjefm-1194	178	45	smes	sme	NOUN
arjefm-1194	178	46	.	.	PUNCT
arjefm-1194	179	1	table	table	NOUN
arjefm-1194	179	2	1	1	NUM
arjefm-1194	179	3	shows	show	VERB
arjefm-1194	179	4	that	that	SCONJ
arjefm-1194	179	5	total	total	ADJ
arjefm-1194	179	6	venture	venture	NOUN
arjefm-1194	179	7	financing	financing	NOUN
arjefm-1194	179	8	(	(	PUNCT
arjefm-1194	179	9	tvf	tvf	PROPN
arjefm-1194	179	10	)	)	PUNCT
arjefm-1194	179	11	had	have	VERB
arjefm-1194	179	12	a	a	DET
arjefm-1194	179	13	mean	mean	ADJ
arjefm-1194	179	14	value	value	NOUN
arjefm-1194	179	15	of	of	ADP
arjefm-1194	179	16	$	$	SYM
arjefm-1194	179	17	341.1	341.1	NUM
arjefm-1194	179	18	million	million	NUM
arjefm-1194	179	19	,	,	PUNCT
arjefm-1194	179	20	indicating	indicate	VERB
arjefm-1194	179	21	the	the	DET
arjefm-1194	179	22	average	average	ADJ
arjefm-1194	179	23	level	level	NOUN
arjefm-1194	179	24	of	of	ADP
arjefm-1194	179	25	venture	venture	NOUN
arjefm-1194	179	26	financing	financing	NOUN
arjefm-1194	179	27	across	across	ADP
arjefm-1194	179	28	the	the	DET
arjefm-1194	179	29	11	11	NUM
arjefm-1194	179	30	observations	observation	NOUN
arjefm-1194	179	31	.	.	PUNCT
arjefm-1194	180	1	the	the	DET
arjefm-1194	180	2	median	median	ADJ
arjefm-1194	180	3	value	value	NOUN
arjefm-1194	180	4	,	,	PUNCT
arjefm-1194	180	5	at	at	ADP
arjefm-1194	180	6	$	$	SYM
arjefm-1194	180	7	104.1	104.1	NUM
arjefm-1194	180	8	million	million	NUM
arjefm-1194	180	9	,	,	PUNCT
arjefm-1194	180	10	is	be	AUX
arjefm-1194	180	11	significantly	significantly	ADV
arjefm-1194	180	12	lower	low	ADJ
arjefm-1194	180	13	than	than	ADP
arjefm-1194	180	14	the	the	DET
arjefm-1194	180	15	mean	mean	NOUN
arjefm-1194	180	16	,	,	PUNCT
arjefm-1194	180	17	suggesting	suggest	VERB
arjefm-1194	180	18	that	that	SCONJ
arjefm-1194	180	19	the	the	DET
arjefm-1194	180	20	data	data	NOUN
arjefm-1194	180	21	is	be	AUX
arjefm-1194	180	22	skewed	skew	VERB
arjefm-1194	180	23	by	by	ADP
arjefm-1194	180	24	a	a	DET
arjefm-1194	180	25	few	few	ADJ
arjefm-1194	180	26	higher	high	ADJ
arjefm-1194	180	27	values	value	NOUN
arjefm-1194	180	28	,	,	PUNCT
arjefm-1194	180	29	which	which	PRON
arjefm-1194	180	30	is	be	AUX
arjefm-1194	180	31	confirmed	confirm	VERB
arjefm-1194	180	32	by	by	ADP
arjefm-1194	180	33	a	a	DET
arjefm-1194	180	34	positive	positive	ADJ
arjefm-1194	180	35	skewness	skewness	NOUN
arjefm-1194	180	36	of	of	ADP
arjefm-1194	180	37	0.57	0.57	NUM
arjefm-1194	180	38	.	.	PUNCT
arjefm-1194	181	1	the	the	DET
arjefm-1194	181	2	standard	standard	ADJ
arjefm-1194	181	3	deviation	deviation	NOUN
arjefm-1194	181	4	of	of	ADP
arjefm-1194	181	5	366.16	366.16	NUM
arjefm-1194	181	6	highlights	highlight	NOUN
arjefm-1194	181	7	considerable	considerable	ADJ
arjefm-1194	181	8	variability	variability	NOUN
arjefm-1194	181	9	in	in	ADP
arjefm-1194	181	10	venture	venture	NOUN
arjefm-1194	181	11	financing	financing	NOUN
arjefm-1194	181	12	amounts	amount	NOUN
arjefm-1194	181	13	,	,	PUNCT
arjefm-1194	181	14	with	with	ADP
arjefm-1194	181	15	the	the	DET
arjefm-1194	181	16	maximum	maximum	ADJ
arjefm-1194	181	17	reaching	reach	VERB
arjefm-1194	181	18	$	$	SYM
arjefm-1194	181	19	893.7	893.7	NUM
arjefm-1194	181	20	million	million	NUM
arjefm-1194	181	21	and	and	CCONJ
arjefm-1194	181	22	the	the	DET
arjefm-1194	181	23	minimum	minimum	NOUN
arjefm-1194	181	24	being	being	NOUN
arjefm-1194	181	25	as	as	ADV
arjefm-1194	181	26	low	low	ADJ
arjefm-1194	181	27	as	as	ADP
arjefm-1194	181	28	$	$	SYM
arjefm-1194	181	29	24.4	24.4	NUM
arjefm-1194	181	30	million	million	NUM
arjefm-1194	181	31	.	.	PUNCT
arjefm-1194	182	1	the	the	DET
arjefm-1194	182	2	jarque	jarque	NOUN
arjefm-1194	182	3	-	-	PUNCT
arjefm-1194	182	4	bera	bera	NOUN
arjefm-1194	182	5	test	test	NOUN
arjefm-1194	182	6	value	value	NOUN
arjefm-1194	182	7	of	of	ADP
arjefm-1194	182	8	1.64	1.64	NUM
arjefm-1194	182	9	and	and	CCONJ
arjefm-1194	182	10	the	the	DET
arjefm-1194	182	11	probability	probability	NOUN
arjefm-1194	182	12	of	of	ADP
arjefm-1194	182	13	0.44	0.44	NUM
arjefm-1194	182	14	indicate	indicate	VERB
arjefm-1194	182	15	that	that	SCONJ
arjefm-1194	182	16	the	the	DET
arjefm-1194	182	17	data	data	NOUN
arjefm-1194	182	18	is	be	AUX
arjefm-1194	182	19	not	not	PART
arjefm-1194	182	20	significantly	significantly	ADV
arjefm-1194	182	21	different	different	ADJ
arjefm-1194	182	22	from	from	ADP
arjefm-1194	182	23	a	a	DET
arjefm-1194	182	24	normal	normal	ADJ
arjefm-1194	182	25	distribution	distribution	NOUN
arjefm-1194	182	26	.	.	PUNCT
arjefm-1194	183	1	sme	sme	NOUN
arjefm-1194	183	2	profitability	profitability	NOUN
arjefm-1194	183	3	(	(	PUNCT
arjefm-1194	183	4	smep	smep	NOUN
arjefm-1194	183	5	)	)	PUNCT
arjefm-1194	183	6	displays	display	VERB
arjefm-1194	183	7	a	a	DET
arjefm-1194	183	8	mean	mean	NOUN
arjefm-1194	183	9	of	of	ADP
arjefm-1194	183	10	₦	₦	PROPN
arjefm-1194	183	11	75.49	75.49	NUM
arjefm-1194	183	12	billion	billion	NUM
arjefm-1194	183	13	,	,	PUNCT
arjefm-1194	183	14	with	with	ADP
arjefm-1194	183	15	a	a	DET
arjefm-1194	183	16	median	median	ADJ
arjefm-1194	183	17	value	value	NOUN
arjefm-1194	183	18	of	of	ADP
arjefm-1194	183	19	₦	₦	PROPN
arjefm-1194	183	20	44.82	44.82	NUM
arjefm-1194	183	21	billion	billion	NUM
arjefm-1194	183	22	,	,	PUNCT
arjefm-1194	183	23	showing	show	VERB
arjefm-1194	183	24	that	that	SCONJ
arjefm-1194	183	25	the	the	DET
arjefm-1194	183	26	profitability	profitability	NOUN
arjefm-1194	183	27	figures	figure	NOUN
arjefm-1194	183	28	are	be	AUX
arjefm-1194	183	29	positively	positively	ADV
arjefm-1194	183	30	skewed	skew	VERB
arjefm-1194	183	31	,	,	PUNCT
arjefm-1194	183	32	as	as	SCONJ
arjefm-1194	183	33	indicated	indicate	VERB
arjefm-1194	183	34	by	by	ADP
arjefm-1194	183	35	the	the	DET
arjefm-1194	183	36	skewness	skewness	NOUN
arjefm-1194	183	37	value	value	NOUN
arjefm-1194	183	38	of	of	ADP
arjefm-1194	183	39	2.13	2.13	NUM
arjefm-1194	183	40	.	.	PUNCT
arjefm-1194	184	1	this	this	DET
arjefm-1194	184	2	positive	positive	ADJ
arjefm-1194	184	3	skewness	skewness	NOUN
arjefm-1194	184	4	,	,	PUNCT
arjefm-1194	184	5	coupled	couple	VERB
arjefm-1194	184	6	with	with	ADP
arjefm-1194	184	7	a	a	DET
arjefm-1194	184	8	maximum	maximum	ADJ
arjefm-1194	184	9	value	value	NOUN
arjefm-1194	184	10	of	of	ADP
arjefm-1194	184	11	₦	₦	PROPN
arjefm-1194	184	12	355.04	355.04	NUM
arjefm-1194	184	13	billion	billion	NUM
arjefm-1194	184	14	,	,	PUNCT
arjefm-1194	184	15	suggests	suggest	VERB
arjefm-1194	184	16	a	a	DET
arjefm-1194	184	17	small	small	ADJ
arjefm-1194	184	18	number	number	NOUN
arjefm-1194	184	19	of	of	ADP
arjefm-1194	184	20	highly	highly	ADV
arjefm-1194	184	21	profitable	profitable	ADJ
arjefm-1194	184	22	periods	period	NOUN
arjefm-1194	184	23	significantly	significantly	ADV
arjefm-1194	184	24	influence	influence	VERB
arjefm-1194	184	25	the	the	DET
arjefm-1194	184	26	average	average	NOUN
arjefm-1194	184	27	.	.	PUNCT
arjefm-1194	185	1	the	the	DET
arjefm-1194	185	2	standard	standard	ADJ
arjefm-1194	185	3	deviation	deviation	NOUN
arjefm-1194	185	4	of	of	ADP
arjefm-1194	185	5	100.73	100.73	NUM
arjefm-1194	185	6	indicates	indicate	VERB
arjefm-1194	185	7	substantial	substantial	ADJ
arjefm-1194	185	8	variation	variation	NOUN
arjefm-1194	185	9	in	in	ADP
arjefm-1194	185	10	sme	sme	NOUN
arjefm-1194	185	11	profitability	profitability	NOUN
arjefm-1194	185	12	across	across	ADP
arjefm-1194	185	13	the	the	DET
arjefm-1194	185	14	observations	observation	NOUN
arjefm-1194	185	15	.	.	PUNCT
arjefm-1194	186	1	the	the	DET
arjefm-1194	186	2	jarque	jarque	NOUN
arjefm-1194	186	3	-	-	PUNCT
arjefm-1194	186	4	bera	bera	NOUN
arjefm-1194	186	5	statistic	statistic	NOUN
arjefm-1194	186	6	for	for	ADP
arjefm-1194	186	7	smep	smep	NOUN
arjefm-1194	186	8	is	be	AUX
arjefm-1194	186	9	14.27	14.27	NUM
arjefm-1194	186	10	with	with	ADP
arjefm-1194	186	11	a	a	DET
arjefm-1194	186	12	probability	probability	NOUN
arjefm-1194	186	13	of	of	ADP
arjefm-1194	186	14	0.0008	0.0008	NUM
arjefm-1194	186	15	,	,	PUNCT
arjefm-1194	186	16	which	which	PRON
arjefm-1194	186	17	suggests	suggest	VERB
arjefm-1194	186	18	that	that	SCONJ
arjefm-1194	186	19	the	the	DET
arjefm-1194	186	20	distribution	distribution	NOUN
arjefm-1194	186	21	is	be	AUX
arjefm-1194	186	22	not	not	PART
arjefm-1194	186	23	normal	normal	ADJ
arjefm-1194	186	24	.	.	PUNCT
arjefm-1194	187	1	employment	employment	NOUN
arjefm-1194	187	2	rate	rate	NOUN
arjefm-1194	187	3	(	(	PUNCT
arjefm-1194	187	4	empr	empr	NOUN
arjefm-1194	187	5	)	)	PUNCT
arjefm-1194	187	6	showed	show	VERB
arjefm-1194	187	7	a	a	DET
arjefm-1194	187	8	mean	mean	ADJ
arjefm-1194	187	9	value	value	NOUN
arjefm-1194	187	10	of	of	ADP
arjefm-1194	187	11	56.45	56.45	NUM
arjefm-1194	187	12	%	%	NOUN
arjefm-1194	187	13	,	,	PUNCT
arjefm-1194	187	14	with	with	ADP
arjefm-1194	187	15	a	a	DET
arjefm-1194	187	16	median	median	NOUN
arjefm-1194	187	17	of	of	ADP
arjefm-1194	187	18	56.66	56.66	NUM
arjefm-1194	187	19	%	%	NOUN
arjefm-1194	187	20	,	,	PUNCT
arjefm-1194	187	21	indicating	indicate	VERB
arjefm-1194	187	22	that	that	SCONJ
arjefm-1194	187	23	the	the	DET
arjefm-1194	187	24	data	data	NOUN
arjefm-1194	187	25	is	be	AUX
arjefm-1194	187	26	closely	closely	ADV
arjefm-1194	187	27	clustered	cluster	VERB
arjefm-1194	187	28	around	around	ADP
arjefm-1194	187	29	the	the	DET
arjefm-1194	187	30	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	PROPN
arjefm-1194	187	31	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1194	187	32	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1194	187	33	american	american	PROPN
arjefm-1194	187	34	research	research	PROPN
arjefm-1194	187	35	journal	journal	PROPN
arjefm-1194	187	36	of	of	ADP
arjefm-1194	187	37	economics	economic	NOUN
arjefm-1194	187	38	,	,	PUNCT
arjefm-1194	187	39	finance	finance	NOUN
arjefm-1194	187	40	and	and	CCONJ
arjefm-1194	187	41	management	management	NOUN
arjefm-1194	187	42	volume	volume	NOUN
arjefm-1194	187	43	13	13	NUM
arjefm-1194	187	44	issue	issue	NOUN
arjefm-1194	187	45	1	1	NUM
arjefm-1194	187	46	,	,	PUNCT
arjefm-1194	187	47	january	january	PROPN
arjefm-1194	187	48	-march	-march	PROPN
arjefm-1194	187	49	2025	2025	NUM
arjefm-1194	187	50	issn	issn	NOUN
arjefm-1194	187	51	:	:	PUNCT
arjefm-1194	187	52	2836	2836	NUM
arjefm-1194	187	53	-	-	SYM
arjefm-1194	187	54	9416	9416	NUM
arjefm-1194	187	55	impact	impact	NOUN
arjefm-1194	187	56	factor	factor	NOUN
arjefm-1194	187	57	:	:	PUNCT
arjefm-1194	187	58	6.41	6.41	NUM
arjefm-1194	187	59	journal	journal	NOUN
arjefm-1194	187	60	homepage	homepage	NOUN
arjefm-1194	187	61	:	:	PUNCT
arjefm-1194	187	62	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1194	187	63	,	,	PUNCT
arjefm-1194	187	64	email	email	NOUN
arjefm-1194	187	65	:	:	PUNCT
arjefm-1194	187	66	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1194	187	67	official	official	ADJ
arjefm-1194	187	68	journal	journal	PROPN
arjefm-1194	187	69	of	of	ADP
arjefm-1194	187	70	america	america	PROPN
arjefm-1194	187	71	serial	serial	PROPN
arjefm-1194	187	72	publication	publication	NOUN
arjefm-1194	187	73	american	american	PROPN
arjefm-1194	187	74	research	research	PROPN
arjefm-1194	187	75	journal	journal	PROPN
arjefm-1194	187	76	of	of	ADP
arjefm-1194	187	77	economics	economic	NOUN
arjefm-1194	187	78	,	,	PUNCT
arjefm-1194	187	79	finance	finance	NOUN
arjefm-1194	187	80	and	and	CCONJ
arjefm-1194	187	81	management	management	NOUN
arjefm-1194	187	82	https://americaserial.com/journals/index.php/	https://americaserial.com/journals/index.php/	PROPN
arjefm-1194	187	83	arjefm	arjefm	PROPN
arjefm-1194	187	84	,	,	PUNCT
arjefm-1194	187	85	email	email	NOUN
arjefm-1194	187	86	:	:	PUNCT
arjefm-1194	188	1	contact@americaserial.com	contact@americaserial.com	X
arjefm-1194	188	2	222	222	NUM
arjefm-1194	189	1	|	|	ADV
arjefm-1194	189	2	p	p	X
arjefm-1194	189	3	a	a	DET
arjefm-1194	189	4	g	g	NOUN
arjefm-1194	189	5	e	e	NOUN
arjefm-1194	189	6	central	central	ADJ
arjefm-1194	189	7	value	value	NOUN
arjefm-1194	189	8	,	,	PUNCT
arjefm-1194	189	9	with	with	ADP
arjefm-1194	189	10	a	a	DET
arjefm-1194	189	11	narrow	narrow	ADJ
arjefm-1194	189	12	range	range	NOUN
arjefm-1194	189	13	between	between	ADP
arjefm-1194	189	14	the	the	DET
arjefm-1194	189	15	maximum	maximum	ADJ
arjefm-1194	189	16	(	(	PUNCT
arjefm-1194	189	17	57.59	57.59	NUM
arjefm-1194	189	18	%	%	NOUN
arjefm-1194	189	19	)	)	PUNCT
arjefm-1194	189	20	and	and	CCONJ
arjefm-1194	189	21	minimum	minimum	NOUN
arjefm-1194	189	22	(	(	PUNCT
arjefm-1194	189	23	55.03	55.03	NUM
arjefm-1194	189	24	%	%	NOUN
arjefm-1194	189	25	)	)	PUNCT
arjefm-1194	189	26	.	.	PUNCT
arjefm-1194	190	1	the	the	DET
arjefm-1194	190	2	standard	standard	ADJ
arjefm-1194	190	3	deviation	deviation	NOUN
arjefm-1194	190	4	is	be	AUX
arjefm-1194	190	5	relatively	relatively	ADV
arjefm-1194	190	6	small	small	ADJ
arjefm-1194	190	7	at	at	ADP
arjefm-1194	190	8	0.80	0.80	NUM
arjefm-1194	190	9	,	,	PUNCT
arjefm-1194	190	10	showing	show	VERB
arjefm-1194	190	11	minimal	minimal	ADJ
arjefm-1194	190	12	variation	variation	NOUN
arjefm-1194	190	13	in	in	ADP
arjefm-1194	190	14	the	the	DET
arjefm-1194	190	15	employment	employment	NOUN
arjefm-1194	190	16	rate	rate	NOUN
arjefm-1194	190	17	.	.	PUNCT
arjefm-1194	191	1	a	a	DET
arjefm-1194	191	2	negative	negative	ADJ
arjefm-1194	191	3	skewness	skewness	NOUN
arjefm-1194	191	4	of	of	ADP
arjefm-1194	191	5	-0.31	-0.31	PROPN
arjefm-1194	191	6	suggests	suggest	VERB
arjefm-1194	191	7	a	a	DET
arjefm-1194	191	8	slight	slight	ADJ
arjefm-1194	191	9	skew	skew	NOUN
arjefm-1194	191	10	towards	towards	ADP
arjefm-1194	191	11	lower	low	ADJ
arjefm-1194	191	12	values	value	NOUN
arjefm-1194	191	13	.	.	PUNCT
arjefm-1194	192	1	the	the	DET
arjefm-1194	192	2	jarque	jarque	NOUN
arjefm-1194	192	3	-	-	PUNCT
arjefm-1194	192	4	bera	bera	NOUN
arjefm-1194	192	5	statistic	statistic	NOUN
arjefm-1194	192	6	is	be	AUX
arjefm-1194	192	7	0.59	0.59	NUM
arjefm-1194	192	8	,	,	PUNCT
arjefm-1194	192	9	and	and	CCONJ
arjefm-1194	192	10	the	the	DET
arjefm-1194	192	11	associated	associated	ADJ
arjefm-1194	192	12	probability	probability	NOUN
arjefm-1194	192	13	of	of	ADP
arjefm-1194	192	14	0.74	0.74	NUM
arjefm-1194	192	15	indicates	indicate	VERB
arjefm-1194	192	16	a	a	DET
arjefm-1194	192	17	normal	normal	ADJ
arjefm-1194	192	18	distribution	distribution	NOUN
arjefm-1194	192	19	.	.	PUNCT
arjefm-1194	193	1	the	the	DET
arjefm-1194	193	2	number	number	NOUN
arjefm-1194	193	3	of	of	ADP
arjefm-1194	193	4	smes	sme	NOUN
arjefm-1194	193	5	(	(	PUNCT
arjefm-1194	193	6	nsme	nsme	NOUN
arjefm-1194	193	7	)	)	PUNCT
arjefm-1194	193	8	has	have	VERB
arjefm-1194	193	9	a	a	DET
arjefm-1194	193	10	mean	mean	ADJ
arjefm-1194	193	11	value	value	NOUN
arjefm-1194	193	12	of	of	ADP
arjefm-1194	193	13	93,596.64	93,596.64	PROPN
arjefm-1194	193	14	,	,	PUNCT
arjefm-1194	193	15	with	with	ADP
arjefm-1194	193	16	a	a	DET
arjefm-1194	193	17	median	median	NOUN
arjefm-1194	193	18	of	of	ADP
arjefm-1194	193	19	86,309	86,309	NUM
arjefm-1194	193	20	,	,	PUNCT
arjefm-1194	193	21	indicating	indicate	VERB
arjefm-1194	193	22	that	that	SCONJ
arjefm-1194	193	23	the	the	DET
arjefm-1194	193	24	data	data	NOUN
arjefm-1194	193	25	is	be	AUX
arjefm-1194	193	26	moderately	moderately	ADV
arjefm-1194	193	27	skewed	skewed	ADJ
arjefm-1194	193	28	,	,	PUNCT
arjefm-1194	193	29	with	with	ADP
arjefm-1194	193	30	a	a	DET
arjefm-1194	193	31	skewness	skewness	NOUN
arjefm-1194	193	32	of	of	ADP
arjefm-1194	193	33	0.67	0.67	NUM
arjefm-1194	193	34	.	.	PUNCT
arjefm-1194	194	1	the	the	DET
arjefm-1194	194	2	maximum	maximum	ADJ
arjefm-1194	194	3	value	value	NOUN
arjefm-1194	194	4	is	be	AUX
arjefm-1194	194	5	129,980	129,980	NUM
arjefm-1194	194	6	smes	sme	NOUN
arjefm-1194	194	7	,	,	PUNCT
arjefm-1194	194	8	while	while	SCONJ
arjefm-1194	194	9	the	the	DET
arjefm-1194	194	10	minimum	minimum	NOUN
arjefm-1194	194	11	is	be	AUX
arjefm-1194	194	12	70,441	70,441	NUM
arjefm-1194	194	13	,	,	PUNCT
arjefm-1194	194	14	resulting	result	VERB
arjefm-1194	194	15	in	in	ADP
arjefm-1194	194	16	a	a	DET
arjefm-1194	194	17	relatively	relatively	ADV
arjefm-1194	194	18	large	large	ADJ
arjefm-1194	194	19	standard	standard	ADJ
arjefm-1194	194	20	deviation	deviation	NOUN
arjefm-1194	194	21	of	of	ADP
arjefm-1194	194	22	24,904.86	24,904.86	NOUN
arjefm-1194	194	23	,	,	PUNCT
arjefm-1194	194	24	showing	show	VERB
arjefm-1194	194	25	significant	significant	ADJ
arjefm-1194	194	26	variability	variability	NOUN
arjefm-1194	194	27	in	in	ADP
arjefm-1194	194	28	the	the	DET
arjefm-1194	194	29	number	number	NOUN
arjefm-1194	194	30	of	of	ADP
arjefm-1194	194	31	smes	sme	NOUN
arjefm-1194	194	32	across	across	ADP
arjefm-1194	194	33	the	the	DET
arjefm-1194	194	34	periods	period	NOUN
arjefm-1194	194	35	.	.	PUNCT
arjefm-1194	195	1	the	the	DET
arjefm-1194	195	2	jarque	jarque	NOUN
arjefm-1194	195	3	-	-	PUNCT
arjefm-1194	195	4	bera	bera	NOUN
arjefm-1194	195	5	statistic	statistic	NOUN
arjefm-1194	195	6	of	of	ADP
arjefm-1194	195	7	1.52	1.52	NUM
arjefm-1194	195	8	and	and	CCONJ
arjefm-1194	195	9	a	a	DET
arjefm-1194	195	10	probability	probability	NOUN
arjefm-1194	195	11	of	of	ADP
arjefm-1194	195	12	0.47	0.47	NUM
arjefm-1194	195	13	imply	imply	VERB
arjefm-1194	195	14	that	that	SCONJ
arjefm-1194	195	15	the	the	DET
arjefm-1194	195	16	number	number	NOUN
arjefm-1194	195	17	of	of	ADP
arjefm-1194	195	18	smes	sme	NOUN
arjefm-1194	195	19	is	be	AUX
arjefm-1194	195	20	normally	normally	ADV
arjefm-1194	195	21	distributed	distribute	VERB
arjefm-1194	195	22	.	.	PUNCT
arjefm-1194	196	1	correlation	correlation	NOUN
arjefm-1194	196	2	matrix	matrix	NOUN
arjefm-1194	196	3	to	to	PART
arjefm-1194	196	4	examine	examine	VERB
arjefm-1194	196	5	the	the	DET
arjefm-1194	196	6	association	association	NOUN
arjefm-1194	196	7	among	among	ADP
arjefm-1194	196	8	the	the	DET
arjefm-1194	196	9	variables	variable	NOUN
arjefm-1194	196	10	,	,	PUNCT
arjefm-1194	196	11	the	the	DET
arjefm-1194	196	12	pearson	pearson	PROPN
arjefm-1194	196	13	correlation	correlation	NOUN
arjefm-1194	196	14	coefficient	coefficient	NOUN
arjefm-1194	196	15	is	be	AUX
arjefm-1194	196	16	used	use	VERB
arjefm-1194	196	17	and	and	CCONJ
arjefm-1194	196	18	the	the	DET
arjefm-1194	196	19	results	result	NOUN
arjefm-1194	196	20	shown	show	VERB
arjefm-1194	196	21	below	below	ADP
arjefm-1194	196	22	.	.	PUNCT
arjefm-1194	197	1	table	table	NOUN
arjefm-1194	197	2	2	2	NUM
arjefm-1194	197	3	:	:	PUNCT
arjefm-1194	197	4	correlation	correlation	NOUN
arjefm-1194	197	5	analysis	analysis	NOUN
arjefm-1194	197	6	of	of	ADP
arjefm-1194	197	7	the	the	DET
arjefm-1194	197	8	model	model	NOUN
arjefm-1194	197	9	variables	variable	NOUN
arjefm-1194	197	10	tvf	tvf	PROPN
arjefm-1194	197	11	smep	smep	PROPN
arjefm-1194	197	12	empr	empr	NOUN
arjefm-1194	197	13	nsme	nsme	NOUN
arjefm-1194	197	14	tvf	tvf	PROPN
arjefm-1194	197	15	1.0000	1.0000	NUM
arjefm-1194	197	16	0.3926	0.3926	NUM
arjefm-1194	197	17	-0.2089	-0.2089	NOUN
arjefm-1194	197	18	0.6879	0.6879	NUM
arjefm-1194	197	19	smep	smep	NOUN
arjefm-1194	197	20	0.3926	0.3926	NUM
arjefm-1194	197	21	1.0000	1.0000	NUM
arjefm-1194	197	22	-0.0148	-0.0148	NOUN
arjefm-1194	197	23	0.7026	0.7026	NUM
arjefm-1194	197	24	empr	empr	NOUN
arjefm-1194	197	25	-0.2089	-0.2089	NOUN
arjefm-1194	197	26	-0.0148	-0.0148	NOUN
arjefm-1194	198	1	1.0000	1.0000	NUM
arjefm-1194	198	2	-0.3163	-0.3163	NOUN
arjefm-1194	198	3	nsme	nsme	NOUN
arjefm-1194	198	4	0.6879	0.6879	NUM
arjefm-1194	198	5	0.7026	0.7026	NUM
arjefm-1194	198	6	-0.3163	-0.3163	NOUN
arjefm-1194	198	7	1.0000	1.0000	NUM
arjefm-1194	198	8	source	source	NOUN
arjefm-1194	198	9	:	:	PUNCT
arjefm-1194	198	10	e	e	NOUN
arjefm-1194	198	11	-	-	NOUN
arjefm-1194	198	12	views	views	ADJ
arjefm-1194	198	13	11	11	NUM
arjefm-1194	198	14	tvf	tvf	NOUN
arjefm-1194	198	15	has	have	VERB
arjefm-1194	198	16	a	a	DET
arjefm-1194	198	17	moderate	moderate	ADJ
arjefm-1194	198	18	positive	positive	ADJ
arjefm-1194	198	19	correlation	correlation	NOUN
arjefm-1194	198	20	with	with	ADP
arjefm-1194	198	21	sme	sme	NOUN
arjefm-1194	198	22	profitability	profitability	NOUN
arjefm-1194	198	23	(	(	PUNCT
arjefm-1194	198	24	smep	smep	NOUN
arjefm-1194	198	25	)	)	PUNCT
arjefm-1194	198	26	at	at	ADP
arjefm-1194	198	27	0.3926	0.3926	NUM
arjefm-1194	198	28	,	,	PUNCT
arjefm-1194	198	29	suggesting	suggest	VERB
arjefm-1194	198	30	that	that	SCONJ
arjefm-1194	198	31	higher	high	ADJ
arjefm-1194	198	32	levels	level	NOUN
arjefm-1194	198	33	of	of	ADP
arjefm-1194	198	34	venture	venture	NOUN
arjefm-1194	198	35	financing	financing	NOUN
arjefm-1194	198	36	are	be	AUX
arjefm-1194	198	37	somewhat	somewhat	ADV
arjefm-1194	198	38	associated	associate	VERB
arjefm-1194	198	39	with	with	ADP
arjefm-1194	198	40	improved	improved	ADJ
arjefm-1194	198	41	profitability	profitability	NOUN
arjefm-1194	198	42	in	in	ADP
arjefm-1194	198	43	smes	sme	NOUN
arjefm-1194	198	44	.	.	PUNCT
arjefm-1194	199	1	additionally	additionally	ADV
arjefm-1194	199	2	,	,	PUNCT
arjefm-1194	199	3	there	there	PRON
arjefm-1194	199	4	is	be	VERB
arjefm-1194	199	5	a	a	DET
arjefm-1194	199	6	strong	strong	ADJ
arjefm-1194	199	7	positive	positive	ADJ
arjefm-1194	199	8	correlation	correlation	NOUN
arjefm-1194	199	9	between	between	ADP
arjefm-1194	199	10	tvf	tvf	PROPN
arjefm-1194	199	11	and	and	CCONJ
arjefm-1194	199	12	the	the	DET
arjefm-1194	199	13	number	number	NOUN
arjefm-1194	199	14	of	of	ADP
arjefm-1194	199	15	smes	sme	NOUN
arjefm-1194	199	16	(	(	PUNCT
arjefm-1194	199	17	nsme	nsme	NOUN
arjefm-1194	199	18	)	)	PUNCT
arjefm-1194	199	19	at	at	ADP
arjefm-1194	199	20	0.6879	0.6879	NUM
arjefm-1194	199	21	,	,	PUNCT
arjefm-1194	199	22	implying	imply	VERB
arjefm-1194	199	23	that	that	SCONJ
arjefm-1194	199	24	increased	increase	VERB
arjefm-1194	199	25	venture	venture	NOUN
arjefm-1194	199	26	financing	financing	NOUN
arjefm-1194	199	27	is	be	AUX
arjefm-1194	199	28	linked	link	VERB
arjefm-1194	199	29	to	to	ADP
arjefm-1194	199	30	a	a	DET
arjefm-1194	199	31	rise	rise	NOUN
arjefm-1194	199	32	in	in	ADP
arjefm-1194	199	33	the	the	DET
arjefm-1194	199	34	number	number	NOUN
arjefm-1194	199	35	of	of	ADP
arjefm-1194	199	36	smes	sme	NOUN
arjefm-1194	199	37	.	.	PUNCT
arjefm-1194	200	1	however	however	ADV
arjefm-1194	200	2	,	,	PUNCT
arjefm-1194	200	3	tvf	tvf	PROPN
arjefm-1194	200	4	is	be	AUX
arjefm-1194	200	5	weakly	weakly	ADJ
arjefm-1194	200	6	and	and	CCONJ
arjefm-1194	200	7	negatively	negatively	ADV
arjefm-1194	200	8	correlated	correlate	VERB
arjefm-1194	200	9	with	with	ADP
arjefm-1194	200	10	the	the	DET
arjefm-1194	200	11	employment	employment	NOUN
arjefm-1194	200	12	rate	rate	NOUN
arjefm-1194	200	13	(	(	PUNCT
arjefm-1194	200	14	empr	empr	NOUN
arjefm-1194	200	15	)	)	PUNCT
arjefm-1194	200	16	at	at	ADP
arjefm-1194	200	17	-0.2089	-0.2089	NOUN
arjefm-1194	200	18	,	,	PUNCT
arjefm-1194	200	19	indicating	indicate	VERB
arjefm-1194	200	20	that	that	SCONJ
arjefm-1194	200	21	higher	high	ADJ
arjefm-1194	200	22	venture	venture	NOUN
arjefm-1194	200	23	financing	financing	NOUN
arjefm-1194	200	24	does	do	AUX
arjefm-1194	200	25	not	not	PART
arjefm-1194	200	26	directly	directly	ADV
arjefm-1194	200	27	translate	translate	VERB
arjefm-1194	200	28	to	to	ADP
arjefm-1194	200	29	improvements	improvement	NOUN
arjefm-1194	200	30	in	in	ADP
arjefm-1194	200	31	employment	employment	NOUN
arjefm-1194	200	32	.	.	PUNCT
arjefm-1194	201	1	sme	sme	NOUN
arjefm-1194	201	2	profitability	profitability	NOUN
arjefm-1194	201	3	(	(	PUNCT
arjefm-1194	201	4	smep	smep	NOUN
arjefm-1194	201	5	)	)	PUNCT
arjefm-1194	201	6	exhibits	exhibit	VERB
arjefm-1194	201	7	a	a	DET
arjefm-1194	201	8	moderate	moderate	ADJ
arjefm-1194	201	9	positive	positive	ADJ
arjefm-1194	201	10	correlation	correlation	NOUN
arjefm-1194	201	11	with	with	ADP
arjefm-1194	201	12	tvf	tvf	PROPN
arjefm-1194	201	13	(	(	PUNCT
arjefm-1194	201	14	0.3926	0.3926	NUM
arjefm-1194	201	15	)	)	PUNCT
arjefm-1194	201	16	and	and	CCONJ
arjefm-1194	201	17	a	a	DET
arjefm-1194	201	18	strong	strong	ADJ
arjefm-1194	201	19	positive	positive	ADJ
arjefm-1194	201	20	correlation	correlation	NOUN
arjefm-1194	201	21	with	with	ADP
arjefm-1194	201	22	the	the	DET
arjefm-1194	201	23	number	number	NOUN
arjefm-1194	201	24	of	of	ADP
arjefm-1194	201	25	smes	sme	NOUN
arjefm-1194	201	26	(	(	PUNCT
arjefm-1194	201	27	0.7026	0.7026	NUM
arjefm-1194	201	28	)	)	PUNCT
arjefm-1194	201	29	.	.	PUNCT
arjefm-1194	202	1	this	this	PRON
arjefm-1194	202	2	indicates	indicate	VERB
arjefm-1194	202	3	that	that	SCONJ
arjefm-1194	202	4	higher	high	ADJ
arjefm-1194	202	5	profitability	profitability	NOUN
arjefm-1194	202	6	fosters	foster	VERB
arjefm-1194	202	7	the	the	DET
arjefm-1194	202	8	expansion	expansion	NOUN
arjefm-1194	202	9	of	of	ADP
arjefm-1194	202	10	smes	sme	NOUN
arjefm-1194	202	11	.	.	PUNCT
arjefm-1194	203	1	the	the	DET
arjefm-1194	203	2	correlation	correlation	NOUN
arjefm-1194	203	3	between	between	ADP
arjefm-1194	203	4	smep	smep	NOUN
arjefm-1194	203	5	and	and	CCONJ
arjefm-1194	203	6	employment	employment	NOUN
arjefm-1194	203	7	rate	rate	NOUN
arjefm-1194	203	8	(	(	PUNCT
arjefm-1194	203	9	empr	empr	NOUN
arjefm-1194	203	10	)	)	PUNCT
arjefm-1194	203	11	is	be	AUX
arjefm-1194	203	12	near	near	ADP
arjefm-1194	203	13	zero	zero	NUM
arjefm-1194	203	14	(	(	PUNCT
arjefm-1194	203	15	0.0148	0.0148	NUM
arjefm-1194	203	16	)	)	PUNCT
arjefm-1194	203	17	,	,	PUNCT
arjefm-1194	203	18	suggesting	suggest	VERB
arjefm-1194	203	19	no	no	DET
arjefm-1194	203	20	significant	significant	ADJ
arjefm-1194	203	21	relationship	relationship	NOUN
arjefm-1194	203	22	between	between	ADP
arjefm-1194	203	23	sme	sme	NOUN
arjefm-1194	203	24	profitability	profitability	NOUN
arjefm-1194	203	25	and	and	CCONJ
arjefm-1194	203	26	employment	employment	NOUN
arjefm-1194	203	27	levels	level	NOUN
arjefm-1194	203	28	.	.	PUNCT
arjefm-1194	204	1	the	the	DET
arjefm-1194	204	2	employment	employment	NOUN
arjefm-1194	204	3	rate	rate	NOUN
arjefm-1194	204	4	(	(	PUNCT
arjefm-1194	204	5	empr	empr	NOUN
arjefm-1194	204	6	)	)	PUNCT
arjefm-1194	204	7	shows	show	VERB
arjefm-1194	204	8	a	a	DET
arjefm-1194	204	9	weak	weak	ADJ
arjefm-1194	204	10	negative	negative	ADJ
arjefm-1194	204	11	correlation	correlation	NOUN
arjefm-1194	204	12	with	with	ADP
arjefm-1194	204	13	most	most	ADJ
arjefm-1194	204	14	variables	variable	NOUN
arjefm-1194	204	15	in	in	ADP
arjefm-1194	204	16	the	the	DET
arjefm-1194	204	17	model	model	NOUN
arjefm-1194	204	18	.	.	PUNCT
arjefm-1194	205	1	it	it	PRON
arjefm-1194	205	2	has	have	VERB
arjefm-1194	205	3	a	a	DET
arjefm-1194	205	4	slightly	slightly	ADV
arjefm-1194	205	5	negative	negative	ADJ
arjefm-1194	205	6	correlation	correlation	NOUN
arjefm-1194	205	7	with	with	ADP
arjefm-1194	205	8	tvf	tvf	PROPN
arjefm-1194	205	9	(	(	PUNCT
arjefm-1194	205	10	-0.2089	-0.2089	NOUN
arjefm-1194	205	11	)	)	PUNCT
arjefm-1194	205	12	and	and	CCONJ
arjefm-1194	205	13	nsme	nsme	NOUN
arjefm-1194	205	14	(	(	PUNCT
arjefm-1194	205	15	-0.3163	-0.3163	NOUN
arjefm-1194	205	16	)	)	PUNCT
arjefm-1194	205	17	,	,	PUNCT
arjefm-1194	205	18	indicating	indicate	VERB
arjefm-1194	205	19	that	that	SCONJ
arjefm-1194	205	20	increases	increase	VERB
arjefm-1194	205	21	in	in	ADP
arjefm-1194	205	22	venture	venture	NOUN
arjefm-1194	205	23	financing	financing	NOUN
arjefm-1194	205	24	and	and	CCONJ
arjefm-1194	205	25	the	the	DET
arjefm-1194	205	26	number	number	NOUN
arjefm-1194	205	27	of	of	ADP
arjefm-1194	205	28	smes	sme	NOUN
arjefm-1194	205	29	might	might	AUX
arjefm-1194	205	30	not	not	PART
arjefm-1194	205	31	directly	directly	ADV
arjefm-1194	205	32	improve	improve	VERB
arjefm-1194	205	33	employment	employment	NOUN
arjefm-1194	205	34	rates	rate	NOUN
arjefm-1194	205	35	.	.	PUNCT
arjefm-1194	206	1	the	the	DET
arjefm-1194	206	2	correlation	correlation	NOUN
arjefm-1194	206	3	of	of	ADP
arjefm-1194	206	4	smep	smep	NOUN
arjefm-1194	206	5	with	with	ADP
arjefm-1194	206	6	empr	empr	NOUN
arjefm-1194	206	7	(	(	PUNCT
arjefm-1194	206	8	-0.0148	-0.0148	NOUN
arjefm-1194	206	9	)	)	PUNCT
arjefm-1194	206	10	further	far	ADV
arjefm-1194	206	11	supports	support	VERB
arjefm-1194	206	12	the	the	DET
arjefm-1194	206	13	lack	lack	NOUN
arjefm-1194	206	14	of	of	ADP
arjefm-1194	206	15	a	a	DET
arjefm-1194	206	16	significant	significant	ADJ
arjefm-1194	206	17	relationship	relationship	NOUN
arjefm-1194	206	18	.	.	PUNCT
arjefm-1194	207	1	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	PROPN
arjefm-1194	207	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1194	207	3	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1194	208	1	american	american	PROPN
arjefm-1194	208	2	research	research	PROPN
arjefm-1194	208	3	journal	journal	PROPN
arjefm-1194	208	4	of	of	ADP
arjefm-1194	208	5	economics	economic	NOUN
arjefm-1194	208	6	,	,	PUNCT
arjefm-1194	208	7	finance	finance	NOUN
arjefm-1194	208	8	and	and	CCONJ
arjefm-1194	208	9	management	management	NOUN
arjefm-1194	208	10	volume	volume	NOUN
arjefm-1194	208	11	13	13	NUM
arjefm-1194	208	12	issue	issue	NOUN
arjefm-1194	208	13	1	1	NUM
arjefm-1194	208	14	,	,	PUNCT
arjefm-1194	208	15	january	january	PROPN
arjefm-1194	208	16	-march	-march	PROPN
arjefm-1194	208	17	2025	2025	NUM
arjefm-1194	208	18	issn	issn	NOUN
arjefm-1194	208	19	:	:	PUNCT
arjefm-1194	208	20	2836	2836	NUM
arjefm-1194	208	21	-	-	SYM
arjefm-1194	208	22	9416	9416	NUM
arjefm-1194	208	23	impact	impact	NOUN
arjefm-1194	208	24	factor	factor	NOUN
arjefm-1194	208	25	:	:	PUNCT
arjefm-1194	208	26	6.41	6.41	NUM
arjefm-1194	208	27	journal	journal	NOUN
arjefm-1194	208	28	homepage	homepage	NOUN
arjefm-1194	208	29	:	:	PUNCT
arjefm-1194	208	30	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1194	208	31	,	,	PUNCT
arjefm-1194	208	32	email	email	NOUN
arjefm-1194	208	33	:	:	PUNCT
arjefm-1194	209	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1194	209	2	official	official	ADJ
arjefm-1194	209	3	journal	journal	PROPN
arjefm-1194	209	4	of	of	ADP
arjefm-1194	209	5	america	america	PROPN
arjefm-1194	209	6	serial	serial	PROPN
arjefm-1194	209	7	publication	publication	NOUN
arjefm-1194	209	8	american	american	PROPN
arjefm-1194	209	9	research	research	PROPN
arjefm-1194	209	10	journal	journal	PROPN
arjefm-1194	209	11	of	of	ADP
arjefm-1194	209	12	economics	economic	NOUN
arjefm-1194	209	13	,	,	PUNCT
arjefm-1194	209	14	finance	finance	NOUN
arjefm-1194	209	15	and	and	CCONJ
arjefm-1194	209	16	management	management	NOUN
arjefm-1194	209	17	https://americaserial.com/journals/index.php/	https://americaserial.com/journals/index.php/	PROPN
arjefm-1194	209	18	arjefm	arjefm	PROPN
arjefm-1194	209	19	,	,	PUNCT
arjefm-1194	209	20	email	email	NOUN
arjefm-1194	209	21	:	:	PUNCT
arjefm-1194	209	22	contact@americaserial.com	contact@americaserial.com	X
arjefm-1194	209	23	223	223	NUM
arjefm-1194	210	1	|	|	ADV
arjefm-1194	210	2	p	p	X
arjefm-1194	210	3	a	a	DET
arjefm-1194	210	4	g	g	NOUN
arjefm-1194	210	5	e	e	NOUN
arjefm-1194	210	6	the	the	DET
arjefm-1194	210	7	number	number	NOUN
arjefm-1194	210	8	of	of	ADP
arjefm-1194	210	9	smes	sme	NOUN
arjefm-1194	210	10	(	(	PUNCT
arjefm-1194	210	11	nsme	nsme	NOUN
arjefm-1194	210	12	)	)	PUNCT
arjefm-1194	210	13	has	have	VERB
arjefm-1194	210	14	a	a	DET
arjefm-1194	210	15	strong	strong	ADJ
arjefm-1194	210	16	positive	positive	ADJ
arjefm-1194	210	17	correlation	correlation	NOUN
arjefm-1194	210	18	with	with	ADP
arjefm-1194	210	19	both	both	DET
arjefm-1194	210	20	tvf	tvf	PROPN
arjefm-1194	210	21	(	(	PUNCT
arjefm-1194	210	22	0.6879	0.6879	NUM
arjefm-1194	210	23	)	)	PUNCT
arjefm-1194	210	24	and	and	CCONJ
arjefm-1194	210	25	smep	smep	X
arjefm-1194	210	26	(	(	PUNCT
arjefm-1194	210	27	0.7026	0.7026	NUM
arjefm-1194	210	28	)	)	PUNCT
arjefm-1194	210	29	,	,	PUNCT
arjefm-1194	210	30	showing	show	VERB
arjefm-1194	210	31	that	that	SCONJ
arjefm-1194	210	32	more	more	ADJ
arjefm-1194	210	33	smes	sme	NOUN
arjefm-1194	210	34	are	be	AUX
arjefm-1194	210	35	associated	associate	VERB
arjefm-1194	210	36	with	with	ADP
arjefm-1194	210	37	higher	high	ADJ
arjefm-1194	210	38	venture	venture	NOUN
arjefm-1194	210	39	financing	financing	NOUN
arjefm-1194	210	40	and	and	CCONJ
arjefm-1194	210	41	profitability	profitability	NOUN
arjefm-1194	210	42	.	.	PUNCT
arjefm-1194	211	1	however	however	ADV
arjefm-1194	211	2	,	,	PUNCT
arjefm-1194	211	3	it	it	PRON
arjefm-1194	211	4	is	be	AUX
arjefm-1194	211	5	negatively	negatively	ADV
arjefm-1194	211	6	correlated	correlate	VERB
arjefm-1194	211	7	with	with	ADP
arjefm-1194	211	8	empr	empr	NOUN
arjefm-1194	211	9	(	(	PUNCT
arjefm-1194	211	10	-0.3163	-0.3163	NOUN
arjefm-1194	211	11	)	)	PUNCT
arjefm-1194	211	12	,	,	PUNCT
arjefm-1194	211	13	suggesting	suggest	VERB
arjefm-1194	211	14	that	that	SCONJ
arjefm-1194	211	15	an	an	DET
arjefm-1194	211	16	increase	increase	NOUN
arjefm-1194	211	17	in	in	ADP
arjefm-1194	211	18	the	the	DET
arjefm-1194	211	19	number	number	NOUN
arjefm-1194	211	20	of	of	ADP
arjefm-1194	211	21	smes	sme	NOUN
arjefm-1194	211	22	may	may	AUX
arjefm-1194	211	23	not	not	PART
arjefm-1194	211	24	necessarily	necessarily	ADV
arjefm-1194	211	25	lead	lead	VERB
arjefm-1194	211	26	to	to	ADP
arjefm-1194	211	27	higher	high	ADJ
arjefm-1194	211	28	employment	employment	NOUN
arjefm-1194	211	29	rates	rate	NOUN
arjefm-1194	211	30	,	,	PUNCT
arjefm-1194	211	31	and	and	CCONJ
arjefm-1194	211	32	could	could	AUX
arjefm-1194	211	33	be	be	AUX
arjefm-1194	211	34	related	relate	VERB
arjefm-1194	211	35	to	to	ADP
arjefm-1194	211	36	other	other	ADJ
arjefm-1194	211	37	economic	economic	ADJ
arjefm-1194	211	38	factors	factor	NOUN
arjefm-1194	211	39	.	.	PUNCT
arjefm-1194	212	1	unit	unit	NOUN
arjefm-1194	212	2	root	root	PROPN
arjefm-1194	212	3	test	test	NOUN
arjefm-1194	212	4	null	null	ADJ
arjefm-1194	212	5	hypothesis	hypothesis	NOUN
arjefm-1194	212	6	(	(	PUNCT
arjefm-1194	212	7	ho	ho	INTJ
arjefm-1194	212	8	):	):	PUNCT
arjefm-1194	212	9	the	the	DET
arjefm-1194	212	10	variable	variable	NOUN
arjefm-1194	212	11	x	x	PUNCT
arjefm-1194	212	12	has	have	VERB
arjefm-1194	212	13	a	a	DET
arjefm-1194	212	14	unit	unit	NOUN
arjefm-1194	212	15	root	root	NOUN
arjefm-1194	212	16	alternate	alternate	ADJ
arjefm-1194	212	17	hypothesis	hypothesis	NOUN
arjefm-1194	212	18	(	(	PUNCT
arjefm-1194	212	19	h1	h1	PROPN
arjefm-1194	212	20	):	):	PUNCT
arjefm-1194	212	21	the	the	DET
arjefm-1194	212	22	variable	variable	NOUN
arjefm-1194	212	23	x	x	PUNCT
arjefm-1194	212	24	has	have	VERB
arjefm-1194	212	25	no	no	DET
arjefm-1194	212	26	unit	unit	NOUN
arjefm-1194	212	27	root	root	NOUN
arjefm-1194	212	28	table	table	NOUN
arjefm-1194	212	29	3	3	NUM
arjefm-1194	212	30	:	:	PUNCT
arjefm-1194	212	31	adf	adf	NOUN
arjefm-1194	212	32	test	test	NOUN
arjefm-1194	212	33	for	for	ADP
arjefm-1194	212	34	model	model	NOUN
arjefm-1194	212	35	variables	variables	PROPN
arjefm-1194	212	36	variable	variable	ADJ
arjefm-1194	212	37	adf	adf	PROPN
arjefm-1194	212	38	prob	prob	PROPN
arjefm-1194	212	39	tvf	tvf	PROPN
arjefm-1194	212	40	level	level	PROPN
arjefm-1194	212	41	1(0	1(0	NUM
arjefm-1194	212	42	)	)	PUNCT
arjefm-1194	212	43	-2.241621	-2.241621	NOUN
arjefm-1194	213	1	0.2031	0.2031	NUM
arjefm-1194	213	2	first	first	ADJ
arjefm-1194	213	3	difference	difference	NOUN
arjefm-1194	213	4	1(1	1(1	NUM
arjefm-1194	213	5	)	)	PUNCT
arjefm-1194	213	6	-3.544585	-3.544585	NOUN
arjefm-1194	213	7	0.0335	0.0335	NUM
arjefm-1194	213	8	smep	smep	NOUN
arjefm-1194	213	9	level	level	NOUN
arjefm-1194	213	10	1(0	1(0	NUM
arjefm-1194	213	11	)	)	PUNCT
arjefm-1194	213	12	0.824572	0.824572	NUM
arjefm-1194	213	13	0.9894	0.9894	NUM
arjefm-1194	213	14	second	second	ADJ
arjefm-1194	213	15	difference	difference	NOUN
arjefm-1194	213	16	1(2	1(2	NUM
arjefm-1194	213	17	)	)	PUNCT
arjefm-1194	213	18	-5.160095	-5.160095	NOUN
arjefm-1194	213	19	0.0051	0.0051	NUM
arjefm-1194	213	20	empr	empr	NOUN
arjefm-1194	213	21	level	level	NOUN
arjefm-1194	213	22	1(0	1(0	NUM
arjefm-1194	213	23	)	)	PUNCT
arjefm-1194	213	24	-1.804293	-1.804293	NOUN
arjefm-1194	214	1	0.3593	0.3593	NUM
arjefm-1194	214	2	second	second	ADJ
arjefm-1194	214	3	difference	difference	NOUN
arjefm-1194	214	4	1(2	1(2	NUM
arjefm-1194	214	5	)	)	PUNCT
arjefm-1194	214	6	-3.828532	-3.828532	VERB
arjefm-1194	214	7	0.0225	0.0225	NUM
arjefm-1194	214	8	nsme	nsme	ADJ
arjefm-1194	214	9	level	level	NOUN
arjefm-1194	214	10	1(0	1(0	NUM
arjefm-1194	214	11	)	)	PUNCT
arjefm-1194	214	12	0.001716	0.001716	NUM
arjefm-1194	214	13	0.9367	0.9367	NUM
arjefm-1194	214	14	second	second	ADJ
arjefm-1194	214	15	difference	difference	NOUN
arjefm-1194	214	16	1(2	1(2	NUM
arjefm-1194	214	17	)	)	PUNCT
arjefm-1194	214	18	-4.540349	-4.540349	NOUN
arjefm-1194	214	19	0.0133	0.0133	NUM
arjefm-1194	214	20	source	source	NOUN
arjefm-1194	214	21	:	:	PUNCT
arjefm-1194	214	22	e	e	NOUN
arjefm-1194	214	23	-	-	NOUN
arjefm-1194	214	24	views	views	VERB
arjefm-1194	214	25	11	11	NUM
arjefm-1194	214	26	the	the	DET
arjefm-1194	214	27	data	datum	NOUN
arjefm-1194	214	28	was	be	AUX
arjefm-1194	214	29	subjected	subject	VERB
arjefm-1194	214	30	to	to	ADP
arjefm-1194	214	31	unit	unit	NOUN
arjefm-1194	214	32	root	root	PROPN
arjefm-1194	214	33	test	test	NOUN
arjefm-1194	214	34	through	through	ADP
arjefm-1194	214	35	augmented	augment	VERB
arjefm-1194	214	36	dickey	dickey	PROPN
arjefm-1194	214	37	-	-	PUNCT
arjefm-1194	214	38	fuller	full	ADJ
arjefm-1194	214	39	(	(	PUNCT
arjefm-1194	214	40	adf	adf	NOUN
arjefm-1194	214	41	)	)	PUNCT
arjefm-1194	214	42	.	.	PUNCT
arjefm-1194	215	1	the	the	DET
arjefm-1194	215	2	result	result	NOUN
arjefm-1194	215	3	in	in	ADP
arjefm-1194	215	4	table	table	NOUN
arjefm-1194	215	5	3	3	NUM
arjefm-1194	215	6	below	below	ADV
arjefm-1194	215	7	showed	show	VERB
arjefm-1194	215	8	that	that	SCONJ
arjefm-1194	215	9	tvf	tvf	PROPN
arjefm-1194	215	10	is	be	AUX
arjefm-1194	215	11	stationary	stationary	ADJ
arjefm-1194	215	12	at	at	ADP
arjefm-1194	215	13	first	first	ADJ
arjefm-1194	215	14	difference	difference	NOUN
arjefm-1194	215	15	while	while	SCONJ
arjefm-1194	215	16	others	other	NOUN
arjefm-1194	215	17	were	be	AUX
arjefm-1194	215	18	stationary	stationary	ADJ
arjefm-1194	215	19	after	after	ADP
arjefm-1194	215	20	the	the	DET
arjefm-1194	215	21	second	second	ADJ
arjefm-1194	215	22	differencing	differencing	NOUN
arjefm-1194	215	23	test	test	NOUN
arjefm-1194	215	24	of	of	ADP
arjefm-1194	215	25	hypothesis	hypothesis	NOUN
arjefm-1194	215	26	one	one	NUM
arjefm-1194	215	27	h0	h0	NOUN
arjefm-1194	215	28	:	:	PUNCT
arjefm-1194	215	29	there	there	PRON
arjefm-1194	215	30	is	be	VERB
arjefm-1194	215	31	no	no	DET
arjefm-1194	215	32	significant	significant	ADJ
arjefm-1194	215	33	effect	effect	NOUN
arjefm-1194	215	34	of	of	ADP
arjefm-1194	215	35	venture	venture	NOUN
arjefm-1194	215	36	capital	capital	NOUN
arjefm-1194	215	37	financing	financing	NOUN
arjefm-1194	215	38	on	on	ADP
arjefm-1194	215	39	smes	sme	NOUN
arjefm-1194	215	40	’	'	PUNCT
arjefm-1194	215	41	profitability	profitability	NOUN
arjefm-1194	215	42	.	.	PUNCT
arjefm-1194	216	1	h1	h1	PROPN
arjefm-1194	216	2	:	:	PUNCT
arjefm-1194	216	3	there	there	PRON
arjefm-1194	216	4	is	be	VERB
arjefm-1194	216	5	a	a	DET
arjefm-1194	216	6	significant	significant	ADJ
arjefm-1194	216	7	effect	effect	NOUN
arjefm-1194	216	8	of	of	ADP
arjefm-1194	216	9	venture	venture	NOUN
arjefm-1194	216	10	capital	capital	NOUN
arjefm-1194	216	11	financing	financing	NOUN
arjefm-1194	216	12	on	on	ADP
arjefm-1194	216	13	smes	sme	NOUN
arjefm-1194	216	14	’	'	PUNCT
arjefm-1194	216	15	profitability	profitability	NOUN
arjefm-1194	216	16	.	.	PUNCT
arjefm-1194	217	1	the	the	DET
arjefm-1194	217	2	robust	robust	ADJ
arjefm-1194	217	3	regression	regression	NOUN
arjefm-1194	217	4	output	output	NOUN
arjefm-1194	217	5	for	for	ADP
arjefm-1194	217	6	the	the	DET
arjefm-1194	217	7	test	test	NOUN
arjefm-1194	217	8	of	of	ADP
arjefm-1194	217	9	hypothesis	hypothesis	NOUN
arjefm-1194	217	10	one	one	NOUN
arjefm-1194	217	11	is	be	AUX
arjefm-1194	217	12	shown	show	VERB
arjefm-1194	217	13	below	below	ADP
arjefm-1194	217	14	as	as	SCONJ
arjefm-1194	217	15	follows	follow	VERB
arjefm-1194	217	16	:	:	PUNCT
arjefm-1194	217	17	table	table	NOUN
arjefm-1194	217	18	4	4	NUM
arjefm-1194	217	19	:	:	PUNCT
arjefm-1194	217	20	regression	regression	VERB
arjefm-1194	217	21	output	output	NOUN
arjefm-1194	217	22	for	for	ADP
arjefm-1194	217	23	the	the	DET
arjefm-1194	217	24	test	test	NOUN
arjefm-1194	217	25	of	of	ADP
arjefm-1194	217	26	hypothesis	hypothesis	NOUN
arjefm-1194	217	27	one	one	NUM
arjefm-1194	217	28	dependent	dependent	ADJ
arjefm-1194	217	29	variable	variable	NOUN
arjefm-1194	217	30	:	:	PUNCT
arjefm-1194	217	31	smep	smep	NOUN
arjefm-1194	217	32	method	method	NOUN
arjefm-1194	217	33	:	:	PUNCT
arjefm-1194	217	34	ml	ml	PART
arjefm-1194	217	35	arch	arch	VERB
arjefm-1194	217	36	(	(	PUNCT
arjefm-1194	217	37	bfgs	bfgs	PROPN
arjefm-1194	217	38	/	/	SYM
arjefm-1194	217	39	marquardt	marquardt	PROPN
arjefm-1194	217	40	steps	step	NOUN
arjefm-1194	217	41	)	)	PUNCT
arjefm-1194	217	42	date	date	NOUN
arjefm-1194	217	43	:	:	PUNCT
arjefm-1194	217	44	10/04/24	10/04/24	NUM
arjefm-1194	217	45	time	time	NOUN
arjefm-1194	217	46	:	:	PUNCT
arjefm-1194	217	47	21:16	21:16	NUM
arjefm-1194	217	48	sample	sample	NOUN
arjefm-1194	217	49	:	:	PUNCT
arjefm-1194	217	50	2011	2011	NUM
arjefm-1194	217	51	2023	2023	NUM
arjefm-1194	217	52	included	include	VERB
arjefm-1194	217	53	observations	observation	NOUN
arjefm-1194	217	54	:	:	PUNCT
arjefm-1194	217	55	13	13	NUM
arjefm-1194	217	56	method	method	NOUN
arjefm-1194	217	57	:	:	PUNCT
arjefm-1194	218	1	m	m	NOUN
arjefm-1194	218	2	-	-	NOUN
arjefm-1194	218	3	estimation	estimation	NOUN
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arjefm-1194	218	5	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1194	218	6	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1194	218	7	american	american	PROPN
arjefm-1194	218	8	research	research	PROPN
arjefm-1194	218	9	journal	journal	PROPN
arjefm-1194	218	10	of	of	ADP
arjefm-1194	218	11	economics	economic	NOUN
arjefm-1194	218	12	,	,	PUNCT
arjefm-1194	218	13	finance	finance	NOUN
arjefm-1194	218	14	and	and	CCONJ
arjefm-1194	218	15	management	management	NOUN
arjefm-1194	218	16	volume	volume	NOUN
arjefm-1194	218	17	13	13	NUM
arjefm-1194	218	18	issue	issue	NOUN
arjefm-1194	218	19	1	1	NUM
arjefm-1194	218	20	,	,	PUNCT
arjefm-1194	218	21	january	january	PROPN
arjefm-1194	218	22	-march	-march	PROPN
arjefm-1194	218	23	2025	2025	NUM
arjefm-1194	218	24	issn	issn	NOUN
arjefm-1194	218	25	:	:	PUNCT
arjefm-1194	218	26	2836	2836	NUM
arjefm-1194	218	27	-	-	SYM
arjefm-1194	218	28	9416	9416	NUM
arjefm-1194	218	29	impact	impact	NOUN
arjefm-1194	218	30	factor	factor	NOUN
arjefm-1194	218	31	:	:	PUNCT
arjefm-1194	218	32	6.41	6.41	NUM
arjefm-1194	218	33	journal	journal	NOUN
arjefm-1194	218	34	homepage	homepage	NOUN
arjefm-1194	218	35	:	:	PUNCT
arjefm-1194	218	36	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1194	218	37	,	,	PUNCT
arjefm-1194	218	38	email	email	NOUN
arjefm-1194	218	39	:	:	PUNCT
arjefm-1194	219	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1194	219	2	official	official	ADJ
arjefm-1194	219	3	journal	journal	PROPN
arjefm-1194	219	4	of	of	ADP
arjefm-1194	219	5	america	america	PROPN
arjefm-1194	219	6	serial	serial	PROPN
arjefm-1194	219	7	publication	publication	NOUN
arjefm-1194	219	8	american	american	PROPN
arjefm-1194	219	9	research	research	PROPN
arjefm-1194	219	10	journal	journal	PROPN
arjefm-1194	219	11	of	of	ADP
arjefm-1194	219	12	economics	economic	NOUN
arjefm-1194	219	13	,	,	PUNCT
arjefm-1194	219	14	finance	finance	NOUN
arjefm-1194	219	15	and	and	CCONJ
arjefm-1194	219	16	management	management	NOUN
arjefm-1194	219	17	https://americaserial.com/journals/index.php/	https://americaserial.com/journals/index.php/	PROPN
arjefm-1194	219	18	arjefm	arjefm	PROPN
arjefm-1194	219	19	,	,	PUNCT
arjefm-1194	219	20	email	email	NOUN
arjefm-1194	219	21	:	:	PUNCT
arjefm-1194	219	22	contact@americaserial.com	contact@americaserial.com	X
arjefm-1194	220	1	224	224	NUM
arjefm-1194	221	1	|	|	ADV
arjefm-1194	221	2	p	p	NOUN
arjefm-1194	221	3	a	a	DET
arjefm-1194	221	4	g	g	NOUN
arjefm-1194	221	5	e	e	PROPN
arjefm-1194	221	6	m	m	PROPN
arjefm-1194	221	7	settings	setting	NOUN
arjefm-1194	221	8	:	:	PUNCT
arjefm-1194	221	9	weight	weight	NOUN
arjefm-1194	221	10	=	=	NOUN
arjefm-1194	221	11	bisquare	bisquare	NOUN
arjefm-1194	221	12	,	,	PUNCT
arjefm-1194	221	13	tuning=4.685	tuning=4.685	NUM
arjefm-1194	221	14	,	,	PUNCT
arjefm-1194	221	15	scale	scale	NOUN
arjefm-1194	221	16	=	=	SYM
arjefm-1194	221	17	mad	mad	ADJ
arjefm-1194	221	18	(	(	PUNCT
arjefm-1194	221	19	median	median	NOUN
arjefm-1194	221	20	centered	center	VERB
arjefm-1194	221	21	)	)	PUNCT
arjefm-1194	221	22	huber	huber	NOUN
arjefm-1194	221	23	type	type	NOUN
arjefm-1194	221	24	i	i	PRON
arjefm-1194	221	25	standard	standard	ADJ
arjefm-1194	221	26	errors	error	NOUN
arjefm-1194	221	27	&	&	CCONJ
arjefm-1194	221	28	covariance	covariance	PROPN
arjefm-1194	221	29	variable	variable	ADJ
arjefm-1194	221	30	coefficient	coefficient	NOUN
arjefm-1194	221	31	std	std	PROPN
arjefm-1194	221	32	.	.	PUNCT
arjefm-1194	222	1	error	error	NOUN
arjefm-1194	222	2	z	z	NOUN
arjefm-1194	222	3	-	-	PUNCT
arjefm-1194	222	4	statistic	statistic	ADJ
arjefm-1194	222	5	prob	prob	NOUN
arjefm-1194	222	6	.	.	PUNCT
arjefm-1194	223	1	c	c	NOUN
arjefm-1194	223	2	13.62293	13.62293	NUM
arjefm-1194	223	3	6.640446	6.640446	NUM
arjefm-1194	223	4	2.051508	2.051508	NUM
arjefm-1194	223	5	0.0402	0.0402	NUM
arjefm-1194	223	6	tvf	tvf	NOUN
arjefm-1194	223	7	0.088560	0.088560	NUM
arjefm-1194	223	8	0.014787	0.014787	NUM
arjefm-1194	223	9	5.989167	5.989167	NUM
arjefm-1194	223	10	0.0000	0.0000	NUM
arjefm-1194	223	11	robust	robust	ADJ
arjefm-1194	223	12	statistics	statistic	NOUN
arjefm-1194	223	13	r	r	NOUN
arjefm-1194	223	14	-	-	PUNCT
arjefm-1194	223	15	squared	square	VERB
arjefm-1194	223	16	0.516273	0.516273	NUM
arjefm-1194	223	17	adjusted	adjusted	ADJ
arjefm-1194	223	18	r	r	NOUN
arjefm-1194	223	19	-	-	PUNCT
arjefm-1194	223	20	squared	square	VERB
arjefm-1194	223	21	0.472298	0.472298	NUM
arjefm-1194	223	22	rw	rw	NOUN
arjefm-1194	223	23	-	-	PUNCT
arjefm-1194	223	24	squared	square	VERB
arjefm-1194	223	25	0.891493	0.891493	NUM
arjefm-1194	223	26	adjust	adjust	VERB
arjefm-1194	223	27	rw	rw	NOUN
arjefm-1194	223	28	-	-	PUNCT
arjefm-1194	223	29	squared	square	VERB
arjefm-1194	223	30	0.891493	0.891493	NUM
arjefm-1194	223	31	akaike	akaike	ADJ
arjefm-1194	223	32	info	info	NOUN
arjefm-1194	223	33	criterion	criterion	NOUN
arjefm-1194	223	34	39.54740	39.54740	NUM
arjefm-1194	223	35	schwarz	schwarz	PROPN
arjefm-1194	223	36	criterion	criterion	NOUN
arjefm-1194	223	37	41.92473	41.92473	NUM
arjefm-1194	223	38	deviance	deviance	NOUN
arjefm-1194	223	39	4187.662	4187.662	NUM
arjefm-1194	223	40	scale	scale	NOUN
arjefm-1194	223	41	10.66823	10.66823	NUM
arjefm-1194	223	42	rn	rn	ADJ
arjefm-1194	223	43	-	-	ADJ
arjefm-1194	223	44	squared	squared	ADJ
arjefm-1194	223	45	statistic	statistic	NOUN
arjefm-1194	223	46	35.87012	35.87012	NUM
arjefm-1194	223	47	prob(rn	prob(rn	PROPN
arjefm-1194	223	48	-	-	PUNCT
arjefm-1194	223	49	squared	square	VERB
arjefm-1194	223	50	stat	stat	NOUN
arjefm-1194	223	51	.	.	PUNCT
arjefm-1194	223	52	)	)	PUNCT
arjefm-1194	224	1	0.000000	0.000000	NUM
arjefm-1194	224	2	non	non	ADJ
arjefm-1194	224	3	-	-	ADJ
arjefm-1194	224	4	robust	robust	ADJ
arjefm-1194	224	5	statistics	statistic	NOUN
arjefm-1194	224	6	mean	mean	VERB
arjefm-1194	224	7	dependent	dependent	ADJ
arjefm-1194	224	8	var	var	NOUN
arjefm-1194	224	9	66.14179	66.14179	NUM
arjefm-1194	225	1	s.d	s.d	PROPN
arjefm-1194	225	2	.	.	PUNCT
arjefm-1194	226	1	dependent	dependent	ADJ
arjefm-1194	226	2	var	var	PROPN
arjefm-1194	226	3	94.74549	94.74549	NUM
arjefm-1194	227	1	s.e	s.e	PROPN
arjefm-1194	227	2	.	.	PROPN
arjefm-1194	227	3	of	of	ADP
arjefm-1194	227	4	regression	regression	PROPN
arjefm-1194	227	5	94.08482	94.08482	NUM
arjefm-1194	227	6	sum	sum	NOUN
arjefm-1194	227	7	squared	square	VERB
arjefm-1194	227	8	resid	resid	PROPN
arjefm-1194	227	9	97371.49	97371.49	NUM
arjefm-1194	227	10	source	source	NOUN
arjefm-1194	227	11	:	:	PUNCT
arjefm-1194	227	12	e	e	NOUN
arjefm-1194	227	13	-	-	NOUN
arjefm-1194	227	14	views	view	VERB
arjefm-1194	227	15	11	11	NUM
arjefm-1194	227	16	the	the	DET
arjefm-1194	227	17	r	r	NOUN
arjefm-1194	227	18	-	-	PUNCT
arjefm-1194	227	19	squared	square	VERB
arjefm-1194	227	20	value	value	NOUN
arjefm-1194	227	21	of	of	ADP
arjefm-1194	227	22	0.516273	0.516273	NUM
arjefm-1194	227	23	implies	imply	VERB
arjefm-1194	227	24	that	that	SCONJ
arjefm-1194	227	25	the	the	DET
arjefm-1194	227	26	model	model	NOUN
arjefm-1194	227	27	explains	explain	VERB
arjefm-1194	227	28	about	about	ADP
arjefm-1194	227	29	51.6	51.6	NUM
arjefm-1194	227	30	%	%	NOUN
arjefm-1194	227	31	of	of	ADP
arjefm-1194	227	32	the	the	DET
arjefm-1194	227	33	variability	variability	NOUN
arjefm-1194	227	34	in	in	ADP
arjefm-1194	227	35	sme	sme	NOUN
arjefm-1194	227	36	profitability	profitability	NOUN
arjefm-1194	227	37	.	.	PUNCT
arjefm-1194	228	1	the	the	DET
arjefm-1194	228	2	adjusted	adjusted	ADJ
arjefm-1194	228	3	r	r	NOUN
arjefm-1194	228	4	-	-	PUNCT
arjefm-1194	228	5	squared	square	VERB
arjefm-1194	228	6	value	value	NOUN
arjefm-1194	228	7	of	of	ADP
arjefm-1194	228	8	0.472298	0.472298	NUM
arjefm-1194	228	9	accounts	account	NOUN
arjefm-1194	228	10	for	for	ADP
arjefm-1194	228	11	the	the	DET
arjefm-1194	228	12	number	number	NOUN
arjefm-1194	228	13	of	of	ADP
arjefm-1194	228	14	predictors	predictor	NOUN
arjefm-1194	228	15	,	,	PUNCT
arjefm-1194	228	16	slightly	slightly	ADV
arjefm-1194	228	17	lowering	lower	VERB
arjefm-1194	228	18	the	the	DET
arjefm-1194	228	19	explained	explain	VERB
arjefm-1194	228	20	variability	variability	NOUN
arjefm-1194	228	21	to	to	ADP
arjefm-1194	228	22	47.2	47.2	NUM
arjefm-1194	228	23	%	%	NOUN
arjefm-1194	228	24	.	.	PUNCT
arjefm-1194	229	1	the	the	DET
arjefm-1194	229	2	r	r	NOUN
arjefm-1194	229	3	-	-	PUNCT
arjefm-1194	229	4	squared	square	VERB
arjefm-1194	229	5	value	value	NOUN
arjefm-1194	229	6	of	of	ADP
arjefm-1194	229	7	0.891493	0.891493	NUM
arjefm-1194	229	8	indicates	indicate	VERB
arjefm-1194	229	9	that	that	SCONJ
arjefm-1194	229	10	the	the	DET
arjefm-1194	229	11	model	model	NOUN
arjefm-1194	229	12	’s	’s	PART
arjefm-1194	229	13	robustness	robustness	NOUN
arjefm-1194	229	14	check	check	NOUN
arjefm-1194	229	15	shows	show	VERB
arjefm-1194	229	16	a	a	DET
arjefm-1194	229	17	very	very	ADV
arjefm-1194	229	18	high	high	ADJ
arjefm-1194	229	19	degree	degree	NOUN
arjefm-1194	229	20	of	of	ADP
arjefm-1194	229	21	fit	fit	ADJ
arjefm-1194	229	22	when	when	SCONJ
arjefm-1194	229	23	considering	consider	VERB
arjefm-1194	229	24	the	the	DET
arjefm-1194	229	25	robustness	robustness	NOUN
arjefm-1194	229	26	adjustments	adjustment	NOUN
arjefm-1194	229	27	(	(	PUNCT
arjefm-1194	229	28	e.g.	e.g.	ADV
arjefm-1194	229	29	,	,	PUNCT
arjefm-1194	229	30	mestimation	mestimation	NOUN
arjefm-1194	229	31	)	)	PUNCT
arjefm-1194	229	32	.	.	PUNCT
arjefm-1194	230	1	the	the	DET
arjefm-1194	230	2	constant	constant	ADJ
arjefm-1194	230	3	term	term	NOUN
arjefm-1194	230	4	(	(	PUNCT
arjefm-1194	230	5	c	c	NOUN
arjefm-1194	230	6	)	)	PUNCT
arjefm-1194	230	7	is	be	AUX
arjefm-1194	230	8	13.62293	13.62293	NUM
arjefm-1194	230	9	,	,	PUNCT
arjefm-1194	230	10	with	with	ADP
arjefm-1194	230	11	a	a	DET
arjefm-1194	230	12	standard	standard	ADJ
arjefm-1194	230	13	error	error	NOUN
arjefm-1194	230	14	of	of	ADP
arjefm-1194	230	15	6.640446	6.640446	NUM
arjefm-1194	230	16	and	and	CCONJ
arjefm-1194	230	17	a	a	DET
arjefm-1194	230	18	z	z	NOUN
arjefm-1194	230	19	-	-	NOUN
arjefm-1194	230	20	statistic	statistic	NOUN
arjefm-1194	230	21	of	of	ADP
arjefm-1194	230	22	2.051508	2.051508	NUM
arjefm-1194	230	23	,	,	PUNCT
arjefm-1194	230	24	which	which	PRON
arjefm-1194	230	25	is	be	AUX
arjefm-1194	230	26	statistically	statistically	ADV
arjefm-1194	230	27	significant	significant	ADJ
arjefm-1194	230	28	at	at	ADP
arjefm-1194	230	29	the	the	DET
arjefm-1194	230	30	5	5	NUM
arjefm-1194	230	31	%	%	NOUN
arjefm-1194	230	32	level	level	NOUN
arjefm-1194	230	33	(	(	PUNCT
arjefm-1194	230	34	p	p	NOUN
arjefm-1194	230	35	-	-	PUNCT
arjefm-1194	230	36	value	value	NOUN
arjefm-1194	230	37	=	=	NOUN
arjefm-1194	230	38	0.0402	0.0402	NUM
arjefm-1194	230	39	)	)	PUNCT
arjefm-1194	230	40	.	.	PUNCT
arjefm-1194	231	1	the	the	DET
arjefm-1194	231	2	coefficient	coefficient	NOUN
arjefm-1194	231	3	for	for	ADP
arjefm-1194	231	4	tvf	tvf	PROPN
arjefm-1194	231	5	is	be	AUX
arjefm-1194	231	6	0.088560	0.088560	NUM
arjefm-1194	231	7	,	,	PUNCT
arjefm-1194	231	8	with	with	ADP
arjefm-1194	231	9	a	a	DET
arjefm-1194	231	10	very	very	ADV
arjefm-1194	231	11	low	low	ADJ
arjefm-1194	231	12	standard	standard	ADJ
arjefm-1194	231	13	error	error	NOUN
arjefm-1194	231	14	of	of	ADP
arjefm-1194	231	15	0.014787	0.014787	NUM
arjefm-1194	231	16	and	and	CCONJ
arjefm-1194	231	17	a	a	DET
arjefm-1194	231	18	highly	highly	ADV
arjefm-1194	231	19	significant	significant	ADJ
arjefm-1194	231	20	z	z	NOUN
arjefm-1194	231	21	-	-	NOUN
arjefm-1194	231	22	statistic	statistic	NOUN
arjefm-1194	231	23	of	of	ADP
arjefm-1194	231	24	5.989167	5.989167	NUM
arjefm-1194	231	25	(	(	PUNCT
arjefm-1194	231	26	p	p	NOUN
arjefm-1194	231	27	-	-	PUNCT
arjefm-1194	231	28	value	value	NOUN
arjefm-1194	231	29	=	=	NOUN
arjefm-1194	231	30	0.0000	0.0000	NUM
arjefm-1194	231	31	)	)	PUNCT
arjefm-1194	231	32	.	.	PUNCT
arjefm-1194	232	1	this	this	PRON
arjefm-1194	232	2	indicates	indicate	VERB
arjefm-1194	232	3	that	that	SCONJ
arjefm-1194	232	4	for	for	ADP
arjefm-1194	232	5	every	every	DET
arjefm-1194	232	6	1	1	NUM
arjefm-1194	232	7	-	-	PUNCT
arjefm-1194	232	8	unit	unit	NOUN
arjefm-1194	232	9	increase	increase	NOUN
arjefm-1194	232	10	in	in	ADP
arjefm-1194	232	11	venture	venture	NOUN
arjefm-1194	232	12	financing	financing	NOUN
arjefm-1194	232	13	,	,	PUNCT
arjefm-1194	232	14	sme	sme	NOUN
arjefm-1194	232	15	profitability	profitability	NOUN
arjefm-1194	232	16	increases	increase	NOUN
arjefm-1194	232	17	by	by	ADP
arjefm-1194	232	18	approximately	approximately	ADV
arjefm-1194	232	19	0.089	0.089	NUM
arjefm-1194	232	20	units	unit	NOUN
arjefm-1194	232	21	.	.	PUNCT
arjefm-1194	233	1	the	the	DET
arjefm-1194	233	2	highly	highly	ADV
arjefm-1194	233	3	significant	significant	ADJ
arjefm-1194	233	4	relationship	relationship	NOUN
arjefm-1194	233	5	between	between	ADP
arjefm-1194	233	6	tvf	tvf	NOUN
arjefm-1194	233	7	and	and	CCONJ
arjefm-1194	233	8	smep	smep	NOUN
arjefm-1194	233	9	underscores	underscore	VERB
arjefm-1194	233	10	the	the	DET
arjefm-1194	233	11	importance	importance	NOUN
arjefm-1194	233	12	of	of	ADP
arjefm-1194	233	13	venture	venture	NOUN
arjefm-1194	233	14	financing	financing	NOUN
arjefm-1194	233	15	in	in	ADP
arjefm-1194	233	16	driving	drive	VERB
arjefm-1194	233	17	sme	sme	NOUN
arjefm-1194	233	18	profitability	profitability	NOUN
arjefm-1194	233	19	,	,	PUNCT
arjefm-1194	233	20	making	make	VERB
arjefm-1194	233	21	it	it	PRON
arjefm-1194	233	22	a	a	DET
arjefm-1194	233	23	critical	critical	ADJ
arjefm-1194	233	24	factor	factor	NOUN
arjefm-1194	233	25	.	.	PUNCT
arjefm-1194	234	1	decision	decision	NOUN
arjefm-1194	234	2	rule	rule	NOUN
arjefm-1194	234	3	:	:	PUNCT
arjefm-1194	234	4	the	the	DET
arjefm-1194	234	5	results	result	NOUN
arjefm-1194	234	6	of	of	ADP
arjefm-1194	234	7	the	the	DET
arjefm-1194	234	8	robust	robust	ADJ
arjefm-1194	234	9	model	model	NOUN
arjefm-1194	234	10	provide	provide	VERB
arjefm-1194	234	11	valuable	valuable	ADJ
arjefm-1194	234	12	insights	insight	NOUN
arjefm-1194	234	13	into	into	ADP
arjefm-1194	234	14	the	the	DET
arjefm-1194	234	15	relationship	relationship	NOUN
arjefm-1194	234	16	between	between	ADP
arjefm-1194	234	17	total	total	ADJ
arjefm-1194	234	18	venture	venture	NOUN
arjefm-1194	234	19	financing	financing	NOUN
arjefm-1194	234	20	(	(	PUNCT
arjefm-1194	234	21	tvf	tvf	NOUN
arjefm-1194	234	22	)	)	PUNCT
arjefm-1194	234	23	and	and	CCONJ
arjefm-1194	234	24	sme	sme	NOUN
arjefm-1194	234	25	profitability	profitability	NOUN
arjefm-1194	234	26	(	(	PUNCT
arjefm-1194	234	27	smep	smep	NOUN
arjefm-1194	234	28	)	)	PUNCT
arjefm-1194	234	29	.	.	PUNCT
arjefm-1194	235	1	since	since	SCONJ
arjefm-1194	235	2	the	the	DET
arjefm-1194	235	3	p	p	NOUN
arjefm-1194	235	4	-	-	PUNCT
arjefm-1194	235	5	value	value	NOUN
arjefm-1194	235	6	is	be	AUX
arjefm-1194	235	7	less	less	ADJ
arjefm-1194	235	8	than	than	ADP
arjefm-1194	235	9	.05	.05	NUM
arjefm-1194	235	10	;	;	PUNCT
arjefm-1194	235	11	we	we	PRON
arjefm-1194	235	12	reject	reject	VERB
arjefm-1194	235	13	the	the	DET
arjefm-1194	235	14	null	null	ADJ
arjefm-1194	235	15	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	PROPN
arjefm-1194	235	16	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1194	235	17	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1194	236	1	american	american	PROPN
arjefm-1194	236	2	research	research	PROPN
arjefm-1194	236	3	journal	journal	PROPN
arjefm-1194	236	4	of	of	ADP
arjefm-1194	236	5	economics	economic	NOUN
arjefm-1194	236	6	,	,	PUNCT
arjefm-1194	236	7	finance	finance	NOUN
arjefm-1194	236	8	and	and	CCONJ
arjefm-1194	236	9	management	management	NOUN
arjefm-1194	236	10	volume	volume	NOUN
arjefm-1194	236	11	13	13	NUM
arjefm-1194	236	12	issue	issue	NOUN
arjefm-1194	236	13	1	1	NUM
arjefm-1194	236	14	,	,	PUNCT
arjefm-1194	236	15	january	january	PROPN
arjefm-1194	236	16	-march	-march	PROPN
arjefm-1194	236	17	2025	2025	NUM
arjefm-1194	236	18	issn	issn	NOUN
arjefm-1194	236	19	:	:	PUNCT
arjefm-1194	236	20	2836	2836	NUM
arjefm-1194	236	21	-	-	SYM
arjefm-1194	236	22	9416	9416	NUM
arjefm-1194	236	23	impact	impact	NOUN
arjefm-1194	236	24	factor	factor	NOUN
arjefm-1194	236	25	:	:	PUNCT
arjefm-1194	236	26	6.41	6.41	NUM
arjefm-1194	236	27	journal	journal	NOUN
arjefm-1194	236	28	homepage	homepage	NOUN
arjefm-1194	236	29	:	:	PUNCT
arjefm-1194	236	30	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1194	236	31	,	,	PUNCT
arjefm-1194	236	32	email	email	NOUN
arjefm-1194	236	33	:	:	PUNCT
arjefm-1194	237	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1194	237	2	official	official	ADJ
arjefm-1194	237	3	journal	journal	PROPN
arjefm-1194	237	4	of	of	ADP
arjefm-1194	237	5	america	america	PROPN
arjefm-1194	237	6	serial	serial	PROPN
arjefm-1194	237	7	publication	publication	NOUN
arjefm-1194	237	8	american	american	PROPN
arjefm-1194	237	9	research	research	PROPN
arjefm-1194	237	10	journal	journal	PROPN
arjefm-1194	237	11	of	of	ADP
arjefm-1194	237	12	economics	economic	NOUN
arjefm-1194	237	13	,	,	PUNCT
arjefm-1194	237	14	finance	finance	NOUN
arjefm-1194	237	15	and	and	CCONJ
arjefm-1194	237	16	management	management	NOUN
arjefm-1194	237	17	https://americaserial.com/journals/index.php/	https://americaserial.com/journals/index.php/	PROPN
arjefm-1194	237	18	arjefm	arjefm	PROPN
arjefm-1194	237	19	,	,	PUNCT
arjefm-1194	237	20	email	email	NOUN
arjefm-1194	237	21	:	:	PUNCT
arjefm-1194	237	22	contact@americaserial.com	contact@americaserial.com	X
arjefm-1194	238	1	225	225	NUM
arjefm-1194	239	1	|	|	ADV
arjefm-1194	239	2	p	p	X
arjefm-1194	239	3	a	a	DET
arjefm-1194	239	4	g	g	NOUN
arjefm-1194	239	5	e	e	NOUN
arjefm-1194	239	6	and	and	CCONJ
arjefm-1194	239	7	accept	accept	VERB
arjefm-1194	239	8	the	the	DET
arjefm-1194	239	9	alternate	alternate	NOUN
arjefm-1194	239	10	;	;	PUNCT
arjefm-1194	239	11	thus	thus	ADV
arjefm-1194	239	12	,	,	PUNCT
arjefm-1194	239	13	“	"	PUNCT
arjefm-1194	239	14	there	there	PRON
arjefm-1194	239	15	is	be	VERB
arjefm-1194	239	16	a	a	DET
arjefm-1194	239	17	significant	significant	ADJ
arjefm-1194	239	18	effect	effect	NOUN
arjefm-1194	239	19	of	of	ADP
arjefm-1194	239	20	venture	venture	NOUN
arjefm-1194	239	21	capital	capital	NOUN
arjefm-1194	239	22	financing	financing	NOUN
arjefm-1194	239	23	on	on	ADP
arjefm-1194	239	24	smes	sme	NOUN
arjefm-1194	239	25	profitability	profitability	NOUN
arjefm-1194	239	26	”	"	PUNCT
arjefm-1194	239	27	.	.	PUNCT
arjefm-1194	240	1	test	test	NOUN
arjefm-1194	240	2	of	of	ADP
arjefm-1194	240	3	hypothesis	hypothesis	NOUN
arjefm-1194	240	4	two	two	NUM
arjefm-1194	240	5	h0	h0	NOUN
arjefm-1194	240	6	:	:	PUNCT
arjefm-1194	240	7	there	there	PRON
arjefm-1194	240	8	is	be	VERB
arjefm-1194	240	9	no	no	DET
arjefm-1194	240	10	significant	significant	ADJ
arjefm-1194	240	11	relationship	relationship	NOUN
arjefm-1194	240	12	between	between	ADP
arjefm-1194	240	13	venture	venture	NOUN
arjefm-1194	240	14	capital	capital	NOUN
arjefm-1194	240	15	financing	financing	NOUN
arjefm-1194	240	16	and	and	CCONJ
arjefm-1194	240	17	sme	sme	NOUN
arjefm-1194	240	18	performance	performance	NOUN
arjefm-1194	240	19	in	in	ADP
arjefm-1194	240	20	terms	term	NOUN
arjefm-1194	240	21	of	of	ADP
arjefm-1194	240	22	job	job	NOUN
arjefm-1194	240	23	creation	creation	NOUN
arjefm-1194	240	24	.	.	PUNCT
arjefm-1194	241	1	h1	h1	PROPN
arjefm-1194	241	2	:	:	PUNCT
arjefm-1194	241	3	there	there	PRON
arjefm-1194	241	4	is	be	VERB
arjefm-1194	241	5	a	a	DET
arjefm-1194	241	6	significant	significant	ADJ
arjefm-1194	241	7	relationship	relationship	NOUN
arjefm-1194	241	8	between	between	ADP
arjefm-1194	241	9	venture	venture	NOUN
arjefm-1194	241	10	capital	capital	NOUN
arjefm-1194	241	11	financing	financing	NOUN
arjefm-1194	241	12	and	and	CCONJ
arjefm-1194	241	13	sme	sme	NOUN
arjefm-1194	241	14	performance	performance	NOUN
arjefm-1194	241	15	in	in	ADP
arjefm-1194	241	16	terms	term	NOUN
arjefm-1194	241	17	of	of	ADP
arjefm-1194	241	18	job	job	NOUN
arjefm-1194	241	19	creation	creation	NOUN
arjefm-1194	241	20	.	.	PUNCT
arjefm-1194	242	1	the	the	DET
arjefm-1194	242	2	robust	robust	ADJ
arjefm-1194	242	3	regression	regression	NOUN
arjefm-1194	242	4	output	output	NOUN
arjefm-1194	242	5	for	for	ADP
arjefm-1194	242	6	the	the	DET
arjefm-1194	242	7	test	test	NOUN
arjefm-1194	242	8	of	of	ADP
arjefm-1194	242	9	hypothesis	hypothesis	NOUN
arjefm-1194	242	10	two	two	NUM
arjefm-1194	242	11	is	be	AUX
arjefm-1194	242	12	shown	show	VERB
arjefm-1194	242	13	below	below	ADP
arjefm-1194	242	14	as	as	SCONJ
arjefm-1194	242	15	follows	follow	VERB
arjefm-1194	242	16	:	:	PUNCT
arjefm-1194	242	17	table	table	NOUN
arjefm-1194	242	18	5	5	NUM
arjefm-1194	242	19	:	:	PUNCT
arjefm-1194	242	20	regression	regression	NOUN
arjefm-1194	242	21	output	output	NOUN
arjefm-1194	242	22	for	for	ADP
arjefm-1194	242	23	the	the	DET
arjefm-1194	242	24	test	test	NOUN
arjefm-1194	242	25	of	of	ADP
arjefm-1194	242	26	hypothesis	hypothesis	NOUN
arjefm-1194	242	27	two	two	NUM
arjefm-1194	242	28	dependent	dependent	ADJ
arjefm-1194	242	29	variable	variable	NOUN
arjefm-1194	242	30	:	:	PUNCT
arjefm-1194	242	31	empr	empr	NOUN
arjefm-1194	242	32	method	method	NOUN
arjefm-1194	242	33	:	:	PUNCT
arjefm-1194	242	34	ml	ml	PART
arjefm-1194	242	35	arch	arch	VERB
arjefm-1194	242	36	(	(	PUNCT
arjefm-1194	242	37	bfgs	bfgs	PROPN
arjefm-1194	242	38	/	/	SYM
arjefm-1194	242	39	marquardt	marquardt	PROPN
arjefm-1194	242	40	steps	step	NOUN
arjefm-1194	242	41	)	)	PUNCT
arjefm-1194	242	42	date	date	NOUN
arjefm-1194	242	43	:	:	PUNCT
arjefm-1194	242	44	10/04/24	10/04/24	NUM
arjefm-1194	242	45	time	time	NOUN
arjefm-1194	242	46	:	:	PUNCT
arjefm-1194	242	47	21:26	21:26	NUM
arjefm-1194	242	48	sample	sample	NOUN
arjefm-1194	242	49	:	:	PUNCT
arjefm-1194	242	50	2011	2011	NUM
arjefm-1194	242	51	2023	2023	NUM
arjefm-1194	242	52	included	include	VERB
arjefm-1194	242	53	observations	observation	NOUN
arjefm-1194	242	54	:	:	PUNCT
arjefm-1194	242	55	13	13	NUM
arjefm-1194	242	56	method	method	NOUN
arjefm-1194	242	57	:	:	PUNCT
arjefm-1194	242	58	m	m	NOUN
arjefm-1194	242	59	-	-	PUNCT
arjefm-1194	242	60	estimation	estimation	NOUN
arjefm-1194	242	61	m	m	NOUN
arjefm-1194	242	62	settings	setting	NOUN
arjefm-1194	242	63	:	:	PUNCT
arjefm-1194	242	64	weight	weight	NOUN
arjefm-1194	242	65	=	=	NOUN
arjefm-1194	242	66	bisquare	bisquare	NOUN
arjefm-1194	242	67	,	,	PUNCT
arjefm-1194	242	68	tuning=4.685	tuning=4.685	NUM
arjefm-1194	242	69	,	,	PUNCT
arjefm-1194	242	70	scale	scale	NOUN
arjefm-1194	242	71	=	=	SYM
arjefm-1194	242	72	mad	mad	ADJ
arjefm-1194	242	73	(	(	PUNCT
arjefm-1194	242	74	median	median	NOUN
arjefm-1194	242	75	centered	center	VERB
arjefm-1194	242	76	)	)	PUNCT
arjefm-1194	242	77	huber	huber	NOUN
arjefm-1194	242	78	type	type	NOUN
arjefm-1194	242	79	i	i	PRON
arjefm-1194	242	80	standard	standard	ADJ
arjefm-1194	242	81	errors	error	NOUN
arjefm-1194	242	82	&	&	CCONJ
arjefm-1194	242	83	covariance	covariance	PROPN
arjefm-1194	242	84	variable	variable	ADJ
arjefm-1194	242	85	coefficient	coefficient	NOUN
arjefm-1194	242	86	std	std	PROPN
arjefm-1194	242	87	.	.	PUNCT
arjefm-1194	242	88	error	error	NOUN
arjefm-1194	242	89	z	z	NOUN
arjefm-1194	242	90	-	-	PUNCT
arjefm-1194	242	91	statistic	statistic	ADJ
arjefm-1194	242	92	prob	prob	NOUN
arjefm-1194	242	93	.	.	PUNCT
arjefm-1194	243	1	c	c	PROPN
arjefm-1194	243	2	57.08170	57.08170	NUM
arjefm-1194	243	3	0.366898	0.366898	NUM
arjefm-1194	243	4	155.5792	155.5792	NUM
arjefm-1194	243	5	0.0000	0.0000	NUM
arjefm-1194	243	6	tvf	tvf	NOUN
arjefm-1194	243	7	-0.001062	-0.001062	NOUN
arjefm-1194	243	8	0.000817	0.000817	NUM
arjefm-1194	243	9	-1.299791	-1.299791	NOUN
arjefm-1194	244	1	0.1937	0.1937	NUM
arjefm-1194	244	2	robust	robust	ADJ
arjefm-1194	244	3	statistics	statistic	NOUN
arjefm-1194	244	4	r	r	NOUN
arjefm-1194	244	5	-	-	PUNCT
arjefm-1194	244	6	squared	square	VERB
arjefm-1194	244	7	0.144681	0.144681	NUM
arjefm-1194	244	8	adjusted	adjusted	ADJ
arjefm-1194	244	9	r	r	NOUN
arjefm-1194	244	10	-	-	PUNCT
arjefm-1194	244	11	squared	square	VERB
arjefm-1194	244	12	0.066925	0.066925	NUM
arjefm-1194	244	13	rw	rw	NOUN
arjefm-1194	244	14	-	-	PUNCT
arjefm-1194	244	15	squared	square	VERB
arjefm-1194	244	16	0.197117	0.197117	NUM
arjefm-1194	244	17	adjust	adjust	VERB
arjefm-1194	244	18	rw	rw	NOUN
arjefm-1194	244	19	-	-	PUNCT
arjefm-1194	244	20	squared	square	VERB
arjefm-1194	244	21	0.197117	0.197117	NUM
arjefm-1194	244	22	akaike	akaike	ADJ
arjefm-1194	244	23	info	info	NOUN
arjefm-1194	244	24	criterion	criterion	NOUN
arjefm-1194	244	25	18.13191	18.13191	NUM
arjefm-1194	244	26	schwarz	schwarz	PROPN
arjefm-1194	244	27	criterion	criterion	NOUN
arjefm-1194	244	28	19.28805	19.28805	NUM
arjefm-1194	244	29	deviance	deviance	NOUN
arjefm-1194	244	30	7.770636	7.770636	NUM
arjefm-1194	244	31	scale	scale	NOUN
arjefm-1194	244	32	0.740841	0.740841	NUM
arjefm-1194	244	33	rn	rn	ADJ
arjefm-1194	244	34	-	-	ADJ
arjefm-1194	244	35	squared	square	VERB
arjefm-1194	244	36	statistic	statistic	NOUN
arjefm-1194	244	37	1.689456	1.689456	NUM
arjefm-1194	244	38	prob(rn	prob(rn	PROPN
arjefm-1194	244	39	-	-	PUNCT
arjefm-1194	244	40	squared	square	VERB
arjefm-1194	244	41	stat	stat	NOUN
arjefm-1194	244	42	.	.	PUNCT
arjefm-1194	244	43	)	)	PUNCT
arjefm-1194	245	1	0.193673	0.193673	NUM
arjefm-1194	245	2	non	non	ADJ
arjefm-1194	245	3	-	-	ADJ
arjefm-1194	245	4	robust	robust	ADJ
arjefm-1194	245	5	statistics	statistic	NOUN
arjefm-1194	245	6	mean	mean	VERB
arjefm-1194	245	7	dependent	dependent	ADJ
arjefm-1194	245	8	var	var	NOUN
arjefm-1194	246	1	56.68923	56.68923	NUM
arjefm-1194	246	2	s.d	s.d	PROPN
arjefm-1194	246	3	.	.	PUNCT
arjefm-1194	247	1	dependent	dependent	ADJ
arjefm-1194	247	2	var	var	NOUN
arjefm-1194	247	3	0.933489	0.933489	NUM
arjefm-1194	247	4	s.e	s.e	PROPN
arjefm-1194	247	5	.	.	PROPN
arjefm-1194	247	6	of	of	ADP
arjefm-1194	247	7	regression	regression	NOUN
arjefm-1194	247	8	0.914156	0.914156	NUM
arjefm-1194	247	9	sum	sum	NOUN
arjefm-1194	247	10	squared	square	VERB
arjefm-1194	247	11	resid	resid	NOUN
arjefm-1194	247	12	9.192498	9.192498	NUM
arjefm-1194	247	13	source	source	NOUN
arjefm-1194	247	14	:	:	PUNCT
arjefm-1194	247	15	e	e	NOUN
arjefm-1194	247	16	-	-	NOUN
arjefm-1194	247	17	views	view	VERB
arjefm-1194	247	18	11	11	NUM
arjefm-1194	247	19	the	the	DET
arjefm-1194	247	20	r	r	NOUN
arjefm-1194	247	21	-	-	PUNCT
arjefm-1194	247	22	squared	square	VERB
arjefm-1194	247	23	value	value	NOUN
arjefm-1194	247	24	of	of	ADP
arjefm-1194	247	25	0.144681	0.144681	NUM
arjefm-1194	247	26	indicates	indicate	VERB
arjefm-1194	247	27	that	that	SCONJ
arjefm-1194	247	28	the	the	DET
arjefm-1194	247	29	model	model	NOUN
arjefm-1194	247	30	explains	explain	VERB
arjefm-1194	247	31	only	only	ADV
arjefm-1194	247	32	14.5	14.5	NUM
arjefm-1194	247	33	%	%	NOUN
arjefm-1194	247	34	of	of	ADP
arjefm-1194	247	35	the	the	DET
arjefm-1194	247	36	variability	variability	NOUN
arjefm-1194	247	37	in	in	ADP
arjefm-1194	247	38	the	the	DET
arjefm-1194	247	39	employment	employment	NOUN
arjefm-1194	247	40	rate	rate	NOUN
arjefm-1194	247	41	.	.	PUNCT
arjefm-1194	248	1	the	the	DET
arjefm-1194	248	2	adjusted	adjusted	ADJ
arjefm-1194	248	3	r	r	NOUN
arjefm-1194	248	4	-	-	PUNCT
arjefm-1194	248	5	squared	square	VERB
arjefm-1194	248	6	of	of	ADP
arjefm-1194	248	7	0.066925	0.066925	NUM
arjefm-1194	248	8	suggests	suggest	VERB
arjefm-1194	248	9	that	that	SCONJ
arjefm-1194	248	10	after	after	ADP
arjefm-1194	248	11	accounting	account	VERB
arjefm-1194	248	12	for	for	ADP
arjefm-1194	248	13	the	the	DET
arjefm-1194	248	14	number	number	NOUN
arjefm-1194	248	15	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	PROPN
arjefm-1194	248	16	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1194	248	17	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1194	248	18	american	american	PROPN
arjefm-1194	248	19	research	research	PROPN
arjefm-1194	248	20	journal	journal	PROPN
arjefm-1194	248	21	of	of	ADP
arjefm-1194	248	22	economics	economic	NOUN
arjefm-1194	248	23	,	,	PUNCT
arjefm-1194	248	24	finance	finance	NOUN
arjefm-1194	248	25	and	and	CCONJ
arjefm-1194	248	26	management	management	NOUN
arjefm-1194	248	27	volume	volume	NOUN
arjefm-1194	248	28	13	13	NUM
arjefm-1194	248	29	issue	issue	NOUN
arjefm-1194	248	30	1	1	NUM
arjefm-1194	248	31	,	,	PUNCT
arjefm-1194	248	32	january	january	PROPN
arjefm-1194	248	33	-march	-march	PROPN
arjefm-1194	248	34	2025	2025	NUM
arjefm-1194	248	35	issn	issn	NOUN
arjefm-1194	248	36	:	:	PUNCT
arjefm-1194	248	37	2836	2836	NUM
arjefm-1194	248	38	-	-	SYM
arjefm-1194	248	39	9416	9416	NUM
arjefm-1194	248	40	impact	impact	NOUN
arjefm-1194	248	41	factor	factor	NOUN
arjefm-1194	248	42	:	:	PUNCT
arjefm-1194	248	43	6.41	6.41	NUM
arjefm-1194	248	44	journal	journal	NOUN
arjefm-1194	248	45	homepage	homepage	NOUN
arjefm-1194	248	46	:	:	PUNCT
arjefm-1194	248	47	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1194	248	48	,	,	PUNCT
arjefm-1194	248	49	email	email	NOUN
arjefm-1194	248	50	:	:	PUNCT
arjefm-1194	248	51	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1194	248	52	official	official	ADJ
arjefm-1194	248	53	journal	journal	PROPN
arjefm-1194	248	54	of	of	ADP
arjefm-1194	248	55	america	america	PROPN
arjefm-1194	248	56	serial	serial	PROPN
arjefm-1194	248	57	publication	publication	NOUN
arjefm-1194	248	58	american	american	PROPN
arjefm-1194	248	59	research	research	PROPN
arjefm-1194	248	60	journal	journal	PROPN
arjefm-1194	248	61	of	of	ADP
arjefm-1194	248	62	economics	economic	NOUN
arjefm-1194	248	63	,	,	PUNCT
arjefm-1194	248	64	finance	finance	NOUN
arjefm-1194	248	65	and	and	CCONJ
arjefm-1194	248	66	management	management	NOUN
arjefm-1194	248	67	https://americaserial.com/journals/index.php/	https://americaserial.com/journals/index.php/	PROPN
arjefm-1194	248	68	arjefm	arjefm	PROPN
arjefm-1194	248	69	,	,	PUNCT
arjefm-1194	248	70	email	email	NOUN
arjefm-1194	248	71	:	:	PUNCT
arjefm-1194	248	72	contact@americaserial.com	contact@americaserial.com	X
arjefm-1194	249	1	226	226	NUM
arjefm-1194	250	1	|	|	ADV
arjefm-1194	250	2	p	p	X
arjefm-1194	250	3	a	a	DET
arjefm-1194	250	4	g	g	NOUN
arjefm-1194	250	5	e	e	NOUN
arjefm-1194	250	6	of	of	ADP
arjefm-1194	250	7	predictors	predictor	NOUN
arjefm-1194	250	8	,	,	PUNCT
arjefm-1194	250	9	the	the	DET
arjefm-1194	250	10	model	model	NOUN
arjefm-1194	250	11	’s	’s	PART
arjefm-1194	250	12	explanatory	explanatory	ADJ
arjefm-1194	250	13	power	power	NOUN
arjefm-1194	250	14	drops	drop	VERB
arjefm-1194	250	15	to	to	ADP
arjefm-1194	250	16	about	about	ADP
arjefm-1194	250	17	6.7	6.7	NUM
arjefm-1194	250	18	%	%	NOUN
arjefm-1194	250	19	.	.	PUNCT
arjefm-1194	251	1	the	the	DET
arjefm-1194	251	2	r	r	NOUN
arjefm-1194	251	3	-	-	PUNCT
arjefm-1194	251	4	squared	square	VERB
arjefm-1194	251	5	value	value	NOUN
arjefm-1194	251	6	of	of	ADP
arjefm-1194	251	7	0.197117	0.197117	NUM
arjefm-1194	251	8	indicates	indicate	VERB
arjefm-1194	251	9	a	a	DET
arjefm-1194	251	10	slight	slight	ADJ
arjefm-1194	251	11	improvement	improvement	NOUN
arjefm-1194	251	12	in	in	ADP
arjefm-1194	251	13	model	model	NOUN
arjefm-1194	251	14	fit	fit	ADJ
arjefm-1194	251	15	when	when	SCONJ
arjefm-1194	251	16	robust	robust	ADJ
arjefm-1194	251	17	methods	method	NOUN
arjefm-1194	251	18	are	be	AUX
arjefm-1194	251	19	applied	apply	VERB
arjefm-1194	251	20	,	,	PUNCT
arjefm-1194	251	21	but	but	CCONJ
arjefm-1194	251	22	the	the	DET
arjefm-1194	251	23	overall	overall	ADJ
arjefm-1194	251	24	fit	fit	NOUN
arjefm-1194	251	25	remains	remain	VERB
arjefm-1194	251	26	modest	modest	ADJ
arjefm-1194	251	27	.	.	PUNCT
arjefm-1194	252	1	the	the	DET
arjefm-1194	252	2	constant	constant	ADJ
arjefm-1194	252	3	term	term	NOUN
arjefm-1194	252	4	is	be	AUX
arjefm-1194	252	5	57.08170	57.08170	NUM
arjefm-1194	252	6	,	,	PUNCT
arjefm-1194	252	7	with	with	ADP
arjefm-1194	252	8	a	a	DET
arjefm-1194	252	9	very	very	ADV
arjefm-1194	252	10	small	small	ADJ
arjefm-1194	252	11	standard	standard	ADJ
arjefm-1194	252	12	error	error	NOUN
arjefm-1194	252	13	of	of	ADP
arjefm-1194	252	14	0.366898	0.366898	PROPN
arjefm-1194	252	15	and	and	CCONJ
arjefm-1194	252	16	an	an	DET
arjefm-1194	252	17	extremely	extremely	ADV
arjefm-1194	252	18	high	high	ADJ
arjefm-1194	252	19	z	z	NOUN
arjefm-1194	252	20	-	-	NOUN
arjefm-1194	252	21	statistic	statistic	NOUN
arjefm-1194	252	22	of	of	ADP
arjefm-1194	252	23	155.5792	155.5792	NUM
arjefm-1194	252	24	(	(	PUNCT
arjefm-1194	252	25	p	p	NOUN
arjefm-1194	252	26	-	-	PUNCT
arjefm-1194	252	27	value	value	NOUN
arjefm-1194	252	28	=	=	NOUN
arjefm-1194	252	29	0.0000	0.0000	NUM
arjefm-1194	252	30	)	)	PUNCT
arjefm-1194	252	31	.	.	PUNCT
arjefm-1194	253	1	this	this	PRON
arjefm-1194	253	2	indicates	indicate	VERB
arjefm-1194	253	3	that	that	SCONJ
arjefm-1194	253	4	when	when	SCONJ
arjefm-1194	253	5	tvf	tvf	PROPN
arjefm-1194	253	6	is	be	AUX
arjefm-1194	253	7	zero	zero	NUM
arjefm-1194	253	8	,	,	PUNCT
arjefm-1194	253	9	the	the	DET
arjefm-1194	253	10	employment	employment	NOUN
arjefm-1194	253	11	rate	rate	NOUN
arjefm-1194	253	12	is	be	AUX
arjefm-1194	253	13	expected	expect	VERB
arjefm-1194	253	14	to	to	PART
arjefm-1194	253	15	be	be	AUX
arjefm-1194	253	16	around	around	ADP
arjefm-1194	253	17	57.08	57.08	NUM
arjefm-1194	253	18	%	%	NOUN
arjefm-1194	253	19	.	.	PUNCT
arjefm-1194	254	1	the	the	DET
arjefm-1194	254	2	coefficient	coefficient	NOUN
arjefm-1194	254	3	for	for	ADP
arjefm-1194	254	4	tvf	tvf	PROPN
arjefm-1194	254	5	is	be	AUX
arjefm-1194	254	6	-0.001062	-0.001062	PRON
arjefm-1194	254	7	,	,	PUNCT
arjefm-1194	254	8	indicating	indicate	VERB
arjefm-1194	254	9	a	a	DET
arjefm-1194	254	10	small	small	ADJ
arjefm-1194	254	11	negative	negative	ADJ
arjefm-1194	254	12	effect	effect	NOUN
arjefm-1194	254	13	of	of	ADP
arjefm-1194	254	14	venture	venture	NOUN
arjefm-1194	254	15	financing	financing	NOUN
arjefm-1194	254	16	on	on	ADP
arjefm-1194	254	17	the	the	DET
arjefm-1194	254	18	employment	employment	NOUN
arjefm-1194	254	19	rate	rate	NOUN
arjefm-1194	254	20	.	.	PUNCT
arjefm-1194	255	1	however	however	ADV
arjefm-1194	255	2	,	,	PUNCT
arjefm-1194	255	3	the	the	DET
arjefm-1194	255	4	z	z	NOUN
arjefm-1194	255	5	-	-	PUNCT
arjefm-1194	255	6	statistic	statistic	NOUN
arjefm-1194	255	7	of	of	ADP
arjefm-1194	255	8	-1.299791	-1.299791	NOUN
arjefm-1194	255	9	and	and	CCONJ
arjefm-1194	255	10	p	p	NOUN
arjefm-1194	255	11	-	-	PUNCT
arjefm-1194	255	12	value	value	NOUN
arjefm-1194	255	13	of	of	ADP
arjefm-1194	255	14	0.1937	0.1937	NUM
arjefm-1194	255	15	indicate	indicate	VERB
arjefm-1194	255	16	that	that	SCONJ
arjefm-1194	255	17	this	this	DET
arjefm-1194	255	18	relationship	relationship	NOUN
arjefm-1194	255	19	is	be	AUX
arjefm-1194	255	20	not	not	PART
arjefm-1194	255	21	statistically	statistically	ADV
arjefm-1194	255	22	significant	significant	ADJ
arjefm-1194	255	23	.	.	PUNCT
arjefm-1194	256	1	this	this	PRON
arjefm-1194	256	2	suggests	suggest	VERB
arjefm-1194	256	3	that	that	SCONJ
arjefm-1194	256	4	venture	venture	NOUN
arjefm-1194	256	5	financing	financing	NOUN
arjefm-1194	256	6	does	do	AUX
arjefm-1194	256	7	not	not	PART
arjefm-1194	256	8	have	have	VERB
arjefm-1194	256	9	a	a	DET
arjefm-1194	256	10	meaningful	meaningful	ADJ
arjefm-1194	256	11	direct	direct	ADJ
arjefm-1194	256	12	impact	impact	NOUN
arjefm-1194	256	13	on	on	ADP
arjefm-1194	256	14	the	the	DET
arjefm-1194	256	15	employment	employment	NOUN
arjefm-1194	256	16	rate	rate	NOUN
arjefm-1194	256	17	in	in	ADP
arjefm-1194	256	18	this	this	DET
arjefm-1194	256	19	model	model	NOUN
arjefm-1194	256	20	,	,	PUNCT
arjefm-1194	256	21	as	as	SCONJ
arjefm-1194	256	22	the	the	DET
arjefm-1194	256	23	negative	negative	ADJ
arjefm-1194	256	24	coefficient	coefficient	NOUN
arjefm-1194	256	25	is	be	AUX
arjefm-1194	256	26	not	not	PART
arjefm-1194	256	27	strong	strong	ADJ
arjefm-1194	256	28	enough	enough	ADV
arjefm-1194	256	29	to	to	PART
arjefm-1194	256	30	infer	infer	VERB
arjefm-1194	256	31	a	a	DET
arjefm-1194	256	32	clear	clear	ADJ
arjefm-1194	256	33	effect	effect	NOUN
arjefm-1194	256	34	.	.	PUNCT
arjefm-1194	257	1	decision	decision	NOUN
arjefm-1194	257	2	rule	rule	NOUN
arjefm-1194	257	3	:	:	PUNCT
arjefm-1194	257	4	the	the	DET
arjefm-1194	257	5	model	model	NOUN
arjefm-1194	257	6	results	result	NOUN
arjefm-1194	257	7	provide	provide	VERB
arjefm-1194	257	8	insights	insight	NOUN
arjefm-1194	257	9	into	into	ADP
arjefm-1194	257	10	the	the	DET
arjefm-1194	257	11	relationship	relationship	NOUN
arjefm-1194	257	12	between	between	ADP
arjefm-1194	257	13	total	total	ADJ
arjefm-1194	257	14	venture	venture	NOUN
arjefm-1194	257	15	financing	financing	NOUN
arjefm-1194	257	16	(	(	PUNCT
arjefm-1194	257	17	tvf	tvf	NOUN
arjefm-1194	257	18	)	)	PUNCT
arjefm-1194	257	19	and	and	CCONJ
arjefm-1194	257	20	empr	empr	NOUN
arjefm-1194	257	21	.	.	PUNCT
arjefm-1194	258	1	since	since	SCONJ
arjefm-1194	258	2	the	the	DET
arjefm-1194	258	3	p	p	NOUN
arjefm-1194	258	4	-	-	PUNCT
arjefm-1194	258	5	value	value	NOUN
arjefm-1194	258	6	is	be	AUX
arjefm-1194	258	7	greater	great	ADJ
arjefm-1194	258	8	than	than	ADP
arjefm-1194	258	9	.05	.05	NUM
arjefm-1194	258	10	;	;	PUNCT
arjefm-1194	258	11	we	we	PRON
arjefm-1194	258	12	reject	reject	VERB
arjefm-1194	258	13	the	the	DET
arjefm-1194	258	14	alternate	alternate	NOUN
arjefm-1194	258	15	and	and	CCONJ
arjefm-1194	258	16	accept	accept	VERB
arjefm-1194	258	17	the	the	DET
arjefm-1194	258	18	null	null	NOUN
arjefm-1194	258	19	;	;	PUNCT
arjefm-1194	258	20	thus	thus	ADV
arjefm-1194	258	21	,	,	PUNCT
arjefm-1194	258	22	“	"	PUNCT
arjefm-1194	258	23	there	there	PRON
arjefm-1194	258	24	is	be	VERB
arjefm-1194	258	25	no	no	DET
arjefm-1194	258	26	significant	significant	ADJ
arjefm-1194	258	27	relationship	relationship	NOUN
arjefm-1194	258	28	between	between	ADP
arjefm-1194	258	29	venture	venture	NOUN
arjefm-1194	258	30	capital	capital	NOUN
arjefm-1194	258	31	financing	financing	NOUN
arjefm-1194	258	32	and	and	CCONJ
arjefm-1194	258	33	sme	sme	NOUN
arjefm-1194	258	34	performance	performance	NOUN
arjefm-1194	258	35	in	in	ADP
arjefm-1194	258	36	terms	term	NOUN
arjefm-1194	258	37	of	of	ADP
arjefm-1194	258	38	job	job	NOUN
arjefm-1194	258	39	creation	creation	NOUN
arjefm-1194	258	40	”	"	PUNCT
arjefm-1194	258	41	.	.	PUNCT
arjefm-1194	259	1	test	test	NOUN
arjefm-1194	259	2	of	of	ADP
arjefm-1194	259	3	hypothesis	hypothesis	NOUN
arjefm-1194	259	4	three	three	NUM
arjefm-1194	259	5	h0	h0	NOUN
arjefm-1194	259	6	:	:	PUNCT
arjefm-1194	259	7	there	there	PRON
arjefm-1194	259	8	is	be	VERB
arjefm-1194	259	9	no	no	DET
arjefm-1194	259	10	significant	significant	ADJ
arjefm-1194	259	11	effect	effect	NOUN
arjefm-1194	259	12	of	of	ADP
arjefm-1194	259	13	venture	venture	NOUN
arjefm-1194	259	14	capital	capital	NOUN
arjefm-1194	259	15	financing	financing	NOUN
arjefm-1194	259	16	on	on	ADP
arjefm-1194	259	17	the	the	DET
arjefm-1194	259	18	number	number	NOUN
arjefm-1194	259	19	of	of	ADP
arjefm-1194	259	20	smes	sme	NOUN
arjefm-1194	259	21	in	in	ADP
arjefm-1194	259	22	nigeria	nigeria	PROPN
arjefm-1194	259	23	.	.	PUNCT
arjefm-1194	260	1	h1	h1	PROPN
arjefm-1194	260	2	:	:	PUNCT
arjefm-1194	260	3	there	there	PRON
arjefm-1194	260	4	is	be	VERB
arjefm-1194	260	5	a	a	DET
arjefm-1194	260	6	significant	significant	ADJ
arjefm-1194	260	7	effect	effect	NOUN
arjefm-1194	260	8	of	of	ADP
arjefm-1194	260	9	venture	venture	NOUN
arjefm-1194	260	10	capital	capital	NOUN
arjefm-1194	260	11	financing	financing	NOUN
arjefm-1194	260	12	on	on	ADP
arjefm-1194	260	13	the	the	DET
arjefm-1194	260	14	number	number	NOUN
arjefm-1194	260	15	of	of	ADP
arjefm-1194	260	16	smes	sme	NOUN
arjefm-1194	260	17	in	in	ADP
arjefm-1194	260	18	nigeria	nigeria	PROPN
arjefm-1194	260	19	.	.	PUNCT
arjefm-1194	261	1	the	the	DET
arjefm-1194	261	2	robust	robust	ADJ
arjefm-1194	261	3	regression	regression	NOUN
arjefm-1194	261	4	output	output	NOUN
arjefm-1194	261	5	for	for	ADP
arjefm-1194	261	6	the	the	DET
arjefm-1194	261	7	test	test	NOUN
arjefm-1194	261	8	of	of	ADP
arjefm-1194	261	9	hypothesis	hypothesis	NOUN
arjefm-1194	261	10	three	three	NUM
arjefm-1194	261	11	is	be	AUX
arjefm-1194	261	12	shown	show	VERB
arjefm-1194	261	13	below	below	ADP
arjefm-1194	261	14	as	as	SCONJ
arjefm-1194	261	15	follows	follow	VERB
arjefm-1194	261	16	:	:	PUNCT
arjefm-1194	261	17	table	table	NOUN
arjefm-1194	261	18	6	6	NUM
arjefm-1194	261	19	:	:	PUNCT
arjefm-1194	261	20	regression	regression	NOUN
arjefm-1194	261	21	output	output	NOUN
arjefm-1194	261	22	for	for	ADP
arjefm-1194	261	23	the	the	DET
arjefm-1194	261	24	test	test	NOUN
arjefm-1194	261	25	of	of	ADP
arjefm-1194	261	26	hypothesis	hypothesis	NOUN
arjefm-1194	261	27	three	three	NUM
arjefm-1194	261	28	dependent	dependent	ADJ
arjefm-1194	261	29	variable	variable	NOUN
arjefm-1194	261	30	:	:	PUNCT
arjefm-1194	261	31	nsme	nsme	ADJ
arjefm-1194	261	32	method	method	NOUN
arjefm-1194	261	33	:	:	PUNCT
arjefm-1194	261	34	ml	ml	PART
arjefm-1194	261	35	arch	arch	VERB
arjefm-1194	261	36	(	(	PUNCT
arjefm-1194	261	37	bfgs	bfgs	PROPN
arjefm-1194	261	38	/	/	SYM
arjefm-1194	261	39	marquardt	marquardt	PROPN
arjefm-1194	261	40	steps	step	NOUN
arjefm-1194	261	41	)	)	PUNCT
arjefm-1194	261	42	date	date	NOUN
arjefm-1194	261	43	:	:	PUNCT
arjefm-1194	261	44	10/04/24	10/04/24	NUM
arjefm-1194	261	45	time	time	NOUN
arjefm-1194	261	46	:	:	PUNCT
arjefm-1194	261	47	21:43	21:43	NUM
arjefm-1194	261	48	sample	sample	NOUN
arjefm-1194	261	49	(	(	PUNCT
arjefm-1194	261	50	adjusted	adjust	VERB
arjefm-1194	261	51	):	):	PUNCT
arjefm-1194	261	52	2013	2013	NUM
arjefm-1194	261	53	2023	2023	NUM
arjefm-1194	261	54	included	include	VERB
arjefm-1194	261	55	observations	observation	NOUN
arjefm-1194	261	56	:	:	PUNCT
arjefm-1194	261	57	11	11	NUM
arjefm-1194	261	58	after	after	SCONJ
arjefm-1194	261	59	adjustments	adjustment	NOUN
arjefm-1194	261	60	method	method	VERB
arjefm-1194	261	61	:	:	PUNCT
arjefm-1194	261	62	m	m	NOUN
arjefm-1194	261	63	-	-	PUNCT
arjefm-1194	261	64	estimation	estimation	NOUN
arjefm-1194	261	65	m	m	NOUN
arjefm-1194	261	66	settings	setting	NOUN
arjefm-1194	261	67	:	:	PUNCT
arjefm-1194	261	68	weight	weight	NOUN
arjefm-1194	261	69	=	=	NOUN
arjefm-1194	261	70	bisquare	bisquare	NOUN
arjefm-1194	261	71	,	,	PUNCT
arjefm-1194	261	72	tuning=4.685	tuning=4.685	NUM
arjefm-1194	261	73	,	,	PUNCT
arjefm-1194	261	74	scale	scale	NOUN
arjefm-1194	261	75	=	=	SYM
arjefm-1194	261	76	mad	mad	ADJ
arjefm-1194	261	77	(	(	PUNCT
arjefm-1194	261	78	median	median	NOUN
arjefm-1194	261	79	centered	center	VERB
arjefm-1194	261	80	)	)	PUNCT
arjefm-1194	261	81	huber	huber	NOUN
arjefm-1194	261	82	type	type	NOUN
arjefm-1194	261	83	i	i	PRON
arjefm-1194	261	84	standard	standard	ADJ
arjefm-1194	261	85	errors	error	NOUN
arjefm-1194	261	86	&	&	CCONJ
arjefm-1194	261	87	covariance	covariance	PROPN
arjefm-1194	261	88	variable	variable	ADJ
arjefm-1194	261	89	coefficient	coefficient	NOUN
arjefm-1194	261	90	std	std	PROPN
arjefm-1194	261	91	.	.	PUNCT
arjefm-1194	262	1	error	error	NOUN
arjefm-1194	262	2	z	z	NOUN
arjefm-1194	262	3	-	-	PUNCT
arjefm-1194	262	4	statistic	statistic	ADJ
arjefm-1194	262	5	prob	prob	NOUN
arjefm-1194	262	6	.	.	PUNCT
arjefm-1194	263	1	c	c	PROPN
arjefm-1194	263	2	73557.91	73557.91	NUM
arjefm-1194	264	1	5183.673	5183.673	NUM
arjefm-1194	264	2	14.19031	14.19031	NUM
arjefm-1194	264	3	0.0000	0.0000	NUM
arjefm-1194	264	4	tvf	tvf	PROPN
arjefm-1194	264	5	70.70524	70.70524	NUM
arjefm-1194	264	6	10.62025	10.62025	NUM
arjefm-1194	264	7	6.657585	6.657585	NUM
arjefm-1194	264	8	0.0000	0.0000	NUM
arjefm-1194	264	9	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	PROPN
arjefm-1194	264	10	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1194	264	11	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1194	265	1	american	american	PROPN
arjefm-1194	265	2	research	research	PROPN
arjefm-1194	265	3	journal	journal	PROPN
arjefm-1194	265	4	of	of	ADP
arjefm-1194	265	5	economics	economic	NOUN
arjefm-1194	265	6	,	,	PUNCT
arjefm-1194	265	7	finance	finance	NOUN
arjefm-1194	265	8	and	and	CCONJ
arjefm-1194	265	9	management	management	NOUN
arjefm-1194	265	10	volume	volume	NOUN
arjefm-1194	265	11	13	13	NUM
arjefm-1194	265	12	issue	issue	NOUN
arjefm-1194	265	13	1	1	NUM
arjefm-1194	265	14	,	,	PUNCT
arjefm-1194	265	15	january	january	PROPN
arjefm-1194	265	16	-march	-march	PROPN
arjefm-1194	265	17	2025	2025	NUM
arjefm-1194	265	18	issn	issn	NOUN
arjefm-1194	265	19	:	:	PUNCT
arjefm-1194	265	20	2836	2836	NUM
arjefm-1194	265	21	-	-	SYM
arjefm-1194	265	22	9416	9416	NUM
arjefm-1194	265	23	impact	impact	NOUN
arjefm-1194	265	24	factor	factor	NOUN
arjefm-1194	265	25	:	:	PUNCT
arjefm-1194	265	26	6.41	6.41	NUM
arjefm-1194	265	27	journal	journal	NOUN
arjefm-1194	265	28	homepage	homepage	NOUN
arjefm-1194	265	29	:	:	PUNCT
arjefm-1194	265	30	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1194	265	31	,	,	PUNCT
arjefm-1194	265	32	email	email	NOUN
arjefm-1194	265	33	:	:	PUNCT
arjefm-1194	266	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1194	266	2	official	official	ADJ
arjefm-1194	266	3	journal	journal	PROPN
arjefm-1194	266	4	of	of	ADP
arjefm-1194	266	5	america	america	PROPN
arjefm-1194	266	6	serial	serial	PROPN
arjefm-1194	266	7	publication	publication	NOUN
arjefm-1194	266	8	american	american	PROPN
arjefm-1194	266	9	research	research	PROPN
arjefm-1194	266	10	journal	journal	PROPN
arjefm-1194	266	11	of	of	ADP
arjefm-1194	266	12	economics	economic	NOUN
arjefm-1194	266	13	,	,	PUNCT
arjefm-1194	266	14	finance	finance	NOUN
arjefm-1194	266	15	and	and	CCONJ
arjefm-1194	266	16	management	management	NOUN
arjefm-1194	266	17	https://americaserial.com/journals/index.php/	https://americaserial.com/journals/index.php/	PROPN
arjefm-1194	266	18	arjefm	arjefm	PROPN
arjefm-1194	266	19	,	,	PUNCT
arjefm-1194	266	20	email	email	NOUN
arjefm-1194	266	21	:	:	PUNCT
arjefm-1194	266	22	contact@americaserial.com	contact@americaserial.com	X
arjefm-1194	267	1	227	227	NUM
arjefm-1194	268	1	|	|	ADV
arjefm-1194	268	2	p	p	X
arjefm-1194	268	3	a	a	DET
arjefm-1194	268	4	g	g	NOUN
arjefm-1194	268	5	e	e	ADP
arjefm-1194	268	6	robust	robust	ADJ
arjefm-1194	268	7	statistics	statistic	NOUN
arjefm-1194	268	8	r	r	NOUN
arjefm-1194	268	9	-	-	PUNCT
arjefm-1194	268	10	squared	square	VERB
arjefm-1194	268	11	0.405339	0.405339	NUM
arjefm-1194	268	12	adjusted	adjust	VERB
arjefm-1194	268	13	r	r	NOUN
arjefm-1194	268	14	-	-	PUNCT
arjefm-1194	268	15	squared	square	VERB
arjefm-1194	268	16	0.339266	0.339266	NUM
arjefm-1194	268	17	rw	rw	NOUN
arjefm-1194	268	18	-	-	PUNCT
arjefm-1194	268	19	squared	square	VERB
arjefm-1194	268	20	0.920088	0.920088	NUM
arjefm-1194	268	21	adjust	adjust	VERB
arjefm-1194	268	22	rw	rw	NOUN
arjefm-1194	268	23	-	-	PUNCT
arjefm-1194	268	24	squared	square	VERB
arjefm-1194	268	25	0.920088	0.920088	NUM
arjefm-1194	268	26	akaike	akaike	ADJ
arjefm-1194	268	27	info	info	NOUN
arjefm-1194	268	28	criterion	criterion	NOUN
arjefm-1194	268	29	27.84287	27.84287	NUM
arjefm-1194	268	30	schwarz	schwarz	NOUN
arjefm-1194	268	31	criterion	criterion	NOUN
arjefm-1194	268	32	27.20228	27.20228	NUM
arjefm-1194	268	33	deviance	deviance	NOUN
arjefm-1194	268	34	7.87e+08	7.87e+08	NUM
arjefm-1194	268	35	scale	scale	NOUN
arjefm-1194	268	36	5928.051	5928.051	NUM
arjefm-1194	268	37	rn	rn	ADJ
arjefm-1194	268	38	-	-	ADJ
arjefm-1194	268	39	squared	square	VERB
arjefm-1194	268	40	statistic	statistic	NOUN
arjefm-1194	268	41	44.32344	44.32344	NUM
arjefm-1194	268	42	prob(rn	prob(rn	PROPN
arjefm-1194	268	43	-	-	PUNCT
arjefm-1194	268	44	squared	square	VERB
arjefm-1194	268	45	stat	stat	NOUN
arjefm-1194	268	46	.	.	PUNCT
arjefm-1194	268	47	)	)	PUNCT
arjefm-1194	269	1	0.000000	0.000000	NUM
arjefm-1194	269	2	non	non	ADJ
arjefm-1194	269	3	-	-	ADJ
arjefm-1194	269	4	robust	robust	ADJ
arjefm-1194	269	5	statistics	statistic	NOUN
arjefm-1194	269	6	mean	mean	VERB
arjefm-1194	269	7	dependent	dependent	ADJ
arjefm-1194	269	8	var	var	NOUN
arjefm-1194	269	9	93596.64	93596.64	NUM
arjefm-1194	269	10	s.d	s.d	PROPN
arjefm-1194	269	11	.	.	PUNCT
arjefm-1194	270	1	dependent	dependent	ADJ
arjefm-1194	270	2	var	var	NOUN
arjefm-1194	270	3	24904.86	24904.86	NUM
arjefm-1194	270	4	s.e	s.e	PROPN
arjefm-1194	270	5	.	.	PROPN
arjefm-1194	270	6	of	of	ADP
arjefm-1194	270	7	regression	regression	NOUN
arjefm-1194	270	8	21646.35	21646.35	NUM
arjefm-1194	270	9	sum	sum	NOUN
arjefm-1194	270	10	squared	square	VERB
arjefm-1194	270	11	resid	resid	NOUN
arjefm-1194	271	1	4.22e+09	4.22e+09	NUM
arjefm-1194	271	2	source	source	NOUN
arjefm-1194	271	3	:	:	PUNCT
arjefm-1194	271	4	e	e	NOUN
arjefm-1194	271	5	-	-	NOUN
arjefm-1194	271	6	views	views	VERB
arjefm-1194	271	7	11	11	NUM
arjefm-1194	271	8	the	the	DET
arjefm-1194	271	9	model	model	NOUN
arjefm-1194	271	10	addresses	address	VERB
arjefm-1194	271	11	heteroskedasticity	heteroskedasticity	NOUN
arjefm-1194	271	12	concerns	concern	NOUN
arjefm-1194	271	13	and	and	CCONJ
arjefm-1194	271	14	provides	provide	VERB
arjefm-1194	271	15	both	both	CCONJ
arjefm-1194	271	16	robust	robust	ADJ
arjefm-1194	271	17	and	and	CCONJ
arjefm-1194	271	18	non	non	ADJ
arjefm-1194	271	19	-	-	ADJ
arjefm-1194	271	20	robust	robust	ADJ
arjefm-1194	271	21	statistics	statistic	NOUN
arjefm-1194	271	22	to	to	PART
arjefm-1194	271	23	evaluate	evaluate	VERB
arjefm-1194	271	24	the	the	DET
arjefm-1194	271	25	strength	strength	NOUN
arjefm-1194	271	26	and	and	CCONJ
arjefm-1194	271	27	significance	significance	NOUN
arjefm-1194	271	28	of	of	ADP
arjefm-1194	271	29	the	the	DET
arjefm-1194	271	30	variables	variable	NOUN
arjefm-1194	271	31	.	.	PUNCT
arjefm-1194	272	1	the	the	DET
arjefm-1194	272	2	r	r	NOUN
arjefm-1194	272	3	-	-	PUNCT
arjefm-1194	272	4	squared	square	VERB
arjefm-1194	272	5	value	value	NOUN
arjefm-1194	272	6	of	of	ADP
arjefm-1194	272	7	0.405339	0.405339	NUM
arjefm-1194	272	8	means	mean	VERB
arjefm-1194	272	9	that	that	SCONJ
arjefm-1194	272	10	the	the	DET
arjefm-1194	272	11	model	model	NOUN
arjefm-1194	272	12	explains	explain	VERB
arjefm-1194	272	13	about	about	ADP
arjefm-1194	272	14	40.5	40.5	NUM
arjefm-1194	272	15	%	%	NOUN
arjefm-1194	272	16	of	of	ADP
arjefm-1194	272	17	the	the	DET
arjefm-1194	272	18	variation	variation	NOUN
arjefm-1194	272	19	in	in	ADP
arjefm-1194	272	20	the	the	DET
arjefm-1194	272	21	number	number	NOUN
arjefm-1194	272	22	of	of	ADP
arjefm-1194	272	23	smes	sme	NOUN
arjefm-1194	272	24	.	.	PUNCT
arjefm-1194	273	1	the	the	DET
arjefm-1194	273	2	adjusted	adjusted	ADJ
arjefm-1194	273	3	r	r	NOUN
arjefm-1194	273	4	-	-	PUNCT
arjefm-1194	273	5	squared	square	VERB
arjefm-1194	273	6	value	value	NOUN
arjefm-1194	273	7	of	of	ADP
arjefm-1194	273	8	0.339266	0.339266	NUM
arjefm-1194	273	9	shows	show	VERB
arjefm-1194	273	10	that	that	SCONJ
arjefm-1194	273	11	after	after	ADP
arjefm-1194	273	12	accounting	account	VERB
arjefm-1194	273	13	for	for	ADP
arjefm-1194	273	14	the	the	DET
arjefm-1194	273	15	number	number	NOUN
arjefm-1194	273	16	of	of	ADP
arjefm-1194	273	17	predictors	predictor	NOUN
arjefm-1194	273	18	,	,	PUNCT
arjefm-1194	273	19	i.e.	i.e.	X
arjefm-1194	273	20	,	,	PUNCT
arjefm-1194	273	21	33.9	33.9	NUM
arjefm-1194	273	22	%	%	NOUN
arjefm-1194	273	23	.	.	PUNCT
arjefm-1194	274	1	the	the	DET
arjefm-1194	274	2	r	r	NOUN
arjefm-1194	274	3	-	-	PUNCT
arjefm-1194	274	4	squared	square	VERB
arjefm-1194	274	5	value	value	NOUN
arjefm-1194	274	6	of	of	ADP
arjefm-1194	274	7	0.920088	0.920088	NUM
arjefm-1194	274	8	demonstrates	demonstrate	VERB
arjefm-1194	274	9	a	a	DET
arjefm-1194	274	10	very	very	ADV
arjefm-1194	274	11	strong	strong	ADJ
arjefm-1194	274	12	fit	fit	ADJ
arjefm-1194	274	13	when	when	SCONJ
arjefm-1194	274	14	robustness	robustness	NOUN
arjefm-1194	274	15	adjustments	adjustment	NOUN
arjefm-1194	274	16	are	be	AUX
arjefm-1194	274	17	applied	apply	VERB
arjefm-1194	274	18	.	.	PUNCT
arjefm-1194	275	1	the	the	DET
arjefm-1194	275	2	model	model	NOUN
arjefm-1194	275	3	appears	appear	VERB
arjefm-1194	275	4	to	to	PART
arjefm-1194	275	5	explain	explain	VERB
arjefm-1194	275	6	92	92	NUM
arjefm-1194	275	7	%	%	NOUN
arjefm-1194	275	8	of	of	ADP
arjefm-1194	275	9	the	the	DET
arjefm-1194	275	10	variability	variability	NOUN
arjefm-1194	275	11	in	in	ADP
arjefm-1194	275	12	the	the	DET
arjefm-1194	275	13	number	number	NOUN
arjefm-1194	275	14	of	of	ADP
arjefm-1194	275	15	smes	sme	NOUN
arjefm-1194	275	16	.	.	PUNCT
arjefm-1194	276	1	the	the	DET
arjefm-1194	276	2	constant	constant	ADJ
arjefm-1194	276	3	term	term	NOUN
arjefm-1194	276	4	is	be	AUX
arjefm-1194	276	5	73,557.91	73,557.91	NOUN
arjefm-1194	276	6	,	,	PUNCT
arjefm-1194	276	7	with	with	ADP
arjefm-1194	276	8	a	a	DET
arjefm-1194	276	9	standard	standard	ADJ
arjefm-1194	276	10	error	error	NOUN
arjefm-1194	276	11	of	of	ADP
arjefm-1194	276	12	5,183.673	5,183.673	NUM
arjefm-1194	276	13	and	and	CCONJ
arjefm-1194	276	14	a	a	DET
arjefm-1194	276	15	z	z	NOUN
arjefm-1194	276	16	-	-	PUNCT
arjefm-1194	276	17	statistic	statistic	NOUN
arjefm-1194	276	18	of	of	ADP
arjefm-1194	276	19	14.19031	14.19031	NUM
arjefm-1194	276	20	(	(	PUNCT
arjefm-1194	276	21	p	p	NOUN
arjefm-1194	276	22	-	-	PUNCT
arjefm-1194	276	23	value	value	NOUN
arjefm-1194	276	24	=	=	NOUN
arjefm-1194	276	25	0.0000	0.0000	NUM
arjefm-1194	276	26	)	)	PUNCT
arjefm-1194	276	27	,	,	PUNCT
arjefm-1194	276	28	which	which	PRON
arjefm-1194	276	29	is	be	AUX
arjefm-1194	276	30	highly	highly	ADV
arjefm-1194	276	31	significant	significant	ADJ
arjefm-1194	276	32	.	.	PUNCT
arjefm-1194	277	1	this	this	PRON
arjefm-1194	277	2	implies	imply	VERB
arjefm-1194	277	3	that	that	SCONJ
arjefm-1194	277	4	when	when	SCONJ
arjefm-1194	277	5	tvf	tvf	PROPN
arjefm-1194	277	6	is	be	AUX
arjefm-1194	277	7	zero	zero	NUM
arjefm-1194	277	8	,	,	PUNCT
arjefm-1194	277	9	the	the	DET
arjefm-1194	277	10	number	number	NOUN
arjefm-1194	277	11	of	of	ADP
arjefm-1194	277	12	smes	sme	NOUN
arjefm-1194	277	13	is	be	AUX
arjefm-1194	277	14	expected	expect	VERB
arjefm-1194	277	15	to	to	PART
arjefm-1194	277	16	be	be	AUX
arjefm-1194	277	17	around	around	ADP
arjefm-1194	277	18	73,558	73,558	NUM
arjefm-1194	277	19	.	.	PUNCT
arjefm-1194	278	1	the	the	DET
arjefm-1194	278	2	significance	significance	NOUN
arjefm-1194	278	3	of	of	ADP
arjefm-1194	278	4	this	this	DET
arjefm-1194	278	5	constant	constant	ADJ
arjefm-1194	278	6	shows	show	NOUN
arjefm-1194	278	7	that	that	SCONJ
arjefm-1194	278	8	,	,	PUNCT
arjefm-1194	278	9	independent	independent	ADJ
arjefm-1194	278	10	of	of	ADP
arjefm-1194	278	11	venture	venture	NOUN
arjefm-1194	278	12	financing	financing	NOUN
arjefm-1194	278	13	,	,	PUNCT
arjefm-1194	278	14	there	there	PRON
arjefm-1194	278	15	is	be	VERB
arjefm-1194	278	16	a	a	DET
arjefm-1194	278	17	baseline	baseline	ADJ
arjefm-1194	278	18	number	number	NOUN
arjefm-1194	278	19	of	of	ADP
arjefm-1194	278	20	smes	sme	NOUN
arjefm-1194	278	21	.	.	PUNCT
arjefm-1194	279	1	the	the	DET
arjefm-1194	279	2	coefficient	coefficient	NOUN
arjefm-1194	279	3	for	for	ADP
arjefm-1194	279	4	tvf	tvf	PROPN
arjefm-1194	279	5	is	be	AUX
arjefm-1194	279	6	70.70524	70.70524	NUM
arjefm-1194	279	7	,	,	PUNCT
arjefm-1194	279	8	with	with	ADP
arjefm-1194	279	9	a	a	DET
arjefm-1194	279	10	small	small	ADJ
arjefm-1194	279	11	standard	standard	ADJ
arjefm-1194	279	12	error	error	NOUN
arjefm-1194	279	13	of	of	ADP
arjefm-1194	279	14	10.62025	10.62025	NUM
arjefm-1194	279	15	and	and	CCONJ
arjefm-1194	279	16	a	a	DET
arjefm-1194	279	17	very	very	ADV
arjefm-1194	279	18	high	high	ADJ
arjefm-1194	279	19	z	z	NOUN
arjefm-1194	279	20	-	-	NOUN
arjefm-1194	279	21	statistic	statistic	NOUN
arjefm-1194	279	22	of	of	ADP
arjefm-1194	279	23	6.657585	6.657585	NUM
arjefm-1194	279	24	(	(	PUNCT
arjefm-1194	279	25	p	p	NOUN
arjefm-1194	279	26	-	-	PUNCT
arjefm-1194	279	27	value	value	NOUN
arjefm-1194	279	28	=	=	NOUN
arjefm-1194	279	29	0.0000	0.0000	NUM
arjefm-1194	279	30	)	)	PUNCT
arjefm-1194	279	31	.	.	PUNCT
arjefm-1194	280	1	this	this	PRON
arjefm-1194	280	2	indicates	indicate	VERB
arjefm-1194	280	3	,	,	PUNCT
arjefm-1194	280	4	that	that	SCONJ
arjefm-1194	280	5	for	for	ADP
arjefm-1194	280	6	every	every	DET
arjefm-1194	280	7	$	$	SYM
arjefm-1194	280	8	1	1	NUM
arjefm-1194	280	9	million	million	NUM
arjefm-1194	280	10	increase	increase	NOUN
arjefm-1194	280	11	in	in	ADP
arjefm-1194	280	12	venture	venture	NOUN
arjefm-1194	280	13	financing	financing	NOUN
arjefm-1194	280	14	,	,	PUNCT
arjefm-1194	280	15	the	the	DET
arjefm-1194	280	16	number	number	NOUN
arjefm-1194	280	17	of	of	ADP
arjefm-1194	280	18	smes	sme	NOUN
arjefm-1194	280	19	increases	increase	NOUN
arjefm-1194	280	20	by	by	ADP
arjefm-1194	280	21	about	about	ADV
arjefm-1194	280	22	70.71	70.71	NUM
arjefm-1194	280	23	.	.	PUNCT
arjefm-1194	281	1	decision	decision	NOUN
arjefm-1194	281	2	rule	rule	NOUN
arjefm-1194	281	3	:	:	PUNCT
arjefm-1194	281	4	the	the	DET
arjefm-1194	281	5	model	model	NOUN
arjefm-1194	281	6	results	result	NOUN
arjefm-1194	281	7	provide	provide	VERB
arjefm-1194	281	8	insights	insight	NOUN
arjefm-1194	281	9	into	into	ADP
arjefm-1194	281	10	the	the	DET
arjefm-1194	281	11	relationship	relationship	NOUN
arjefm-1194	281	12	between	between	ADP
arjefm-1194	281	13	total	total	ADJ
arjefm-1194	281	14	venture	venture	NOUN
arjefm-1194	281	15	financing	financing	NOUN
arjefm-1194	281	16	(	(	PUNCT
arjefm-1194	281	17	tvf	tvf	NOUN
arjefm-1194	281	18	)	)	PUNCT
arjefm-1194	281	19	and	and	CCONJ
arjefm-1194	281	20	the	the	DET
arjefm-1194	281	21	no	no	NOUN
arjefm-1194	281	22	.	.	PUNCT
arjefm-1194	281	23	of	of	ADP
arjefm-1194	281	24	smes	sme	NOUN
arjefm-1194	281	25	.	.	PUNCT
arjefm-1194	282	1	since	since	SCONJ
arjefm-1194	282	2	the	the	DET
arjefm-1194	282	3	p	p	NOUN
arjefm-1194	282	4	-	-	PUNCT
arjefm-1194	282	5	value	value	NOUN
arjefm-1194	282	6	is	be	AUX
arjefm-1194	282	7	less	less	ADJ
arjefm-1194	282	8	than	than	ADP
arjefm-1194	282	9	.05	.05	NUM
arjefm-1194	282	10	;	;	PUNCT
arjefm-1194	282	11	we	we	PRON
arjefm-1194	282	12	reject	reject	VERB
arjefm-1194	282	13	the	the	DET
arjefm-1194	282	14	null	null	NOUN
arjefm-1194	282	15	and	and	CCONJ
arjefm-1194	282	16	accept	accept	VERB
arjefm-1194	282	17	the	the	DET
arjefm-1194	282	18	alternate	alternate	NOUN
arjefm-1194	282	19	;	;	PUNCT
arjefm-1194	282	20	thus	thus	ADV
arjefm-1194	282	21	,	,	PUNCT
arjefm-1194	282	22	“	"	PUNCT
arjefm-1194	282	23	there	there	PRON
arjefm-1194	282	24	is	be	VERB
arjefm-1194	282	25	a	a	DET
arjefm-1194	282	26	significant	significant	ADJ
arjefm-1194	282	27	effect	effect	NOUN
arjefm-1194	282	28	of	of	ADP
arjefm-1194	282	29	venture	venture	NOUN
arjefm-1194	282	30	capital	capital	NOUN
arjefm-1194	282	31	financing	financing	NOUN
arjefm-1194	282	32	on	on	ADP
arjefm-1194	282	33	the	the	DET
arjefm-1194	282	34	number	number	NOUN
arjefm-1194	282	35	of	of	ADP
arjefm-1194	282	36	smes	sme	NOUN
arjefm-1194	282	37	in	in	ADP
arjefm-1194	282	38	nigeria	nigeria	PROPN
arjefm-1194	282	39	”	"	PUNCT
arjefm-1194	282	40	.	.	PUNCT
arjefm-1194	283	1	conclusion	conclusion	NOUN
arjefm-1194	283	2	and	and	CCONJ
arjefm-1194	283	3	recommendation	recommendation	NOUN
arjefm-1194	283	4	from	from	ADP
arjefm-1194	283	5	the	the	DET
arjefm-1194	283	6	result	result	NOUN
arjefm-1194	283	7	of	of	ADP
arjefm-1194	283	8	the	the	DET
arjefm-1194	283	9	analysis	analysis	NOUN
arjefm-1194	283	10	,	,	PUNCT
arjefm-1194	283	11	the	the	PRON
arjefm-1194	283	12	was	be	AUX
arjefm-1194	283	13	revealed	reveal	VERB
arjefm-1194	283	14	that	that	SCONJ
arjefm-1194	283	15	venture	venture	NOUN
arjefm-1194	283	16	capital	capital	NOUN
arjefm-1194	283	17	financing	financing	NOUN
arjefm-1194	283	18	plays	play	VERB
arjefm-1194	283	19	a	a	DET
arjefm-1194	283	20	crucial	crucial	ADJ
arjefm-1194	283	21	role	role	NOUN
arjefm-1194	283	22	in	in	ADP
arjefm-1194	283	23	enhancing	enhance	VERB
arjefm-1194	283	24	the	the	DET
arjefm-1194	283	25	performance	performance	NOUN
arjefm-1194	283	26	of	of	ADP
arjefm-1194	283	27	small	small	ADJ
arjefm-1194	283	28	and	and	CCONJ
arjefm-1194	283	29	medium	medium	ADJ
arjefm-1194	283	30	-	-	PUNCT
arjefm-1194	283	31	sized	sized	ADJ
arjefm-1194	283	32	enterprises	enterprise	NOUN
arjefm-1194	283	33	(	(	PUNCT
arjefm-1194	283	34	smes	sme	NOUN
arjefm-1194	283	35	)	)	PUNCT
arjefm-1194	283	36	through	through	ADP
arjefm-1194	283	37	increment	increment	NOUN
arjefm-1194	283	38	in	in	ADP
arjefm-1194	283	39	profitability	profitability	NOUN
arjefm-1194	283	40	and	and	CCONJ
arjefm-1194	283	41	number	number	NOUN
arjefm-1194	283	42	of	of	ADP
arjefm-1194	283	43	sme	sme	NOUN
arjefm-1194	283	44	’s	’s	X
arjefm-1194	283	45	though	though	ADV
arjefm-1194	283	46	,	,	PUNCT
arjefm-1194	283	47	no	no	DET
arjefm-1194	283	48	significant	significant	ADJ
arjefm-1194	283	49	relationship	relationship	NOUN
arjefm-1194	283	50	exited	exit	VERB
arjefm-1194	283	51	between	between	ADP
arjefm-1194	283	52	venture	venture	NOUN
arjefm-1194	283	53	capital	capital	NOUN
arjefm-1194	283	54	financing	financing	NOUN
arjefm-1194	283	55	and	and	CCONJ
arjefm-1194	283	56	job	job	NOUN
arjefm-1194	283	57	creation	creation	NOUN
arjefm-1194	283	58	.	.	PUNCT
arjefm-1194	284	1	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	PROPN
arjefm-1194	284	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1194	284	3	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1194	285	1	american	american	PROPN
arjefm-1194	285	2	research	research	PROPN
arjefm-1194	285	3	journal	journal	PROPN
arjefm-1194	285	4	of	of	ADP
arjefm-1194	285	5	economics	economic	NOUN
arjefm-1194	285	6	,	,	PUNCT
arjefm-1194	285	7	finance	finance	NOUN
arjefm-1194	285	8	and	and	CCONJ
arjefm-1194	285	9	management	management	NOUN
arjefm-1194	285	10	volume	volume	NOUN
arjefm-1194	285	11	13	13	NUM
arjefm-1194	285	12	issue	issue	NOUN
arjefm-1194	285	13	1	1	NUM
arjefm-1194	285	14	,	,	PUNCT
arjefm-1194	285	15	january	january	PROPN
arjefm-1194	285	16	-march	-march	PROPN
arjefm-1194	285	17	2025	2025	NUM
arjefm-1194	285	18	issn	issn	NOUN
arjefm-1194	285	19	:	:	PUNCT
arjefm-1194	285	20	2836	2836	NUM
arjefm-1194	285	21	-	-	SYM
arjefm-1194	285	22	9416	9416	NUM
arjefm-1194	285	23	impact	impact	NOUN
arjefm-1194	285	24	factor	factor	NOUN
arjefm-1194	285	25	:	:	PUNCT
arjefm-1194	285	26	6.41	6.41	NUM
arjefm-1194	285	27	journal	journal	NOUN
arjefm-1194	285	28	homepage	homepage	NOUN
arjefm-1194	285	29	:	:	PUNCT
arjefm-1194	285	30	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1194	285	31	,	,	PUNCT
arjefm-1194	285	32	email	email	NOUN
arjefm-1194	285	33	:	:	PUNCT
arjefm-1194	286	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1194	286	2	official	official	ADJ
arjefm-1194	286	3	journal	journal	PROPN
arjefm-1194	286	4	of	of	ADP
arjefm-1194	286	5	america	america	PROPN
arjefm-1194	286	6	serial	serial	PROPN
arjefm-1194	286	7	publication	publication	NOUN
arjefm-1194	286	8	american	american	PROPN
arjefm-1194	286	9	research	research	PROPN
arjefm-1194	286	10	journal	journal	PROPN
arjefm-1194	286	11	of	of	ADP
arjefm-1194	286	12	economics	economic	NOUN
arjefm-1194	286	13	,	,	PUNCT
arjefm-1194	286	14	finance	finance	NOUN
arjefm-1194	286	15	and	and	CCONJ
arjefm-1194	286	16	management	management	NOUN
arjefm-1194	286	17	https://americaserial.com/journals/index.php/	https://americaserial.com/journals/index.php/	PROPN
arjefm-1194	286	18	arjefm	arjefm	PROPN
arjefm-1194	286	19	,	,	PUNCT
arjefm-1194	286	20	email	email	NOUN
arjefm-1194	286	21	:	:	PUNCT
arjefm-1194	286	22	contact@americaserial.com	contact@americaserial.com	X
arjefm-1194	287	1	228	228	NUM
arjefm-1194	288	1	|	|	ADV
arjefm-1194	288	2	p	p	X
arjefm-1194	288	3	a	a	DET
arjefm-1194	288	4	g	g	NOUN
arjefm-1194	288	5	e	e	NOUN
arjefm-1194	288	6	the	the	DET
arjefm-1194	288	7	study	study	NOUN
arjefm-1194	288	8	concludes	conclude	VERB
arjefm-1194	288	9	that	that	SCONJ
arjefm-1194	288	10	non	non	ADJ
arjefm-1194	288	11	-	-	NOUN
arjefm-1194	288	12	existence	existence	NOUN
arjefm-1194	288	13	of	of	ADP
arjefm-1194	288	14	significant	significant	ADJ
arjefm-1194	288	15	relationship	relationship	NOUN
arjefm-1194	288	16	between	between	ADP
arjefm-1194	288	17	vcf	vcf	NOUN
arjefm-1194	288	18	and	and	CCONJ
arjefm-1194	288	19	job	job	NOUN
arjefm-1194	288	20	creation	creation	NOUN
arjefm-1194	288	21	in	in	ADP
arjefm-1194	288	22	sme	sme	PROPN
arjefm-1194	288	23	’s	’s	X
arjefm-1194	288	24	in	in	ADP
arjefm-1194	288	25	nigeria	nigeria	PROPN
arjefm-1194	288	26	despites	despite	VERB
arjefm-1194	288	27	the	the	DET
arjefm-1194	288	28	existence	existence	NOUN
arjefm-1194	288	29	of	of	ADP
arjefm-1194	288	30	positive	positive	ADJ
arjefm-1194	288	31	significant	significant	ADJ
arjefm-1194	288	32	relationship	relationship	NOUN
arjefm-1194	288	33	that	that	PRON
arjefm-1194	288	34	exist	exist	VERB
arjefm-1194	288	35	between	between	ADP
arjefm-1194	288	36	vcf	vcf	NOUN
arjefm-1194	288	37	and	and	CCONJ
arjefm-1194	288	38	sme	sme	PROPN
arjefm-1194	288	39	’s	’s	PART
arjefm-1194	288	40	profitability	profitability	NOUN
arjefm-1194	288	41	and	and	CCONJ
arjefm-1194	288	42	number	number	NOUN
arjefm-1194	288	43	of	of	ADP
arjefm-1194	288	44	sme	sme	PROPN
arjefm-1194	288	45	’s	’s	PART
arjefm-1194	288	46	is	be	AUX
arjefm-1194	288	47	an	an	DET
arjefm-1194	288	48	indication	indication	NOUN
arjefm-1194	288	49	of	of	ADP
arjefm-1194	288	50	lopsided	lopsided	ADJ
arjefm-1194	288	51	growth	growth	NOUN
arjefm-1194	288	52	pattern	pattern	NOUN
arjefm-1194	288	53	,	,	PUNCT
arjefm-1194	288	54	as	as	ADP
arjefm-1194	288	55	economically	economically	ADV
arjefm-1194	288	56	,	,	PUNCT
arjefm-1194	288	57	increase	increase	VERB
arjefm-1194	288	58	in	in	ADP
arjefm-1194	288	59	number	number	NOUN
arjefm-1194	288	60	of	of	ADP
arjefm-1194	288	61	sme	sme	PROPN
arjefm-1194	288	62	’s	’s	PART
arjefm-1194	288	63	and	and	CCONJ
arjefm-1194	288	64	profitability	profitability	NOUN
arjefm-1194	288	65	supposed	suppose	VERB
arjefm-1194	288	66	to	to	PART
arjefm-1194	288	67	create	create	VERB
arjefm-1194	288	68	more	more	ADJ
arjefm-1194	288	69	job	job	NOUN
arjefm-1194	288	70	opportunities	opportunity	NOUN
arjefm-1194	288	71	.	.	PUNCT
arjefm-1194	289	1	based	base	VERB
arjefm-1194	289	2	on	on	ADP
arjefm-1194	289	3	the	the	DET
arjefm-1194	289	4	findings	finding	NOUN
arjefm-1194	289	5	,	,	PUNCT
arjefm-1194	289	6	the	the	DET
arjefm-1194	289	7	study	study	NOUN
arjefm-1194	289	8	recommends	recommend	VERB
arjefm-1194	289	9	for	for	ADP
arjefm-1194	289	10	an	an	DET
arjefm-1194	289	11	intensive	intensive	ADJ
arjefm-1194	289	12	and	and	CCONJ
arjefm-1194	289	13	sustainability	sustainability	NOUN
arjefm-1194	289	14	growth	growth	NOUN
arjefm-1194	289	15	rate	rate	NOUN
arjefm-1194	289	16	policies	policy	NOUN
arjefm-1194	289	17	in	in	ADP
arjefm-1194	289	18	favour	favour	NOUN
arjefm-1194	289	19	of	of	ADP
arjefm-1194	289	20	sme	sme	PROPN
arjefm-1194	289	21	’s	’s	X
arjefm-1194	289	22	in	in	ADP
arjefm-1194	289	23	nigeria	nigeria	PROPN
arjefm-1194	289	24	that	that	PRON
arjefm-1194	289	25	will	will	AUX
arjefm-1194	289	26	bring	bring	VERB
arjefm-1194	289	27	significant	significant	ADJ
arjefm-1194	289	28	and	and	CCONJ
arjefm-1194	289	29	sustainable	sustainable	ADJ
arjefm-1194	289	30	growth	growth	NOUN
arjefm-1194	289	31	in	in	ADP
arjefm-1194	289	32	sme	sme	PROPN
arjefm-1194	289	33	’s	’s	PART
arjefm-1194	289	34	which	which	PRON
arjefm-1194	289	35	will	will	AUX
arjefm-1194	289	36	lead	lead	VERB
arjefm-1194	289	37	to	to	ADP
arjefm-1194	289	38	job	job	NOUN
arjefm-1194	289	39	creation	creation	NOUN
arjefm-1194	289	40	.	.	PUNCT
arjefm-1194	290	1	references	reference	NOUN
arjefm-1194	290	2	adedeji	adedeji	NOUN
arjefm-1194	290	3	,	,	PUNCT
arjefm-1194	290	4	m.	m.	NOUN
arjefm-1194	290	5	,	,	PUNCT
arjefm-1194	290	6	&	&	CCONJ
arjefm-1194	290	7	yusuf	yusuf	PROPN
arjefm-1194	290	8	,	,	PUNCT
arjefm-1194	290	9	a.	a.	NOUN
arjefm-1194	290	10	(	(	PUNCT
arjefm-1194	290	11	2018	2018	NUM
arjefm-1194	290	12	)	)	PUNCT
arjefm-1194	290	13	.	.	PUNCT
arjefm-1194	291	1	the	the	DET
arjefm-1194	291	2	role	role	NOUN
arjefm-1194	291	3	of	of	ADP
arjefm-1194	291	4	venture	venture	NOUN
arjefm-1194	291	5	capital	capital	NOUN
arjefm-1194	291	6	in	in	ADP
arjefm-1194	291	7	sme	sme	NOUN
arjefm-1194	291	8	profitability	profitability	NOUN
arjefm-1194	291	9	in	in	ADP
arjefm-1194	291	10	nigeria	nigeria	PROPN
arjefm-1194	291	11	.	.	PUNCT
arjefm-1194	292	1	global	global	ADJ
arjefm-1194	292	2	business	business	PROPN
arjefm-1194	292	3	review	review	PROPN
arjefm-1194	292	4	.	.	PUNCT
arjefm-1194	293	1	adekunle	adekunle	PROPN
arjefm-1194	293	2	,	,	PUNCT
arjefm-1194	293	3	b.	b.	PROPN
arjefm-1194	293	4	(	(	PUNCT
arjefm-1194	293	5	2021	2021	NUM
arjefm-1194	293	6	)	)	PUNCT
arjefm-1194	293	7	.	.	PUNCT
arjefm-1194	294	1	venture	venture	NOUN
arjefm-1194	294	2	capital	capital	NOUN
arjefm-1194	294	3	and	and	CCONJ
arjefm-1194	294	4	its	its	PRON
arjefm-1194	294	5	impact	impact	NOUN
arjefm-1194	294	6	on	on	ADP
arjefm-1194	294	7	sme	sme	ADJ
arjefm-1194	294	8	growth	growth	NOUN
arjefm-1194	294	9	in	in	ADP
arjefm-1194	294	10	nigeria	nigeria	PROPN
arjefm-1194	294	11	.	.	PUNCT
arjefm-1194	295	1	african	african	ADJ
arjefm-1194	295	2	journal	journal	PROPN
arjefm-1194	295	3	of	of	ADP
arjefm-1194	295	4	economics	economic	NOUN
arjefm-1194	295	5	.	.	PUNCT
arjefm-1194	296	1	afua	afua	PROPN
arjefm-1194	296	2	,	,	PUNCT
arjefm-1194	296	3	m.	m.	PROPN
arjefm-1194	296	4	b.	b.	PROPN
arjefm-1194	296	5	(	(	PUNCT
arjefm-1194	296	6	2011	2011	NUM
arjefm-1194	296	7	)	)	PUNCT
arjefm-1194	296	8	.	.	PUNCT
arjefm-1194	297	1	the	the	DET
arjefm-1194	297	2	impact	impact	NOUN
arjefm-1194	297	3	of	of	ADP
arjefm-1194	297	4	venture	venture	NOUN
arjefm-1194	297	5	capital	capital	NOUN
arjefm-1194	297	6	financing	financing	NOUN
arjefm-1194	297	7	on	on	ADP
arjefm-1194	297	8	small	small	ADJ
arjefm-1194	297	9	and	and	CCONJ
arjefm-1194	297	10	medium	medium	ADJ
arjefm-1194	297	11	enterprises	enterprise	NOUN
arjefm-1194	297	12	in	in	ADP
arjefm-1194	297	13	the	the	DET
arjefm-1194	297	14	tema	tema	NOUN
arjefm-1194	297	15	metropolis	metropolis	PROPN
arjefm-1194	297	16	:	:	PUNCT
arjefm-1194	297	17	the	the	DET
arjefm-1194	297	18	case	case	NOUN
arjefm-1194	297	19	of	of	ADP
arjefm-1194	297	20	elsa	elsa	NOUN
arjefm-1194	297	21	foods	food	NOUN
arjefm-1194	297	22	limited	limit	VERB
arjefm-1194	297	23	(	(	PUNCT
arjefm-1194	297	24	mba	mba	NOUN
arjefm-1194	297	25	thesis	thesis	NOUN
arjefm-1194	297	26	,	,	PUNCT
arjefm-1194	297	27	kwame	kwame	PROPN
arjefm-1194	297	28	nkrumah	nkrumah	PROPN
arjefm-1194	297	29	university	university	PROPN
arjefm-1194	297	30	of	of	ADP
arjefm-1194	297	31	science	science	NOUN
arjefm-1194	297	32	and	and	CCONJ
arjefm-1194	297	33	technology	technology	NOUN
arjefm-1194	297	34	,	,	PUNCT
arjefm-1194	297	35	ghana	ghana	PROPN
arjefm-1194	297	36	)	)	PUNCT
arjefm-1194	297	37	.	.	PUNCT
arjefm-1194	298	1	akingnnola	akingnnola	PROPN
arjefm-1194	298	2	,	,	PUNCT
arjefm-1194	298	3	r.	r.	PROPN
arjefm-1194	298	4	o.	o.	PROPN
arjefm-1194	298	5	(	(	PUNCT
arjefm-1194	298	6	2011	2011	NUM
arjefm-1194	298	7	)	)	PUNCT
arjefm-1194	298	8	.	.	PUNCT
arjefm-1194	299	1	small	small	ADJ
arjefm-1194	299	2	and	and	CCONJ
arjefm-1194	299	3	medium	medium	ADJ
arjefm-1194	299	4	scale	scale	NOUN
arjefm-1194	299	5	enterprises	enterprise	NOUN
arjefm-1194	299	6	and	and	CCONJ
arjefm-1194	299	7	economic	economic	ADJ
arjefm-1194	299	8	growth	growth	NOUN
arjefm-1194	299	9	in	in	ADP
arjefm-1194	299	10	nigeria	nigeria	PROPN
arjefm-1194	299	11	:	:	PUNCT
arjefm-1194	299	12	an	an	DET
arjefm-1194	299	13	assessment	assessment	NOUN
arjefm-1194	299	14	.	.	PUNCT
arjefm-1194	300	1	journal	journal	PROPN
arjefm-1194	300	2	of	of	ADP
arjefm-1194	300	3	business	business	NOUN
arjefm-1194	300	4	management	management	NOUN
arjefm-1194	300	5	,	,	PUNCT
arjefm-1194	300	6	5(3	5(3	NUM
arjefm-1194	300	7	)	)	PUNCT
arjefm-1194	300	8	,	,	PUNCT
arjefm-1194	300	9	10–18	10–18	NUM
arjefm-1194	300	10	.	.	PUNCT
arjefm-1194	301	1	https://doi.org/10.2139/ssrn.1724435	https://doi.org/10.2139/ssrn.1724435	NOUN
arjefm-1194	301	2	aman	aman	NOUN
arjefm-1194	301	3	.	.	PUNCT
arjefm-1194	302	1	(	(	PUNCT
arjefm-1194	302	2	2023	2023	NUM
arjefm-1194	302	3	)	)	PUNCT
arjefm-1194	302	4	.	.	PUNCT
arjefm-1194	303	1	role	role	NOUN
arjefm-1194	303	2	of	of	ADP
arjefm-1194	303	3	venture	venture	NOUN
arjefm-1194	303	4	capital	capital	NOUN
arjefm-1194	303	5	funding	funding	NOUN
arjefm-1194	303	6	on	on	ADP
arjefm-1194	303	7	the	the	DET
arjefm-1194	303	8	performance	performance	NOUN
arjefm-1194	303	9	of	of	ADP
arjefm-1194	303	10	small	small	ADJ
arjefm-1194	303	11	and	and	CCONJ
arjefm-1194	303	12	medium	medium	ADJ
arjefm-1194	303	13	-	-	PUNCT
arjefm-1194	303	14	sized	sized	ADJ
arjefm-1194	303	15	enterprises	enterprise	NOUN
arjefm-1194	303	16	(	(	PUNCT
arjefm-1194	303	17	smes	sme	NOUN
arjefm-1194	303	18	)	)	PUNCT
arjefm-1194	303	19	in	in	ADP
arjefm-1194	303	20	russia	russia	PROPN
arjefm-1194	303	21	.	.	PUNCT
arjefm-1194	304	1	journal	journal	PROPN
arjefm-1194	304	2	of	of	ADP
arjefm-1194	304	3	entrepreneurship	entrepreneurship	NOUN
arjefm-1194	304	4	&	&	CCONJ
arjefm-1194	304	5	economic	economic	ADJ
arjefm-1194	304	6	development	development	NOUN
arjefm-1194	304	7	,	,	PUNCT
arjefm-1194	304	8	2	2	NUM
arjefm-1194	304	9	,	,	PUNCT
arjefm-1194	304	10	45–57	45–57	NUM
arjefm-1194	304	11	.	.	PUNCT
arjefm-1194	305	1	aremu	aremu	PROPN
arjefm-1194	305	2	,	,	PUNCT
arjefm-1194	305	3	m.	m.	NOUN
arjefm-1194	305	4	a.	a.	PROPN
arjefm-1194	305	5	,	,	PUNCT
arjefm-1194	305	6	&	&	CCONJ
arjefm-1194	305	7	adeyemi	adeyemi	ADV
arjefm-1194	305	8	,	,	PUNCT
arjefm-1194	305	9	s.	s.	PROPN
arjefm-1194	305	10	l.	l.	PROPN
arjefm-1194	305	11	(	(	PUNCT
arjefm-1194	305	12	2011	2011	NUM
arjefm-1194	305	13	)	)	PUNCT
arjefm-1194	305	14	.	.	PUNCT
arjefm-1194	306	1	small	small	ADJ
arjefm-1194	306	2	and	and	CCONJ
arjefm-1194	306	3	medium	medium	ADJ
arjefm-1194	306	4	scale	scale	NOUN
arjefm-1194	306	5	enterprises	enterprise	NOUN
arjefm-1194	306	6	as	as	ADP
arjefm-1194	306	7	a	a	DET
arjefm-1194	306	8	survival	survival	NOUN
arjefm-1194	306	9	strategy	strategy	NOUN
arjefm-1194	306	10	for	for	ADP
arjefm-1194	306	11	employment	employment	NOUN
arjefm-1194	306	12	generation	generation	NOUN
arjefm-1194	306	13	in	in	ADP
arjefm-1194	306	14	nigeria	nigeria	PROPN
arjefm-1194	306	15	.	.	PUNCT
arjefm-1194	307	1	journal	journal	PROPN
arjefm-1194	307	2	of	of	ADP
arjefm-1194	307	3	sustainable	sustainable	ADJ
arjefm-1194	307	4	development	development	NOUN
arjefm-1194	307	5	,	,	PUNCT
arjefm-1194	307	6	4(1	4(1	NOUN
arjefm-1194	307	7	)	)	PUNCT
arjefm-1194	307	8	,	,	PUNCT
arjefm-1194	307	9	200–206	200–206	NUM
arjefm-1194	307	10	.	.	PUNCT
arjefm-1194	308	1	https://doi.org/10.5539/jsd.v4n1p200	https://doi.org/10.5539/jsd.v4n1p200	PROPN
arjefm-1194	308	2	baldwin	baldwin	PROPN
arjefm-1194	308	3	,	,	PUNCT
arjefm-1194	308	4	m.	m.	NOUN
arjefm-1194	308	5	,	,	PUNCT
arjefm-1194	308	6	&	&	CCONJ
arjefm-1194	308	7	rafiquzzaman	rafiquzzaman	PROPN
arjefm-1194	308	8	,	,	PUNCT
arjefm-1194	308	9	m.	m.	NOUN
arjefm-1194	308	10	(	(	PUNCT
arjefm-1194	308	11	2020	2020	NUM
arjefm-1194	308	12	)	)	PUNCT
arjefm-1194	308	13	.	.	PUNCT
arjefm-1194	309	1	role	role	NOUN
arjefm-1194	309	2	of	of	ADP
arjefm-1194	309	3	financial	financial	ADJ
arjefm-1194	309	4	management	management	NOUN
arjefm-1194	309	5	skills	skill	NOUN
arjefm-1194	309	6	on	on	ADP
arjefm-1194	309	7	the	the	DET
arjefm-1194	309	8	performance	performance	NOUN
arjefm-1194	309	9	of	of	ADP
arjefm-1194	309	10	smes	sme	NOUN
arjefm-1194	309	11	in	in	ADP
arjefm-1194	309	12	malawi	malawi	PROPN
arjefm-1194	309	13	.	.	PUNCT
arjefm-1194	310	1	african	african	ADJ
arjefm-1194	310	2	journal	journal	PROPN
arjefm-1194	310	3	of	of	ADP
arjefm-1194	310	4	business	business	NOUN
arjefm-1194	310	5	management	management	NOUN
arjefm-1194	310	6	,	,	PUNCT
arjefm-1194	310	7	14	14	NUM
arjefm-1194	310	8	,	,	PUNCT
arjefm-1194	310	9	28–40	28–40	NUM
arjefm-1194	310	10	.	.	PUNCT
arjefm-1194	311	1	barney	barney	PROPN
arjefm-1194	311	2	,	,	PUNCT
arjefm-1194	311	3	j.	j.	PROPN
arjefm-1194	311	4	b.	b.	PROPN
arjefm-1194	311	5	(	(	PUNCT
arjefm-1194	311	6	2011	2011	NUM
arjefm-1194	311	7	)	)	PUNCT
arjefm-1194	311	8	.	.	PUNCT
arjefm-1194	312	1	firm	firm	ADJ
arjefm-1194	312	2	resources	resource	NOUN
arjefm-1194	312	3	and	and	CCONJ
arjefm-1194	312	4	sustained	sustain	VERB
arjefm-1194	312	5	competitive	competitive	ADJ
arjefm-1194	312	6	advantage	advantage	NOUN
arjefm-1194	312	7	.	.	PUNCT
arjefm-1194	313	1	journal	journal	NOUN
arjefm-1194	313	2	of	of	ADP
arjefm-1194	313	3	management	management	NOUN
arjefm-1194	313	4	,	,	PUNCT
arjefm-1194	313	5	17(1	17(1	NUM
arjefm-1194	313	6	)	)	PUNCT
arjefm-1194	313	7	,	,	PUNCT
arjefm-1194	313	8	99–120	99–120	NUM
arjefm-1194	313	9	.	.	PUNCT
arjefm-1194	313	10	https://doi.org/10.1177/014920639101700108	https://doi.org/10.1177/014920639101700108	VERB
arjefm-1194	314	1	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	PROPN
arjefm-1194	314	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1194	314	3	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-1194	314	4	https://doi.org/10.2139/ssrn.1724435	https://doi.org/10.2139/ssrn.1724435	NOUN
arjefm-1194	314	5	https://doi.org/10.5539/jsd.v4n1p200	https://doi.org/10.5539/jsd.v4n1p200	NOUN
arjefm-1194	314	6	https://doi.org/10.1177/014920639101700108	https://doi.org/10.1177/014920639101700108	NUM
arjefm-1194	314	7	american	american	ADJ
arjefm-1194	314	8	research	research	PROPN
arjefm-1194	314	9	journal	journal	PROPN
arjefm-1194	314	10	of	of	ADP
arjefm-1194	314	11	economics	economic	NOUN
arjefm-1194	314	12	,	,	PUNCT
arjefm-1194	314	13	finance	finance	NOUN
arjefm-1194	314	14	and	and	CCONJ
arjefm-1194	314	15	management	management	NOUN
arjefm-1194	314	16	volume	volume	NOUN
arjefm-1194	314	17	13	13	NUM
arjefm-1194	314	18	issue	issue	NOUN
arjefm-1194	314	19	1	1	NUM
arjefm-1194	314	20	,	,	PUNCT
arjefm-1194	314	21	january	january	PROPN
arjefm-1194	314	22	-march	-march	PROPN
arjefm-1194	314	23	2025	2025	NUM
arjefm-1194	314	24	issn	issn	NOUN
arjefm-1194	314	25	:	:	PUNCT
arjefm-1194	314	26	2836	2836	NUM
arjefm-1194	314	27	-	-	SYM
arjefm-1194	314	28	9416	9416	NUM
arjefm-1194	314	29	impact	impact	NOUN
arjefm-1194	314	30	factor	factor	NOUN
arjefm-1194	314	31	:	:	PUNCT
arjefm-1194	314	32	6.41	6.41	NUM
arjefm-1194	314	33	journal	journal	NOUN
arjefm-1194	314	34	homepage	homepage	NOUN
arjefm-1194	314	35	:	:	PUNCT
arjefm-1194	314	36	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1194	314	37	,	,	PUNCT
arjefm-1194	314	38	email	email	NOUN
arjefm-1194	314	39	:	:	PUNCT
arjefm-1194	315	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1194	315	2	official	official	ADJ
arjefm-1194	315	3	journal	journal	PROPN
arjefm-1194	315	4	of	of	ADP
arjefm-1194	315	5	america	america	PROPN
arjefm-1194	315	6	serial	serial	PROPN
arjefm-1194	315	7	publication	publication	NOUN
arjefm-1194	315	8	american	american	PROPN
arjefm-1194	315	9	research	research	PROPN
arjefm-1194	315	10	journal	journal	PROPN
arjefm-1194	315	11	of	of	ADP
arjefm-1194	315	12	economics	economic	NOUN
arjefm-1194	315	13	,	,	PUNCT
arjefm-1194	315	14	finance	finance	NOUN
arjefm-1194	315	15	and	and	CCONJ
arjefm-1194	315	16	management	management	NOUN
arjefm-1194	315	17	https://americaserial.com/journals/index.php/	https://americaserial.com/journals/index.php/	PROPN
arjefm-1194	315	18	arjefm	arjefm	PROPN
arjefm-1194	315	19	,	,	PUNCT
arjefm-1194	315	20	email	email	NOUN
arjefm-1194	315	21	:	:	PUNCT
arjefm-1194	315	22	contact@americaserial.com	contact@americaserial.com	X
arjefm-1194	316	1	229	229	NUM
arjefm-1194	317	1	|	|	ADV
arjefm-1194	317	2	p	p	X
arjefm-1194	317	3	a	a	DET
arjefm-1194	317	4	g	g	NOUN
arjefm-1194	317	5	e	e	NOUN
arjefm-1194	317	6	biney	biney	NOUN
arjefm-1194	317	7	,	,	PUNCT
arjefm-1194	317	8	c.	c.	PROPN
arjefm-1194	317	9	,	,	PUNCT
arjefm-1194	317	10	&	&	CCONJ
arjefm-1194	317	11	gan	gan	PROPN
arjefm-1194	317	12	,	,	PUNCT
arjefm-1194	317	13	c.	c.	PROPN
arjefm-1194	317	14	(	(	PUNCT
arjefm-1194	317	15	2018	2018	NUM
arjefm-1194	317	16	)	)	PUNCT
arjefm-1194	317	17	.	.	PUNCT
arjefm-1194	318	1	impact	impact	NOUN
arjefm-1194	318	2	of	of	ADP
arjefm-1194	318	3	venture	venture	NOUN
arjefm-1194	318	4	capital	capital	NOUN
arjefm-1194	318	5	financing	financing	NOUN
arjefm-1194	318	6	on	on	ADP
arjefm-1194	318	7	the	the	DET
arjefm-1194	318	8	growth	growth	NOUN
arjefm-1194	318	9	and	and	CCONJ
arjefm-1194	318	10	development	development	NOUN
arjefm-1194	318	11	of	of	ADP
arjefm-1194	318	12	smes	sme	NOUN
arjefm-1194	318	13	in	in	ADP
arjefm-1194	318	14	ghana	ghana	PROPN
arjefm-1194	318	15	.	.	PUNCT
arjefm-1194	319	1	business	business	NOUN
arjefm-1194	319	2	and	and	CCONJ
arjefm-1194	319	3	economics	economic	NOUN
arjefm-1194	319	4	journal	journal	NOUN
arjefm-1194	319	5	,	,	PUNCT
arjefm-1194	319	6	9(1	9(1	NUM
arjefm-1194	319	7	)	)	PUNCT
arjefm-1194	319	8	.	.	PUNCT
arjefm-1194	320	1	https://doi.org/10.4172/21516219.1000370	https://doi.org/10.4172/21516219.1000370	PROPN
arjefm-1194	320	2	black	black	PROPN
arjefm-1194	320	3	,	,	PUNCT
arjefm-1194	320	4	b.	b.	PROPN
arjefm-1194	320	5	s.	s.	PROPN
arjefm-1194	320	6	,	,	PUNCT
arjefm-1194	320	7	&	&	CCONJ
arjefm-1194	320	8	gilson	gilson	PROPN
arjefm-1194	320	9	,	,	PUNCT
arjefm-1194	320	10	s.	s.	PROPN
arjefm-1194	320	11	c.	c.	PROPN
arjefm-1194	320	12	(	(	PUNCT
arjefm-1194	320	13	2019	2019	NUM
arjefm-1194	320	14	)	)	PUNCT
arjefm-1194	320	15	.	.	PUNCT
arjefm-1194	321	1	venture	venture	NOUN
arjefm-1194	321	2	capital	capital	NOUN
arjefm-1194	321	3	and	and	CCONJ
arjefm-1194	321	4	the	the	DET
arjefm-1194	321	5	structure	structure	NOUN
arjefm-1194	321	6	of	of	ADP
arjefm-1194	321	7	the	the	DET
arjefm-1194	321	8	private	private	ADJ
arjefm-1194	321	9	equity	equity	NOUN
arjefm-1194	321	10	market	market	NOUN
arjefm-1194	321	11	.	.	PUNCT
arjefm-1194	322	1	journal	journal	NOUN
arjefm-1194	322	2	of	of	ADP
arjefm-1194	322	3	financial	financial	ADJ
arjefm-1194	322	4	economics	economic	NOUN
arjefm-1194	322	5	,	,	PUNCT
arjefm-1194	322	6	134(2	134(2	NUM
arjefm-1194	322	7	)	)	PUNCT
arjefm-1194	322	8	,	,	PUNCT
arjefm-1194	323	1	205–227	205–227	NUM
arjefm-1194	323	2	.	.	PUNCT
arjefm-1194	323	3	https://doi.org/10.1016/j.jfineco.2019.03.003	https://doi.org/10.1016/j.jfineco.2019.03.003	NOUN
arjefm-1194	323	4	chemmanur	chemmanur	NOUN
arjefm-1194	323	5	,	,	PUNCT
arjefm-1194	323	6	t.	t.	PROPN
arjefm-1194	323	7	j.	j.	PROPN
arjefm-1194	323	8	,	,	PUNCT
arjefm-1194	323	9	&	&	CCONJ
arjefm-1194	323	10	fulghieri	fulghieri	PROPN
arjefm-1194	323	11	,	,	PUNCT
arjefm-1194	323	12	p.	p.	NOUN
arjefm-1194	323	13	(	(	PUNCT
arjefm-1194	323	14	2019	2019	NUM
arjefm-1194	323	15	)	)	PUNCT
arjefm-1194	323	16	.	.	PUNCT
arjefm-1194	324	1	innovation	innovation	NOUN
arjefm-1194	324	2	,	,	PUNCT
arjefm-1194	324	3	performance	performance	NOUN
arjefm-1194	324	4	,	,	PUNCT
arjefm-1194	324	5	and	and	CCONJ
arjefm-1194	324	6	risk	risk	NOUN
arjefm-1194	324	7	:	:	PUNCT
arjefm-1194	324	8	the	the	DET
arjefm-1194	324	9	role	role	NOUN
arjefm-1194	324	10	of	of	ADP
arjefm-1194	324	11	venture	venture	NOUN
arjefm-1194	324	12	capital	capital	NOUN
arjefm-1194	324	13	in	in	ADP
arjefm-1194	324	14	financing	financing	NOUN
arjefm-1194	324	15	startups	startup	NOUN
arjefm-1194	324	16	.	.	PUNCT
arjefm-1194	325	1	review	review	NOUN
arjefm-1194	325	2	of	of	ADP
arjefm-1194	325	3	financial	financial	ADJ
arjefm-1194	325	4	studies	study	NOUN
arjefm-1194	325	5	,	,	PUNCT
arjefm-1194	325	6	32(9	32(9	NUM
arjefm-1194	325	7	)	)	PUNCT
arjefm-1194	325	8	,	,	PUNCT
arjefm-1194	325	9	3605–3642	3605–3642	NUM
arjefm-1194	325	10	.	.	PUNCT
arjefm-1194	326	1	https://doi.org/10.1093/rfs/hhz078	https://doi.org/10.1093/rfs/hhz078	PROPN
arjefm-1194	326	2	dagogo	dagogo	PROPN
arjefm-1194	326	3	,	,	PUNCT
arjefm-1194	326	4	m.	m.	NOUN
arjefm-1194	326	5	,	,	PUNCT
arjefm-1194	326	6	&	&	CCONJ
arjefm-1194	326	7	ollor	ollor	PROPN
arjefm-1194	326	8	,	,	PUNCT
arjefm-1194	326	9	a.	a.	NOUN
arjefm-1194	326	10	t.	t.	PROPN
arjefm-1194	326	11	(	(	PUNCT
arjefm-1194	326	12	2019	2019	NUM
arjefm-1194	326	13	)	)	PUNCT
arjefm-1194	326	14	.	.	PUNCT
arjefm-1194	327	1	guidelines	guideline	NOUN
arjefm-1194	327	2	and	and	CCONJ
arjefm-1194	327	3	stakeholders	stakeholder	NOUN
arjefm-1194	327	4	'	'	PART
arjefm-1194	327	5	responsibilities	responsibility	NOUN
arjefm-1194	327	6	in	in	ADP
arjefm-1194	327	7	smieis	smieis	NOUN
arjefm-1194	327	8	.	.	PUNCT
arjefm-1194	328	1	in	in	ADP
arjefm-1194	328	2	central	central	ADJ
arjefm-1194	328	3	bank	bank	PROPN
arjefm-1194	328	4	of	of	ADP
arjefm-1194	328	5	nigeria	nigeria	PROPN
arjefm-1194	328	6	(	(	PUNCT
arjefm-1194	328	7	ed	ed	NOUN
arjefm-1194	328	8	.	.	PUNCT
arjefm-1194	328	9	)	)	PUNCT
arjefm-1194	328	10	,	,	PUNCT
arjefm-1194	328	11	seminar	seminar	NOUN
arjefm-1194	328	12	on	on	ADP
arjefm-1194	328	13	small	small	ADJ
arjefm-1194	328	14	and	and	CCONJ
arjefm-1194	328	15	medium	medium	ADJ
arjefm-1194	328	16	scale	scale	NOUN
arjefm-1194	328	17	industries	industry	NOUN
arjefm-1194	328	18	equity	equity	NOUN
arjefm-1194	328	19	investment	investment	NOUN
arjefm-1194	328	20	scheme	scheme	NOUN
arjefm-1194	328	21	(	(	PUNCT
arjefm-1194	328	22	smieis	smieis	NOUN
arjefm-1194	328	23	)	)	PUNCT
arjefm-1194	328	24	(	(	PUNCT
arjefm-1194	328	25	publication	publication	NOUN
arjefm-1194	328	26	no	no	INTJ
arjefm-1194	328	27	.	.	NOUN
arjefm-1194	328	28	4	4	NUM
arjefm-1194	328	29	,	,	PUNCT
arjefm-1194	328	30	pp	pp	ADJ
arjefm-1194	328	31	.	.	PUNCT
arjefm-1194	328	32	50–65	50–65	NUM
arjefm-1194	328	33	)	)	PUNCT
arjefm-1194	328	34	.	.	PUNCT
arjefm-1194	329	1	cbn	cbn	PROPN
arjefm-1194	329	2	training	training	NOUN
arjefm-1194	329	3	centre	centre	NOUN
arjefm-1194	329	4	.	.	PUNCT
arjefm-1194	330	1	dalberg	dalberg	PROPN
arjefm-1194	330	2	global	global	PROPN
arjefm-1194	330	3	development	development	PROPN
arjefm-1194	330	4	advisors	advisor	NOUN
arjefm-1194	330	5	.	.	PUNCT
arjefm-1194	331	1	(	(	PUNCT
arjefm-1194	331	2	2012	2012	NUM
arjefm-1194	331	3	)	)	PUNCT
arjefm-1194	331	4	.	.	PUNCT
arjefm-1194	332	1	assessing	assess	VERB
arjefm-1194	332	2	the	the	DET
arjefm-1194	332	3	impact	impact	NOUN
arjefm-1194	332	4	of	of	ADP
arjefm-1194	332	5	mif	mif	PROPN
arjefm-1194	332	6	’s	’s	PART
arjefm-1194	332	7	venture	venture	NOUN
arjefm-1194	332	8	capital	capital	NOUN
arjefm-1194	332	9	program	program	NOUN
arjefm-1194	332	10	in	in	ADP
arjefm-1194	332	11	latin	latin	PROPN
arjefm-1194	332	12	america	america	PROPN
arjefm-1194	332	13	:	:	PUNCT
arjefm-1194	332	14	diagnostic	diagnostic	ADJ
arjefm-1194	332	15	report	report	NOUN
arjefm-1194	332	16	.	.	PUNCT
arjefm-1194	333	1	new	new	PROPN
arjefm-1194	333	2	york	york	PROPN
arjefm-1194	333	3	,	,	PUNCT
arjefm-1194	333	4	usa	usa	PROPN
arjefm-1194	333	5	.	.	PROPN
arjefm-1194	333	6	daramela	daramela	PROPN
arjefm-1194	333	7	,	,	PUNCT
arjefm-1194	333	8	a.	a.	NOUN
arjefm-1194	333	9	(	(	PUNCT
arjefm-1194	333	10	2012	2012	NUM
arjefm-1194	333	11	)	)	PUNCT
arjefm-1194	333	12	.	.	PUNCT
arjefm-1194	334	1	entrepreneurship	entrepreneurship	NOUN
arjefm-1194	334	2	development	development	NOUN
arjefm-1194	334	3	and	and	CCONJ
arjefm-1194	334	4	sme	sme	NOUN
arjefm-1194	334	5	growth	growth	NOUN
arjefm-1194	334	6	in	in	ADP
arjefm-1194	334	7	nigeria	nigeria	PROPN
arjefm-1194	334	8	.	.	PUNCT
arjefm-1194	335	1	international	international	ADJ
arjefm-1194	335	2	journal	journal	PROPN
arjefm-1194	335	3	of	of	ADP
arjefm-1194	335	4	business	business	NOUN
arjefm-1194	335	5	studies	study	NOUN
arjefm-1194	335	6	,	,	PUNCT
arjefm-1194	335	7	9(2	9(2	NUM
arjefm-1194	335	8	)	)	PUNCT
arjefm-1194	335	9	,	,	PUNCT
arjefm-1194	335	10	78–95	78–95	NUM
arjefm-1194	335	11	.	.	PUNCT
arjefm-1194	336	1	david	david	PROPN
arjefm-1194	336	2	.	.	PUNCT
arjefm-1194	337	1	(	(	PUNCT
arjefm-1194	337	2	2023	2023	NUM
arjefm-1194	337	3	)	)	PUNCT
arjefm-1194	337	4	.	.	PUNCT
arjefm-1194	338	1	relationship	relationship	NOUN
arjefm-1194	338	2	between	between	ADP
arjefm-1194	338	3	venture	venture	NOUN
arjefm-1194	338	4	capital	capital	NOUN
arjefm-1194	338	5	and	and	CCONJ
arjefm-1194	338	6	other	other	ADJ
arjefm-1194	338	7	sources	source	NOUN
arjefm-1194	338	8	of	of	ADP
arjefm-1194	338	9	finance	finance	NOUN
arjefm-1194	338	10	:	:	PUNCT
arjefm-1194	338	11	a	a	DET
arjefm-1194	338	12	literature	literature	PROPN
arjefm-1194	338	13	review	review	NOUN
arjefm-1194	338	14	.	.	PUNCT
arjefm-1194	339	1	journal	journal	PROPN
arjefm-1194	339	2	of	of	ADP
arjefm-1194	339	3	finance	finance	NOUN
arjefm-1194	339	4	studies	study	NOUN
arjefm-1194	339	5	,	,	PUNCT
arjefm-1194	339	6	13	13	NUM
arjefm-1194	339	7	,	,	PUNCT
arjefm-1194	339	8	102–115	102–115	NUM
arjefm-1194	339	9	.	.	PUNCT
arjefm-1194	340	1	davies	davy	NOUN
arjefm-1194	340	2	,	,	PUNCT
arjefm-1194	340	3	p.	p.	NOUN
arjefm-1194	340	4	,	,	PUNCT
arjefm-1194	340	5	&	&	CCONJ
arjefm-1194	340	6	king	king	PROPN
arjefm-1194	340	7	,	,	PUNCT
arjefm-1194	340	8	m.	m.	NOUN
arjefm-1194	340	9	(	(	PUNCT
arjefm-1194	340	10	2018	2018	NUM
arjefm-1194	340	11	)	)	PUNCT
arjefm-1194	340	12	.	.	PUNCT
arjefm-1194	341	1	the	the	DET
arjefm-1194	341	2	role	role	NOUN
arjefm-1194	341	3	of	of	ADP
arjefm-1194	341	4	venture	venture	NOUN
arjefm-1194	341	5	capital	capital	NOUN
arjefm-1194	341	6	in	in	ADP
arjefm-1194	341	7	financing	finance	VERB
arjefm-1194	341	8	new	new	ADJ
arjefm-1194	341	9	ventures	venture	NOUN
arjefm-1194	341	10	.	.	PUNCT
arjefm-1194	342	1	international	international	ADJ
arjefm-1194	342	2	journal	journal	PROPN
arjefm-1194	342	3	of	of	ADP
arjefm-1194	342	4	financial	financial	ADJ
arjefm-1194	342	5	studies	study	NOUN
arjefm-1194	342	6	,	,	PUNCT
arjefm-1194	342	7	6(1	6(1	NUM
arjefm-1194	342	8	)	)	PUNCT
arjefm-1194	342	9	,	,	PUNCT
arjefm-1194	342	10	12–29	12–29	NUM
arjefm-1194	342	11	.	.	PUNCT
arjefm-1194	343	1	https://doi.org/10.3390/ijfs6010012	https://doi.org/10.3390/ijfs6010012	PROPN
arjefm-1194	343	2	djalic	djalic	PROPN
arjefm-1194	343	3	,	,	PUNCT
arjefm-1194	343	4	i.	i.	NOUN
arjefm-1194	343	5	,	,	PUNCT
arjefm-1194	343	6	terzic	terzic	NOUN
arjefm-1194	343	7	,	,	PUNCT
arjefm-1194	343	8	s.	s.	PROPN
arjefm-1194	343	9	,	,	PUNCT
arjefm-1194	343	10	&	&	CCONJ
arjefm-1194	343	11	novarlic	novarlic	PROPN
arjefm-1194	343	12	,	,	PUNCT
arjefm-1194	343	13	b.	b.	PROPN
arjefm-1194	343	14	(	(	PUNCT
arjefm-1194	343	15	2017	2017	NUM
arjefm-1194	343	16	)	)	PUNCT
arjefm-1194	343	17	.	.	PUNCT
arjefm-1194	344	1	the	the	DET
arjefm-1194	344	2	role	role	NOUN
arjefm-1194	344	3	of	of	ADP
arjefm-1194	344	4	venture	venture	NOUN
arjefm-1194	344	5	capital	capital	NOUN
arjefm-1194	344	6	in	in	ADP
arjefm-1194	344	7	the	the	DET
arjefm-1194	344	8	development	development	NOUN
arjefm-1194	344	9	of	of	ADP
arjefm-1194	344	10	the	the	DET
arjefm-1194	344	11	sme	sme	NOUN
arjefm-1194	344	12	sector	sector	NOUN
arjefm-1194	344	13	.	.	PUNCT
arjefm-1194	345	1	the	the	DET
arjefm-1194	345	2	european	european	PROPN
arjefm-1194	345	3	journal	journal	PROPN
arjefm-1194	345	4	of	of	ADP
arjefm-1194	345	5	applied	apply	VERB
arjefm-1194	345	6	economics	economic	NOUN
arjefm-1194	345	7	,	,	PUNCT
arjefm-1194	345	8	14	14	NUM
arjefm-1194	345	9	,	,	PUNCT
arjefm-1194	345	10	58–69	58–69	NUM
arjefm-1194	345	11	.	.	PUNCT
arjefm-1194	346	1	https://doi.org/10.5937/ejae14-14391	https://doi.org/10.5937/ejae14-14391	PROPN
arjefm-1194	346	2	effiom	effiom	PROPN
arjefm-1194	346	3	,	,	PUNCT
arjefm-1194	346	4	l.	l.	PROPN
arjefm-1194	346	5	,	,	PUNCT
arjefm-1194	346	6	&	&	CCONJ
arjefm-1194	346	7	edet	edet	PROPN
arjefm-1194	346	8	,	,	PUNCT
arjefm-1194	346	9	s.	s.	PROPN
arjefm-1194	346	10	e.	e.	PROPN
arjefm-1194	346	11	(	(	PUNCT
arjefm-1194	346	12	2018	2018	NUM
arjefm-1194	346	13	)	)	PUNCT
arjefm-1194	346	14	.	.	PUNCT
arjefm-1194	347	1	the	the	DET
arjefm-1194	347	2	impact	impact	NOUN
arjefm-1194	347	3	of	of	ADP
arjefm-1194	347	4	venture	venture	NOUN
arjefm-1194	347	5	capital	capital	NOUN
arjefm-1194	347	6	financing	financing	NOUN
arjefm-1194	347	7	on	on	ADP
arjefm-1194	347	8	small	small	ADJ
arjefm-1194	347	9	and	and	CCONJ
arjefm-1194	347	10	medium	medium	ADJ
arjefm-1194	347	11	scale	scale	NOUN
arjefm-1194	347	12	enterprises	enterprise	NOUN
arjefm-1194	347	13	in	in	ADP
arjefm-1194	347	14	cross	cross	PROPN
arjefm-1194	347	15	river	river	PROPN
arjefm-1194	347	16	state	state	PROPN
arjefm-1194	347	17	,	,	PUNCT
arjefm-1194	347	18	nigeria	nigeria	PROPN
arjefm-1194	347	19	.	.	PUNCT
arjefm-1194	348	1	international	international	ADJ
arjefm-1194	348	2	journal	journal	PROPN
arjefm-1194	348	3	of	of	ADP
arjefm-1194	348	4	economics	economic	NOUN
arjefm-1194	348	5	and	and	CCONJ
arjefm-1194	348	6	finance	finance	NOUN
arjefm-1194	348	7	,	,	PUNCT
arjefm-1194	348	8	10(3	10(3	NUM
arjefm-1194	348	9	)	)	PUNCT
arjefm-1194	348	10	,	,	PUNCT
arjefm-1194	348	11	109–121	109–121	NUM
arjefm-1194	348	12	.	.	PUNCT
arjefm-1194	349	1	https://doi.org/10.5539/ijef.v10n3p109	https://doi.org/10.5539/ijef.v10n3p109	PROPN
arjefm-1194	350	1	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	PROPN
arjefm-1194	350	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1194	350	3	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-1194	351	1	https://doi.org/10.4172/2151-6219.1000370	https://doi.org/10.4172/2151-6219.1000370	PROPN
arjefm-1194	351	2	https://doi.org/10.4172/2151-6219.1000370	https://doi.org/10.4172/2151-6219.1000370	PROPN
arjefm-1194	351	3	https://doi.org/10.1016/j.jfineco.2019.03.003	https://doi.org/10.1016/j.jfineco.2019.03.003	PROPN
arjefm-1194	351	4	https://doi.org/10.1093/rfs/hhz078	https://doi.org/10.1093/rfs/hhz078	PROPN
arjefm-1194	351	5	https://doi.org/10.3390/ijfs6010012	https://doi.org/10.3390/ijfs6010012	PROPN
arjefm-1194	351	6	https://doi.org/10.5937/ejae14-14391	https://doi.org/10.5937/ejae14-14391	PROPN
arjefm-1194	351	7	https://doi.org/10.5539/ijef.v10n3p109	https://doi.org/10.5539/ijef.v10n3p109	PROPN
arjefm-1194	351	8	american	american	PROPN
arjefm-1194	351	9	research	research	PROPN
arjefm-1194	351	10	journal	journal	PROPN
arjefm-1194	351	11	of	of	ADP
arjefm-1194	351	12	economics	economic	NOUN
arjefm-1194	351	13	,	,	PUNCT
arjefm-1194	351	14	finance	finance	NOUN
arjefm-1194	351	15	and	and	CCONJ
arjefm-1194	351	16	management	management	NOUN
arjefm-1194	351	17	volume	volume	NOUN
arjefm-1194	351	18	13	13	NUM
arjefm-1194	351	19	issue	issue	NOUN
arjefm-1194	351	20	1	1	NUM
arjefm-1194	351	21	,	,	PUNCT
arjefm-1194	351	22	january	january	PROPN
arjefm-1194	351	23	-march	-march	PROPN
arjefm-1194	351	24	2025	2025	NUM
arjefm-1194	351	25	issn	issn	NOUN
arjefm-1194	351	26	:	:	PUNCT
arjefm-1194	351	27	2836	2836	NUM
arjefm-1194	351	28	-	-	SYM
arjefm-1194	351	29	9416	9416	NUM
arjefm-1194	351	30	impact	impact	NOUN
arjefm-1194	351	31	factor	factor	NOUN
arjefm-1194	351	32	:	:	PUNCT
arjefm-1194	351	33	6.41	6.41	NUM
arjefm-1194	351	34	journal	journal	NOUN
arjefm-1194	351	35	homepage	homepage	NOUN
arjefm-1194	351	36	:	:	PUNCT
arjefm-1194	351	37	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1194	351	38	,	,	PUNCT
arjefm-1194	351	39	email	email	NOUN
arjefm-1194	351	40	:	:	PUNCT
arjefm-1194	351	41	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1194	351	42	official	official	ADJ
arjefm-1194	351	43	journal	journal	PROPN
arjefm-1194	351	44	of	of	ADP
arjefm-1194	351	45	america	america	PROPN
arjefm-1194	351	46	serial	serial	PROPN
arjefm-1194	351	47	publication	publication	NOUN
arjefm-1194	351	48	american	american	PROPN
arjefm-1194	351	49	research	research	PROPN
arjefm-1194	351	50	journal	journal	PROPN
arjefm-1194	351	51	of	of	ADP
arjefm-1194	351	52	economics	economic	NOUN
arjefm-1194	351	53	,	,	PUNCT
arjefm-1194	351	54	finance	finance	NOUN
arjefm-1194	351	55	and	and	CCONJ
arjefm-1194	351	56	management	management	NOUN
arjefm-1194	351	57	https://americaserial.com/journals/index.php/	https://americaserial.com/journals/index.php/	PROPN
arjefm-1194	351	58	arjefm	arjefm	PROPN
arjefm-1194	351	59	,	,	PUNCT
arjefm-1194	351	60	email	email	NOUN
arjefm-1194	351	61	:	:	PUNCT
arjefm-1194	351	62	contact@americaserial.com	contact@americaserial.com	X
arjefm-1194	352	1	230	230	NUM
arjefm-1194	353	1	|	|	ADV
arjefm-1194	353	2	p	p	NOUN
arjefm-1194	353	3	a	a	DET
arjefm-1194	353	4	g	g	NOUN
arjefm-1194	353	5	e	e	NOUN
arjefm-1194	353	6	egu	egu	X
arjefm-1194	353	7	usang	usang	PROPN
arjefm-1194	353	8	inah	inah	PROPN
arjefm-1194	353	9	,	,	PUNCT
arjefm-1194	353	10	ph.d	ph.d	PROPN
arjefm-1194	353	11	.	.	PROPN
arjefm-1194	353	12	,	,	PUNCT
arjefm-1194	353	13	aca	aca	PROPN
arjefm-1194	353	14	.	.	PROPN
arjefm-1194	353	15	,	,	PUNCT
arjefm-1194	353	16	olofu	olofu	NOUN
arjefm-1194	353	17	mathias	mathias	PROPN
arjefm-1194	353	18	ajor	ajor	PROPN
arjefm-1194	353	19	,	,	PUNCT
arjefm-1194	353	20	mannah	mannah	PROPN
arjefm-1194	353	21	elizabeth	elizabeth	PROPN
arjefm-1194	353	22	jacob	jacob	PROPN
arjefm-1194	353	23	,	,	PUNCT
arjefm-1194	353	24	uwalaka	uwalaka	PROPN
arjefm-1194	353	25	benedicta	benedicta	PROPN
arjefm-1194	353	26	chisobem	chisobem	PROPN
arjefm-1194	353	27	,	,	PUNCT
arjefm-1194	353	28	&	&	CCONJ
arjefm-1194	353	29	ibaye	ibaye	PROPN
arjefm-1194	353	30	theresa	theresa	PROPN
arjefm-1194	353	31	mbong	mbong	PROPN
arjefm-1194	353	32	.	.	PUNCT
arjefm-1194	354	1	(	(	PUNCT
arjefm-1194	354	2	2024	2024	NUM
arjefm-1194	354	3	)	)	PUNCT
arjefm-1194	354	4	.	.	PUNCT
arjefm-1194	355	1	effect	effect	NOUN
arjefm-1194	355	2	of	of	ADP
arjefm-1194	355	3	venture	venture	NOUN
arjefm-1194	355	4	capital	capital	NOUN
arjefm-1194	355	5	financing	financing	NOUN
arjefm-1194	355	6	on	on	ADP
arjefm-1194	355	7	the	the	DET
arjefm-1194	355	8	financial	financial	ADJ
arjefm-1194	355	9	performance	performance	NOUN
arjefm-1194	355	10	of	of	ADP
arjefm-1194	355	11	smes	sme	NOUN
arjefm-1194	355	12	in	in	ADP
arjefm-1194	355	13	cross	cross	PROPN
arjefm-1194	355	14	river	river	PROPN
arjefm-1194	355	15	state	state	NOUN
arjefm-1194	355	16	.	.	PUNCT
arjefm-1194	356	1	wukari	wukari	ADJ
arjefm-1194	356	2	international	international	ADJ
arjefm-1194	356	3	studies	study	NOUN
arjefm-1194	356	4	journal	journal	NOUN
arjefm-1194	356	5	,	,	PUNCT
arjefm-1194	356	6	8(2	8(2	NUM
arjefm-1194	356	7	)	)	PUNCT
arjefm-1194	356	8	,	,	PUNCT
arjefm-1194	356	9	2024	2024	NUM
arjefm-1194	356	10	.	.	PUNCT
arjefm-1194	357	1	eke	eke	ADJ
arjefm-1194	357	2	,	,	PUNCT
arjefm-1194	357	3	e.	e.	PROPN
arjefm-1194	357	4	(	(	PUNCT
arjefm-1194	357	5	2019	2019	NUM
arjefm-1194	357	6	)	)	PUNCT
arjefm-1194	357	7	.	.	PUNCT
arjefm-1194	358	1	venture	venture	NOUN
arjefm-1194	358	2	capital	capital	NOUN
arjefm-1194	358	3	financing	financing	NOUN
arjefm-1194	358	4	and	and	CCONJ
arjefm-1194	358	5	performance	performance	NOUN
arjefm-1194	358	6	metrics	metric	NOUN
arjefm-1194	358	7	in	in	ADP
arjefm-1194	358	8	small	small	ADJ
arjefm-1194	358	9	and	and	CCONJ
arjefm-1194	358	10	medium	medium	ADJ
arjefm-1194	358	11	enterprises	enterprise	NOUN
arjefm-1194	358	12	.	.	PUNCT
arjefm-1194	359	1	journal	journal	NOUN
arjefm-1194	359	2	of	of	ADP
arjefm-1194	359	3	small	small	ADJ
arjefm-1194	359	4	business	business	NOUN
arjefm-1194	359	5	and	and	CCONJ
arjefm-1194	359	6	enterprise	enterprise	NOUN
arjefm-1194	359	7	development	development	NOUN
arjefm-1194	359	8	,	,	PUNCT
arjefm-1194	359	9	26(4	26(4	NUM
arjefm-1194	359	10	)	)	PUNCT
arjefm-1194	359	11	,	,	PUNCT
arjefm-1194	360	1	527–543	527–543	NUM
arjefm-1194	360	2	.	.	PUNCT
arjefm-1194	360	3	https://doi.org/10.1108/jsbed-07-2018-0234	https://doi.org/10.1108/jsbed-07-2018-0234	ADJ
arjefm-1194	360	4	emerah	emerah	PROPN
arjefm-1194	360	5	,	,	PUNCT
arjefm-1194	360	6	a.	a.	NOUN
arjefm-1194	360	7	,	,	PUNCT
arjefm-1194	360	8	oyedele	oyedele	PROPN
arjefm-1194	360	9	,	,	PUNCT
arjefm-1194	360	10	o.	o.	PROPN
arjefm-1194	360	11	,	,	PUNCT
arjefm-1194	360	12	&	&	CCONJ
arjefm-1194	360	13	ofobruku	ofobruku	PROPN
arjefm-1194	360	14	,	,	PUNCT
arjefm-1194	360	15	s.	s.	PROPN
arjefm-1194	360	16	(	(	PUNCT
arjefm-1194	360	17	2020	2020	NUM
arjefm-1194	360	18	)	)	PUNCT
arjefm-1194	360	19	.	.	PUNCT
arjefm-1194	361	1	venture	venture	NOUN
arjefm-1194	361	2	capital	capital	NOUN
arjefm-1194	361	3	and	and	CCONJ
arjefm-1194	361	4	performance	performance	NOUN
arjefm-1194	361	5	of	of	ADP
arjefm-1194	361	6	small	small	ADJ
arjefm-1194	361	7	and	and	CCONJ
arjefm-1194	361	8	medium	medium	ADJ
arjefm-1194	361	9	scale	scale	NOUN
arjefm-1194	361	10	enterprises	enterprise	NOUN
arjefm-1194	361	11	in	in	ADP
arjefm-1194	361	12	nigeria	nigeria	PROPN
arjefm-1194	361	13	.	.	PUNCT
arjefm-1194	362	1	journal	journal	PROPN
arjefm-1194	362	2	of	of	ADP
arjefm-1194	362	3	management	management	NOUN
arjefm-1194	362	4	sciences	science	NOUN
arjefm-1194	362	5	,	,	PUNCT
arjefm-1194	362	6	4	4	NUM
arjefm-1194	362	7	,	,	PUNCT
arjefm-1194	362	8	77–87	77–87	NUM
arjefm-1194	362	9	.	.	PUNCT
arjefm-1194	363	1	eniola	eniola	PROPN
arjefm-1194	363	2	,	,	PUNCT
arjefm-1194	363	3	a.	a.	NOUN
arjefm-1194	363	4	a.	a.	NOUN
arjefm-1194	363	5	(	(	PUNCT
arjefm-1194	363	6	2021	2021	NUM
arjefm-1194	363	7	)	)	PUNCT
arjefm-1194	363	8	.	.	PUNCT
arjefm-1194	364	1	the	the	DET
arjefm-1194	364	2	role	role	NOUN
arjefm-1194	364	3	of	of	ADP
arjefm-1194	364	4	sme	sme	NOUN
arjefm-1194	364	5	financing	financing	NOUN
arjefm-1194	364	6	in	in	ADP
arjefm-1194	364	7	economic	economic	ADJ
arjefm-1194	364	8	growth	growth	NOUN
arjefm-1194	364	9	in	in	ADP
arjefm-1194	364	10	nigeria	nigeria	PROPN
arjefm-1194	364	11	.	.	PUNCT
arjefm-1194	365	1	journal	journal	PROPN
arjefm-1194	365	2	of	of	ADP
arjefm-1194	365	3	small	small	ADJ
arjefm-1194	365	4	business	business	NOUN
arjefm-1194	365	5	and	and	CCONJ
arjefm-1194	365	6	enterprise	enterprise	NOUN
arjefm-1194	365	7	development	development	NOUN
arjefm-1194	365	8	,	,	PUNCT
arjefm-1194	365	9	28(4	28(4	NUM
arjefm-1194	365	10	)	)	PUNCT
arjefm-1194	365	11	,	,	PUNCT
arjefm-1194	365	12	897–909	897–909	NUM
arjefm-1194	365	13	.	.	PUNCT
arjefm-1194	366	1	gault	gault	PROPN
arjefm-1194	366	2	,	,	PUNCT
arjefm-1194	366	3	f.	f.	PROPN
arjefm-1194	366	4	(	(	PUNCT
arjefm-1194	366	5	2010	2010	NUM
arjefm-1194	366	6	)	)	PUNCT
arjefm-1194	366	7	.	.	PUNCT
arjefm-1194	367	1	innovation	innovation	NOUN
arjefm-1194	367	2	strategies	strategy	NOUN
arjefm-1194	367	3	for	for	ADP
arjefm-1194	367	4	a	a	DET
arjefm-1194	367	5	global	global	ADJ
arjefm-1194	367	6	economy	economy	NOUN
arjefm-1194	367	7	:	:	PUNCT
arjefm-1194	367	8	development	development	NOUN
arjefm-1194	367	9	,	,	PUNCT
arjefm-1194	367	10	implementation	implementation	NOUN
arjefm-1194	367	11	,	,	PUNCT
arjefm-1194	367	12	measurement	measurement	NOUN
arjefm-1194	367	13	,	,	PUNCT
arjefm-1194	367	14	and	and	CCONJ
arjefm-1194	367	15	management	management	NOUN
arjefm-1194	367	16	.	.	PUNCT
arjefm-1194	368	1	international	international	ADJ
arjefm-1194	368	2	development	development	PROPN
arjefm-1194	368	3	research	research	PROPN
arjefm-1194	368	4	centre	centre	PROPN
arjefm-1194	368	5	(	(	PUNCT
arjefm-1194	368	6	idrc	idrc	PROPN
arjefm-1194	368	7	)	)	PUNCT
arjefm-1194	368	8	.	.	PUNCT
arjefm-1194	369	1	gikomo	gikomo	PROPN
arjefm-1194	369	2	,	,	PUNCT
arjefm-1194	369	3	j.	j.	PROPN
arjefm-1194	369	4	n.	n.	PROPN
arjefm-1194	369	5	(	(	PUNCT
arjefm-1194	369	6	2013	2013	NUM
arjefm-1194	369	7	)	)	PUNCT
arjefm-1194	369	8	.	.	PUNCT
arjefm-1194	370	1	effect	effect	NOUN
arjefm-1194	370	2	of	of	ADP
arjefm-1194	370	3	venture	venture	NOUN
arjefm-1194	370	4	capital	capital	NOUN
arjefm-1194	370	5	financing	financing	NOUN
arjefm-1194	370	6	on	on	ADP
arjefm-1194	370	7	the	the	DET
arjefm-1194	370	8	growth	growth	NOUN
arjefm-1194	370	9	of	of	ADP
arjefm-1194	370	10	small	small	ADJ
arjefm-1194	370	11	and	and	CCONJ
arjefm-1194	370	12	medium	medium	ADJ
arjefm-1194	370	13	-	-	PUNCT
arjefm-1194	370	14	sized	sized	ADJ
arjefm-1194	370	15	enterprises	enterprise	NOUN
arjefm-1194	370	16	in	in	ADP
arjefm-1194	370	17	kenya	kenya	PROPN
arjefm-1194	370	18	(	(	PUNCT
arjefm-1194	370	19	mba	mba	NOUN
arjefm-1194	370	20	thesis	thesis	NOUN
arjefm-1194	370	21	,	,	PUNCT
arjefm-1194	370	22	university	university	PROPN
arjefm-1194	370	23	of	of	ADP
arjefm-1194	370	24	nairobi	nairobi	PROPN
arjefm-1194	370	25	,	,	PUNCT
arjefm-1194	370	26	kenya	kenya	PROPN
arjefm-1194	370	27	)	)	PUNCT
arjefm-1194	370	28	.	.	PUNCT
arjefm-1194	371	1	hsu	hsu	PROPN
arjefm-1194	371	2	,	,	PUNCT
arjefm-1194	371	3	d.	d.	PROPN
arjefm-1194	371	4	h.	h.	PROPN
arjefm-1194	371	5	(	(	PUNCT
arjefm-1194	371	6	2020	2020	NUM
arjefm-1194	371	7	)	)	PUNCT
arjefm-1194	371	8	.	.	PUNCT
arjefm-1194	372	1	the	the	DET
arjefm-1194	372	2	impact	impact	NOUN
arjefm-1194	372	3	of	of	ADP
arjefm-1194	372	4	venture	venture	NOUN
arjefm-1194	372	5	capital	capital	NOUN
arjefm-1194	372	6	on	on	ADP
arjefm-1194	372	7	innovation	innovation	NOUN
arjefm-1194	372	8	and	and	CCONJ
arjefm-1194	372	9	economic	economic	ADJ
arjefm-1194	372	10	growth	growth	NOUN
arjefm-1194	372	11	.	.	PUNCT
arjefm-1194	373	1	strategic	strategic	ADJ
arjefm-1194	373	2	management	management	NOUN
arjefm-1194	373	3	journal	journal	NOUN
arjefm-1194	373	4	,	,	PUNCT
arjefm-1194	373	5	41(7	41(7	PROPN
arjefm-1194	373	6	)	)	PUNCT
arjefm-1194	373	7	,	,	PUNCT
arjefm-1194	373	8	1124–1143	1124–1143	NUM
arjefm-1194	373	9	.	.	PUNCT
arjefm-1194	374	1	https://doi.org/10.1002/smj.3128	https://doi.org/10.1002/smj.3128	PROPN
arjefm-1194	374	2	jiang	jiang	PROPN
arjefm-1194	374	3	,	,	PUNCT
arjefm-1194	374	4	x.	x.	PROPN
arjefm-1194	374	5	,	,	PUNCT
arjefm-1194	374	6	yang	yang	PROPN
arjefm-1194	374	7	,	,	PUNCT
arjefm-1194	374	8	x.	x.	PROPN
arjefm-1194	374	9	,	,	PUNCT
arjefm-1194	374	10	&	&	CCONJ
arjefm-1194	374	11	li	li	PROPN
arjefm-1194	374	12	,	,	PUNCT
arjefm-1194	374	13	y.	y.	PROPN
arjefm-1194	374	14	(	(	PUNCT
arjefm-1194	374	15	2014	2014	NUM
arjefm-1194	374	16	)	)	PUNCT
arjefm-1194	374	17	.	.	PUNCT
arjefm-1194	375	1	the	the	DET
arjefm-1194	375	2	impact	impact	NOUN
arjefm-1194	375	3	of	of	ADP
arjefm-1194	375	4	venture	venture	NOUN
arjefm-1194	375	5	capital	capital	NOUN
arjefm-1194	375	6	on	on	ADP
arjefm-1194	375	7	the	the	DET
arjefm-1194	375	8	growth	growth	NOUN
arjefm-1194	375	9	of	of	ADP
arjefm-1194	375	10	smes	sme	NOUN
arjefm-1194	375	11	:	:	PUNCT
arjefm-1194	375	12	evidence	evidence	NOUN
arjefm-1194	375	13	from	from	ADP
arjefm-1194	375	14	china	china	PROPN
arjefm-1194	375	15	.	.	PUNCT
arjefm-1194	376	1	journal	journal	PROPN
arjefm-1194	376	2	of	of	ADP
arjefm-1194	376	3	business	business	NOUN
arjefm-1194	376	4	research	research	NOUN
arjefm-1194	376	5	,	,	PUNCT
arjefm-1194	376	6	67(5	67(5	NUM
arjefm-1194	376	7	)	)	PUNCT
arjefm-1194	376	8	,	,	PUNCT
arjefm-1194	376	9	856–862	856–862	NUM
arjefm-1194	376	10	.	.	PUNCT
arjefm-1194	377	1	https://doi.org/10.1016/j.jbusres.2013.07.02	https://doi.org/10.1016/j.jbusres.2013.07.02	PROPN
arjefm-1194	377	2	john	john	PROPN
arjefm-1194	377	3	.	.	PUNCT
arjefm-1194	378	1	(	(	PUNCT
arjefm-1194	378	2	2023	2023	NUM
arjefm-1194	378	3	)	)	PUNCT
arjefm-1194	378	4	.	.	PUNCT
arjefm-1194	379	1	influence	influence	NOUN
arjefm-1194	379	2	of	of	ADP
arjefm-1194	379	3	venture	venture	NOUN
arjefm-1194	379	4	capital	capital	NOUN
arjefm-1194	379	5	financing	financing	NOUN
arjefm-1194	379	6	on	on	ADP
arjefm-1194	379	7	start	start	NOUN
arjefm-1194	379	8	-	-	PUNCT
arjefm-1194	379	9	up	up	ADP
arjefm-1194	379	10	success	success	NOUN
arjefm-1194	379	11	:	:	PUNCT
arjefm-1194	379	12	a	a	DET
arjefm-1194	379	13	literature	literature	NOUN
arjefm-1194	379	14	review	review	NOUN
arjefm-1194	379	15	.	.	PUNCT
arjefm-1194	380	1	entrepreneurship	entrepreneurship	NOUN
arjefm-1194	380	2	research	research	NOUN
arjefm-1194	380	3	journal	journal	NOUN
arjefm-1194	380	4	,	,	PUNCT
arjefm-1194	380	5	11	11	NUM
arjefm-1194	380	6	,	,	PUNCT
arjefm-1194	380	7	145–165	145–165	NUM
arjefm-1194	380	8	.	.	PUNCT
arjefm-1194	381	1	juba	juba	PROPN
arjefm-1194	381	2	,	,	PUNCT
arjefm-1194	381	3	a.	a.	NOUN
arjefm-1194	381	4	m.	m.	NOUN
arjefm-1194	381	5	(	(	PUNCT
arjefm-1194	381	6	2010	2010	NUM
arjefm-1194	381	7	)	)	PUNCT
arjefm-1194	381	8	.	.	PUNCT
arjefm-1194	382	1	small	small	ADJ
arjefm-1194	382	2	and	and	CCONJ
arjefm-1194	382	3	medium	medium	ADJ
arjefm-1194	382	4	enterprises	enterprise	NOUN
arjefm-1194	382	5	(	(	PUNCT
arjefm-1194	382	6	smes	sme	NOUN
arjefm-1194	382	7	)	)	PUNCT
arjefm-1194	382	8	and	and	CCONJ
arjefm-1194	382	9	the	the	DET
arjefm-1194	382	10	challenges	challenge	NOUN
arjefm-1194	382	11	of	of	ADP
arjefm-1194	382	12	sustainable	sustainable	ADJ
arjefm-1194	382	13	development	development	NOUN
arjefm-1194	382	14	in	in	ADP
arjefm-1194	382	15	nigeria	nigeria	PROPN
arjefm-1194	382	16	.	.	PUNCT
arjefm-1194	383	1	journal	journal	PROPN
arjefm-1194	383	2	of	of	ADP
arjefm-1194	383	3	sustainable	sustainable	ADJ
arjefm-1194	383	4	development	development	NOUN
arjefm-1194	383	5	in	in	ADP
arjefm-1194	383	6	africa	africa	PROPN
arjefm-1194	383	7	,	,	PUNCT
arjefm-1194	383	8	12(7	12(7	NUM
arjefm-1194	383	9	)	)	PUNCT
arjefm-1194	383	10	,	,	PUNCT
arjefm-1194	383	11	22–35	22–35	NUM
arjefm-1194	383	12	.	.	PUNCT
arjefm-1194	384	1	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	PROPN
arjefm-1194	384	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1194	384	3	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-1194	384	4	https://doi.org/10.1108/jsbed-07-2018-0234	https://doi.org/10.1108/jsbed-07-2018-0234	ADJ
arjefm-1194	384	5	https://doi.org/10.1002/smj.3128	https://doi.org/10.1002/smj.3128	PROPN
arjefm-1194	384	6	https://doi.org/10.1016/j.jbusres.2013.07.02	https://doi.org/10.1016/j.jbusres.2013.07.02	PROPN
arjefm-1194	384	7	american	american	PROPN
arjefm-1194	384	8	research	research	PROPN
arjefm-1194	384	9	journal	journal	PROPN
arjefm-1194	384	10	of	of	ADP
arjefm-1194	384	11	economics	economic	NOUN
arjefm-1194	384	12	,	,	PUNCT
arjefm-1194	384	13	finance	finance	NOUN
arjefm-1194	384	14	and	and	CCONJ
arjefm-1194	384	15	management	management	NOUN
arjefm-1194	384	16	volume	volume	NOUN
arjefm-1194	384	17	13	13	NUM
arjefm-1194	384	18	issue	issue	NOUN
arjefm-1194	384	19	1	1	NUM
arjefm-1194	384	20	,	,	PUNCT
arjefm-1194	384	21	january	january	PROPN
arjefm-1194	384	22	-march	-march	PROPN
arjefm-1194	384	23	2025	2025	NUM
arjefm-1194	384	24	issn	issn	NOUN
arjefm-1194	384	25	:	:	PUNCT
arjefm-1194	384	26	2836	2836	NUM
arjefm-1194	384	27	-	-	SYM
arjefm-1194	384	28	9416	9416	NUM
arjefm-1194	384	29	impact	impact	NOUN
arjefm-1194	384	30	factor	factor	NOUN
arjefm-1194	384	31	:	:	PUNCT
arjefm-1194	384	32	6.41	6.41	NUM
arjefm-1194	384	33	journal	journal	NOUN
arjefm-1194	384	34	homepage	homepage	NOUN
arjefm-1194	384	35	:	:	PUNCT
arjefm-1194	384	36	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1194	384	37	,	,	PUNCT
arjefm-1194	384	38	email	email	NOUN
arjefm-1194	384	39	:	:	PUNCT
arjefm-1194	384	40	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1194	384	41	official	official	ADJ
arjefm-1194	384	42	journal	journal	PROPN
arjefm-1194	384	43	of	of	ADP
arjefm-1194	384	44	america	america	PROPN
arjefm-1194	384	45	serial	serial	PROPN
arjefm-1194	384	46	publication	publication	NOUN
arjefm-1194	384	47	american	american	PROPN
arjefm-1194	384	48	research	research	PROPN
arjefm-1194	384	49	journal	journal	PROPN
arjefm-1194	384	50	of	of	ADP
arjefm-1194	384	51	economics	economic	NOUN
arjefm-1194	384	52	,	,	PUNCT
arjefm-1194	384	53	finance	finance	NOUN
arjefm-1194	384	54	and	and	CCONJ
arjefm-1194	384	55	management	management	NOUN
arjefm-1194	384	56	https://americaserial.com/journals/index.php/	https://americaserial.com/journals/index.php/	PROPN
arjefm-1194	384	57	arjefm	arjefm	PROPN
arjefm-1194	384	58	,	,	PUNCT
arjefm-1194	384	59	email	email	NOUN
arjefm-1194	384	60	:	:	PUNCT
arjefm-1194	384	61	contact@americaserial.com	contact@americaserial.com	X
arjefm-1194	384	62	231	231	NUM
arjefm-1194	385	1	|	|	ADV
arjefm-1194	385	2	p	p	X
arjefm-1194	385	3	a	a	DET
arjefm-1194	385	4	g	g	PROPN
arjefm-1194	385	5	e	e	PROPN
arjefm-1194	385	6	kauffman	kauffman	PROPN
arjefm-1194	385	7	,	,	PUNCT
arjefm-1194	385	8	r.	r.	PROPN
arjefm-1194	385	9	j.	j.	PROPN
arjefm-1194	385	10	,	,	PUNCT
arjefm-1194	385	11	&	&	CCONJ
arjefm-1194	385	12	lee	lee	PROPN
arjefm-1194	385	13	,	,	PUNCT
arjefm-1194	385	14	s.	s.	PROPN
arjefm-1194	385	15	y.	y.	PROPN
arjefm-1194	385	16	(	(	PUNCT
arjefm-1194	385	17	2019	2019	NUM
arjefm-1194	385	18	)	)	PUNCT
arjefm-1194	385	19	.	.	PUNCT
arjefm-1194	386	1	risk	risk	NOUN
arjefm-1194	386	2	and	and	CCONJ
arjefm-1194	386	3	return	return	VERB
arjefm-1194	386	4	in	in	ADP
arjefm-1194	386	5	venture	venture	NOUN
arjefm-1194	386	6	capital	capital	NOUN
arjefm-1194	386	7	financing	financing	NOUN
arjefm-1194	386	8	:	:	PUNCT
arjefm-1194	386	9	a	a	DET
arjefm-1194	386	10	comparative	comparative	ADJ
arjefm-1194	386	11	analysis	analysis	NOUN
arjefm-1194	386	12	.	.	PUNCT
arjefm-1194	387	1	journal	journal	NOUN
arjefm-1194	387	2	of	of	ADP
arjefm-1194	387	3	business	business	NOUN
arjefm-1194	387	4	venturing	venturing	NOUN
arjefm-1194	387	5	,	,	PUNCT
arjefm-1194	387	6	34(4	34(4	NUM
arjefm-1194	387	7	)	)	PUNCT
arjefm-1194	387	8	,	,	PUNCT
arjefm-1194	387	9	681–695	681–695	NUM
arjefm-1194	387	10	.	.	PUNCT
arjefm-1194	388	1	https://doi.org/10.1016/j.jbusvent.2018.12.003	https://doi.org/10.1016/j.jbusvent.2018.12.003	PROPN
arjefm-1194	388	2	mcpeak	mcpeak	PROPN
arjefm-1194	388	3	,	,	PUNCT
arjefm-1194	388	4	m.	m.	NOUN
arjefm-1194	388	5	(	(	PUNCT
arjefm-1194	388	6	2023	2023	NUM
arjefm-1194	388	7	)	)	PUNCT
arjefm-1194	388	8	.	.	PUNCT
arjefm-1194	389	1	trends	trend	NOUN
arjefm-1194	389	2	in	in	ADP
arjefm-1194	389	3	sme	sme	ADJ
arjefm-1194	389	4	financing	financing	NOUN
arjefm-1194	389	5	:	:	PUNCT
arjefm-1194	389	6	the	the	DET
arjefm-1194	389	7	role	role	NOUN
arjefm-1194	389	8	of	of	ADP
arjefm-1194	389	9	technology	technology	NOUN
arjefm-1194	389	10	and	and	CCONJ
arjefm-1194	389	11	innovation	innovation	NOUN
arjefm-1194	389	12	.	.	PUNCT
arjefm-1194	390	1	sme	sme	PROPN
arjefm-1194	390	2	financing	financing	PROPN
arjefm-1194	390	3	review	review	PROPN
arjefm-1194	390	4	,	,	PUNCT
arjefm-1194	390	5	14(3	14(3	NUM
arjefm-1194	390	6	)	)	PUNCT
arjefm-1194	390	7	,	,	PUNCT
arjefm-1194	390	8	22–30	22–30	NUM
arjefm-1194	390	9	.	.	PUNCT
arjefm-1194	391	1	mboto	mboto	PROPN
arjefm-1194	391	2	,	,	PUNCT
arjefm-1194	391	3	h.	h.	PROPN
arjefm-1194	391	4	w.	w.	PROPN
arjefm-1194	391	5	,	,	PUNCT
arjefm-1194	391	6	offiong	offiong	PROPN
arjefm-1194	391	7	,	,	PUNCT
arjefm-1194	391	8	a.	a.	NOUN
arjefm-1194	391	9	i.	i.	PROPN
arjefm-1194	391	10	,	,	PUNCT
arjefm-1194	391	11	&	&	CCONJ
arjefm-1194	391	12	udoka	udoka	PROPN
arjefm-1194	391	13	,	,	PUNCT
arjefm-1194	391	14	c.	c.	PROPN
arjefm-1194	391	15	o.	o.	PROPN
arjefm-1194	391	16	(	(	PUNCT
arjefm-1194	391	17	2018	2018	NUM
arjefm-1194	391	18	)	)	PUNCT
arjefm-1194	391	19	.	.	PUNCT
arjefm-1194	392	1	the	the	DET
arjefm-1194	392	2	effect	effect	NOUN
arjefm-1194	392	3	of	of	ADP
arjefm-1194	392	4	smes	sme	NOUN
arjefm-1194	392	5	financing	financing	NOUN
arjefm-1194	392	6	on	on	ADP
arjefm-1194	392	7	economic	economic	ADJ
arjefm-1194	392	8	development	development	NOUN
arjefm-1194	392	9	of	of	ADP
arjefm-1194	392	10	nigeria	nigeria	PROPN
arjefm-1194	392	11	.	.	PUNCT
arjefm-1194	393	1	international	international	ADJ
arjefm-1194	393	2	journal	journal	PROPN
arjefm-1194	393	3	of	of	ADP
arjefm-1194	393	4	advanced	advanced	ADJ
arjefm-1194	393	5	studies	study	NOUN
arjefm-1194	393	6	in	in	ADP
arjefm-1194	393	7	economics	economic	NOUN
arjefm-1194	393	8	and	and	CCONJ
arjefm-1194	393	9	public	public	ADJ
arjefm-1194	393	10	sector	sector	NOUN
arjefm-1194	393	11	management	management	NOUN
arjefm-1194	393	12	,	,	PUNCT
arjefm-1194	393	13	6(1	6(1	NUM
arjefm-1194	393	14	)	)	PUNCT
arjefm-1194	393	15	,	,	PUNCT
arjefm-1194	394	1	87–101	87–101	PROPN
arjefm-1194	394	2	.	.	PUNCT
arjefm-1194	394	3	mayani	mayani	PROPN
arjefm-1194	394	4	,	,	PUNCT
arjefm-1194	394	5	o.	o.	PROPN
arjefm-1194	394	6	(	(	PUNCT
arjefm-1194	394	7	2014	2014	NUM
arjefm-1194	394	8	)	)	PUNCT
arjefm-1194	394	9	.	.	PUNCT
arjefm-1194	395	1	an	an	DET
arjefm-1194	395	2	investigation	investigation	NOUN
arjefm-1194	395	3	into	into	ADP
arjefm-1194	395	4	venture	venture	NOUN
arjefm-1194	395	5	financing	financing	NOUN
arjefm-1194	395	6	:	:	PUNCT
arjefm-1194	395	7	a	a	DET
arjefm-1194	395	8	case	case	NOUN
arjefm-1194	395	9	study	study	NOUN
arjefm-1194	395	10	on	on	ADP
arjefm-1194	395	11	small	small	ADJ
arjefm-1194	395	12	to	to	PART
arjefm-1194	395	13	medium	medium	ADJ
arjefm-1194	395	14	scale	scale	NOUN
arjefm-1194	395	15	enterprises	enterprise	NOUN
arjefm-1194	395	16	in	in	ADP
arjefm-1194	395	17	bindura	bindura	PROPN
arjefm-1194	395	18	urban	urban	ADJ
arjefm-1194	395	19	,	,	PUNCT
arjefm-1194	395	20	zimbabwe	zimbabwe	PROPN
arjefm-1194	395	21	.	.	PUNCT
arjefm-1194	395	22	elite	elite	ADJ
arjefm-1194	395	23	research	research	PROPN
arjefm-1194	395	24	journal	journal	NOUN
arjefm-1194	395	25	of	of	ADP
arjefm-1194	395	26	accounting	accounting	NOUN
arjefm-1194	395	27	and	and	CCONJ
arjefm-1194	395	28	business	business	NOUN
arjefm-1194	395	29	management	management	NOUN
arjefm-1194	395	30	,	,	PUNCT
arjefm-1194	395	31	2(2	2(2	NUM
arjefm-1194	395	32	)	)	PUNCT
arjefm-1194	395	33	,	,	PUNCT
arjefm-1194	395	34	10–25	10–25	NUM
arjefm-1194	395	35	.	.	PUNCT
arjefm-1194	395	36	memba	memba	NOUN
arjefm-1194	395	37	,	,	PUNCT
arjefm-1194	395	38	f.	f.	PROPN
arjefm-1194	395	39	s.	s.	PROPN
arjefm-1194	395	40	(	(	PUNCT
arjefm-1194	395	41	2012	2012	NUM
arjefm-1194	395	42	)	)	PUNCT
arjefm-1194	395	43	.	.	PUNCT
arjefm-1194	396	1	the	the	DET
arjefm-1194	396	2	impact	impact	NOUN
arjefm-1194	396	3	of	of	ADP
arjefm-1194	396	4	venture	venture	NOUN
arjefm-1194	396	5	capital	capital	NOUN
arjefm-1194	396	6	finance	finance	NOUN
arjefm-1194	396	7	on	on	ADP
arjefm-1194	396	8	performance	performance	NOUN
arjefm-1194	396	9	of	of	ADP
arjefm-1194	396	10	small	small	ADJ
arjefm-1194	396	11	and	and	CCONJ
arjefm-1194	396	12	medium	medium	ADJ
arjefm-1194	396	13	enterprises	enterprise	NOUN
arjefm-1194	396	14	in	in	ADP
arjefm-1194	396	15	kenya	kenya	PROPN
arjefm-1194	396	16	.	.	PUNCT
arjefm-1194	397	1	jkuat	jkuat	PROPN
arjefm-1194	397	2	digital	digital	PROPN
arjefm-1194	397	3	repository	repository	NOUN
arjefm-1194	397	4	.	.	PUNCT
arjefm-1194	398	1	retrieved	retrieve	VERB
arjefm-1194	398	2	from	from	ADP
arjefm-1194	398	3	http://ir.jkuat.ac.ke/bitstream/handle/123456789/1772/memba%2c%20florence%20sigara	http://ir.jkuat.ac.ke/bitstream/handle/123456789/1772/memba%2c%20florence%20sigara	PROPN
arjefm-1194	398	4	%	%	PROPN
arjefm-1194	398	5	20-%20phd%20entrepreneurship-2011.pdf?sequence=1&isallowed	20-%20phd%20entrepreneurship-2011.pdf?sequence=1&isallowed	NUM
arjefm-1194	398	6	=	=	PROPN
arjefm-1194	398	7	y	y	PROPN
arjefm-1194	398	8	nigeria	nigeria	NOUN
arjefm-1194	398	9	corporate	corporate	ADJ
arjefm-1194	398	10	finance	finance	NOUN
arjefm-1194	398	11	.	.	PUNCT
arjefm-1194	399	1	(	(	PUNCT
arjefm-1194	399	2	2024	2024	NUM
arjefm-1194	399	3	)	)	PUNCT
arjefm-1194	399	4	.	.	PUNCT
arjefm-1194	400	1	sme	sme	NOUN
arjefm-1194	400	2	growth	growth	NOUN
arjefm-1194	400	3	and	and	CCONJ
arjefm-1194	400	4	corporate	corporate	ADJ
arjefm-1194	400	5	finance	finance	NOUN
arjefm-1194	400	6	in	in	ADP
arjefm-1194	400	7	nigeria	nigeria	PROPN
arjefm-1194	400	8	:	:	PUNCT
arjefm-1194	400	9	a	a	DET
arjefm-1194	400	10	report	report	NOUN
arjefm-1194	400	11	.	.	PUNCT
arjefm-1194	401	1	nigeria	nigeria	PROPN
arjefm-1194	401	2	corporate	corporate	ADJ
arjefm-1194	401	3	finance	finance	NOUN
arjefm-1194	401	4	.	.	PUNCT
arjefm-1194	402	1	ojo	ojo	PROPN
arjefm-1194	402	2	,	,	PUNCT
arjefm-1194	402	3	j.	j.	PROPN
arjefm-1194	402	4	a.	a.	PROPN
arjefm-1194	402	5	t.	t.	PROPN
arjefm-1194	402	6	,	,	PUNCT
arjefm-1194	402	7	&	&	CCONJ
arjefm-1194	402	8	adegboye	adegboye	PROPN
arjefm-1194	402	9	,	,	PUNCT
arjefm-1194	402	10	m.	m.	NOUN
arjefm-1194	402	11	(	(	PUNCT
arjefm-1194	402	12	2020	2020	NUM
arjefm-1194	402	13	)	)	PUNCT
arjefm-1194	402	14	.	.	PUNCT
arjefm-1194	403	1	venture	venture	NOUN
arjefm-1194	403	2	capital	capital	NOUN
arjefm-1194	403	3	financing	financing	NOUN
arjefm-1194	403	4	and	and	CCONJ
arjefm-1194	403	5	the	the	DET
arjefm-1194	403	6	growth	growth	NOUN
arjefm-1194	403	7	of	of	ADP
arjefm-1194	403	8	small	small	ADJ
arjefm-1194	403	9	and	and	CCONJ
arjefm-1194	403	10	medium	medium	ADJ
arjefm-1194	403	11	enterprises	enterprise	NOUN
arjefm-1194	403	12	in	in	ADP
arjefm-1194	403	13	nigeria	nigeria	PROPN
arjefm-1194	403	14	.	.	PUNCT
arjefm-1194	404	1	nigerian	nigerian	PROPN
arjefm-1194	404	2	journal	journal	PROPN
arjefm-1194	404	3	of	of	ADP
arjefm-1194	404	4	economic	economic	ADJ
arjefm-1194	404	5	and	and	CCONJ
arjefm-1194	404	6	social	social	ADJ
arjefm-1194	404	7	studies	study	NOUN
arjefm-1194	404	8	,	,	PUNCT
arjefm-1194	404	9	62(3	62(3	NOUN
arjefm-1194	404	10	)	)	PUNCT
arjefm-1194	404	11	,	,	PUNCT
arjefm-1194	404	12	45–60	45–60	PROPN
arjefm-1194	404	13	.	.	PUNCT
arjefm-1194	405	1	olaniyi	olaniyi	PROPN
arjefm-1194	405	2	,	,	PUNCT
arjefm-1194	405	3	a.	a.	NOUN
arjefm-1194	405	4	,	,	PUNCT
arjefm-1194	405	5	&	&	CCONJ
arjefm-1194	405	6	olayemi	olayemi	PROPN
arjefm-1194	405	7	,	,	PUNCT
arjefm-1194	405	8	t.	t.	PROPN
arjefm-1194	405	9	(	(	PUNCT
arjefm-1194	405	10	2020	2020	NUM
arjefm-1194	405	11	)	)	PUNCT
arjefm-1194	405	12	.	.	PUNCT
arjefm-1194	406	1	smes	sme	NOUN
arjefm-1194	406	2	and	and	CCONJ
arjefm-1194	406	3	venture	venture	PROPN
arjefm-1194	406	4	capital	capital	NOUN
arjefm-1194	406	5	:	:	PUNCT
arjefm-1194	406	6	nigeria	nigeria	PROPN
arjefm-1194	406	7	's	's	PART
arjefm-1194	406	8	case	case	NOUN
arjefm-1194	406	9	.	.	PUNCT
arjefm-1194	407	1	international	international	ADJ
arjefm-1194	407	2	journal	journal	PROPN
arjefm-1194	407	3	of	of	ADP
arjefm-1194	407	4	sme	sme	PROPN
arjefm-1194	407	5	development	development	PROPN
arjefm-1194	407	6	.	.	PUNCT
arjefm-1194	408	1	organisation	organisation	NOUN
arjefm-1194	408	2	for	for	ADP
arjefm-1194	408	3	economic	economic	ADJ
arjefm-1194	408	4	co	co	NOUN
arjefm-1194	408	5	-	-	NOUN
arjefm-1194	408	6	operation	operation	NOUN
arjefm-1194	408	7	and	and	CCONJ
arjefm-1194	408	8	development	development	NOUN
arjefm-1194	408	9	(	(	PUNCT
arjefm-1194	408	10	oecd	oecd	PROPN
arjefm-1194	408	11	)	)	PUNCT
arjefm-1194	408	12	.	.	PUNCT
arjefm-1194	409	1	(	(	PUNCT
arjefm-1194	409	2	2021	2021	NUM
arjefm-1194	409	3	)	)	PUNCT
arjefm-1194	409	4	.	.	PUNCT
arjefm-1194	410	1	sme	sme	NOUN
arjefm-1194	410	2	and	and	CCONJ
arjefm-1194	410	3	entrepreneurship	entrepreneurship	NOUN
arjefm-1194	410	4	outlook	outlook	NOUN
arjefm-1194	410	5	2021	2021	NUM
arjefm-1194	410	6	.	.	PUNCT
arjefm-1194	411	1	oecd	oecd	PROPN
arjefm-1194	411	2	publishing	publishing	PROPN
arjefm-1194	411	3	.	.	PUNCT
arjefm-1194	412	1	https://doi.org/10.1787/34907e9c-en	https://doi.org/10.1787/34907e9c-en	PROPN
arjefm-1194	412	2	pwc	pwc	PROPN
arjefm-1194	412	3	’s	’s	PART
arjefm-1194	412	4	msme	msme	PROPN
arjefm-1194	412	5	survey	survey	NOUN
arjefm-1194	412	6	2020	2020	NUM
arjefm-1194	412	7	–	–	PUNCT
arjefm-1194	412	8	building	build	VERB
arjefm-1194	412	9	to	to	PART
arjefm-1194	412	10	last	last	VERB
arjefm-1194	412	11	.	.	PUNCT
arjefm-1194	413	1	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	PROPN
arjefm-1194	413	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
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arjefm-1194	414	13	management	management	NOUN
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arjefm-1194	414	25	-	-	SYM
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arjefm-1194	414	37	:	:	PUNCT
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arjefm-1194	414	40	journal	journal	PROPN
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arjefm-1194	414	45	american	american	PROPN
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arjefm-1194	414	47	journal	journal	PROPN
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arjefm-1194	414	50	,	,	PUNCT
arjefm-1194	414	51	finance	finance	NOUN
arjefm-1194	414	52	and	and	CCONJ
arjefm-1194	414	53	management	management	NOUN
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arjefm-1194	414	56	,	,	PUNCT
arjefm-1194	414	57	email	email	NOUN
arjefm-1194	414	58	:	:	PUNCT
arjefm-1194	414	59	contact@americaserial.com	contact@americaserial.com	X
arjefm-1194	415	1	232	232	NUM
arjefm-1194	416	1	|	|	ADV
arjefm-1194	416	2	p	p	X
arjefm-1194	416	3	a	a	DET
arjefm-1194	416	4	g	g	NOUN
arjefm-1194	416	5	e	e	NOUN
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arjefm-1194	416	7	,	,	PUNCT
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arjefm-1194	416	10	(	(	PUNCT
arjefm-1194	416	11	2011	2011	NUM
arjefm-1194	416	12	)	)	PUNCT
arjefm-1194	416	13	.	.	PUNCT
arjefm-1194	417	1	entrepreneurship	entrepreneurship	NOUN
arjefm-1194	417	2	theories	theory	NOUN
arjefm-1194	417	3	and	and	CCONJ
arjefm-1194	417	4	empirical	empirical	ADJ
arjefm-1194	417	5	research	research	NOUN
arjefm-1194	417	6	:	:	PUNCT
arjefm-1194	417	7	a	a	DET
arjefm-1194	417	8	summary	summary	NOUN
arjefm-1194	417	9	review	review	NOUN
arjefm-1194	417	10	of	of	ADP
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arjefm-1194	417	12	literature	literature	NOUN
arjefm-1194	417	13	.	.	PUNCT
arjefm-1194	418	1	european	european	PROPN
arjefm-1194	418	2	journal	journal	PROPN
arjefm-1194	418	3	of	of	ADP
arjefm-1194	418	4	business	business	NOUN
arjefm-1194	418	5	and	and	CCONJ
arjefm-1194	418	6	management	management	NOUN
arjefm-1194	418	7	,	,	PUNCT
arjefm-1194	418	8	3(6	3(6	NUM
arjefm-1194	418	9	)	)	PUNCT
arjefm-1194	418	10	,	,	PUNCT
arjefm-1194	418	11	1–8	1–8	X
arjefm-1194	418	12	.	.	PUNCT
arjefm-1194	418	13	small	small	ADJ
arjefm-1194	418	14	and	and	CCONJ
arjefm-1194	418	15	medium	medium	ADJ
arjefm-1194	418	16	enterprises	enterprise	NOUN
arjefm-1194	418	17	development	development	NOUN
arjefm-1194	418	18	agency	agency	PROPN
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arjefm-1194	418	23	)	)	PUNCT
arjefm-1194	418	24	.	.	PUNCT
arjefm-1194	419	1	(	(	PUNCT
arjefm-1194	419	2	2020	2020	NUM
arjefm-1194	419	3	)	)	PUNCT
arjefm-1194	419	4	.	.	PUNCT
arjefm-1194	420	1	msme	msme	PROPN
arjefm-1194	420	2	survey	survey	PROPN
arjefm-1194	420	3	report	report	NOUN
arjefm-1194	420	4	2020	2020	NUM
arjefm-1194	420	5	.	.	PUNCT
arjefm-1194	421	1	smedan	smedan	ADJ
arjefm-1194	421	2	.	.	PUNCT
arjefm-1194	422	1	https://smedan.gov.ng	https://smedan.gov.ng	PROPN
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arjefm-1194	422	3	,	,	PUNCT
arjefm-1194	422	4	u.	u.	PROPN
arjefm-1194	422	5	,	,	PUNCT
arjefm-1194	422	6	&	&	CCONJ
arjefm-1194	422	7	achugbu	achugbu	PROPN
arjefm-1194	422	8	,	,	PUNCT
arjefm-1194	422	9	(	(	PUNCT
arjefm-1194	422	10	2017	2017	NUM
arjefm-1194	422	11	)	)	PUNCT
arjefm-1194	422	12	.	.	PUNCT
arjefm-1194	423	1	venture	venture	NOUN
arjefm-1194	423	2	capital	capital	NOUN
arjefm-1194	423	3	financing	financing	NOUN
arjefm-1194	423	4	for	for	ADP
arjefm-1194	423	5	innovative	innovative	ADJ
arjefm-1194	423	6	start	start	NOUN
arjefm-1194	423	7	-	-	PUNCT
arjefm-1194	423	8	up	up	ADP
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arjefm-1194	423	11	nigeria	nigeria	PROPN
arjefm-1194	423	12	.	.	PUNCT
arjefm-1194	424	1	texila	texila	PROPN
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arjefm-1194	424	3	journal	journal	PROPN
arjefm-1194	424	4	of	of	ADP
arjefm-1194	424	5	management	management	NOUN
arjefm-1194	424	6	,	,	PUNCT
arjefm-1194	424	7	3(2	3(2	NUM
arjefm-1194	424	8	)	)	PUNCT
arjefm-1194	424	9	,	,	PUNCT
arjefm-1194	424	10	1–12	1–12	NOUN
arjefm-1194	424	11	.	.	PUNCT
arjefm-1194	425	1	usman	usman	PROPN
arjefm-1194	425	2	,	,	PUNCT
arjefm-1194	425	3	i.	i.	PROPN
arjefm-1194	425	4	,	,	PUNCT
arjefm-1194	425	5	&	&	CCONJ
arjefm-1194	425	6	tanko	tanko	PROPN
arjefm-1194	425	7	,	,	PUNCT
arjefm-1194	425	8	m.	m.	NOUN
arjefm-1194	425	9	(	(	PUNCT
arjefm-1194	425	10	2018	2018	NUM
arjefm-1194	425	11	)	)	PUNCT
arjefm-1194	425	12	.	.	PUNCT
arjefm-1194	426	1	the	the	DET
arjefm-1194	426	2	impact	impact	NOUN
arjefm-1194	426	3	of	of	ADP
arjefm-1194	426	4	smes	sme	NOUN
arjefm-1194	426	5	on	on	ADP
arjefm-1194	426	6	economic	economic	ADJ
arjefm-1194	426	7	growth	growth	NOUN
arjefm-1194	426	8	in	in	ADP
arjefm-1194	426	9	nigeria	nigeria	PROPN
arjefm-1194	426	10	.	.	PUNCT
arjefm-1194	427	1	journal	journal	PROPN
arjefm-1194	427	2	of	of	ADP
arjefm-1194	427	3	finance	finance	NOUN
arjefm-1194	427	4	and	and	CCONJ
arjefm-1194	427	5	accounting	accounting	NOUN
arjefm-1194	427	6	,	,	PUNCT
arjefm-1194	427	7	6(1	6(1	NUM
arjefm-1194	427	8	)	)	PUNCT
arjefm-1194	427	9	,	,	PUNCT
arjefm-1194	427	10	50–56	50–56	NUM
arjefm-1194	427	11	.	.	PUNCT
arjefm-1194	428	1	https://doi.org/10.11648/j.jfa.20180601.15	https://doi.org/10.11648/j.jfa.20180601.15	PROPN
arjefm-1194	428	2	wernerfelt	wernerfelt	PROPN
arjefm-1194	428	3	,	,	PUNCT
arjefm-1194	428	4	b.	b.	PROPN
arjefm-1194	428	5	(	(	PUNCT
arjefm-1194	428	6	1984	1984	NUM
arjefm-1194	428	7	)	)	PUNCT
arjefm-1194	428	8	.	.	PUNCT
arjefm-1194	429	1	a	a	DET
arjefm-1194	429	2	resource	resource	NOUN
arjefm-1194	429	3	-	-	PUNCT
arjefm-1194	429	4	based	base	VERB
arjefm-1194	429	5	view	view	NOUN
arjefm-1194	429	6	of	of	ADP
arjefm-1194	429	7	the	the	DET
arjefm-1194	429	8	firm	firm	NOUN
arjefm-1194	429	9	.	.	PUNCT
arjefm-1194	430	1	strategic	strategic	ADJ
arjefm-1194	430	2	management	management	NOUN
arjefm-1194	430	3	journal	journal	NOUN
arjefm-1194	430	4	,	,	PUNCT
arjefm-1194	430	5	5(2	5(2	NUM
arjefm-1194	430	6	)	)	PUNCT
arjefm-1194	430	7	,	,	PUNCT
arjefm-1194	430	8	171–180	171–180	NUM
arjefm-1194	430	9	.	.	PUNCT
arjefm-1194	431	1	https://doi.org/10.1002/smj.4250050207	https://doi.org/10.1002/smj.4250050207	PROPN
arjefm-1194	431	2	world	world	PROPN
arjefm-1194	431	3	bank	bank	PROPN
arjefm-1194	431	4	.	.	PUNCT
arjefm-1194	432	1	(	(	PUNCT
arjefm-1194	432	2	2020	2020	NUM
arjefm-1194	432	3	)	)	PUNCT
arjefm-1194	432	4	.	.	PUNCT
arjefm-1194	433	1	world	world	NOUN
arjefm-1194	433	2	development	development	NOUN
arjefm-1194	433	3	indicators	indicator	NOUN
arjefm-1194	433	4	2020	2020	NUM
arjefm-1194	433	5	.	.	PUNCT
arjefm-1194	434	1	the	the	DET
arjefm-1194	434	2	world	world	PROPN
arjefm-1194	434	3	bank	bank	PROPN
arjefm-1194	434	4	.	.	PUNCT
arjefm-1194	435	1	https://data.worldbank.org	https://data.worldbank.org	PROPN
arjefm-1194	435	2	yap	yap	PROPN
arjefm-1194	435	3	,	,	PUNCT
arjefm-1194	435	4	h.	h.	PROPN
arjefm-1194	435	5	s.	s.	PROPN
arjefm-1194	435	6	(	(	PUNCT
arjefm-1194	435	7	2009	2009	NUM
arjefm-1194	435	8	)	)	PUNCT
arjefm-1194	435	9	.	.	PUNCT
arjefm-1194	436	1	venture	venture	NOUN
arjefm-1194	436	2	capital	capital	PROPN
arjefm-1194	436	3	firm	firm	NOUN
arjefm-1194	436	4	's	's	PART
arjefm-1194	436	5	reputation	reputation	NOUN
arjefm-1194	436	6	effect	effect	NOUN
arjefm-1194	436	7	on	on	ADP
arjefm-1194	436	8	its	its	PRON
arjefm-1194	436	9	start	start	VERB
arjefm-1194	436	10	-	-	PUNCT
arjefm-1194	436	11	up	up	ADP
arjefm-1194	436	12	company	company	NOUN
arjefm-1194	436	13	's	's	PART
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arjefm-1194	436	15	-	-	PUNCT
arjefm-1194	436	16	term	term	NOUN
arjefm-1194	436	17	operating	operating	NOUN
arjefm-1194	436	18	performance	performance	NOUN
arjefm-1194	436	19	and	and	CCONJ
arjefm-1194	436	20	survivorship	survivorship	NOUN
arjefm-1194	436	21	(	(	PUNCT
arjefm-1194	436	22	unpublished	unpublished	ADJ
arjefm-1194	436	23	master	master	NOUN
arjefm-1194	436	24	's	's	PART
arjefm-1194	436	25	thesis	thesis	NOUN
arjefm-1194	436	26	)	)	PUNCT
arjefm-1194	436	27	.	.	PUNCT
arjefm-1194	437	1	singapore	singapore	PROPN
arjefm-1194	437	2	management	management	PROPN
arjefm-1194	437	3	university	university	PROPN
arjefm-1194	437	4	.	.	PUNCT
arjefm-1194	438	1	zhang	zhang	PROPN
arjefm-1194	438	2	,	,	PUNCT
arjefm-1194	438	3	j.	j.	PROPN
arjefm-1194	438	4	,	,	PUNCT
arjefm-1194	438	5	&	&	CCONJ
arjefm-1194	438	6	jang	jang	PROPN
arjefm-1194	438	7	,	,	PUNCT
arjefm-1194	438	8	s.	s.	PROPN
arjefm-1194	438	9	(	(	PUNCT
arjefm-1194	438	10	2020	2020	NUM
arjefm-1194	438	11	)	)	PUNCT
arjefm-1194	438	12	.	.	PUNCT
arjefm-1194	439	1	venture	venture	NOUN
arjefm-1194	439	2	capital	capital	NOUN
arjefm-1194	439	3	investment	investment	NOUN
arjefm-1194	439	4	and	and	CCONJ
arjefm-1194	439	5	entrepreneurial	entrepreneurial	ADJ
arjefm-1194	439	6	success	success	NOUN
arjefm-1194	439	7	:	:	PUNCT
arjefm-1194	439	8	an	an	DET
arjefm-1194	439	9	empirical	empirical	ADJ
arjefm-1194	439	10	study	study	NOUN
arjefm-1194	439	11	.	.	PUNCT
arjefm-1194	440	1	entrepreneurship	entrepreneurship	NOUN
arjefm-1194	440	2	theory	theory	NOUN
arjefm-1194	440	3	and	and	CCONJ
arjefm-1194	440	4	practice	practice	NOUN
arjefm-1194	440	5	,	,	PUNCT
arjefm-1194	440	6	44(5	44(5	NOUN
arjefm-1194	440	7	)	)	PUNCT
arjefm-1194	440	8	,	,	PUNCT
arjefm-1194	440	9	946–965	946–965	NUM
arjefm-1194	440	10	.	.	PUNCT
arjefm-1194	441	1	https://doi.org/10.1177/1042258719874106	https://doi.org/10.1177/1042258719874106	X
arjefm-1194	441	2	appendices	appendice	VERB
arjefm-1194	441	3	i	i	PRON
arjefm-1194	441	4	year	year	VERB
arjefm-1194	441	5	early	early	ADJ
arjefm-1194	441	6	stage	stage	NOUN
arjefm-1194	441	7	later	later	ADV
arjefm-1194	441	8	stage	stage	NOUN
arjefm-1194	441	9	seed	seed	NOUN
arjefm-1194	441	10	stage	stage	NOUN
arjefm-1194	441	11	total	total	ADJ
arjefm-1194	441	12	venture	venture	NOUN
arjefm-1194	441	13	financing	financing	NOUN
arjefm-1194	441	14	nsme	nsme	ADJ
arjefm-1194	441	15	empr	empr	NOUN
arjefm-1194	441	16	smep	smep	NOUN
arjefm-1194	441	17	2011	2011	NUM
arjefm-1194	441	18	10.2	10.2	NUM
arjefm-1194	441	19	5.2	5.2	NUM
arjefm-1194	441	20	3.5	3.5	NUM
arjefm-1194	441	21	18.9	18.9	NUM
arjefm-1194	441	22	58.133	58.133	NUM
arjefm-1194	441	23	15.61	15.61	NUM
arjefm-1194	441	24	2012	2012	NUM
arjefm-1194	441	25	15.8	15.8	NUM
arjefm-1194	441	26	8.4	8.4	NUM
arjefm-1194	441	27	4.8	4.8	NUM
arjefm-1194	441	28	29	29	NUM
arjefm-1194	441	29	57.845	57.845	NUM
arjefm-1194	441	30	13.86	13.86	NUM
arjefm-1194	441	31	2013	2013	NUM
arjefm-1194	441	32	20.5	20.5	NUM
arjefm-1194	441	33	12.6	12.6	NUM
arjefm-1194	441	34	7.2	7.2	NUM
arjefm-1194	441	35	40.3	40.3	NUM
arjefm-1194	441	36	72838	72838	NUM
arjefm-1194	441	37	57.591	57.591	NUM
arjefm-1194	441	38	15.35	15.35	NUM
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arjefm-1194	442	1	https://smedan.gov.ng/	https://smedan.gov.ng/	PROPN
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arjefm-1194	446	4	30.2	30.2	NUM
arjefm-1194	446	5	18	18	NUM
arjefm-1194	446	6	9.9	9.9	NUM
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arjefm-1194	446	14	11.1	11.1	NUM
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arjefm-1194	446	20	701.5	701.5	NUM
arjefm-1194	446	21	124.1	124.1	NUM
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arjefm-1194	446	24	73081	73081	NUM
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arjefm-1194	446	28	20	20	NUM
arjefm-1194	446	29	0	0	NUM
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