The present research work's major objective lies in investigating the scope of the venture capitalist' cognitive contribution following their financial participation in the company's capital. Conducted on a sample of 70 Tunisian venture capital funded firms, operating up the year 2015, the survey reached findings have proved to reveal well the significant impact this financial intermediation mode appears to have on kindling cognitive resources, in its association with the contractor. Noteworthy, however, is that the cognitive contribution has been discovered to be constrained, in turn, by the venture capital organization's proper ownership structure.

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The major objective lying behind the conduction of the present work lies in investigating the social advantages likely to be brought about by the venture capitalist to the funded firm. More specially, it treats the venturer’s financial contribution as based on a number of human resources management related practices. Overall, the reached results, relevant to a sample involving 150 companies proved to indicate that the financial participation of this mode of financial intermediation turns out to be partially associated with a social contribution. In effect, it has been discovered that a number of the advanced practices, suggested as social contribution relating measures, do not prove to stand as part of the changes targeted by the venture capitalist to take place in a bid to enhance the firm’s social performance, nor were they intended to further improve the added values already achieved. Actually, such a strategy could well reflect some special features characterize the Tunisian venture capital mode of financing.

The present research work is designed to examine the Tunisian corporate case financing strategy as undertaken by the venture capital institutions, on the basis of some criteria applied during the selection process. After discussing the theoretical relationship between the venture capitalist and the entrepreneur, we are advancing an empirical model testing the influence of the venture capitalist’ selection criteria on the acceptance to finance the enterprise. Overall, the study’s reached finding, as conducted on a sample of 41 venture capital companies operating up until the end of the year 2016. In fact, the study have revealed well the significantly impact of certain adopted criteria in relation to the other criteria and it maintains that the venture capitalist’ attitude towards the investment risk.