This paragraph needs revised. Teacher said this "One thing that I am noting is that you are listing these studies 1 by 1. You need to use these studies strategically to assist you in telling your story here. This is not about the studies; this is how the studies support the existence of the problem. Please go back and revise this section."

Here is the paragraph:

Furthermore, Franczak et al. (2023) discusses macro- and micro-level dynamic factors that influence the survival of new ventures in emerging markets. Their research also focuses on various institutional and environmental factors that influence the effectiveness of venture capital in these areas. They argue that because of the mismatch between venture capital practices and the actual local environment, resources are not effectively deployed to support the growth and development of entrepreneurs in different markets. This misalignment is a major factor hindering economic development in emerging markets. They emphasize the role of connections between formal and informal institutions, social norms, and cultural values. These can positively or negatively impact the success of firms and the effectiveness of venture capital investments.