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Venture Capitalists as Catalysts to New Venture Internationalization: The Impact of Their Knowledge and Reputation Resources

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  • Stephanie A. Fernhaber
  • Patricia P. McDougall-Covin

Abstract

Venture Capitalists (VC) play an important role in influencing the strategic direction of the firms in which they invest. The findings of this study reveal that VCs can serve as a catalyst to new venture internationalization through the provision of knowledge and reputation resources. Furthermore, the international knowledge of a VC is more positively related to new venture internationalization when the VC is also reputable.

Suggested Citation

  • Stephanie A. Fernhaber & Patricia P. McDougall-Covin, 2009. "Venture Capitalists as Catalysts to New Venture Internationalization: The Impact of Their Knowledge and Reputation Resources," Entrepreneurship Theory and Practice, , vol. 33(1), pages 277-295, January.
    • Handle: RePEc:sae:entthe:v:33:y:2009:i:1:p:277-295
    DOI: 10.1111/j.1540-6520.2008.00289.x
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