Human capital and the internationalization of venture capital firms
AbstractWe examine the neglected area of internationalisation by VCs. Using a representative sample of 195 VCs, we show that the decision of a European VC firm to invest internationally is driven by its human resources. Having more VC executives in general and more VC executives with previous international experience in specific, results in a higher probability of investing internationally. In contrast, more VC executives with experience in the VC industry or with an engineering background lead to a higher probability of remaining domestic.
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Bibliographic InfoPaper provided by Vlerick Leuven Gent Management School in its series Vlerick Leuven Gent Management School Working Paper Series with number 2006-01.
Length: 27 pages
Date of creation: 12 Feb 2006
Date of revision:
Other versions of this item:
- S. Manigart & V. Collewaert & M. Wright & S. Pruthi & A. Lockett & H. Bruining & U. Hommel & H. Landstrom, 2006. "Human capital and the internationalization of venture capital firms," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 06/363, Ghent University, Faculty of Economics and Business Administration.
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