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New venture internationalization: The role of venture capital types and reputation

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  • Park, Sarah
  • LiPuma, Joseph A.

Abstract

This study examines how different types of venture capital relate to new venture internationalization. Using a sample of 646 U.S. new ventures that executed IPOs between 1995 and 2010, we find that ventures with foreign or corporate venture capital have higher levels of international intensity. We also investigate the moderating role of VC reputation on the relationship between foreign venture capital and international intensity and corporate venture capital and international intensity. Our results suggest that VC reputation weakens the positive relationship between corporate VC and international intensity.

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  • Park, Sarah & LiPuma, Joseph A., 2020. "New venture internationalization: The role of venture capital types and reputation," Journal of World Business, Elsevier, vol. 55(1).
    • Handle: RePEc:eee:worbus:v:55:y:2020:i:1:s1090951618303468
    DOI: 10.1016/j.jwb.2019.101025
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