Human Capital and the Internationalisation of Venture Capital Firms
Publikation/Tidskrift/Serie: International Entrepreneurship and Management Journal
Dokumenttyp: Artikel i tidskrift
We 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.
- Social Sciences Interdisciplinary
- Venture capital
- Human capital
- ISSN: 1554-7191