The purpose of this study is to examine how foreign venture capital firms affect the internationalization of investee ventures and their performance. The author argues that, as influential stakeholders, foreign venture capital (VC) firms engage in strategic decisions of investee ventures and may positively contribute to ventures’ business in foreign markets.
The study examines 551 VC-backed ventures that went public between 2000 and 2014 in the US. Logistic regressions an…
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