The impact of venture capital funds with foreign limited partners investment on enterprise internationalization: evidence from China

被引：3
|
作者：
Feng, Ting [1 ]
Guo, Lihong [1 ]
Dong, Jianwei [1 ]
Wang, Han [2 ]
机构：
[1] Northwest Univ, Sch Econ & Management, Xian 710127, Peoples R China
[2] Xian Univ Finance & Econ, Sch Business, Xian 710127, Peoples R China
来源：
HELIYON | 2022年 / 8卷 / 12期
基金：
中国国家自然科学基金;
关键词：
Venture capital; Enterprise internationalization; Foreign limited partner; Emerging markets; FIRM;
D O I：
10.1016/j.heliyon.2022.e12281
中图分类号：
O [数理科学和化学]; P [天文学、地球科学]; Q [生物科学]; N [自然科学总论];
学科分类号：
07 ; 0710 ; 09 ;
摘要：
This paper examines the relationship between local venture capital (VC) funds and portfolio enterprise interna-tionalization from the perspective of limited partners (LPs). Based on a sample consist of 581 listed enterprises invested by local VC funds in China during 2009-2021, it's found that, compared to the VC funds invested by local LPs completely (LLP_VC), the VC funds with foreign LP investment (FLP_VC) are more likely to help portfolio enterprises list overseas. If FLP_VC syndicates or act as a major investor, it will have a greater role in promoting the internationalization of enterprises.
引用
收藏
页数：5
相关论文
共 50 条
  • [31] Foreign Investment, Institutional Quality, Public Expenditure, and Activity of Venture Capital Funds in Emerging Market Countries
    Herrera-Echeverri, Hernan
    Haar, Jerry
    Benavides Estevez-Breton, Juan
    [J]. GLOBAL ECONOMY JOURNAL, 2014, 14 (02): : 127 - 162
  • [32] Venture Capital Certification and IPO Underpricing Evidence from China's Growth Enterprise Market
    Cao, Qilin
    Tang, Yingkai
    Yuan, Na
    [J]. CHINESE ECONOMY, 2013, 46 (06) : 50 - 66
  • [33] Venture capital investment, intellectual property rights protection and firm innovation: evidence from China
    Guo, Di
    Jiang, Kun
    [J]. ENTREPRENEURSHIP AND REGIONAL DEVELOPMENT, 2022, 34 (5-6): : 434 - 470
  • [34] Effects of Economic Policy Uncertainty on the Investment Behavior of Venture Capital Institutions: Evidence from China
    Yi, Shiwei
    Liao, Yifan
    Zhang, Qiang
    [J]. COMPLEXITY, 2022, 2022
  • [35] The impact of foreign direct investment on innovation at domestic firms: Evidence from the deregulation of foreign investment in China
    Liu, Yan
    Wang, Xuan
    [J]. CANADIAN JOURNAL OF ECONOMICS-REVUE CANADIENNE D ECONOMIQUE, 2023, 56 (02): : 676 - 718
  • [36] Does fintech facilitate enterprise outward foreign direct investment? Evidence from China
    Fan, Hongzhong
    Wang, Kui
    Hu, Feng
    Zhou, Jing
    Han, Jianfei
    Hu, Yang
    [J]. JOURNAL OF INTERNATIONAL TRADE & ECONOMIC DEVELOPMENT, 2024,
  • [37] Impact of Managerial Reputation and Risk-Taking on Enterprise Innovation Investment From the Perspective of Social Capital: Evidence From China
    Wang, Shuang
    Zhao, Shukuan
    Shao, Dong
    Fan, Xueyuan
    Zhang, Bochen
    [J]. FRONTIERS IN PSYCHOLOGY, 2022, 13
  • [38] Impact of Foreign Direct Investment and Export on Urbanization: Evidence from China
    Chen, Chunlai
    Wu, Yan
    [J]. CHINA & WORLD ECONOMY, 2017, 25 (01) : 71 - 89
  • [39] Impact of cultural trade on foreign direct investment: Evidence from China*
    Li, Chang
    Wang, Chu
    Yang, Lianxing
    Chu, Baoju
    [J]. EMERGING MARKETS REVIEW, 2023, 55
  • [40] Venture capital and technology commercialization: evidence from China
    Zhang, Yongjie
    Meng, Qiaoran
    Liu, Dayong
    [J]. JOURNAL OF TECHNOLOGY TRANSFER, 2024,
12345