Human capital and the internationalisation of venture capital firms

被引:6
|
作者
Manigart S. [1 ,2 ]
Collewaert V. [1 ]
Wright M. [3 ]
Pruthi S. [3 ]
Lockett A. [3 ]
Bruining H. [4 ]
Hommel U. [5 ]
Landstrom H. [6 ]
机构
[1] Ghent University, Ghent
[2] Vlerick Leuven Gent Management School, Louvain
[3] Nottingham University, Business School, Nottingham
[4] Erasmus University Rotterdam, Rotterdam
[5] European Business School, London
[6] Lund University, Lund
关键词
Human capital; Internationalisation; Venture capital;
D O I
10.1007/s11365-006-0021-0
中图分类号
学科分类号
摘要
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. © Springer Science + Business Media, LLC 2007.
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页码:109 / 125
页数:16
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