Human Capital and the Internationalisation of Venture Capital Firms

Research output: Contribution to journalArticle

Abstract

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.

Details

Authors
  • S. Manigart
  • V. Collewaert
  • M. Wright
  • S. Pruthi
  • A. Lockett
  • H. Bruning
  • U. Hommel
  • Hans Landström
Organisations
Research areas and keywords

Subject classification (UKÄ) – MANDATORY

  • Social Sciences Interdisciplinary

Keywords

  • Venture capital, Internationalisation, Human capital
Original languageEnglish
Pages (from-to)109-125
JournalInternational Entrepreneurship and Management Journal
Volume3
Issue number1
Publication statusPublished - 2007
Publication categoryResearch
Peer-reviewedYes

Bibliographic note

109-125