Human Capital and the Internationalisation of Venture Capital Firms

Research output: Contribution to journalArticle


title = "Human Capital and the Internationalisation of Venture Capital Firms",
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.",
keywords = "Venture capital, Internationalisation, Human capital",
author = "S. Manigart and V. Collewaert and M. Wright and S. Pruthi and A. Lockett and H. Bruning and U. Hommel and Hans Landstr{\"o}m",
note = "109-125",
year = "2007",
doi = "10.1007/s11365-006-0021-0",
language = "English",
volume = "3",
pages = "109--125",
journal = "International Entrepreneurship and Management Journal",
issn = "1554-7191",
publisher = "Springer",
number = "1",