Human Capital and the Internationalisation of Venture Capital Firms

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Human Capital and the Internationalisation of Venture Capital Firms. / Manigart, S.; Collewaert, V.; Wright, M.; Pruthi, S.; Lockett, A.; Bruning, H.; Hommel, U.; Landström, Hans.

In: International Entrepreneurship and Management Journal, Vol. 3, No. 1, 2007, p. 109-125.

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Manigart, S, Collewaert, V, Wright, M, Pruthi, S, Lockett, A, Bruning, H, Hommel, U & Landström, H 2007, 'Human Capital and the Internationalisation of Venture Capital Firms', International Entrepreneurship and Management Journal, vol. 3, no. 1, pp. 109-125. https://doi.org/10.1007/s11365-006-0021-0

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Manigart, S. ; Collewaert, V. ; Wright, M. ; Pruthi, S. ; Lockett, A. ; Bruning, H. ; Hommel, U. ; Landström, Hans. / Human Capital and the Internationalisation of Venture Capital Firms. In: International Entrepreneurship and Management Journal. 2007 ; Vol. 3, No. 1. pp. 109-125.

RIS

TY - JOUR

T1 - Human Capital and the Internationalisation of Venture Capital Firms

AU - Manigart, S.

AU - Collewaert, V.

AU - Wright, M.

AU - Pruthi, S.

AU - Lockett, A.

AU - Bruning, H.

AU - Hommel, U.

AU - Landström, Hans

N1 - 109-125

PY - 2007

Y1 - 2007

N2 - 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.

AB - 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.

KW - Venture capital

KW - Internationalisation

KW - Human capital

U2 - 10.1007/s11365-006-0021-0

DO - 10.1007/s11365-006-0021-0

M3 - Article

VL - 3

SP - 109

EP - 125

JO - International Entrepreneurship and Management Journal

JF - International Entrepreneurship and Management Journal

SN - 1554-7191

IS - 1

ER -