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

This paper examines the relationship between local venture capital (VC) funds and portfolio enterprise internationalization 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, compa...

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Detalles Bibliográficos
Autores principales: Feng, Ting, Guo, Lihong, Dong, Jianwei, Wang, Han
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier 2022
Materias:
Research Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9791799/
https://www.ncbi.nlm.nih.gov/pubmed/36578392
http://dx.doi.org/10.1016/j.heliyon.2022.e12281
Descripción
Sumario:This paper examines the relationship between local venture capital (VC) funds and portfolio enterprise internationalization 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.

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