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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...
Autores principales: | , , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Elsevier
2022
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Materias: | |
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 |
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author | Feng, Ting Guo, Lihong Dong, Jianwei Wang, Han |
author_facet | Feng, Ting Guo, Lihong Dong, Jianwei Wang, Han |
author_sort | Feng, Ting |
collection | PubMed |
description | 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. |
format | Online Article Text |
id | pubmed-9791799 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2022 |
publisher | Elsevier |
record_format | MEDLINE/PubMed |
spelling | pubmed-97917992022-12-27 The impact of venture capital funds with foreign limited partners investment on enterprise internationalization: evidence from China Feng, Ting Guo, Lihong Dong, Jianwei Wang, Han Heliyon Research Article 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. Elsevier 2022-12-14 /pmc/articles/PMC9791799/ /pubmed/36578392 http://dx.doi.org/10.1016/j.heliyon.2022.e12281 Text en © 2022 The Author(s) https://creativecommons.org/licenses/by-nc-nd/4.0/This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/). |
spellingShingle | Research Article Feng, Ting Guo, Lihong Dong, Jianwei Wang, Han The impact of venture capital funds with foreign limited partners investment on enterprise internationalization: evidence from China |
title | The impact of venture capital funds with foreign limited partners investment on enterprise internationalization: evidence from China |
title_full | The impact of venture capital funds with foreign limited partners investment on enterprise internationalization: evidence from China |
title_fullStr | The impact of venture capital funds with foreign limited partners investment on enterprise internationalization: evidence from China |
title_full_unstemmed | The impact of venture capital funds with foreign limited partners investment on enterprise internationalization: evidence from China |
title_short | The impact of venture capital funds with foreign limited partners investment on enterprise internationalization: evidence from China |
title_sort | impact of venture capital funds with foreign limited partners investment on enterprise internationalization: evidence from china |
topic | Research Article |
url | 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 |
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