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
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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.
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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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