Lecture aantekeningen

10 important questions on Lecture aantekeningen

International social capital

Resources that are embedded in a firm's network of international relationships across geographical regions

How acquire international of market specific social capital?

Team members/employees - customers - partners - investors - institutional actors - personal relationships

Selecting funding resources

Bootstrapping - crowdfunding - debt - equity
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Venture capital can differ across countries in terms of;

Source of funds and investment activities, stage of companies they invest in, sector of financed companies, geographical focus of investments, degree of their involvement, exit behavior etc

Why in some areas higher concentration of VC firms than others

Population ecology perspective - well-developed stock market - favorable government policies - spatial structure of financial systems

Which institutions correlate with active venture capital market

Labor market regulation, public R&D spending, intellectual property rights and technology transfer

Is international venture capital beneficial for private entrepreneurial firms? Benefits

International investors can increase access to capital, and diversification can enhance expected value of VC investment

Is international venture capital beneficial for private entrepreneurial firms? Disadvantage

Legal, geographical, cultural and informational differences create additional costs, and investors might suffer from home bias

Cumming et al, higher international`iaton of companies investor base is

Positively associated with likelihood of exit via IPO and IPO valuation

How do different logics influence resource acquisition?

Different audiences have different logics

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