Corporate Relocation in Venture Capital Finance
York University - Schulich School of Business
Continuity Capital Partners
Univ. Lille Nord de France - SKEMA Business School
September 24, 2007
Entrepreneurship Theory & Practice, forthcoming EFA 2005 Moscow Meetings
This paper introduces an analysis of international relocation decisions of venture capital (VC) - backed companies. Relocations to the US are motivated by economic conditions as well as an improvement in the laws of the country in which the entrepreneurial firm is based. Relocations to the US yield much greater returns to Asia-Pacific VCs than investing in companies already based in the US at the time of VC investment. Further, more experienced Asia-Pacific VCs have greater success with their investee relocations to the US, and these relocations yield higher returns relative to staying in their country of origin.
Number of Pages in PDF File: 40
Keywords: International Venture Capital, Entrepreneurship, International Corporate Relocation
JEL Classification: F36, F21, F02, G24working papers series
Date posted: March 10, 2005 ; Last revised: January 18, 2009
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