The Knowledge-Based Resources of Venture Capital Firms' and Born Global Firms' Internationalization

Abrahamsson, J. & Isaksson, A. (2018). The Knowledge-Based Resources of Venture Capital Firms’ and Born Global Firms’ Internationalization. ASEAN Journal of Management & Innovation, 5(1), 30-46

17 Pages Posted: 16 May 2018

See all articles by Jan Abrahamsson

Jan Abrahamsson

Stamford International University

Anders Isaksson

Chalmers University of Technology

Date Written: March 12, 2018

Abstract

This study analyzes how venture capital firms’ (VCs’) value-added activities affect the speed and scope of the internationalization and growth of born global firms. The existing literature has gaps in terms of the resources that facilitate the development of born global firms and how VCs may contribute certain knowledge-based resources in this development. This study received a response rate of 26% to questionnaires sent to 593 VC-backed entrepreneurs in Sweden. The study complements the survey data with four years of annual report data and tests the relationship between VC value-added activities and the born global firms’ speed and scope with multivariate statistics. The results show that while born global firms are prevalent among Swedish VC-backed firms, there is no significant evidence that VC firms contribute to their speed and scope of internationalization through their knowledge-based resources.

Keywords: Born Globals, Internationalization, Venture Capital, Growth, Entrepreneurship, Sweden

JEL Classification: G24, F23, M13, M16

Suggested Citation

Abrahamsson, Jan and Isaksson, Anders, The Knowledge-Based Resources of Venture Capital Firms' and Born Global Firms' Internationalization (March 12, 2018). Abrahamsson, J. & Isaksson, A. (2018). The Knowledge-Based Resources of Venture Capital Firms’ and Born Global Firms’ Internationalization. ASEAN Journal of Management & Innovation, 5(1), 30-46, Available at SSRN: https://ssrn.com/abstract=3163589

Jan Abrahamsson

Stamford International University ( email )

16, Motorway Road - Km2
Prawet
Bangkok, Phetchaburi 10250
Thailand

Anders Isaksson (Contact Author)

Chalmers University of Technology ( email )

Gothenburg
SE-412 96 Goteborg
Sweden

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