RT Journal Article
SR Electronic
T1 What Shapes Venture Capital Firms’ Expansion across the Globe? <em>Country-Specific Factors and Firm-Specific Factors</em>
JF The Journal of Private Equity
FD Institutional Investor Journals
SP 7
OP 13
DO 10.3905/jpe.2013.17.1.007
VO 17
IS 1
A1 Hisanori Fujiwara
YR 2013
UL https://pm-research.com/content/17/1/7.abstract
AB “Globalization” has recently been a prominent theme in the venture capital (VC) industry. According to the Deloitte Touche Tohmatsu 2009 Global Venture Capital Survey, 52% of VCs already invest outside their home countries (Madhavan and Iriyama [2012]). Once exclusive to OECD countries, cross-border VC investment opportunities are now emerging in countries such as China and India (Saxsenian [2006]). Originally, this trend was promoted by Western venture capitalists. For example, Kleiner Perkins Caufield &amp; Byers (KPCB), one of the top-tier venture capital firms in Silicon Valley, has operated satellite offices in Beijing and Shanghai since 2007.TOPICS: Private equity, statistical methods, global, portfolio construction