Institutions and the Internationalization of U.S. Venture Capital Firms

Published Research

In recent years, venture capital firms have increasingly turned to foreign countries in search of investment opportunities. The cross-border expansion of venture capital firms presents an interesting case of internationalization, because they are at variance with both conventional portfolio and direct investment models.Read More

Home-Country Networks and Foreign Expansion

Published Research

We propose that home country network advantages shape firms’ foreign expansion. We argue that a social status advantage is transferable from one market to another as a signal of quality but that a brokerage advantage is more context-specific and difficult to transfer.Read More