Venture Capital, Private Equity and the Internationalisation of Entrepreneurial Firms

由于不同的文化和企业环境产生的信息不对称，公司在进行跨境交易时面临着巨大的障碍。该项目调查了风险资本(VC)和私募股权基金(PE)在促进其投资的创业公司在发达和新兴市场的国际化方面所起的作用。分析了风险投资/私募股权基金在促进跨境收购和外国首次公开募股方面的作用。对国际化机制进行了测试，包括风险投资/私募股权基金与其他风险投资/私募股权基金和中介机构的联系的影响，以及它们的国际经验。强调了风险投资/私募股权投资在建立跨境经济联系方面的作用。

Firms face significant hurdles in undertaking cross-border transactions due to information asymmetries arising from differing cultural and corporate environments. The project investigates the role of venture capital (VC) and private equity (PE) funds in facilitating the internationalisation of the entrepreneurial firms in which they invest, in developed and emerging markets. The role of VC/PE funds in facilitating cross-border takeovers and foreign initial public offerings, is analysed. The mechanisms of internationalisation are tested, including the impact of VC/PE funds’ connections with other VC/PE funds and intermediaries, and their international experience. The role of VC/PE in establishing cross-border economic ties is highlighted.