Abstract
Industry participants and observers view venture capital as fundamentally a local business. However, recent data show an increasing share of US venture capital investments flowing overseas. We suggest that cross-border venture capital flows are associated with the formation of transnational technical communities (TTCs), groups of immigrants active in both home- and host-country technical networks. Our results highlight the role of human networks as a mechanism of industry globalization, and support the view that TTCs are emerging economic actors in their own right.
| Original language | English |
|---|---|
| Pages (from-to) | 1241-1259 |
| Number of pages | 19 |
| Journal | Journal of International Business Studies |
| Volume | 40 |
| Issue number | 8 |
| DOIs | |
| Publication status | Published - 2009 Oct |
| Externally published | Yes |
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Keywords
- Cross-border capital flows
- Globalization
- Immigration
- Networks
- Transnational technical communities
- Venture capital
ASJC Scopus subject areas
- Business and International Management
- Business, Management and Accounting(all)
- Economics and Econometrics
- Management of Technology and Innovation
- Strategy and Management
Cite this
Understanding global flows of venture capital : Human networks as the "carrier wave" of globalization. / Madhavan, Ravi; Iriyama, Akie.
In: Journal of International Business Studies, Vol. 40, No. 8, 10.2009, p. 1241-1259.Research output: Contribution to journal › Article
}
TY - JOUR
T1 - Understanding global flows of venture capital
T2 - Human networks as the "carrier wave" of globalization
AU - Madhavan, Ravi
AU - Iriyama, Akie
PY - 2009/10
Y1 - 2009/10
N2 - Industry participants and observers view venture capital as fundamentally a local business. However, recent data show an increasing share of US venture capital investments flowing overseas. We suggest that cross-border venture capital flows are associated with the formation of transnational technical communities (TTCs), groups of immigrants active in both home- and host-country technical networks. Our results highlight the role of human networks as a mechanism of industry globalization, and support the view that TTCs are emerging economic actors in their own right.
AB - Industry participants and observers view venture capital as fundamentally a local business. However, recent data show an increasing share of US venture capital investments flowing overseas. We suggest that cross-border venture capital flows are associated with the formation of transnational technical communities (TTCs), groups of immigrants active in both home- and host-country technical networks. Our results highlight the role of human networks as a mechanism of industry globalization, and support the view that TTCs are emerging economic actors in their own right.
KW - Cross-border capital flows
KW - Globalization
KW - Immigration
KW - Networks
KW - Transnational technical communities
KW - Venture capital
UR - http://www.scopus.com/inward/record.url?scp=70349316619&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=70349316619&partnerID=8YFLogxK
U2 - 10.1057/jibs.2009.6
DO - 10.1057/jibs.2009.6
M3 - Article
VL - 40
SP - 1241
EP - 1259
JO - Journal of International Business Studies
JF - Journal of International Business Studies
SN - 0047-2506
IS - 8
ER -