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