Understanding global flows of venture capital: Human networks as the "carrier wave" of globalization

Ravi Madhavan; Akie Iriyama

doi:10.1057/jibs.2009.6

Understanding global flows of venture capital: Human networks as the "carrier wave" of globalization

Ravi Madhavan, Akie Iriyama

Research output: Contribution to journal › Article

64 Citations (Scopus)

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	https://doi.org/10.1057/jibs.2009.6
Publication status	Published - 2009 Oct 1
Externally published	Yes

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
Strategy and Management
Management of Technology and Innovation

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10.1057/jibs.2009.6

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Madhavan, R., & Iriyama, A. (2009). Understanding global flows of venture capital: Human networks as the "carrier wave" of globalization. Journal of International Business Studies, 40(8), 1241-1259. https://doi.org/10.1057/jibs.2009.6

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