Institutional Influences on the Worldwide Expansion of Venture Capital

The venture capital (VC) industry started in the United States and then spread worldwide. As it spread into other countries, there was a conscious attempt to copy industry practice from the U.S. However, venture capitalists in other countries are subject to different institutional forces that can im...

Full description

Saved in:
Bibliographic Details
Published inEntrepreneurship theory and practice Vol. 29; no. 6; pp. 737 - 760
Main Authors Bruton, Garry D., Fried, Vance H., Manigart, Sophie
Format Journal Article
LanguageEnglish
Published Oxford, UK and Malden, USA Blackwell Publishing Ltd 01.11.2005
SAGE Publications
SAGE PUBLICATIONS, INC
Subjects
Business studies
Capital formation
Entrepreneurship
Finance
International aspects
International finance
New business enterprises
Organization, Theory of
Organizational behavior
Public policy
Small and medium sized enterprises
Studies
Venture capital
Venture capital companies
Online AccessGet full text

Cover

More Information
Summary:The venture capital (VC) industry started in the United States and then spread worldwide. As it spread into other countries, there was a conscious attempt to copy industry practice from the U.S. However, venture capitalists in other countries are subject to different institutional forces that can impact their behavior. This article uses an institutional perspective to develop testable propositions on the impact of various institutions on venture capitalists’ behavior. The article concludes with a discussion of the implications of an institutional theory perspective for VC research and public policy.
Bibliography:istex:45A9D2CFFC168C261A6CA599D851C9EABEB16DB4
ArticleID:ETAP106
ark:/67375/WNG-DNPH5TTC-P
ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 23
ObjectType-Article-1
ObjectType-Feature-2
ISSN:1042-2587
1540-6520
DOI:10.1111/j.1540-6520.2005.00106.x