Please use this identifier to cite or link to this item:
Title: Effects of inward investment on outward investment: The venture capital industry worldwide 1985-2007
Authors: Gu, Q.
Lu, J.W. 
Keywords: competition effects
foreign direct investment
spillover effects
venture capital
Issue Date: 2011
Citation: Gu, Q., Lu, J.W. (2011). Effects of inward investment on outward investment: The venture capital industry worldwide 1985-2007. Journal of International Business Studies 42 (2) : 263-284. ScholarBank@NUS Repository.
Abstract: We identify inward investment as an important impetus to outward investment, supplemental to the impetuses depicted in conventional internationalization frameworks. By incorporating both the spillover and competition effects of foreign entrants, we develop an integrated framework of the inward-outward investment relationship for different investment modes and different home-country and host-country pairs. Our analysis of venture capital (VC) investments worldwide from 1985 to 2007 shows a positive spillover effect on outward investment for inward co-investments and a negative competition effect on outward investment for inward standalone investments. We find the strongest effects when the host country is a laggard in the VC industry and the home country is a leader. © 2011 Academy of International Business All rights reserved.
Source Title: Journal of International Business Studies
ISSN: 00472506
DOI: 10.1057/jibs.2010.51
Appears in Collections:Staff Publications

Show full item record
Files in This Item:
There are no files associated with this item.


checked on Apr 17, 2019


checked on Apr 10, 2019

Page view(s)

checked on Apr 19, 2019

Google ScholarTM



Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.