The objective of this thesis was to improve the current state of understanding of VC firms’ behavior by investigating their decision making process in making investments. While industry reports show that cross-border investments have gained importance over the last years, little scholarly research has investigated the drivers of this phenomenon up to now. This thesis positions itself as a first step towards a better understanding of why VC firms invest a distance and provides elements of answer on two aspects of the decision to invest at a distance. First, the dissertation examines the predictors of VC investment scope (i.e., whether VCs invest at the national, continental or global level). Second, the thesis investigates the drivers of VC investment target location choice.
KeywordsTarget Location Venture Capital Investment Portfolio Company Investment Stage Domestic Venture Capital
Unable to display preview. Download preview PDF.