Institutional Influences on the Worldwide Expansion of Venture Capital
Bruton, Garry D Fried, Vance H Manigart, Sophie
Bruton, Garry D
Fried, Vance H
Manigart, Sophie
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Publication Type
Journal article with impact factor
Editor
Supervisor
Publication Year
2005-11
Journal
Entrepreneurship Theory and Practice
Book
Publication Volume
29
Publication Issue
6
Publication Begin page
737
Publication End page
760
Publication Number of pages
Collections
Abstract
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.
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Journal Issue
Keywords
3502 Banking, Finance and Investment, 35 Commerce, Management, Tourism and Services, 3507 Strategy, Management and Organisational Behaviour