Huang, Guoyan; He, Dongwei; Meng, Chenyang; Ma, Donghui - In: Borsa Istanbul Review 22 (2022) 5, pp. 975-984
Cultural distance is an important factor for the success of venture capital (VC) investments. Using a large sample of Chinese VC events, this study examines how cultural proximity between VC investors and portfolio firms, as measured by a unique indicator using Chinese dialects, affects the...