Mäkelä, Markus M.; Maula, Markku V. J. - In: Entrepreneurship & Regional Development 20 (2008) 3, pp. 237-257
Examining an increasingly prevalent but under-researched phenomenon, cross-border venture capital investments, it is observed that local venture capitalists typically invest first, followed by foreign venture capitalists in later rounds. A model is developed that explains the role of a domestic...