An increasingly global venture capital (VC) business raises the question whether foreign VCs'investments pull economic activity away from domestic economies. Using a large sample ofVC-backed European ventures, we analyze whether involvement of foreign VCs influencesfirms' and entrepreneurs'...

Although there is evidence that regulatory focus is associated with opportunity exploitation, there is a lack of research examining its role at the early stages of opportunity recognition. The present study makes two major contributions to address this gap. First, we demonstrate that...