How do domestic VC-led and foreign VC-led investments differ in staged financing? We propose that domestic VCs will be more active than foreign VCs in learning through investing to tackle information asymmetry, agency concerns and project-specific uncertainty. We further expect that domestic VCs...

This study examines whether a host country's industry-specific technology advantage increases the propensity of emerging market multinational enterprises (EMNEs) to invest in the host country. The study further explores whether inward FDI in EMNEs' home markets, by generating knowledge...

We investigate the following important questions in international business: How do MNEs choose ownership strategies when facing strong uncertainty in foreign market entries? How are the choices affected by industry contingencies? Following the key tenets of real options theory, we propose that,...