Schertler, Andrea; Tykvová, Tereza - In: Journal of International Money and Finance 31 (2012) 6, pp. 1777-1799
We investigate if economic factors drive gross and net cross-border venture capital inflows differently. Using a dataset of venture capital investments in European and North American countries from 2000 to 2008, we find that higher expected economic growth goes hand in hand with higher gross as...