How can venture capital (VC) firms transform a weak innovation ecosystem into a productive and robust one? While the literature has found VC firms' catalyst role in innovation in developed markets, we know little about whether and how they affect innovation in an emerging market, where formal...

This study explores the ways in which different modes of organizing change during the dynamic process of emergence of a startup. The dynamics of nascent entrepreneurship are examined in order to identify ways in which entrepreneurship scholars can assess the multi-layered dynamics of new venture...

A model of entrepreneurial capital is presented.Extending the idea of intellectual capital, entrepreneurial capital is definedas a multiplicative function of entrepreneurial competence and entrepreneurialcommitment. The relationship between competence and commitment is argued to...

The high competition in the global Private Equity (PE) and Venture Capital (VC) industry has forced investors to allocate more capital to emerging markets. The fast growing PE and VC activities in those countries raise the question of whether the cost with limited attention will surpass the...

Private equity and venture capital industry started in US and then extends worldwide. As it expands into other markets, there was a deliberate effort to duplicate the US industry practice. It is argued that Private Equity (PE)/Venture Capital (VC) (PE/VC hereafter) can be considered as one of...

Jeng and Wells (2000) initialized the examination of venture capital (VC) determinants across countries. Meanwhile, we enlarge their scope using aggregated VC funding in 118 countries, 78 being considered emerging markets, using panel data from 2000 to 2013. We show that M&A activity, legal...

Frequent and open interaction between venture capitalists (VCs) and entrepreneurs is necessary for venture capital investments to occur. Increasingly, these investments are made across jurisdictions. The vast majority of these cross-border investments are carried out in a syndicate of two or...

This paper investigates venture capitalists' monitoring of managerial behaviour by examining their impact on CEO pay-performance sensitivity across various controlling structures in Chinese firms. We find that the effectiveness of venture capitalists' monitoring depends on different types of...