Essays on Cross-Border Venture Capital: A Grounded Theory Approach. Export

@phdthesis{citeulike:785871, abstract = {View full text (tell me more): http://lib.tkk.fi/Diss/2004/isbn9512271176/isbn951 2271176.pdf Abstract: The mechanisms of how cross-border investment syndicates are created and held together are investigated, as well as how cross-border venture capitalists influence the internationalization of portfolio firms. This examination is comprised of five essays. The first essay introduces the grounded theory methodology and reviews the related research process. The second essay presents a detailed account of conducting grounded theory research. More than 200 entrepreneurship papers using the grounded theory method were reviewed; eight papers were analyzed to identify exemplary practices. The third essay investigates the formation of cross-border syndicates, especially the role of the local venture capitalists in obtaining cross-border investors. The critical importance of the local venture capitalist lies in providing the venture with knowledge, social capital, and assistance in operational management. The fourth essay discusses the holding together of cross-border syndicates and the factors influencing investors' level of commitment, which is found to be affected by changes in the expected valuation of the portfolio firm. The fifth essay explores the effects of cross-border venture capitalists on the internationalization of their portfolio firms. A cross-border investor's entrance into a syndicate creates endorsement benefits and significant transaction costs. Results imply new insights into international network building and management and the effect of such networks on further internationalization. (TNM) Entrepreneurship Research Engine {\copyright} 2006 U. of Illinois Methodology: Experimental/primary research Key words: Venture capitalists; Venture capital; International firms; Social networks Additional keywords: Portfolio firms; Investment syndicates; Investments}, address = {Finland}, author = {Makela, M. M.}, citeulike-article-id = {785871}, citeulike-linkout-0 = {http://research.kauffman.org/cwp/appmanager/research/researchDesktop?_nfpb=true&_pageLabel=research_resourceDetail&id=Research/Resource/Thesis_073.htm}, institution = {Institute of Strategy and International Business}, keywords = {grounded\_theory, internacionalization, networks, organizations}, posted-at = {2006-08-04 10:03:48}, priority = {3}, school = {Helsinki University of Technology}, title = {Essays on Cross-Border Venture Capital: A Grounded Theory Approach.}, url = {http://research.kauffman.org/cwp/appmanager/research/researchDesktop?_nfpb=true&_pageLabel=research_resourceDetail&id=Research/Resource/Thesis_073.htm}, year = {2004} }

TY - THES ID - citeulike:785871 L3 - citeulike-article-id:785871 N2 - View full text (tell me more): http://lib.tkk.fi/Diss/2004/isbn9512271176/isbn951 2271176.pdf Abstract: The mechanisms of how cross-border investment syndicates are created and held together are investigated, as well as how cross-border venture capitalists influence the internationalization of portfolio firms. This examination is comprised of five essays. The first essay introduces the grounded theory methodology and reviews the related research process. The second essay presents a detailed account of conducting grounded theory research. More than 200 entrepreneurship papers using the grounded theory method were reviewed; eight papers were analyzed to identify exemplary practices. The third essay investigates the formation of cross-border syndicates, especially the role of the local venture capitalists in obtaining cross-border investors. The critical importance of the local venture capitalist lies in providing the venture with knowledge, social capital, and assistance in operational management. The fourth essay discusses the holding together of cross-border syndicates and the factors influencing investors' level of commitment, which is found to be affected by changes in the expected valuation of the portfolio firm. The fifth essay explores the effects of cross-border venture capitalists on the internationalization of their portfolio firms. A cross-border investor's entrance into a syndicate creates endorsement benefits and significant transaction costs. Results imply new insights into international network building and management and the effect of such networks on further internationalization. (TNM) Entrepreneurship Research Engine © 2006 U. of Illinois Methodology: Experimental/primary research Key words: Venture capitalists; Venture capital; International firms; Social networks Additional keywords: Portfolio firms; Investment syndicates; Investments AD - Finland TI - Essays on Cross-Border Venture Capital: A Grounded Theory Approach. PB - Helsinki University of Technology KW - grounded_theory KW - internacionalization KW - networks KW - organizations AU - Makela, MM PY - 2004/// UR - http://research.kauffman.org/cwp/appmanager/research/researchDesktop?_nfpb=true&_pageLabel=research_resourceDetail&id=Research/Resource/Thesis_073.htm ER -