Abstract

Venture capital (VC) provides financing for new ventures (NVs) primarily in high-technology industries. Venture capitalists (VCs) investment practices manage information asymmetry and agency risks associated with these industries (Gompers, 1995). Corporate VC (CVC) investments by established firms provide differential value associated with NV performance (Gompers & Lerner, 1998). VCs prefer domestic investment (Cumming & Dai, 2010), thus foreign VC (FVC) investors may utilize specific investment practices to mitigate foreign investment risk.

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