The role of foreign venture capital and foreign business angels in start-ups’ early internationalization : the case of Polish ICT start-ups
Krystian Bigos, Adam Michalik
Objective: The objective of the article is to examine the role of foreign venture capital and foreign business angels in companies' early internationalization based on the example of Polish ICT start-ups. Research Design & Methods: We based the scientific argument on an analysis of the existing state of knowledge in this area and the empirical research conducted among 220 Polish start-ups, which founded our logistic regression model. Findings: Based on the study, a positive relationship exists between the involvement of foreign venture capital funds in start-ups and their early internationalization. Implications & Recommendations: Start-ups should cooperate with foreign institutions, such as venture capital funds, as their knowledge and experience can be a source of start-ups' early internationalization. We recommend that scholars conduct further in-depth panel studies on the impact of foreign investment funds on the early internationalization process. Contribution & Value Added: The article covers research yet to be undertaken in research analyses in early internationalization and can serve as a starting point for further in-depth studies of the phenomenon, also based on start-ups from other countries.
Year of publication: |
2023
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Authors: | Bigos, Krystian ; Michalik, Adam |
Published in: |
Entrepreneurial business and economics review : EBER. - Kraków : [Verlag nicht ermittelbar], ISSN 2353-8821, ZDB-ID 2776188-5. - Vol. 11.2023, 4, p. 139-153
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Subject: | venture capital | business angel | early internationalization | international entrepreneurship | financial capital | Risikokapital | Venture capital | Unternehmensgründung | Business start-up | Business Angels | Business angels | Globalisierung | Globalization | Multinationales Unternehmen | Transnational corporation | Polen | Poland | Internationaler Markteintritt | International market entry | Unternehmensfinanzierung | Corporate finance |
Saved in:
freely available
Type of publication: | Article |
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Type of publication (narrower categories): | Aufsatz in Zeitschrift ; Article in journal |
Language: | English |
Other identifiers: | 10.15678/EBER.2023.110409 [DOI] |
Classification: | F23 - Multinational Firms; International Business ; G24 - Investment Banking; Venture Capital; Brokerage ; L26 - Entrepreneurship |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10014490308
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