This article offers a review of conceptual and empirical research on knowledge components during the process of new venture internationalization. A framework is developed to illustrate different knowledge components that constitute ‘international knowledge’. We focus specifically upon the interface between entrepreneur and venture capitalist knowledge respectively. Propositions are developed in relation to these knowledge components; based on our framework and the related propositions, suggestions for future research activities are outlined. Finally, we offer insights for managers and investors in the development of their internationalization strategy.
This study examines the differential application of mechanisms that venture capitalists use to mitigate the risks of portfolio company internationalization. We investigate differences in round size, round interval, and round syndication between new ventures that internationalize (with a fraction of revenue from abroad) and solely domestic new ventures, using longitudinal data of 962 investing rounds in 334 venture capital–backed technology companies. While opportunistic internationalizers (ratio of foreign sales to total sales less than 10%) receive less funding per round by smaller syndicates over longer intervals than domestic ventures, higher intensity strategic internationalizers receive their funding in shorter intervals.
The COVID‐19 pandemic has affected the lives of billions around the globe. Yet, our understanding of its impact on psychological distress and work productivity remains limited. Using data from two waves of the Understanding Society COVID‐19 study, a representative British survey of reactions to the COVID‐19 pandemic, comprising 5829 individuals, we find that perceived health risks related to COVID‐19 affect the productivity of working individuals negatively via increased psychological distress. Results also show that the extent of homeworking amplifies the negative relationship between psychological distress and productivity. Additionally, we find that the negative relationship between psychological distress and productivity is stronger for self‐employed individuals compared to those who are in paid employment. Psychological distress, self‐employment status and gender jointly interact in reducing productivity, such that self‐employed women experience the strongest decline in productivity. We discuss the implications of our findings in light of supporting individuals to reduce psychological distress and maintain their productivity following the COVID‐19 pandemic.
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