Incubator role of foreign venture capital: evidence from overseas listing of enterprises

Qi, Xinzhou; Zhong, Ning; Qin, Meng

doi:10.1080/1331677x.2022.2142637

Cited by 3 publications

(1 citation statement)

References 57 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…In contrast, this paper examines the impact of domestic VCs' cross-border investment experience on the overseas listing of their portfolio companies from the perspective of domestic VCs' investment behavior. (2) Regarding the paths of VCs to promote the overseas listing of their portfolio companies, the existing literature focuses on expanding the network of intermediary service providers and helping companies to explore overseas markets [12,18]. However, from a postinvestment management perspective, this paper innovatively fnds that helping portfolio companies obtains follow-on fnancing from foreign VCs, which helps them to go public overseas.…”

Section: Introductionmentioning

confidence: 99%

Follow Me Going Out: Cross-Border Investment of Domestic Venture Capital and Overseas Listing of Portfolio Companies

Yu¹,

Wang

Bing

2023

Complexity

View full text Add to dashboard Cite

This paper investigates the impact of cross-border investment of domestic venture firms (VCs) on the overseas listings of their domestic portfolio companies. Using a sample of 1,439 domestic VCs’ first-round domestic investment events collected by Crunchbase and PEDATA, we find that the more cross-border investment experience domestic VCs have, the more likely their domestic portfolio companies are to go public outside China. The findings remain robust after using the instrumental variable method to eliminate endogeneity, the Heckman two-stage regression method to eliminate sample selection bias, and the exclusion of a portion of the sample for reregression. In addition, we further find that foreign VCs participating in follow-on financing play a mediating role in the relationship between the cross-border investments of domestic VCs and the overseas listings of their portfolio companies. This paper reveals the critical path for domestic VCs to go out and bring in foreign VCs to promote overseas listings of domestic firms. The findings of this paper are critical to the layout of domestic VCs’ internationalization strategy and the sustainable development of domestic firms.

show abstract

Section: Introductionmentioning

confidence: 99%

Follow Me Going Out: Cross-Border Investment of Domestic Venture Capital and Overseas Listing of Portfolio Companies

Yu¹,

Wang

Bing

2023

Complexity

View full text Add to dashboard Cite

show abstract

Does global supply chain pressure motivate the gold market?

Qin

Lobonţ

et al. 2023

Economic Research-Ekonomska Istraživanja

View full text Add to dashboard Cite

How do we choose whom to support? Different approaches to selection criteria in business pre-incubation

Bielicki

2023

JEC

View full text Add to dashboard Cite

Purpose The purpose of this study was to gain a deeper understanding of the selection criteria used in preincubation programs. Particular focus has been placed on examining the exclusive and inclusive nature of these criteria, and how they relate to both egalitarian and utilitarian considerations. Design/methodology/approach The study used two data sources: archival available online data and semi-structured interviews. Forty-nine preincubation programs were examined, with 19 representatives interviewed. The data was analyzed using content analysis to understand the access and selection criteria applied at the preincubation stage. Findings The goals of preincubation programs vary, including developing students’ competencies, creating new companies or achieving the goals of the corporation that sponsored the program. preincubation programs use three levels of selection criteria, including entry criteria, the potential of the submitted idea and team and the personal characteristics and competencies of the applicants. The entry criteria varied across programs, with some programs being open only to university employees and students, while others were open to the public. The study found that the majority of preincubation programs used a combination of both egalitarian and utilitarian motivations in their selection criteria. Practical implications The criteria used to evaluate applications flowing into preincubation should be strongly related to the goals that preincubation is supposed to achieve. It is essential to consider that, contrary to previous knowledge, this process is not only aimed at supporting the creation of new businesses. Originality/value To the best of the author’s knowledge, this is the first study that analyzes the approach to selection criteria in preincubation programs with such diverse goals and in different countries as well as expanding the understanding of the criteria used at different stages of the incubation process and relating to the inclusiveness in entrepreneurship.

show abstract

Incubator role of foreign venture capital: evidence from overseas listing of enterprises

Cited by 3 publications

References 57 publications

Follow Me Going Out: Cross-Border Investment of Domestic Venture Capital and Overseas Listing of Portfolio Companies

Follow Me Going Out: Cross-Border Investment of Domestic Venture Capital and Overseas Listing of Portfolio Companies

Does global supply chain pressure motivate the gold market?

How do we choose whom to support? Different approaches to selection criteria in business pre-incubation

Contact Info

Product

Resources

About