Venture capital-backed foreign portfolio company's IPO

Dmitry Khanin, Adelina Gnanlet, David Leibsohn

Research output: Contribution to journalArticle

1 Citation (Scopus)

Abstract

We contend that the likelihood of a new, foreign venture capital (VC) financed venture launching an IPO will be associated with the institutional characteristics of the venture's home country including the national system of innovation and cultural dimensions, such as masculinity and power distance, as well as the commercial potential of its industry segment, and the stage of investment. A hazard model examining a dataset of 485 US VC-backed ventures in the healthcare (biotech and medical) industry operating in 12 countries provided support for our hypotheses.

Original languageEnglish
Pages (from-to)263-284
Number of pages22
JournalInternational Journal of Entrepreneurship and Innovation Management
Volume16
Issue number3-4
DOIs
Publication statusPublished - 2012
Externally publishedYes

Fingerprint

Launching
Industry
Hazards
Innovation
Venture
Venture capital
Institutional characteristics
National systems of innovation
Home country
Healthcare
Hazard models
Power distance
Masculinity
Cultural dimensions
Biotech

Keywords

  • Home country
  • Innovation
  • IPO
  • Masculinity
  • Power distance
  • Venture capital

ASJC Scopus subject areas

  • Business and International Management
  • Economics and Econometrics
  • Strategy and Management
  • Management of Technology and Innovation

Cite this

Venture capital-backed foreign portfolio company's IPO. / Khanin, Dmitry; Gnanlet, Adelina; Leibsohn, David.

In: International Journal of Entrepreneurship and Innovation Management, Vol. 16, No. 3-4, 2012, p. 263-284.

Research output: Contribution to journalArticle

Khanin, Dmitry ; Gnanlet, Adelina ; Leibsohn, David. / Venture capital-backed foreign portfolio company's IPO. In: International Journal of Entrepreneurship and Innovation Management. 2012 ; Vol. 16, No. 3-4. pp. 263-284.
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