The role of foreign venture capital and foreign business angels in start-ups’ early internationalization: The case of Polish ICT start-ups
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 th...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Cracow University of Economics
2023-12-01
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| Series: | Entrepreneurial Business and Economics Review |
| Subjects: | |
| Online Access: | https://eber.uek.krakow.pl/eber/article/view/2180 |
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| Summary: | 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.
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| ISSN: | 2353-8821 |