The Role of Foreign Venture Capital and Foreign Business Angels in Start-ups' Early Internationalization : the Case of Polish ICT Start-ups

• Autorzy: Krystian Bigos , Adam Michalik
• Języki publikacji: EN

Abstrakty

EN

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. (original abstract)

Słowa kluczowe

EN

Internationalization; Venture capital; International enterprise; Financial capital

PL

Internacjonalizacja; Venture capital; Przedsiębiorstwo międzynarodowe; Kapitał finansowy

• Czasopismo: Entrepreneurial Business and Economics Review
• Rocznik: 2023
• Tom: 11
• Numer: nr 4
• Strony: 139--153

Twórcy

autor

Krystian Bigos

• Krakow University of Economics

autor

Adam Michalik

• Krakow University of Economic

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Identyfikatory

DOI

10.15678/EBER.2023.110409