Education, Science, Technology, Innovation and Life
Open Access
Sign In

Research on the influence of venture capital on the internationalization development of science and technology enterprises

Download as PDF

DOI: 10.23977/ferm.2023.060906 | Downloads: 16 | Views: 396

Author(s)

Yanchen Liu 1

Affiliation(s)

1 Entrepreneurs College, Xi'an Jiaotong Liverpool University, Suzhou, Jiangsu, 215400, China

Corresponding Author

Yanchen Liu

ABSTRACT

As the world economy becomes increasingly interconnected and the "Belt and Road" initiative advances, internationalization has become a crucial strategic focus for business development. Against the backdrop of a notable slowdown in global economic recovery, persistent international environment uncertainties, and a rise in protectionism, China has consistently upheld a high level of openness to the outside world and actively engaged in international cooperation. Numerous high-tech enterprises in China have vigorously expanded into overseas markets, accelerating their own journey of going global. However, many of these high-tech companies face challenges in the process of internationalization due to factors such as their scale, capital, and access to social resources. Among these challenges, venture capital plays a significant role in facilitating the internationalization process of enterprises through signaling and industry expertise. Therefore, investigating the role of venture capital in the internationalization of high-tech enterprises holds practical significance for companies seeking to explore overseas markets, enhance their competitiveness on the global stage, and strengthen their own level of internationalization.

KEYWORDS

Venture Capital; Technology Enterprises; Internationalization

CITE THIS PAPER

Yanchen Liu, Research on the influence of venture capital on the internationalization development of science and technology enterprises. Financial Engineering and Risk Management (2023) Vol. 6: 41-45. DOI: http://dx.doi.org/10.23977/ferm.2023.060906.

REFERENCES

[1] Li Yan, Qin Yihu, Zhang Xiaofei. Corporate Ownership, Managerial Background Characteristics, and Investment Efficiency. Management World, 2011(01): 135-144.
[2] Shen Weitao, Ye Xiaojie, Xu Wei. Does Venture Capital Exhibit Timing Behavior in IPOs? Empirical Research Based on China's SME Board and GEM Board. Nankai Business Review, 2013, 016(002): 133-142.
[3] Cheng Xiaoxin. The Impact of Top Management Team Heterogeneity on the Internationalization of Chinese Firms: The Moderating Role of Structural Dependence. Zhejiang University, 2015.
[4] Spence M. Job Market Signaling [J]. Quarterly Journal of Economics, 1973, 87(3):355-374.
[5] Kirmani A, Akshay R. No Pain, No Gain: A Critical Review of the Literature on Signaling Unobservable Product Quality [J]. Journal of Marketing, 2000, 64(2):66-79. 
[6] Ross S A. The Determination of Financial Structure: The Incentive-Signalling Approach [J]. The Bell Journal of Economics, 1977, 8(1):23-40. 
[7] Leland H E, Pyle D H. Information Asymmetries, Financial Structure, and Financial Intermediation [J]. The Journal of Finance, 1977, 32(2):371-387. 
[8] Wernerfelt B. A Resource-Based View of the Firm [J]. Strategic Management Journal, 1984, 5(2):171-180. 
[9] Barney J B. Firm Resources and Sustained Competitive Advantage [J]. Advances in Strategic Management, 1991, 17(1):99-120.

Downloads: 16441
Visits: 337450

All published work is licensed under a Creative Commons Attribution 4.0 International License.

Copyright © 2016 - 2031 Clausius Scientific Press Inc. All Rights Reserved.