Success in Global Venture Capital Investing : Do Institutional and Cultural Differences Matter ?

  title={Success in Global Venture Capital Investing : Do Institutional and Cultural Differences Matter ?},
  author={Sonali Hazarika and kishore. tandon},
  • Sonali Hazarika, kishore. tandon
  • Published 2009
We analyze the impact of institutional and cultural differences on the likelihood of success in global venture capital (VC) investing. In both developed and emerging economies, we find better legal rights and their enforcement significantly affect the likelihood of VC success. As well, better developed stock markets have a positive influence on VC performance, which highlights the importance of capital markets for development of VC industry. Strikingly, we find that cultural distance between… CONTINUE READING
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