Post by Sapphire Capital on Sept 10, 2008 8:16:47 GMT 4
The Impact of Economic Integration on Cross-Border Venture Capital Investments: Evidence from the European Union
Hadi S. Alhorr
affiliation not provided to SSRN
Curt B. Moore
affiliation not provided to SSRN
G. Tyge Payne
Texas Tech University - Rawls College of Business
Entrepreneurship Theory and Practice, Vol. 32, Issue 5, pp. 897-917, September 2008
Abstract:
Despite major policies surrounding economic integration among countries (e.g., the European Union [EU], North Atlantic Free Trade Area, and Mercosur), the theoretical and empirical research addressing the impact of such policies on various countries' entrepreneurial activities has yet to fully emerge. To address this issue, this paper draws on institutional, economic, and entrepreneurship literatures to examine if two specific economic integration mechanisms, namely market and currency commonality, increase cross-border venture capital flows made by participating nations in the EU. Findings suggest that broad scale economic integration policies do influence the extent of foreign venture capital investments made into other member countries.
papers.ssrn.com/sol3/papers.cfm?abstract_id=1248408
Hadi S. Alhorr
affiliation not provided to SSRN
Curt B. Moore
affiliation not provided to SSRN
G. Tyge Payne
Texas Tech University - Rawls College of Business
Entrepreneurship Theory and Practice, Vol. 32, Issue 5, pp. 897-917, September 2008
Abstract:
Despite major policies surrounding economic integration among countries (e.g., the European Union [EU], North Atlantic Free Trade Area, and Mercosur), the theoretical and empirical research addressing the impact of such policies on various countries' entrepreneurial activities has yet to fully emerge. To address this issue, this paper draws on institutional, economic, and entrepreneurship literatures to examine if two specific economic integration mechanisms, namely market and currency commonality, increase cross-border venture capital flows made by participating nations in the EU. Findings suggest that broad scale economic integration policies do influence the extent of foreign venture capital investments made into other member countries.
papers.ssrn.com/sol3/papers.cfm?abstract_id=1248408