Do foreign and domestic venture capital firms differ in their monitoring of investees?

被引：74

作者：

Sarika Pruthi

Mike Wright

Andy Lockett

机构：

[1] Center for Management Buy-out Research, University of Nottingham, Jubilee Campus

来源：

Asia Pacific Journal of Management | 2003年 / 20卷 / 2期

关键词：

Emerging markets; India; Internationalization; Venture capital;

D O I：

10.1023/A:1023840432241

中图分类号：

学科分类号：

摘要：

This paper addresses an important omission in the venture capital literature by comparing the monitoring behavior of foreign and domestic venture capital firms (VCs). Evidence from 31 VCs in India (84% response) shows foreign VCs were significantly more likely than domestic VCs to be involved at the strategic level while domestic VCs were significantly more active at the operational level. Foreign VCs placed significantly more emphasis on restrictions on additional borrowings. Domestic VCs placed significantly more emphasis on specifying certain accounting policies while foreign VCs placed significantly more emphasis on monthly management accounts. Domestic VCs place significantly more emphasis on industry specialist board membership. © 2003 Kluwer Academic Publishers.

引用

页码：175 / 204

页数：29

共 67 条

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