The Knowledge-Based Resources of Venture Capital firms’ and Born Global Firms’ Internationalization
The main aim with this study is to analyze how venture capital firm’s (VCs) value-added activities affect the speed and scope of the internationalization and growth of born global firms, as past research has gaps in what resources are facilitating the development of born global firms and how VC’s may contribute with certain knowledge-based resources towards that development. The study is based on a questionnaire sent to 593 VC-backed entrepreneurs in in Sweden with a response rate of 26 % before final reminders. Survey data is complemented with four years of annual report data. The relationship between VC value-added activities and the born global firms speed and scope are tested with multivariate statistics. In the study, we show that while born global firms are prevalent among Swedish VC backed firms, there is no significant evidence of VC firms contributing to their speed and scope of internationalization by its knowledge-based resources.