Corporate Relocation in Venture Capital Finance
分析了风险资本支持公司的国际迁移决策，发现迁往美国能带来更高回报，尤其对经验丰富的亚太风投机构。
This paper introduces an analysis of international relocation decisions of venture capital (VC)–backed companies. Relocations to the United States are motivated by economic conditions as well as an improvement in the laws of the country in which the entrepreneurial firm is based. Relocations to the United States yield much greater returns to Asia–Pacific VCs than investing in companies already based in the United States at the time of VC investment. Further, more experienced Asia–Pacific VCs have greater success with their investee relocations to the United States, and these relocations yield higher returns relative to staying in their country of origin.