citation_author
Bigos, Krystian
citation_volume
27
citation_publication_date
2019
citation_title
Venture Capital and Exporting – Some Evidence from EU Countries
citation_pdf_url
https://repozytorium.kozminski.edu.pl/pl/system/files/Bigos_1_2019.pdf
citation_issue
1
citation_journal_title
Central European Management Journal
citation_issn
2658-0845
citation_firstpage
2
citation_lastpage
16
dcterms.title
Venture Capital and Exporting – Some Evidence from EU Countries
dcterms.creator
Bigos
dcterms.subject
export, internationalization, international trade, venture capital, financing
dcterms.description
Purpose: The aim of this article is to present the results of the research on the export of venture capital backed firms in the European Union countries. Methodology: For the purpose of this article, the author created four linear regression models. He decided for export revenue to be a dependent variable. Then, the author verified the influence of four independent variables on export value. Findings: The research found that the turnover of venture capital backed firms positively influences their export value. Moreover, the costs of employees also play an important role in export value explanation. Nevertheless, the empirical study did not confirm any strong positive correlation of analyzed firms’ export value with the number of employees and their share of shareholders’ funds in operating income. Limitations: The analyzed period was limited only to 2016. Second, the study used only one dependent and four independent variables. Further research must include other variables, especially moderating ones, such as entrepreneurship ratio or availability of external financing forms. Third, the regression models were based on data retrieved from Orbis Database and can induce uncertainty regarding its credibility. Originality: At present, there are still only few research studies that explore the export of venture capital backed firms.
dcterms.contributor
Bigos
dcterms.date
2019
dcterms.type
Text
dcterms.format
text/html
dcterms.identifier
https://repozytorium.kozminski.edu.pl/pl/pub/4961
dcterms.abstract
Purpose: The aim of this article is to present the results of the research on the export of venture capital backed firms in the European Union countries. Methodology: For the purpose of this article, the author created four linear regression models. He decided for export revenue to be a dependent variable. Then, the author verified the influence of four independent variables on export value. Findings: The research found that the turnover of venture capital backed firms positively influences their export value. Moreover, the costs of employees also play an important role in export value explanation. Nevertheless, the empirical study did not confirm any strong positive correlation of analyzed firms’ export value with the number of employees and their share of shareholders’ funds in operating income. Limitations: The analyzed period was limited only to 2016. Second, the study used only one dependent and four independent variables. Further research must include other variables, especially moderating ones, such as entrepreneurship ratio or availability of external financing forms. Third, the regression models were based on data retrieved from Orbis Database and can induce uncertainty regarding its credibility. Originality: At present, there are still only few research studies that explore the export of venture capital backed firms.
dcterms.language
en
dcterms.modified
2020-06-02T23:07+02:00
