Do Networks of Financial Intermediaries Help Reduce Local Bias? Evidence from Cross-Border Venture Capital Exits

Published: Aug 7, 2013
Abstract
Contributing to the literature on local bias and financial networks, we examine how direct and indirect network ties of financial intermediaries mitigate the effects of distance and preference for local investments. In our analysis of cross-border venture capital exits, we find that proximity within networks facilitates cross-border transactions, which suggests that network distance is an important dimension of distance in addition to its...
Paper Details
Title
Do Networks of Financial Intermediaries Help Reduce Local Bias? Evidence from Cross-Border Venture Capital Exits
Published Date
Aug 7, 2013
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