风险投资国际化影响因素研究综述

风险投资长期以来被视为是一项高度本土化的行为，但是近年来越来越多的风投机构开始走出国门进行远距离的跨境投资。这一现象引起了学者们的极大兴趣，许多学者开始致力于考察跨境风险投资的动因，即为什么本土化特征如此明显的风险资本开始热衷于进行跨越国境的远距离投资。尽管相关研究近几年才刚刚开始，但已迅速成为学术研究的热点。文章从国家环境因素、社会网络和风投机构主体因素三个层次，对风险投资国际化影响因素的最新文献进行了梳理和评述，并在此基础上对未来研究进行了展望。

Determinants of the Internationalization of Venture Capital: A Survey

Venture capital investment has long been conceptualized as a local business event, but in recent years a growing number of VC institutions began to go aboard for long-distance cross-broader investments. This phenomenon has aroused scholars’ great interest and they start to investigate the motivation in cross-border venture capital investment, namely, why venture capital with evident localization feature are keen to carry on long-distance cross-border investment. Related research has just begun in recent years, yet has quickly become a focus in academic research. This paper has reviewed the latest literature on factors affecting internationalization of VC from three perspectives: environmental factors, social networks VC institutional factors, and future research are discussed on this basis.