Vol. 4 No. 3 (2018)
5th AIB-CEE 2018 Conference Proceedings | 9th ENTRE 2018 Conference Proceedings (Special Issue)

Articles

Venture capital and exporting: Some evidence from Visegard Group countries and implications for Poland

Published 2018-09-12

  • Krystian Bigos

Krystian Bigos
Cracow University of Economics

Abstract

Venture capital funds are considered an innovative source of financing for small and medium-sized enterprises (mainly those in a seed or startup stage). The main point of these funds is to provide the firm with capital in exchange for shares. The research problem taken up in the article concerns the identification of the impact of venture capital funds on the development of businesses’ exporting in the Visegrad countries. The aim of this article is to present the results of the research on the correlation between the share of venture capital funds in GDP and the export growth in the Visegrad countries. It turns out that in the case of Poland there is a strong correlation between export growth and the share of venture capital funds financing early stage ventures in GDP.

Keywords

export, internationalisation, Visegrad Group, venture capital, financing

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