This paper examines the benefits to local venture capital (VC) firms of syndicating with foreign partners. We find that post-syndication, local VC firms change their investment behavior from investing in low risky sectors to high risky sectors. Further, a larger number of their portfolio...

This paper examines the investment preferences of foreign institutional investors investing in the U.S. market. We analyse both firm and country-level determinants that influence the foreign institutional investors' allocation choices. At the country level, we find that the governance quality in...