The Impact of Human and Social Capital on New Venture Internationalization

Helle Neergaard

Research output: Working paperResearch

6 Downloads (Pure)


This research seeks to address how differences in human and social capital influence on the internationalization pattern of new technology-based ventures. Based on survey data from 93 ventures and 82 in-depth interviews in the Danish IT/communication and biotech/medico industries, the findings indicate differences between two industries with regard to the human and social capital composition. International working experience is more pronounced among biotech/medico entrepreneurs. Entrepreneurs who have studied or worked abroad are more likely to have early international activity. The study repudiates the ‘born global’ hypothesis in favour of an accelerated Uppsala-model.
Original languageEnglish
Place of PublicationFrederiksberg
PublisherLOK Research Center. CBS
Number of pages19
Publication statusPublished - 2003
Externally publishedYes
SeriesLOK Working Paper

Cite this