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Abstract 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.
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Received: 30 August 2013
Published: 15 November 2013
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Corresponding Authors:
WANG Jiang
E-mail: wj_611@hotmail.com
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2013, Vol. 
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