Diaspora concentration and the venture investment impact of remittances
Paul Vaaler (University of Minnesota)
Wednesday, 25 April 2012, 12pm to 1pm
Seminar Room 3, ODID, 3 Mansfield Road, Oxford OX1 3TB
Hosted by International Migration Institute
This event is part of the IMI Seminar Series, Trinity 2012.
About this talk
International business (“IB”) research has developed theory and preliminary evidence suggesting that remittances from overseas immigrant diasporas enhance home-country venture capital access, particularly in developing countries where a dearth of formal institutional protections deter other foreign investors. I extend this research with theory and evidence linking the geographic concentration of immigrant diasporas abroad to the magnified venture investment impact of their remittances back home. Analyses of remittances to 50 developing counties from 2002-2007 show that the venture investment impact of remittances may be completely nullified when coming from geographically-dispersed immigrant diasporas. Diaspora concentration abroad facilitates more effective discovery of venture opportunities back home.
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