Home > Research > Publications & Outputs > Value added by venture capitalists
View graph of relations

Value added by venture capitalists: the case of EDC (Export Development Canada)

Research output: ThesisMaster's Thesis

Publication date2013
Number of pages66
QualificationMasters by Research
Awarding Institution
  • University of Ottawa
  • Riding, Allan, Supervisor, External person
  • Lajili, Kaouthar, Supervisor, External person
Thesis sponsors
  • University of Ottawa
  • University of Ottawa
<mark>Original language</mark>English
Externally publishedYes


It is generally well understood that venture capital (VC) is an important and significant source of financing for small firms. Questions revolving around the increased likelihood of a firm backed by Venture Capitalists (VCs) to be export oriented have yet to be fully explored. Responding to this research gap, a sample of Canadian VC backed firms is used to compare the performance of Canadian VC firms in terms of facilitating internationalization among their portfolio companies.
The particular reference of this study is Export Development Canada (EDC), a crown corporation mandated to promote export among Canadian firms. This research finds that EDC as a VC investor and export-oriented consultant has no association with the increased probability of exporting. Also, stage of the investment does not show any relationship with internationalization. These results run contrary to previous speculation that syndication of VCs increases the probability of internationalization among portfolio firms.