N/A

An increasing number of startup companies in Indonesia has led to high demand for investment capital in this country. This has opened the door for foreign investors to meet the demand generated by Indonesian startup companies. The result has been growth in cross-border venture capital (VC) investment in Indonesian startups, mainly from Singapore. This thesis draws on institutional theory to examine this phenomenon and assess whether cross-border investment increases when institutional distance is shortened. The study uses a qualitative descriptive method to examine the phenomenon of increasing cross-border investment. Three institutional distances are considered: regulative distance, normative distance, and cultural distance. The study finds that all three factors play an essential role in attracting cross-border VC investment in Indonesian startup companies.

Journals and Articles
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