Gao, Xiang; Shi, Guoping; Wu, Yige; Zhang, Luming - In: Journal of risk and financial management : JRFM 16 (2023) 1, pp. 1-12
We investigate how state-owned corporate venture capital differs from privately owned corporate venture capital in fostering innovation among startups. Based on the data of Chinese A-share listed companies and the startups in their portfolios that they invested in between 2009 and 2018, we find...