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control the most recent innovations often have recourse to corporate venture capital (CVC) as strategic mode of financing. The … capital funds will be key factors for future development. In order to gain a better understanding of the role of CVC in the … financing of innovating firms, we propose in this article to analyze the various types of CVC on the basis of former studies as …
Persistent link: https://www.econbiz.de/10010764025
Since 1984 Informal Venture Networks (VCNs) have been formed and are currently operating in several states and Canada. However, little has been written in regard to the performance of these networks. This article presents the results of preliminary research concerning their performance. Our...
Persistent link: https://www.econbiz.de/10010790645
Scholar research seems to confirm that the type of funding of a university spin-off venture influences these survival chances. This study aims to investigate whether the basic type of funding used for young university spin-offs influences the survival chances. The reasoning is that screening by...
Persistent link: https://www.econbiz.de/10008755707
-backed firms in the period that immediately follows the VC investment should outpace that of CVC-backed firms, while we expect no …Independent venture capital (IVC) investors have more powerful incentives than corporate venture capital (CVC … in the treatment effect of IVC and CVC on the mode of growth of portfolio companies. Short-term sales growth of IVC …
Persistent link: https://www.econbiz.de/10010988502
We provide new rationales for corporate venturing (CV), based on competition for talented managers. As returns to venturing increase, firms engage in CV for reasons other than capturing these returns. First, higher venturing returns increase managerial compensation, to which firms respond by...
Persistent link: https://www.econbiz.de/10010905343
distinguish financial intermediaries (FVC) and non-financial companies (i.e. corporate venture capital, CVC) as a source of VC …The financial literature claims that venture capital (VC) financing spurs the growth of new technology- based firms …. The aim of the paper is to test whether a) VC financing has a positive effect on the subsequent growth of employment and …
Persistent link: https://www.econbiz.de/10010789209
We provide new rationales for corporate venturing (CV), based on competition for talented managers. As returns to venturing increase, firms engage in CV for reasons other than capturing these returns. First, higher venturing returns increase managerial compensation, to which firms respond by...
Persistent link: https://www.econbiz.de/10008791748
This survey reviews the growing body of academic work on venture capital. It lays out the major data sources used. It examines the work on venture capital investments in companies, looking at issues of selection, contracting, post-investment services and exits. The survey considers recent work...
Persistent link: https://www.econbiz.de/10011091468
We identify 72 bank Mergers and Acquisitions (M&As), in which US banks acquired other financial institutions. We focus on the role of timing at M&A in the context of boom phase and financial crisis. Applying event study methodology, we examine: value generation to bank shareholders; value...
Persistent link: https://www.econbiz.de/10009352489
Corporate venture capital (CVC) is an important concept for large firms to manage innovation. CVC has been pioneered by … energy companies had launched CVC funds. In the most recent past, however, many energy companies have discontinued their … activities, leading to what might be called the 'sudden death syndrome' of CVC in this industry. Our qualitative research …
Persistent link: https://www.econbiz.de/10008755713