This paper examines the benefits to local venture capital (VC) firms of syndicating with foreign partners. We find that post-syndication, local VC firms change their investment behavior from investing in low risky sectors to high risky sectors. Further, a larger number of their portfolio...

In this paper we investigate drivers of corporate venture capital investment announcements. Using a comprehensive sample of investments made by corporate venture capital programs of publicly listed US corporations, we find that about 2/3 of the investments are publicly announced. Consistent with...