Impact of corporate venture capital firms' organisation on their performance

Tatiana Tauhata; Myles Flott; Michael Neubert; Samson Omale

doi:10.1504/ijtcs.2020.111149

Impact of corporate venture capital firms' organisation on their performance

International Journal of Teaching and Case Studies ◽

10.1504/ijtcs.2020.111149 ◽

2020 ◽

Vol 11 (3) ◽

pp. 258

Author(s):

Tatiana Tauhata ◽

Myles Flott ◽

Michael Neubert ◽

Samson Omale

Keyword(s):

Venture Capital ◽

Corporate Venture Capital ◽

Corporate Venture ◽

Venture Capital Firms

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In Which Regions Do Governmental, Independent, and Corporate Venture Capital Firms Invest? An Empirical Investigation across 402 German Regions

Contemporary Developments in Entrepreneurial Finance - FGF Studies in Small Business and Entrepreneurship ◽

10.1007/978-3-030-17612-9_8 ◽

2019 ◽

pp. 201-227

Author(s):

Christian Masiak ◽

Christian Fisch ◽

Joern H. Block

Keyword(s):

Venture Capital ◽

Empirical Investigation ◽

Corporate Venture Capital ◽

German Regions ◽

Corporate Venture ◽

Venture Capital Firms

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Moderating Factors in Distant Investment of Corporate Venture Capital

Journal of Open Innovation Technology Market and Complexity ◽

10.3390/joitmc5010019 ◽

2019 ◽

Vol 5 (1) ◽

pp. 19 ◽

Cited By ~ 1

Author(s):

Shinhyung Kang ◽

JungTae Hwang

Keyword(s):

Venture Capital ◽

Target Selection ◽

Corporate Venture Capital ◽

Information Cost ◽

Business Units ◽

Moderating Factors ◽

Corporate Venture ◽

Venture Capital Firms ◽

Selection Of

The role of venture capital as mediator and gatekeeper is well acknowledged and geographical barriers for open innovation have been questioned, but venture capital firms’ distant investments have been investigated only rarely. The strategic benefits accrued from corporate venture capital (CVC) investment depend on the selection of target ventures. Prior research, however, overlooked the incurred information cost for identifying a potential target. Considering that innovative ventures often reside in distant locations, this paper aims to investigate what factors alleviate the information cost for CVCs when identifying target ventures in distant locations. We expect a CVC’s target selection in distant locations will be limited to the ventures under a tight appropriability regime, ventures within the same industries as a CVC’s business units, and ventures with pre-existing investors that a CVC has prior ties with. The hypotheses are tested with the data on CVC investments in the U.S. between 2006 and 2013. The results empirically support the hypotheses.

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