scholarly journals Marketing Alliances, Firm Networks, and Firm Value Creation

2009 ◽  
Vol 73 (5) ◽  
pp. 52-69 ◽  
Author(s):  
Vanitha Swaminathan ◽  
Christine Moorman
2003 ◽  
Vol 11 (2) ◽  
pp. 155-170 ◽  
Author(s):  
F. XAVIER MOLINA-MORALES ◽  
M. TERESA MARTÍNEZ-FERNAÁNDEZ

2013 ◽  
Vol 21 (3) ◽  
pp. 232-256 ◽  
Author(s):  
Yang Yang ◽  
Xiaohua Yang ◽  
Barry W. Doyle

2020 ◽  
Vol 2020 (1) ◽  
pp. 18121
Author(s):  
Gaylen N Chandler ◽  
Michael S. McLeod ◽  
John Christian Broberg
Keyword(s):  

2021 ◽  
Vol 18 (4) ◽  
pp. 117-133
Author(s):  
Giacomo Bider ◽  
Gimede Gigante

The practice of corporate venture capital (CVC) has been widely adopted by corporations that invest in highly disruptive start-ups with the aim of fueling innovation and gain strategic advantages. Even if a wide consensus exists on the strategic benefits and performance of CVC investors in the North American venture capital industry, scarce information is available on the European CVC ecosystem. Therefore, the scope of this research is to investigate whether CVC activity, measured as the number of investments, deal size, and the number of realized exits is beneficial for value creation and innovation for European listed companies. Using a panel of CVC investors linked to European listed firms, it is found evidence that CVC activity creates firm value in the period under consideration (2008–2019), confirming North American’s past evidence. Surprisingly, exits convey a negative effect on firm value, suggesting that CVC performance may not be satisfactory enough. Moreover, when considering innovation, evidence is presented that investing in rounds with a higher deal size positively affects investor’s patenting levels, indicating that the later the start-up’s stage in its life cycle, the higher the possibility for the CVC investor to effectively absorb its technology. The relationship is true also for lagged CVC activity, confirming deferred effects on innovation demonstrated on US companies. The findings shed light on the European CVC ecosystem and give room for additional research on CVC investors’ exit performance and co-investors’ benefits on patenting levels


2008 ◽  
Author(s):  
Dr. Lokanandha Reddy Irala ◽  
Raghunatha Reddy
Keyword(s):  

Sign in / Sign up

Export Citation Format

Share Document