Corporate Venture Capital Investments and Market Valuation: Moderating Role of Uncertainty

2013 ◽  
Vol 2013 (1) ◽  
pp. 16159
Author(s):  
Xueji Jessie Liang ◽  
Jane Lu
Keyword(s):  
Venture Capital ◽  
Market Valuation ◽  
Capital Investments ◽  
Corporate Venture Capital ◽  
Corporate Venture ◽  
Venture Capital Investments ◽  
Moderating Role

scholarly journals Partnership versus corporation: untangling the governance dilemma of corporate venture capital

2008 ◽  
Vol 6 (1-2) ◽  
pp. 263-267
Author(s):  
Gianfranco Gianfrate ◽  
Laura Zanetti
Keyword(s):  
Venture Capital ◽  
Research Note ◽  
Capital Investments ◽  
Corporate Venture Capital ◽  
Financial Returns ◽  
Corporate Venture ◽  
Venture Capital Investments

This brief research note discusses the role of organizational and governance design in a specific sector, namely the Corporate Venture Capital (CVC). This specific segment of the venture capital industry has so far proved to be at least as successful as venture capital investments carried out by “independent” or “pure” players, but corporate-sponsored initiatives tend to be more short-lived, cyclical and unstable. Unlike traditional venture capital funds, CVC established by corporations usually seek both financial returns and “strategic” benefits. We discuss the dilemma faced by corporations setting-up CVC programs in terms of governance design and ownership arrangements, showing that strategic and financial performances are unlikely to be conjointly maximized, thus leading to the inherent instability of such programs.

Sign in / Sign up

Export Citation Format

Share Document