Corporate Venturing Performance: An Investigation Into the Applicability of Venture Capital Models
- Topics:
- Innovation,
- Venture Capital
- Tags:
- Corporate Venturing,
- Venture Capital,
- Performance Management,
- Performance,
- London Business School,
- Investment,
- Human Resources,
- Financing Startups,
- Finance,
- Workforce Management
- Source:
- London Business School
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Overview: This paper reports a study that examined this assertion more directly through surveying 95 corporate venture units across 3 continents (Europe, South East Asia and North America) and examining the association between their organizational structures, management practices and investment practices, and multiple measures of venture unit performance. Regression analyses found limited support for direct relationships between the adoption of elements of the VC (Venture Capital) model and superior corporate venture unit performance: only the adoption of the syndication-based investment practices of the VC model consistently influenced venture unit performance directly. This finding may be interpreted in terms of enhanced exploratory search being undertaken by corporate venture units modelling VC investment syndication practices.
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Format: PDF | Size: 640KB | Date: Jan 2003 | Pages: 42



