Corporate Venture Capital: Towards Understanding Who Does it, Why and How - Executive Summary

11 Pages Posted: 1 Apr 2009 Last revised: 27 Jul 2012

See all articles by Sandip Basu

Sandip Basu

City University of New York - Narendra Paul Loomba Department of Management

Date Written: August 1, 2007

Abstract

Corporate Venture Capital (CVC) investments by established firms in entrepreneurial ventures are used to explore for new competences. I examine the question: Under what conditions do established firms engage in CVC? Conducting a field study and a quantitative study, I propose hypotheses about the influence of industry- and firm-level conditions on firms' CVC activity. I test these hypotheses by observing a sample of Fortune 500 firms longitudinally from 1990-2000. I also examine how CVC units enable exploratory learning in parent firms by inductively analyzing my field data. I discuss implications for corporate entrepreneurship, real options, organizational ambidexterity and dynamic capabilities.

Keywords: venture capital, entrepreneurial, venture, corporate venture capital, entrepreneurship

Suggested Citation

Basu, Sandip, Corporate Venture Capital: Towards Understanding Who Does it, Why and How - Executive Summary (August 1, 2007). Available at SSRN: https://ssrn.com/abstract=1371675 or http://dx.doi.org/10.2139/ssrn.1371675

Sandip Basu (Contact Author)

City University of New York - Narendra Paul Loomba Department of Management ( email )

NY
United States

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