Playing with the Devil? Organizational Voids within Corporate Venture Capital Dyads

In A. Moritz, J. Block, S. Golla, & A. Werner (Eds.), Contemporary Developments in Entrepreneurial Finance: 229-247. Cham: Springer, Forthcoming

29 Pages Posted: 27 Nov 2019

See all articles by Patrick Röhm

Patrick Röhm

University of Hohenheim

Andreas Kuckertz

University of Hohenheim

Date Written: 2019

Abstract

When acting as an intermediary, corporate venture capital (CVC) units must balance two different institutional settings: the rigid corporate world and the advancing startup ecosystem. As a result, CVC units are faced with multiple voids that influence their organizational orientation toward one environment. This study employs text analysis on a unique sample of 22 CVC dyads to introduce a novel empirical way of measuring isomorphic variation over time. Following a mixed-method approach, the quantitative results are used to shed light on potential drivers of isomorphism, compiled by semi-structured interviews. The findings demonstrate that the degree of isomorphism is not only determined by decisions made during the initial phase of a CVC unit, but also from mimetic processes that occur within the lifespan of such investment vehicles. The study thereby contributes to the ongoing academic discussion by elucidating potential drivers of isomorphism and provides researchers with a novel way to measure isomorphic tendencies based on organizational text excerpts.

Keywords: corporate venture capital, isomorphism, competing environments, mixed-methods

JEL Classification: C12, C30, C38, G24, G32, M13

Suggested Citation

Röhm, Patrick and Kuckertz, Andreas, Playing with the Devil? Organizational Voids within Corporate Venture Capital Dyads (2019). In A. Moritz, J. Block, S. Golla, & A. Werner (Eds.), Contemporary Developments in Entrepreneurial Finance: 229-247. Cham: Springer, Forthcoming. Available at SSRN: https://ssrn.com/abstract=3484115 or http://dx.doi.org/10.2139/ssrn.3484115

Patrick Röhm

University of Hohenheim ( email )

Fruwirthstr. 48
Stuttgart, 70599
Germany

Andreas Kuckertz (Contact Author)

University of Hohenheim ( email )

Wollgrasweg 49
Stuttgart, 70599
Germany
+49 711 459-24820 (Phone)
+49 711 459-24826 (Fax)

HOME PAGE: http://entrepreneurship.uni-hohenheim.de/

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