Identifying Corporate Venture Capital Investors – A Data-Cleaning Procedure
Finance Research Letters, Volume 32, January 2020, 101092
14 Pages Posted: 19 May 2020
Date Written: 2020
The majority of research on corporate venture capital (CVC) relies on data retrieved from secondary databases. The various databases however define CVC differently. Generally, researchers rely on the definition of the used database. As a result, empirical CVC research is not readily comparable, and replicability across databases is often impossible. This article examines the scope and consistency of the most popular databases in CVC research: Eikon from Thomson Reuters and Dow Jones’ VentureSource. The outcome is a replicable data-cleaning procedure based on an appropriate CVC definition. The article provides a necessary basis for the future discourse on CVC.
Keywords: Corporate venture capital, CVC, databases
JEL Classification: G24
Suggested Citation: Suggested Citation