Transferability of the venture capital model to the corporate context: implications for the performance of corporate venture units

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Transferability of the venture capital model to the corporate context: implications for the performance of corporate venture units

Birkinshaw, Julian M. - ; Hill, Susan A. - ; Maula, Markku V. J. - ; Murray, Gordon C. - ;

While recent literature has advocated the transfer of venture capital (VC) practices and structures to corporate venture (CV) units, the wisdom of this advice has not been subject to rigorous empirical scrutiny. We test the implications of the VC model for CV unit performance using a longitudinal database combining survey, archival, and survival data on 95 CV units. VC model elements of high-powered incentives, autonomous organization, investment syndication, investment staging, and specialization were each associated with higher CV unit performance. Critically, different elements of the VC model predicted improvements in either strategic or financial performance in CV units. Survival of the CV unit was strongly associated with employing the VC model, partially mediated by enhanced performance..Printed journal

Ketersediaan

Call Number	Location	Available
	PSB lt.dasar - Pascasarjana	1

Penerbit	Strategic Management Society.,
Edisi	-
Subjek	Financial performance Venture capital Corporate venture unit Strategic performance Survival Practice transfer
ISBN/ISSN	19324391
Klasifikasi	-
Deskripsi Fisik	-
Info Detail Spesifik	-
Other Version/Related	Tidak tersedia versi lain
Lampiran Berkas	Tidak Ada Data