Corporate venture capital: The role of governance factors

Sergey Anokhin, Simon Peck, Joakim Wincent

Research output: Contribution to journalArticlepeer-review

9 Citations (Scopus)


Research on corporate venture capital (CVC) has consistently proven its importance for innovation and other strategic goals, yet information on the antecedents of CVC activity is scarce. This study provides theoretical arguments for the role of governance factors including board, CEO, and institutional ownership characteristics. Empirical evidence from an international sample of global CVC investments shows that factors such as having a board with multiple board mandates and institutional ownership are important factors for CVC activity. The conclusion is that the role of governance factors is important, and that subsequent research should not ignore this group of factors.

Original languageEnglish
Pages (from-to)4744-4749
Number of pages6
JournalJournal of Business Research
Issue number11
Publication statusPublished - 1 Nov 2016
Externally publishedYes


  • Corporate governance
  • Corporate venture capital
  • CVC investments

ASJC Scopus subject areas

  • Marketing

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