TY - JOUR
T1 - Corporate venture capital
T2 - The role of governance factors
AU - Anokhin, Sergey
AU - Peck, Simon
AU - Wincent, Joakim
PY - 2016/11/1
Y1 - 2016/11/1
N2 - 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.
AB - 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.
KW - Corporate governance
KW - Corporate venture capital
KW - CVC investments
UR - http://www.scopus.com/inward/record.url?scp=84964577775&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84964577775&partnerID=8YFLogxK
U2 - 10.1016/j.jbusres.2016.04.024
DO - 10.1016/j.jbusres.2016.04.024
M3 - Article
AN - SCOPUS:84964577775
VL - 69
SP - 4744
EP - 4749
JO - Journal of Business Research
JF - Journal of Business Research
SN - 0148-2963
IS - 11
ER -