When do incumbents learn from entrepreneurial ventures?: Corporate venture capital and investing firm innovation rates

G Dushnitsky, MJ Lenox - Research Policy, 2005 - Elsevier
In this paper, we focus on the potential innovative benefits to corporate venture capital
(CVC), ie equity investments in entrepreneurial ventures by incumbent firms. We propose …

When does corporate venture capital investment create firm value?

G Dushnitsky, MJ Lenox - Journal of business venturing, 2006 - Elsevier
Over the past decade, billions of dollars have been invested by established companies in
entrepreneurial ventures—what is often referred to as corporate venture capital. Yet, there is …

Does governmental venture capital spur invention and innovation? Evidence from young European biotech companies

F Bertoni, T Tykvová - Research Policy, 2015 - Elsevier
This paper explores whether and how governmental venture capital investors (GVCs) spur
invention and innovation in young biotech companies in Europe. To gauge invention we …

The impact of venture capital on the productivity growth of European entrepreneurial firms:'Screening'or 'value added'effect?

A Croce, J Martí, S Murtinu - Journal of Business Venturing, 2013 - Elsevier
We aim to ascertain to what extent the better performance of European venture capital (VC)‐
backed firms in high-tech industries is due to either 'screening'or 'value added'provided by …

In search of complementary assets: The determinants of alliance formation of high-tech start-ups

MG Colombo, L Grilli, E Piva - Research policy, 2006 - Elsevier
Why do new technology-based firms (NTBFs) cooperate? Starting from Teece's [Teece, DJ,
1986. Profiting from technological innovation: implications for integration, collaboration …

Institutions and the internationalization of US venture capital firms

I Guler, MF Guillén - Journal of International Business Studies, 2010 - Springer
In recent years, venture capital firms have increasingly turned to foreign countries in search
of investment opportunities. The cross-border expansion of venture capital firms presents an …

Crowd equity investors: An underutilized asset for open innovation in startups

F Di Pietro, A Prencipe… - California Management …, 2018 - journals.sagepub.com
Collaborating with investor networks generated in the course of equity-based crowdfunding
campaigns can contribute to the success of startup firms. Through a qualitative study of 60 …

Creating venture capital industries that co-evolve with high tech: Insights from an extended industry life cycle perspective of the Israeli experience

G Avnimelech, M Teubal - Research Policy, 2006 - Elsevier
This paper presents an industry life cycle model of venture capital (VC) and associated
startup-intensive high-tech clusters based on the Israeli experience of the last 35 years …

The patterns of venture capital investment in Europe

F Bertoni, MG Colombo, A Quas - Small business economics, 2015 - Springer
We study the investment patterns of different types of venture capital (VC) investors in
Europe: independent VC, corporate VC, bank-affiliated VC and governmental VC. We rely …

The life cycle of corporate venture capital

S Ma - The Review of Financial Studies, 2020 - academic.oup.com
This paper investigates why industrial firms conduct Corporate Venture Capital (CVC)
investment in entrepreneurial companies. I test alternative views on CVC by exploiting the …