Show Summary Details

Page of

PRINTED FROM OXFORD HANDBOOKS ONLINE (www.oxfordhandbooks.com). © Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy and Legal Notice).

date: 18 February 2019

Abstract and Keywords

This article reviews the academic literature on corporate venture capital (CVC), that is, minority equity investments by established corporations in privately held entrepreneurial ventures. The article is organized as follow. It starts with a detailed definition of corporate venture capital, its historical background, and an extensive review of investment patterns. Next it discusses the corporate venture capital literature, with an emphasis on rigorous empirical studies published in leading academic journals. It reviews firms' objectives through the governance of their CVC programs and the relationships with the portfolio companies, and examines the interactions between CVC investment and other firm activities (e.g., alliances and M&A) as well as other entities (e.g., independent venture capital funds). The performance of the parent corporations, entrepreneurial ventures, and CVC programs is summarized next. The article concludes with directions for future research.

Keywords: minority equity investments, CVC programs, corporate venture capital, parent corporations, entrepreneurial ventures

Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.