Progress toward understanding tensions in corporate venture capital: A systematic review

Euiju Jeon and Markku Maula

Journal of Business Venturing, 2022, vol. 37, issue 4

Abstract: We systematically review the past four decades of research on tensions in corporate venture capital (CVC) and inductively identify three main tensions: (1) multiple stakeholders championing CVC-based exploration versus core business-focused exploitation, (2) CVC programs simultaneously belonging to the corporate parent versus the startup/venture capital (VC) world, and (3) startups and VCs viewing CVC programs as a threat versus an opportunity. By combining the understanding of the CVC phenomenon with that of the paradox literature, we expand our understanding of why, how, and when contradictory goals and multiple stakeholder expectations result in tensions and how these tensions can be managed.

Keywords: Corporate venture capital; Tensions; Paradoxes; Systematic review (search for similar items in EconPapers)
JEL-codes: G24 M13 O31 O32 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (16)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbvent:v:37:y:2022:i:4:s0883902622000386

DOI: 10.1016/j.jbusvent.2022.106226

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