Corporate Venture Capital and the Nature of Innovation

Hannes Maxin (maxin@mik.uni-hannover.de)

VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking from Verein für Socialpolitik / German Economic Association

Abstract: The present paper solely focuses on the investment decisions of two corporate venture capital firms. These investors have to decide whether to finance a wealthless venture alone or to share the profits and the costs with the other investor, called syndication. The critical point are the innovation objectives of the corporate investors respectively the nature of innovation of the venture. To my knowledge, no other theoretical paper considers such a financing situation consisting of two CVCs.

JEL-codes: G24 M13 (search for similar items in EconPapers)
Date: 2017
New Economics Papers: this item is included in nep-cfn, nep-ent, nep-ino and nep-sbm
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https://www.econstor.eu/bitstream/10419/168199/1/VfS-2017-pid-3138.pdf (application/pdf)

Related works:
Journal Article: Corporate venture capital and the nature of innovation (2020)
Working Paper: Corporate Venture Capital and the Nature of Innovation (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:vfsc17:168199

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