The strategic value of corporate venture capital investments

Puricel, Ecaterina; Hacklin, Fredrik; Battistini, Boris

doi:10.5465/AMBPP.2017.12085abstract

Publication type:	Conference other
Type of review:	Peer review (abstract)
Title:	The strategic value of corporate venture capital investments
Authors:	Puricel, Ecaterina Hacklin, Fredrik Battistini, Boris
et. al:	No
DOI:	10.5465/AMBPP.2017.12085abstract
Proceedings:	Academy of Management Proceedings
Volume(Issue):	2017
Issue:	1
Conference details:	Academy of Management Annual Meeting, Atlanta, 4-8 August 2017
Issue Date:	2017
Publisher / Ed. Institution:	Academy of Management
Language:	English
Subject (DDC):	658.1: Organization and finance
Abstract:	It is well established that firms engage with corporate venturing activities for both financial and strategic goals. Although the financial goals and benefits of corporate venture capital (CVC) investments are well understood, only limited efforts have been made to describe and elaborate on the less tangible elements of strategic value CVC investments can bring to a firm. This study uncovers the strategic benefits of CVC investments by examining an investment case that was perceived as a success in the narrative of the firm, despite having underperformed with regard to its financial goals. We theorize and develop on the core mechanisms of “ecosystem participation”, “sustained engagement” and “resource matching”, which jointly constitute value drivers of CVC. Our study contributes to the literature on corporate entrepreneurship by offering a more nuanced understanding of central mechanisms behind CVC, and offers a novel perspective on the notion of value at large.
URI:	https://digitalcollection.zhaw.ch/handle/11475/22507
Fulltext version:	Published version
License (according to publishing contract):	Licence according to publishing contract
Departement:	School of Management and Law
Appears in collections:	Publikationen School of Management and Law

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Puricel, E., Hacklin, F., & Battistini, B. (2017). The strategic value of corporate venture capital investments [Conference presentation]. Academy of Management Proceedings, 2017(1). https://doi.org/10.5465/AMBPP.2017.12085abstract

Puricel, E., Hacklin, F. and Battistini, B. (2017) ‘The strategic value of corporate venture capital investments’, in Academy of Management Proceedings. Academy of Management. Available at: https://doi.org/10.5465/AMBPP.2017.12085abstract.

E. Puricel, F. Hacklin, and B. Battistini, “The strategic value of corporate venture capital investments,” in Academy of Management Proceedings, 2017, vol. 2017, no. 1. doi: 10.5465/AMBPP.2017.12085abstract.

PURICEL, Ecaterina, Fredrik HACKLIN und Boris BATTISTINI, 2017. The strategic value of corporate venture capital investments. In: Academy of Management Proceedings. Conference presentation. Academy of Management. 2017

Puricel, Ecaterina, Fredrik Hacklin, and Boris Battistini. 2017. “The Strategic Value of Corporate Venture Capital Investments.” Conference presentation. In Academy of Management Proceedings. Vol. 2017. Academy of Management. https://doi.org/10.5465/AMBPP.2017.12085abstract.

Puricel, Ecaterina, et al. “The Strategic Value of Corporate Venture Capital Investments.” Academy of Management Proceedings, vol. 2017, no. 1, Academy of Management, 2017, https://doi.org/10.5465/AMBPP.2017.12085abstract.