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Author : Anu Wadhwa
Publisher :
ISBN 13 :
Total Pages : 376 pages
Book Rating : 4.:/5 (627 download)
Download or read book Impact of Corporate Venture Capital on Knowledge Creation in Corporate Investors written by Anu Wadhwa and published by . This book was released on 2005 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Timo B. Poser
Publisher : Springer Science & Business Media
ISBN 13 : 3322814688
Total Pages : 311 pages
Book Rating : 4.3/5 (228 download)
Download or read book The Impact of Corporate Venture Capital written by Timo B. Poser and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: Timo B. Poser shows that Corporate Venture Capital offers a broad set of advantages, but has a limited impact on sustainable competitive advantage of the investing firm.
Author : Thomas Kunzmann
Publisher : diplom.de
ISBN 13 : 3832468331
Total Pages : 108 pages
Book Rating : 4.8/5 (324 download)
Download or read book Corporate Venture Capital as a Viable Instrument to Foster Innovation written by Thomas Kunzmann and published by diplom.de. This book was released on 2003-05-20 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inhaltsangabe:Zusammenfassung: Immer mehr junge Unternehmungen erobern Märkte, die vormals von etablierten Konzernen dominiert waren. Innovationen können verhindern, dass Konzerne langfristig von solchen Unternehmungen verdrängt werden. Corporate Venture Capital (CVC) stellt eine geeignete Form dar das Innovationsmanagement zu unterstützen. Obwohl es eng mit dem Venture Capital Finanzierungskonzept verwandt ist, stellt CVC eine für Unternehmen variierte Form Innovation zu schüren dar. Die Diplomarbeit beschäftigt sich in einem empirischen Teil mit dem Einsatz dieses Instrumentes in einem Entwicklungsland, wo naturgemäß Innovationsaktivitäten weniger ausgeprägt sind. Deswegen stoßen Konzerne beim erfolgreichen Einsatz von CVC auf Hindernisse und Grenzen. Eine Analyse des Brasilianischen CVC Marktes und eine integrierte Fallstudie eines großen nationalen CVC Gebers offenbaren Unterschiede zu Industrieländern. Die gegenwärtige Forschung, welche meist auf Industrieländer beschränkt bleibt, stuft strategische CVC Aktivitäten als sehr sinnvoll sein. Die Analyse ergibt jedoch, dass finanzielle Zielsetzungen in Brasilien überwiegen. Unterschiedliche Markt und Regulierungsbedingungen, Kulturunterschiede, Schwachstellen im der Makroökonomischen Umwelt, im Anreizsystem sowie andere Herausforderungen, erfordern Anpassungen beim Einsatz von CVC, um mit erhöhten Risiken besser umzugehen, unabhängig in welcher Phase des CVC Prozesses. Nichtsdestotrotz erscheint CVC ein geeignetes Innovationsinstrument in Brasilien zu sein und besitzt noch Entwicklungspotential. Abstract: Corporations require innovation to maintain business, since small enterprises with new products can rapidly overtake slow established ones. Corporate venture capital seems attractive to generate radical innovation. While CVC is closely related to the financing concept of venture capital, corporations increasingly use corporate venture capital to foster innovation efforts. In developing countries, where innovation activities are scarce, corporations face many obstacles and barriers to deploy successfully corporate venture capital. An empirical study of Brazil's corporate venture capital market reveals business practices different from conventional concepts in industrialized countries. According to conventional knowledge, strategic corporate venture capital investments make most sense, but in practice financial objectives dominate in Brazil. Different market and regulatory conditions, [...]
Author : Karsten Jennissen
Publisher : diplom.de
ISBN 13 : 3832443169
Total Pages : 99 pages
Book Rating : 4.8/5 (324 download)
Download or read book An evaluation of the relevance of corporate venture capital investment as a means for diversified high technology concerns to sustain competitiveness written by Karsten Jennissen and published by diplom.de. This book was released on 2001-07-16 with total page 99 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inhaltsangabe:Abstract: This paper evaluates how corporate venture capital investment can contribute to sustaining the competitiveness of large high technology concerns. In the first section the author sets the framework by explaining terminology in the context of technolgy and innovation as well as the market for technology companies. In addition, general issues regarding technology companies and their market environment are discussed. To obtain a means of evaluation, then issue of competitiveness of high technology concerns in the current market situation is examined in general. Competitiveness is discussed and explained by reviewing a substantial amout of literature along a framework developed by Feurer and Chaharbaghi. The chapter culminates in developing an approach to sustaining competitiveness for high technology concerns. As the aspects that determine competitiveness cover a broad spectrum, this section is the main part of the paper. Once an approach to sustaining competitiveness has been developed the third and last part examines in which way the efforts of high technology concerns to sustain competitiveness are advanced by corporate venture capital investment. Essentially, the conclusions drawn do not negate the effect of corporate venture capital, but set a limited and consise scope for corporate venture capital investment. Inhaltsverzeichnis:Table of Contents: List of abbreviations5 List of figures6 List of tables7 A.Introduction and methodology8 B.Basics regarding technology and high technology concerns10 I.Definitions and characteristics of technology and the technology market10 1.Science and research10 2.Technology10 3.Technique13 4.Types of research14 5.Innovation14 6.The concept of core technology15 7.Technology S-curve and life-cycle16 8.Technology intensity19 9.Customers22 10.Technology companies24 11.The field of research management of technology 25 12.The scope of this paper26 II.Target firms and the high technology market26 1.Market trends27 2.Strengths and weaknesses of target firms when compared with other types of technology companies28 a.Weaknesses28 b.Strengths29 3.Window on technology29 4.New technologies and new markets32 C.Competitiveness33 I.Customer values34 1.Real option values for customers36 2.Competitive values38 II.Shareholder values40 1.Real option values for shareholders42 2.Relation of customer and shareholder values42 III.The ability to act and react and the dynamism [...]
Author : Phillip Ryan
Publisher : The Rosen Publishing Group, Inc
ISBN 13 : 1448867959
Total Pages : 82 pages
Book Rating : 4.4/5 (488 download)
Download or read book How Venture Capital Works written by Phillip Ryan and published by The Rosen Publishing Group, Inc. This book was released on 2012-07-01 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explanations to the inner workings of one of the least understood, but arguably most important, areas of business finance is offered to readers in this engaging volume: venture capital. Venture capitalists provide necessary investment to seed (or startup) companies, but the startup is only the beginning, there is much more to be explored. These savvy investors help guide young entrepreneurs, who likely have little experience, to turn their businesses into the Googles, Facebooks, and Groupons of the world. This book explains the often-complex methods venture capitalists use to value companies and to get the most return on their investments, or ROI. This book is a must-have for any reader interested in the business world.
Author : Ji Youn Kim
Publisher :
ISBN 13 :
Total Pages : 123 pages
Book Rating : 4.:/5 (896 download)
Download or read book The Formation and Outcome of Corporate Venture Capital Investments Between Incumbents and New Ventures written by Ji Youn Kim and published by . This book was released on 2014 with total page 123 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation examines the formation and outcomes of interorganizational partnerships between industry incumbents and new ventures. New ventures are often a powerful competitive force threatening established firms, but incumbent firms can also benefit from collaborating with them and acquiring external knowledge. Although there has been significant research on the topic, relatively little is known about relational factors that influence who partners with whom and how. Also, strategic benefits of partnering with new ventures for incumbent firm's learning have not been scrutinized; in particular, whether making such formal arrangements is the best way for incumbents to attain knowledge from new ventures, and whether there are any alternative learning mechanisms available have not been examined. I address these issues in the context of corporate venture capital (CVC) investments, typically the first relationships formed between new ventures and incumbent firms. First, I examined how new ventures' social ties with potential corporate investors based on founders' employment or prior co-investments of the lead venture capital firm influence the formation of CVC investment deals. Second, I examined the relative effects of multiple mechanisms including CVC investments on incumbent firm learning from new ventures. I find that 1) the formation of investment relationships between new ventures and incumbents is a joint function of social ties between them, an incumbent firm's integrity regarding the intellectual property of others, and technological links between them; 2) CVC investments have little independent effect on incumbent firm learning from new ventures when alternative knowledge transfer mechanisms such as hiring inventors from new ventures, prior knowledge spillover links and outbound inventor mobility are simultaneously accounted for.
Author : Joseph F. Tollington
Publisher : Nova Science Publishers
ISBN 13 : 9781608769360
Total Pages : 0 pages
Book Rating : 4.7/5 (693 download)
Download or read book The Role of Corporate Venture Capital in Innovation written by Joseph F. Tollington and published by Nova Science Publishers. This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Venture capital (also known as VC or Venture) is a type of private equity capital typically provided for early-stage, high-potential, growth companies in the interest of generating a return through an eventual realisation event such as an IPO or trade sale of the company. Venture capital investments are generally made as cash in exchange for shares in the invested company. It is typical for venture capital investors to identify and back companies in high technology industries such as biotechnology and ICT (information and communication technology). This book details the role of venture capital in innovation.
Author : Daniel Schmidt
Publisher : Anchor Academic Publishing (aap_verlag)
ISBN 13 : 3954896907
Total Pages : 54 pages
Book Rating : 4.9/5 (548 download)
Download or read book Entrepreneur’s choice between Venture Capitalist and Business Angel for Start-Up Financing written by Daniel Schmidt and published by Anchor Academic Publishing (aap_verlag). This book was released on 2014-02-01 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: The study extends the literature on venture capital by examining whether entrepreneur’s choice for an external investor and certain firm characteristics have an impact on venture success or not. The focus is set on the differences in value creation by venture capitalists and business angels for ventures of the high- and low-technology sector. The assessment of a data set including 252 Series A financing rounds by venture capitalist firms, business angels and collaborative investments of both investors conducted between 2005 and 2012 unveils value enhancing aspects for all three financing solutions. Overall, start-ups initially financed by venture capitalist firms perform best with regard to general venture success, whereas start-ups collaboratively supported by venture capitalists and business angels have the highest chances to exit successfully through a trade sale. It becomes further apparent that ventures located in one of the high-technology industries ‘internet’, ‘pharmaceuticals’ and ‘high-tech’, ventures that are longer established in the market and ventures whose Series A financing round was executed more recently indicate an enhanced likelihood of success.
Author : Ian MacMillan
Publisher : CreateSpace
ISBN 13 : 9781475275285
Total Pages : 44 pages
Book Rating : 4.2/5 (752 download)
Download or read book Corporate Venture Capital (CVC) Seeking Innovation and Strategic Growth written by Ian MacMillan and published by CreateSpace. This book was released on 2012-04-28 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report examines corporate venture capital (CVC) as a model of innovation. CVC programs in established corporations invest in and partner with entrepreneurial companies. By doing so, established companies are able to identify and source new emerging technologies from entrepreneurial companies. CVCs typically make a financial investment and receive a minority equity stake in an entrepreneurial company. CVCs also facilitate investment of in-kind resources into portfolio companies. In return, the parent corporation gains a window on new technologies and strategically complementary companies that could become strategic partners. CVCs generally invest with a combination of financial and strategic objectives. Strategic objectives include leveraging external sources of innovation, bringing new ideas and technologies into the company, and taking "real options" on technologies and business models (by investing in a wider array of technologies or business directions than the company can pursue itself). Corporate venture capital may be viewed in the broader context of corporate venturing, including both internal and external venturing. Internal venturing programs "go inside" the firm and create entrepreneurial ventures from within the corporation. External venturing programs "go outside" the firm and tap external sources of innovation, whether through research collaborations with universities, strategic alliances with other firms, or partnerships with entrepreneurial companies. Often, the firm's internal and external venturing efforts are closely related and interact with each other. CVC programs in established corporations face both inward and outward. They face outward to build relationships with the entrepreneurial venture community, learn about new technology and business directions, and make investments that create new strategic opportunities for the corporation. They face inward to interact with the firm's R&D and business operating units, in order to identify operating units' interests and priorities. CVCs support the corporation's existing businesses by introducing new technologies and partnerships to its operating groups. At the same time, CVCs help identify technologies and opportunities that fall between or beyond the corporation's existing businesses. This report uses industry data and original survey data to describe trends and characteristics of CVC organizations and investments. These data provide insight on a range of issues relating to CVC operations and investments. U.S. Department of Commerce, National Institute of Standards and Technology. NIST GCR 08-916
Author : Hans Landstr”m
Publisher : Edward Elgar Publishing
ISBN 13 : 1781009112
Total Pages : 305 pages
Book Rating : 4.7/5 (81 download)
Download or read book Handbook of Research on Venture Capital written by Hans Landstr”m and published by Edward Elgar Publishing. This book was released on 2012-01-01 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: ÔThis exciting second volume of cutting-edge research on venture capital takes up where volume one leaves off, bringing greater depth to topics covered in the first volume (such as angel investing) and adding new topics and insights. It poses interesting questions such as Ð Is venture capital in crisis? Are new models of early investing needed? Ð and offers carefully researched answers. Landstršm and Mason provide insightful commentary and skillfully pinpoint the contributions of a talented set of researchers. Both scholars and practitioners of venture capital will want to read this book.Õ Ð Harry J. Sapienza, University of Minnesota, US ÔThe second edition of the Handbook of Research on Venture Capital provides an important guidepost for venture capital researchers. As Landstršm and Mason point out, the nature of venture capital has changed dramatically over the last ten years. The asset class as a whole has failed to return principal and the old model is under tremendous strain. The contributors nicely highlight many of these changes, especially how venture capital has scaled beyond the US. For those of us active in venture capital research, the chapters raise many interesting research questions that deserve further attention.Õ Ð Andrew Zacharakis, Babson College, US This Handbook charts the development of venture capital research in light of the global financial crisis, starting with an analysis of the current venture capital market and the changing nature of the business angel market. Looking at governance structures, the performance of venture capitalists in terms of investments, economic impact and human capital, and the geographical organization of business angels and venture capital global ÔhotspotsÕ, this book also analyses the current state of venture capital research and offers a roadmap for the future.
Author : Timo B Poser
Publisher :
ISBN 13 : 9783322814692
Total Pages : 320 pages
Book Rating : 4.8/5 (146 download)
Download or read book The Impact of Corporate Venture Capital written by Timo B Poser and published by . This book was released on 2003-03-20 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Kevin McNally
Publisher : Routledge
ISBN 13 : 1134733631
Total Pages : 349 pages
Book Rating : 4.1/5 (347 download)
Download or read book Corporate Venture Capital written by Kevin McNally and published by Routledge. This book was released on 1997-07-10 with total page 349 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses the lack of academic and practical research into corporate venturing by examining the role of this activity as both a form of large firm-small firm collaboration and as an alternative source of equity finance for small firms. These issues are explored through surveys of independent fund managers, coporate executives and technolo
Author : Patrick Röhm
Publisher :
ISBN 13 :
Total Pages : 31 pages
Book Rating : 4.:/5 (13 download)
Download or read book A World of Difference? The Impact of Corporate Venture Capitalists' Investment Motivation on Startup Valuation written by Patrick Röhm and published by . This book was released on 2018 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corporate venture capital (CVC) investors are regularly painted with the same brush, a fact underscored by the often observed belief in the extant literature that corporate venture capitalists (CVCs) form a homogeneous group. In contrast to this simplifying perspective, this paper categorizes CVCs into subgroups by examining their levels of strategic and financial investment motivation using computer-aided text analysis and cluster analysis. To validate the resulting clusters, this paper studies the impact of CVC type on startup valuation from an intra-group perspective by applying hierarchical linear modeling, thus illustrating which particular investment motivation might be preferable to others in the context of negotiating valuations. An empirical analysis of 52 CVC mission statements and 147 startup valuations between January 2009 and January 2016 revealed that first, CVCs with a strategic investment motivation assign lower startup valuations than CVCs with an analytic motivation that have moderate levels of the two scrutinized dimensions, suggesting that entrepreneurs trade off these CVCs' value-adding contributions against a valuation discount; second, CVCs with an unfocused investment motivation pay significantly higher purchase prices, thus supporting the hypothesis that they have a so-called liability of vacillation; and third, the valuations of CVCs with a financial investment motive are not significantly different from those of their analytic peers. In sum, our results add to the knowledge of the continuum of corporate investors' investment motivation by illustrating how startup valuations differ across CVC types.
Author : Anne Moen
Publisher : Springer Science & Business Media
ISBN 13 : 9462090041
Total Pages : 285 pages
Book Rating : 4.4/5 (62 download)
Download or read book Collaborative Knowledge Creation written by Anne Moen and published by Springer Science & Business Media. This book was released on 2012-10-26 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents perspectives on the knowledge creation metaphor of learning, and elaborates the trialogical approach to learning. The knowledge creation metaphor differs from both the acquisition and the participation metaphors. In a nutshell trialogical approaches seek to engage learners in joint work with shared objects and artefacts mediated by collaboration technology. The theoretical underpinnings stem from different origins, including Bereiter and Scardamalia’s theory on knowledge building and Engeström’s activity theory. The authors in this collection introduce key concepts and techniques, explain tools designed and developed to support knowledge creation, and report results from case studies in specific contexts. The book chapters integrate theoretical, methodological, empirical and technological research, to elaborate the empirical findings and to explain the design of the knowledge creation tools. The target audiences for this book are researchers, teachers and Human Resource developers interested in new perspectives on collaborative learning, technology-mediated knowledge creation, and applications of this in their own settings, for higher education, teacher training and workplace learning. The book is the result of joint efforts from many contributors who took part in the Knowledge-practices Laboratory (KP-Lab) project (2006-2011) supported by EU FP6.
Author : Oxana Lauer
Publisher : GRIN Verlag
ISBN 13 : 3668085684
Total Pages : 25 pages
Book Rating : 4.6/5 (68 download)
Download or read book Relevance of Human Capital in the Process of Finding Venture Capital Investors written by Oxana Lauer and published by GRIN Verlag. This book was released on 2015-11-11 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2015 in the subject Business economics - Investment and Finance, grade: 1,3, University of Applied Sciences Essen, language: English, abstract: This term paper examines the relevance of human capital (HC) in the process of finding venture capital investors. Since knowledge and skills became a driver for a company's competitive advantage, the relevance of HC grew according to corporate success. Remaining competitive in the innovative and rapidly growing market environment gives innovations and, thus, HC knowledge and skills an important role within a company's value creation process. Therefore, HC and qualified employees are becoming a key factor when aiming at corporate growth and searching for capital investors. To analyse this subject, the term paper aims to screen the process of finding venture capital investors and to ascertain the role of HC in it. This will be done by first defining HC as well as venture capital and afterwards describing how these two subjects relate to each other by describing the position of HC within a business plan and taking a companies departments as orientation. Afterwards it's going to be explained how HC can be represented in key figures by applying the Saarbrücker Formel. As a practical example, the formula will be applied to the BASF Coatings AG. Finally, the results will be explained and the findings summarized and critically examined.
Author : John E. Butler
Publisher : IAP
ISBN 13 : 1607525178
Total Pages : 275 pages
Book Rating : 4.6/5 (75 download)
Download or read book Venture Capital in the Changing World of Entrepreneurship written by John E. Butler and published by IAP. This book was released on 2006-03-01 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: It was not that long ago that it might have been possible to cover the topic of venture capital in one paper. Now, it is not possible to provide comprehensive coverage in even one book. The industry has flourished, as variations of he initial venture capital funds have been developed and now operates in most developing and developed economies. This is clearly reflected in this volume, which has a strong focus on Europe and Asia. Each of the papers is a stand alone effort. However, a full reading of the volume provides a panoramic picture of the global extent of venture capital, some of its challenges, and the likely direction of future efforts. Venture capital and the venture capitalist have been shown to have a positive impact on performance in many cases. This is clearly the reason why some many emerging economies want to increase the level of venture capital investment in their country.
Author : Paul Alan Gompers
Publisher : MIT Press
ISBN 13 : 9780262072557
Total Pages : 592 pages
Book Rating : 4.0/5 (725 download)
Download or read book The Venture Capital Cycle written by Paul Alan Gompers and published by MIT Press. This book was released on 2004 with total page 592 pages. Available in PDF, EPUB and Kindle. Book excerpt: An analysis of the venture capital process, from fund-raising through investing to exiting investments; a new edition with major revisions and six new chapters that reflect the latest research.
