Work

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

Year: 2022

Type: review

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.

Source: Journal of Business Venturing

DOI: 10.1016/j.jbusvent.2022.106226

Authors: Euiju Jeon, Markku Maula

Institutions: Technical University of Denmark, Aalto University

Language: English

Topic: Private Equity and Venture Capital

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: hybrid

Estimated APC paid: $3,960

Funders: Aalto-Yliopisto, Danmarks Tekniske Universitet