Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/264413 
Authors: 
Year of Publication: 
2020
Citation: 
[Journal:] The Journal of Entrepreneurial Finance (JEF) [ISSN:] 1551-9570 [Volume:] 22 [Issue:] 1 [Publisher:] The Academy of Entrepreneurial Finance (AEF) [Place:] Los Angeles, CA [Year:] 2020 [Pages:] 61-77
Publisher: 
The Academy of Entrepreneurial Finance (AEF), Los Angeles, CA
Abstract: 
This study proposes a model on corporate venturing (CV) investment and examines the impact of venture capital (VC) activity in the economy on CV firms' investment. The presence of VCs creates competition for entrepreneurs. This reduces CV firms' expected venturing returns, and thus gives rise to a financial disincentive to CV investment. The empirical prediction of this result is that competition for talent should decrease CV investment. This prediction contradicts previous statements in the theoretical literature on CV.
Subjects: 
Corporate venturing
Corporate venturing investment
Venture capital
JEL: 
D86
G3
L26
M13
Creative Commons License: 
cc-by-nc Logo
Document Type: 
Article

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