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Concentrating Too Hard? Foreign and Corporate Venture Capital Involvement in Syndicates

Park, S., LiPuma, Joseph A., Park, S. (2019) Concentrating Too Hard? Foreign and Corporate Venture Capital Involvement in Syndicates. Journal of Small Business Management, 57 (2). pp. 327-342. ISSN 0047-2778. (doi:10.1111/jsbm.12322) (KAR id:66098)

Abstract

We investigate the relationship between investment of corporate venture capital (CVC) and foreign venture capital (FVC), and the concentration of investors involved in a financing round. As forms of venture capital distinct from independent venture capital, CVC and FVC can offer different value to new ventures. However, having FVC or CVC investors in the syndicate can also pose additional risks to other investors. We find that a corporate venture capital or a foreign venture capital affiliation is related to lower concentration of investors. Our results suggest that the investors evaluate not only the venture but also their syndicate partners in determining their relative share of round investment.

Item Type: Article
DOI/Identification number: 10.1111/jsbm.12322
Subjects: H Social Sciences
Divisions: Divisions > Kent Business School - Division > Department of Marketing, Entrepreneurship and International Business
Depositing User: Sharon Park
Date Deposited: 22 Feb 2018 08:50 UTC
Last Modified: 08 Jan 2024 22:31 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/66098 (The current URI for this page, for reference purposes)

University of Kent Author Information

Park, S..

Creator's ORCID: https://orcid.org/0000-0001-6458-0225
CReDIT Contributor Roles:

Park, S..

Creator's ORCID:
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