Design dimensions of corporate venture capital programs—a systematic literature review

Q1 Business, Management and Accounting

Management Review Quarterly Pub Date : 2023-09-16 DOI:10.1007/s11301-023-00372-2

Philipp Frey, Dominik K. Kanbach

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引用次数: 0

Abstract

Abstract There is a plethora of research on organisational design elements of corporate venture capital (CVC) programs. However, the fragmented nature of this vein of corporate venturing research has led to an inconsistent picture regarding the organisational design of CVC programs. The goal of this study is to provide a holistic picture for both scholars and practitioners by integrating empirical research on the design of CVC programs. Therefore, the study employs a systematic literature review approach including a sample of 41 studies published from 1987 to 2023. For a systematic assessment of design elements of CVC programs, an inductive concept development approach is used to illustrate four main design dimensions–personnel, corporate relationship management, investment operating model and portfolio relationship management–which reflect 69 descriptive design elements. While previous studies have mainly looked at individual design dimensions of CVC programs from a strategic perspective, this paper presents comprehensive view on organisational structures of CVC programs by identifying building blocks of CVC design according to chosen objectives and available typologies. By specifying and allocating design dimensions to structural types and objectives of CVC programs, this study may also serve as a foundation for further research on the concepts which prevent high rates of early abandonment of CVCs.

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企业风险投资项目的设计维度——系统文献综述

摘要对企业风险投资(CVC)项目的组织设计要素进行了大量研究。然而，这种企业风险研究的碎片性导致了关于CVC项目组织设计的不一致的画面。本研究的目的是通过整合实证研究，为学者和实践者提供一个关于CVC项目设计的整体图景。因此，本研究采用系统的文献综述方法，包括1987年至2023年发表的41项研究样本。为了系统地评估CVC项目的设计要素，采用归纳概念开发方法说明了四个主要设计维度——人员、企业关系管理、投资运营模式和投资组合关系管理——这四个维度反映了69个描述性设计要素。以往的研究主要是从战略的角度来看待CVC项目的个体设计维度，而本文通过根据选择的目标和可用的类型学来识别CVC设计的构建模块，对CVC项目的组织结构进行了全面的研究。通过指定和分配CVC项目的结构类型和目标的设计尺寸，本研究也可以为进一步研究防止CVC高早期放弃率的概念奠定基础。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Management Review Quarterly Business, Management and Accounting-Business, Management and Accounting (miscellaneous)

CiteScore

12.90

自引率

0.00%

发文量

期刊介绍： Management Review Quarterly (MRQ) is a double-blind, peer-reviewed academic journal that specializes in systematic narrative literature reviews, bibliographic studies, meta-analyses, and replication studies. The journal’s scope covers all fields of business and management research including both new and established ones. MRQ’s aim is to summarize and categorize knowledge in management and business research, aggregate important empirical research findings, and challenge existing knowledge through rigorous replication studies. The journal’s goal is to contribute to the empirical grounding of business and management studies as academic disciplines and is of high interest not only for academic readers but also for practitioners interested in evidence-based management and/or evidence-based policy making. MRQ was founded in 1951 at the Hochschule für Welthandel in Vienna, Austria (now WU Vienna University of Economics and Business) as a German language journal under the title ''Journal für Betriebswirtschaft (JfB)''. This makes MRQ one of the oldest research based business and management journals internationally.