我们长期参与其中:企业风险资本如何帮助缓解社会创业中的金融市场摩擦

Q1 Business, Management and Accounting
Joseph J. Cabral , Shane W. Reid , Reginald Tucker
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引用次数: 0

摘要

为社会创业融资是一项著名的挑战。问题的规模和潜在的解决方案都令人生畏,而解决方案取得成果所需的时间往往对传统投资者来说太长。通过对能源行业的探索性案例研究,我们提供的证据表明,行业现有企业是一种潜在的解决方案,有助于缓解社会企业融资固有的市场协调问题。我们发现,作为一个持续经营的企业,企业投资者表现出了时间上的仁慈,可以为解决方案的开发和推广提供必要的投资期限。同时,现有企业的承诺带来了资源的可预见性,鼓励价值链上的其他企业参与到有前景的社会企业中来。在这方面,现有企业能够参与其行业的发展,同时在支持社会创业生态系统方面发挥未被充分重视的作用。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
We're in it for the long haul: How corporate venture capital helps alleviate financial market frictions in social entrepreneurship
The financing of social entrepreneurship is a noted challenge. The scale of problems and potential solutions are daunting, and the time required for solutions to come to fruition often involve investment horizons that are too long for traditional investors. Using an exploratory case study of the energy industry we provide evidence that industry incumbents are one potential solution to help alleviate the market coordination problem inherent to financing social ventures. As a going concern, we find that corporate investors exhibit temporal benevolence and can provide investment horizons necessary for solutions to be developed and diffused. At the same time, commitment from an incumbent brings resource predictability that encourages others in the value chain to engage with social ventures that show promise. In this regard incumbents are able to participate in their industry's evolution while providing an underappreciated role in supporting the social entrepreneurship ecosystem.
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来源期刊
Journal of Business Venturing Insights
Journal of Business Venturing Insights Business, Management and Accounting-Business and International Management
CiteScore
11.70
自引率
0.00%
发文量
62
审稿时长
28 days
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