Financing a corporate venture capital program
(2021)
Journal Article
Tawiah, B., & Keefe, M. (2022). Financing a corporate venture capital program. Journal of Banking and Finance, 135, Article 106364. https://doi.org/10.1016/j.jbankfin.2021.106364
Firms invest in Corporate venture capital (CVC) for strategic reasons. Consistent with maintaining financial flexibility to fund CVC driven innovation and acquisitions, CVC investing firms hold less debt and more cash. Our results are more pronounced... Read More about Financing a corporate venture capital program.