Impact of corporate venture capital firms' organisation on their performance

Abstract

The purpose of this paper is to understand better the performance of CVCs and their organisational structure based on a call of research from Rohm (2017) using the adapted theoretical framework of Souitaris et al. (2012). The dependent variable is CVC performance. The independent variables are CVC isomorphism, the CVC unit's location, the industry where the corporate mother company operates, and the year of foundation. After carefully collecting and analysing the data on the most active CVCs from 2017-2018 and quantitative regression analysis, this paper suggests finding a critical impact that the year of foundation and the organisational isomorphism have on CVC performance. Our results further show that there is no explained impact of the number of investments or the amount of exits as well as CVC location and CVC industry on CVC performance.