{"id":9185,"date":"2023-06-29T15:11:46","date_gmt":"2023-06-29T15:11:46","guid":{"rendered":"https:\/\/vgi.krtk.hu\/?post_type=publikacio&p=9185"},"modified":"2023-06-29T15:14:04","modified_gmt":"2023-06-29T15:14:04","slug":"szalavetz-a-sauvage-n-the-financialization-of-corporate-venture-capital-investment-the-corporation-as-a-venture-capitalist","status":"publish","type":"publikacio","link":"https:\/\/vgi.krtk.hu\/en\/publikacio\/szalavetz-a-sauvage-n-the-financialization-of-corporate-venture-capital-investment-the-corporation-as-a-venture-capitalist\/","title":{"rendered":"Szalavetz, A., Sauvage N.: The financialization of corporate venture capital investment? The corporation as a venture capitalist."},"content":{"rendered":"

The financialization of corporate venture capital investment? The corporation as a venture capitalist.<\/h1>\n

 <\/p>\n

Authors: Andrea Szalavetz<\/a>, Nicolas Sauvage<\/p>\n

In: Socio-Economic Review<\/em>,\u00a027 June 2023<\/p>\n

DOI: https:\/\/doi.org\/10.1093\/ser\/mwad036<\/a><\/p>\n

 <\/p>\n

Abstract<\/h1>\n

Recent trends in corporate venture capital (CVC) activities have added to the size and complexity of the financial system. Intuition suggests that in a period marked by spectacularly increasing start-up valuations, the opportunity to earn large capital gains increases the importance of corporate investors\u2019 financial motivations. Drawing on interviews with 12 Silicon Valley-based CVC units of global industrial companies, we examine if new trends in CVC investment represent a diversion from incumbents\u2019 traditional focus on improving the competitive advantage of their core businesses. Building on the theory of the financialization of non-financial companies, we investigate the relationship between the strategic and financial motivations of CVC investing. We extend theory by distinguishing between developments at the extensive and intensive margins. We argue that the commonly applied quantitative measures capture financialization only at the extensive margin. Qualitative data indicate that the hypothesis of financialization does not hold at the intensive margin.<\/p>\n","protected":false},"excerpt":{"rendered":"

The financialization of corporate venture capital investment? The corporation as a venture capitalist.   Authors: Andrea Szalavetz, Nicolas Sauvage In: Socio-Economic Review,\u00a027 June 2023 DOI: https:\/\/doi.org\/10.1093\/ser\/mwad036   Abstract Recent trends in corporate venture capital (CVC) activities have added to the size and complexity of the financial system. Intuition suggests that in a period marked by […]<\/p>\n","protected":false},"featured_media":9183,"template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"_links_to":"","_links_to_target":""},"categories":[104,100],"tags":[],"class_list":["post-9185","publikacio","type-publikacio","status-publish","has-post-thumbnail","hentry","category-external-publications","category-publications"],"acf":[],"yoast_head":"\nSzalavetz, A., Sauvage N.: The financialization of corporate venture capital investment? The corporation as a venture capitalist. - VGI<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/vgi.krtk.hu\/en\/publikacio\/szalavetz-a-sauvage-n-the-financialization-of-corporate-venture-capital-investment-the-corporation-as-a-venture-capitalist\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Szalavetz, A., Sauvage N.: The financialization of corporate venture capital investment? The corporation as a venture capitalist. - VGI\" \/>\n<meta property=\"og:description\" content=\"The financialization of corporate venture capital investment? The corporation as a venture capitalist.   Authors: Andrea Szalavetz, Nicolas Sauvage In: Socio-Economic Review,\u00a027 June 2023 DOI: https:\/\/doi.org\/10.1093\/ser\/mwad036   Abstract Recent trends in corporate venture capital (CVC) activities have added to the size and complexity of the financial system. 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