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The power of syndication: the innovation output of venture capital investments in the United States

  • Fatima Shuwaikh
  • , Joakim Dias

Research output: Contribution to journalArticlepeer-review

3 Citations (Scopus)

Abstract

This paper demonstrates the impact of the participation of corporate venture capital (CVC) funds and independent venture capital (IVC) funds in syndicated investments. We examine the dynamics of the impact of these syndications and the channels (industry fit and location fit) that improve innovation effectiveness. Based on the main sample of 5182 US. funded companies between 1998 and 2017, there is strong evidence of an existing superiority of CVC engagement in syndications (CVC/IVC) that can further boost the innovation output contribution. Additionally, the results show that industry and location fit augment the innovation output of the entrepreneurial companies.

Original languageEnglish
Pages (from-to)140-152
Number of pages13
JournalManagement International
Volume27
Issue number4
DOIs
Publication statusPublished - 1 Nov 2023

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

  1. SDG 9 - Industry, Innovation, and Infrastructure
    SDG 9 Industry, Innovation, and Infrastructure

Keywords

  • Corporate venture capital
  • Independent venture capital
  • Industry fit
  • Innovation
  • Location fit
  • Syndicates

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