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Corporate Venture Capital: Examining Relationship between Human Capital and Internationalisation

Taneja, Sahil LU and Poposka, Verica LU (2021) ENTN19 20211
Department of Business Administration
Abstract
Companies engaged in Corporate Venture Capital (CVC) continuously scour the globe for new opportunities to grow beyond their current geographic boundaries. However, different regions of the world have various monitoring, governance, and value-adding principles. CVCs should be aware of these variations. Human capital is culturally unique to a company and a potential critical determinant in CVC strategies to overcome these challenges. Previous research has tried to understand the effects of human capital in a Venture Capital (VC) team, but little is known about how it impacts a CVC team's functioning and investment preferences. In this study, the central question is whether certain human capital factors affect a CVC firm's decision to invest... (More)
Companies engaged in Corporate Venture Capital (CVC) continuously scour the globe for new opportunities to grow beyond their current geographic boundaries. However, different regions of the world have various monitoring, governance, and value-adding principles. CVCs should be aware of these variations. Human capital is culturally unique to a company and a potential critical determinant in CVC strategies to overcome these challenges. Previous research has tried to understand the effects of human capital in a Venture Capital (VC) team, but little is known about how it impacts a CVC team's functioning and investment preferences. In this study, the central question is whether certain human capital factors affect a CVC firm's decision to invest cross-border. Through statistical analysis of secondary data on 101 CVC firms, this research seeks to demonstrate that human capital motivates European CVC firms' decisions to invest internationally. The study findings conclude that having a CVC team rich in industry-specific human capital (finance and management work experience) tends to affect a CVC's ability to invest internationally. The study further also determines the implications of general human capital (international work experience and PhD degree holders) within a CVC team. (Less)
Please use this url to cite or link to this publication:
author
Taneja, Sahil LU and Poposka, Verica LU
supervisor
organization
course
ENTN19 20211
year
type
H1 - Master's Degree (One Year)
subject
keywords
Corporate Venture Capital, Human Capital, Internationalisation, Team Diversity
language
English
id
9057085
date added to LUP
2021-08-04 16:39:04
date last changed
2021-08-04 16:39:04
@misc{9057085,
  abstract     = {{Companies engaged in Corporate Venture Capital (CVC) continuously scour the globe for new opportunities to grow beyond their current geographic boundaries. However, different regions of the world have various monitoring, governance, and value-adding principles. CVCs should be aware of these variations. Human capital is culturally unique to a company and a potential critical determinant in CVC strategies to overcome these challenges. Previous research has tried to understand the effects of human capital in a Venture Capital (VC) team, but little is known about how it impacts a CVC team's functioning and investment preferences. In this study, the central question is whether certain human capital factors affect a CVC firm's decision to invest cross-border. Through statistical analysis of secondary data on 101 CVC firms, this research seeks to demonstrate that human capital motivates European CVC firms' decisions to invest internationally. The study findings conclude that having a CVC team rich in industry-specific human capital (finance and management work experience) tends to affect a CVC's ability to invest internationally. The study further also determines the implications of general human capital (international work experience and PhD degree holders) within a CVC team.}},
  author       = {{Taneja, Sahil and Poposka, Verica}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{Corporate Venture Capital: Examining Relationship between Human Capital and Internationalisation}},
  year         = {{2021}},
}