国外公司创业投资理论研究及其启示
6012 
930
外国经济与管理 2007 年 第 29 卷第 05 期, 页码：9 - 15
摘要
参考文献
摘要
作为创业投资的一种特殊形式,公司创业投资(corporate venture capital,下称CVC)从1998年开始成为一个国际性的学术命题。本文首先回顾了国外学者在界定CVC概念方面的共识和分歧,然后评述了国外CVC的主要研究内容,包括CVC的动机、组织模式、投资绩效、组织间学习等问题。最后,从研究视角、研究内容和研究方法三个方面对比了国内外研究现状,并指出了进一步研究的方向。
[1]Paul A Gompers and Josh Lerner.The determinants of corporate venture capital success:Organizational structure,incentives,and com-plementarities[R].NBER Working Paper 6725,September 1998.
[2]Ernst&Young.Corporate venture capital report 2002[DB/OL].http://www.ey.com,Fall 2002.
[3]Antje Kann.Strategic venture capital investing by corporations:A framework for structuring and valuing corporate venture capital pro-grams[D].Ph.D dissertation,Stanford University,December,2000.
[4]Knyphause-Aufse,βD Z.Corporate venture capital:Who adds value?[J].Venture Capital,2005,7(1):23-49.
[5]Markku V J Maula.Corporate venture capital and the value-added for technology-based new firms[D].Ph.D Dissertation,Helsinki Uni-versity of Technology,December 2001.
[6]Thomas Hellmann.A theory of strategic venture investing[J].Journal of Financial Economics,2002,64(2):285-314.
[7]Yost,M,and K Devlin.The state of corporate venturing[J].Venture Capital Journal,1993,(6):37-40.
[8]Bannock Consulting.Corporate venturing in Europe:A study for the European Commission[R].DGXIII EIMS 98/176 Final Report,Oc-tober 1999.
[9]Terry E Winters,and Donald L Murfin.Venture capital investing for corporate development objectives[J].Journal of Business Ventu-ring,1988,3(3):207-222.
[10]Chesbrough,H W.Making sense of corporate venture capital[J].Harvard Business Review,2002,80(3):90-99.
[11]Yohanes E Riyanto,and Armin Schwienbacher.The strategic use of corporate venture financing for securing demand[J].Journal ofBanking&Finance,2006,30(10):2809-2833.
[12]Andrew Reaume.Is corporate venture capital a prescription for success in the pharmaceutical industry?[J].The Journal of Private Eq-uity,2003,(Fal.):77-86.
[13]Hollister B Sykes.Corporate venture capital:Strategies for success[J].Journal of Business Venturing,1990,5(1):37-47.
[14]Yi Yang.A multi-theoretic analysis of financial and strategic consequences of corporate venture capital[D].Ph.D dissertation,DrexelUniversity,August 2006.
[15]Gary Dushnitsky,and Michael J Lenox.When does corporate venture capital investment create firm value?[J].Journal of BusinessVenturing,2006,21(6):753-772.
[16]Gary Dushnitsky,and Michael J Lenox.When do incumbents learn from entrepreneurial ventures?Corporate venture capital and inves-ting firm innovation rates[J].Research Policy,2005,34(5):615-639.
[17]James Henderson,and Benoit Leleux.Corporate venture capital:Effecting resource combinations and transfers[J].Entrepreneurial Re-view,2002,(10):31-46.
[18]Thomas Keil.Building external corporate venturing capability[J].Journal of Management Studies,2004,41(5):799-825.
[19]Henri A Schildt,Markku V J Maula,and Thomas Keil.Explorative and exploitative learning from external corporate ventures[J].En-trepreneurship Theory&Practice,2005,29(4):493-515.
[20]Anu Wadhwa,et al.Knowledge creation through external venturing:Evidence from the telecommunication equipment manufacturingindustry[J].Academy of Management Journal,2006,49(4):819-835.
[2]Ernst&Young.Corporate venture capital report 2002[DB/OL].http://www.ey.com,Fall 2002.
[3]Antje Kann.Strategic venture capital investing by corporations:A framework for structuring and valuing corporate venture capital pro-grams[D].Ph.D dissertation,Stanford University,December,2000.
[4]Knyphause-Aufse,βD Z.Corporate venture capital:Who adds value?[J].Venture Capital,2005,7(1):23-49.
[5]Markku V J Maula.Corporate venture capital and the value-added for technology-based new firms[D].Ph.D Dissertation,Helsinki Uni-versity of Technology,December 2001.
[6]Thomas Hellmann.A theory of strategic venture investing[J].Journal of Financial Economics,2002,64(2):285-314.
[7]Yost,M,and K Devlin.The state of corporate venturing[J].Venture Capital Journal,1993,(6):37-40.
[8]Bannock Consulting.Corporate venturing in Europe:A study for the European Commission[R].DGXIII EIMS 98/176 Final Report,Oc-tober 1999.
[9]Terry E Winters,and Donald L Murfin.Venture capital investing for corporate development objectives[J].Journal of Business Ventu-ring,1988,3(3):207-222.
[10]Chesbrough,H W.Making sense of corporate venture capital[J].Harvard Business Review,2002,80(3):90-99.
[11]Yohanes E Riyanto,and Armin Schwienbacher.The strategic use of corporate venture financing for securing demand[J].Journal ofBanking&Finance,2006,30(10):2809-2833.
[12]Andrew Reaume.Is corporate venture capital a prescription for success in the pharmaceutical industry?[J].The Journal of Private Eq-uity,2003,(Fal.):77-86.
[13]Hollister B Sykes.Corporate venture capital:Strategies for success[J].Journal of Business Venturing,1990,5(1):37-47.
[14]Yi Yang.A multi-theoretic analysis of financial and strategic consequences of corporate venture capital[D].Ph.D dissertation,DrexelUniversity,August 2006.
[15]Gary Dushnitsky,and Michael J Lenox.When does corporate venture capital investment create firm value?[J].Journal of BusinessVenturing,2006,21(6):753-772.
[16]Gary Dushnitsky,and Michael J Lenox.When do incumbents learn from entrepreneurial ventures?Corporate venture capital and inves-ting firm innovation rates[J].Research Policy,2005,34(5):615-639.
[17]James Henderson,and Benoit Leleux.Corporate venture capital:Effecting resource combinations and transfers[J].Entrepreneurial Re-view,2002,(10):31-46.
[18]Thomas Keil.Building external corporate venturing capability[J].Journal of Management Studies,2004,41(5):799-825.
[19]Henri A Schildt,Markku V J Maula,and Thomas Keil.Explorative and exploitative learning from external corporate ventures[J].En-trepreneurship Theory&Practice,2005,29(4):493-515.
[20]Anu Wadhwa,et al.Knowledge creation through external venturing:Evidence from the telecommunication equipment manufacturingindustry[J].Academy of Management Journal,2006,49(4):819-835.
引用本文
梁晓艳, 糜仲春, 叶跃祥, 等. 国外公司创业投资理论研究及其启示[J]. 外国经济与管理, 2007, 29(5): 9–15.
导出参考文献，格式为：
上一篇：国际新创企业竞争优势形成机理研究
下一篇：敏捷与精敏供应链范式研究评介
