This paper investigates the abandonment of an administrative innovationcorporate venture capital (CVC) programs by information technology (IT) corporations. CVC programs are modeled upon the venture capital (VC) practices of finding, funding, and guiding entrepreneurial startups. We draw upon prior research on organizational learning and innovation diffusion to empirically examine the role of i...

The concept of entrepreneurial orientation (EO) has become essential in research into the degree of entrepreneurial behavior at firm level. It is relevant to managers to be able to assess explicitly the level of entrepreneurship of a firm. Incubators, venture capitalists, corporate venturing units, angel investors, investment banks and governments need solid measures that go beyond expert intui...

The social capital and human capital have been conceptualized as key resources that may facilitate the performance of new ventures. Yet, despite a surge of studies examining the role of social capital and human capital in the entrepreneurial process, no quantitative assessments have been made of the empirical evidence to date. In an effort to systematically review past research results, I condu...

This paper focuses on the development of entrepreneurial orientation (EO) after a management buy-out (MBO) and on the role played by venture capital firms in enhancing EO. It presents results of two exploratory case studies of divisional buy-outs with regard to their EO and the areas where the venture capital firm (VC) has been of greatest help. We discuss their contribution to elements of the ...

How does prior firm-founding experience affect subsequent venture performance? In this study, I examine the effect of founders’ prior firm-founding experience on the survival rate and the annualized rate of return on investment in subsequent ventures. Estimates of this relationship take into account selection effect of serial entrepreneurs and two roles of venture capitalists (VCs): i) evaluati...

Article history: Received 26 August 2015 Received in revised form 6 April 2016 Accepted 6 April 2016 Available online xxxx Venture creation generates value in a variety of forms both for the entrepreneur him or herself and the venture's stakeholders. Recent research explores entrepreneurial action as a vehicle for personal transformation and development for the individual, especially as it pert...