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| The Influence of Enterprise Resources on New Ventures' CVC Decision |
| Liu Wei;Huang Jianglin |
| School of Economics & Business Administration, Chongqing University,Chongqing 400044, China |
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Abstract Corporate venture capital (CVC) is the main path of enterprise denotative development. Recently, the new ventures listed on Chinese GEM are active to choose CVC strategies, enterprise resources are the important factors that influence the enterprises choose CVC strategy. This paper based on 204 manufacturing enterprises listed on Chinese GEM from 2009 to 2011, through collecting the CVC data of these companies from 2010 to 2014. Analyze the impact of enterprise technology resources, financial resources and reputation resources on new ventures' CVC decision. The study found that: the technical resources and financial resources promoted new ventures to choose CVC strategy, reputation resources is no significant difference among venture investment decisions to the company.
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Received: 11 September 2015
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