Federal ID: 91-6001537
ISSN: 0022-1090 (Print) | 1756-6916 (Online)
Corporate Venture Capital and Firm Scope
Yifei Zhang ♦ This study examines whether and how corporate venture capital (CVC) spurs changes in firm scope. Using two sets of text-based metrics about firm scope, I document that CVC investments are strongly associated with subsequent firm scope changes…