Date of Award

Spring 2012

Document Type

Open Access Honors Thesis

Degree Name

Bachelor of Science in Management


Accounting and Finance


Lucia Silva-Gao


Jeffrey Keisler

Subject Categories

Portfolio and Security Analysis


There is substantial evidence that Corporate Venture Capitalists (CVCs) backing provides value to companies. This study aims to find what the benefits provided by CVCs are to public companies after they have gone through their initial public offerings (IPOs) and have begun trading on the stock market. Matched by CVC backing, Tobin q, leverage ratio, research and development (R&D) ratio, size of market capitalization, and the sector in which the firm operates, over a given period of time, this study explores whether or not CVCs add value to companies. Additionally, this study analyzes the success companies backed by CVCs. The findings were that (a) firms backed by at least one CVC had a high chance of succeeding over firms that were not backed by CVCs and (b) CVC backing destroys value in a firm.

Creative Commons License

Creative Commons Attribution-Noncommercial-Share Alike 3.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-Share Alike 3.0 License.