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Which Iron Cage? Endo- and exoisomorphism in Corporate Venture Capital Programs



Vangelis Souitaris

Stefania Zerbinati

Grace Liu





City University LondonThe Nielsen Company


By using an inductive investigation of six corporation opportunity budget programs, Startup Financing we unravel how new business models handle competing makes from two several institutional environments. The information suggest that the corporate framework of devices that key in a fresh atmosphere is dependent upon if they "focus their isomorphism" internally in the direction of the mother or father ("endoisomorphism") or externally when it comes to the industry ("exoisomorphism"). The main objective of isomorphism will depend on who the systems seek out authenticity with and on the professionalization of the best operations crews. We examine effects from the investigations for institutional principle, business venture investment capital, and corporate and business venturing much more usually.



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We appreciate Sue Birley, B. M. Marcello Maestro, Scott Mueller, and Scott Shane for his or her beneficial support at diverse stages on this task. We thank Costas Andriopoulos, Rudi Durand, Susan Hill, Ian Macmillan, Konstantinos Pitsakis, Jim Combs (AMJ motion editor), as well as the anonymous testers for great remarks on drafts.

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