Exactly What Is Venture Capital And Exactly Why Do Young People Need It

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 analysis of half a dozen corporate and business endeavor money applications, we unravel how new corporate units solve rivalling makes from two various institutional surroundings. The data advise that the corporate system of devices that get into a new ecosystem will depend on whether or not they "focus their isomorphism" internally towards the parent or guardian ("endoisomorphism") or externally to the market ("exoisomorphism"). The attention of isomorphism is determined by which the items try to get validity with as well as on the professionalization of the leading management groups. We explore implications on the studies for institutional way of thinking, company opportunity money, and corporation venturing even more typically.



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We thank Sue Birley, B. M. Marcello Maestro, Scott Mueller, and Scott Shane because of their precious assist at different levels of this endeavor. We say thanks to Costas Andriopoulos, Rudi Durand, Susan Hill, Ian Macmillan, Konstantinos Pitsakis, Jim Combs (AMJ actions editor), as well as the anonymous reviewers for excellent feedback on drafts.