The Impact of Corporate Venture Capital (CVC) Information Disclosure on Corporate Value

DOI

10.2991/icemeet-16.2017.170How to use a DOI?

Keywords

Information disclosure, corporate value, corporate venture capital.

Abstract

This paper examines the relation between CVC information disclosure and corporate value based on real option theory. We used data of CVC from 2010 to 2015, analysis value relevance of CVC information disclosure. First, this article establish a theory model to explain value relevance of CVC information disclosure. And this article point out that the value of real option embedded in corporate venture capital. Second, this article used event study method finds that CVC information disclosure can create positive return. By using multiple regression analysis, this article finds that CVC information disclosure is positively correlated with the corporate value. Our study broad knowledge on CVC information disclosure influence corporate value.

Copyright

© 2017, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Yongbo Kang
AU  - Susheng Wang
AU  - Ke Peng
AU  - Yongrui Yu
AU  - Junbo Wang
PY  - 2017/01
DA  - 2017/01
TI  - The Impact of Corporate Venture Capital (CVC) Information Disclosure on Corporate Value
BT  - Proceedings of the 2016 2nd International Conference on Economics, Management Engineering and Education Technology (ICEMEET 2016)
PB  - Atlantis Press
SP  - 818
EP  - 822
SN  - 2352-5398
UR  - https://doi.org/10.2991/icemeet-16.2017.170
DO  - 10.2991/icemeet-16.2017.170
ID  - Kang2017/01
ER  -