Proceedings of the 2016 2nd International Conference on Economics, Management Engineering and Education Technology (ICEMEET 2016)

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

Authors
Yongbo Kang, Susheng Wang, Ke Peng, Yongrui Yu, Junbo Wang
Corresponding Author
Yongbo Kang
Available Online January 2017.
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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Volume Title
Proceedings of the 2016 2nd International Conference on Economics, Management Engineering and Education Technology (ICEMEET 2016)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
January 2017
ISBN
978-94-6252-288-6
ISSN
2352-5398
DOI
10.2991/icemeet-16.2017.170How to use a DOI?
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/).

Cite this article

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  -