Corporate venture capital and CSR performance: An extended resource based view's perspective

Enrico Battisti, Niccolò Nirino, Erasmia Leonidou, Alkis Thrassou

    Research output: Contribution to journalArticlepeer-review


    The purpose of this paper is to extend the Resource Based View (RBV) theory of companies, integrating it into a multidisciplinary context of analysis. Authors tested an empirical model in which corporate venture capital (CVC) impacts on corporate social responsibility (CSR) performance with the aim of creating a sustainable competitive advantage. The authors performed a longitudinal analysis, based on the Generalized Least Square (GLS) model, on 100 American and European companies reported in the Fortune Global 500 ranking from 2015 to 2019. The findings reveal that CVC programs have a positive impact on firm's environmental and social outcomes. They also broaden the boundaries of RBV theory analysis and contribute to corporate venture capital and corporate social responsibility literature. Additionally, authors develop insights applicable to practitioners to successfully implement CVC practices and CSR strategies jointly.

    Original languageEnglish
    Pages (from-to)1058-1066
    Number of pages9
    JournalJournal of Business Research
    Publication statusPublished - Feb 2022


    • Corporate social responsibility performance
    • Corporate social responsibility strategy
    • Corporate venture capital
    • ESG practices
    • Resource based view


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