{"id":"https://openalex.org/W4401896831","doi":"https://doi.org/10.1108/bpmj-02-2024-0057","title":"Compensation incentives, geographical distance, and the successful exit of indirect CVCs","display_name":"Compensation incentives, geographical distance, and the successful exit of indirect CVCs","publication_year":2024,"publication_date":"2024-08-26","ids":{"openalex":"https://openalex.org/W4401896831","doi":"https://doi.org/10.1108/bpmj-02-2024-0057"},"language":"en","primary_location":{"id":"doi:10.1108/bpmj-02-2024-0057","is_oa":false,"landing_page_url":"https://doi.org/10.1108/bpmj-02-2024-0057","pdf_url":null,"source":{"id":"https://openalex.org/S2508752","display_name":"Business Process Management Journal","issn_l":"1463-7154","issn":["1463-7154","1758-4116"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Business Process Management Journal","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5100452750","display_name":"Han Wang","orcid":"https://orcid.org/0000-0003-1823-9194"},"institutions":[{"id":"https://openalex.org/I4210100953","display_name":"Xi'an University of Finance and Economics","ror":"https://ror.org/01b9y2p27","country_code":"CN","type":"education","lineage":["https://openalex.org/I4210100953"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Han Wang","raw_affiliation_strings":["Xi'an University of Finance and Economics , Xi'an,"],"raw_orcid":"https://orcid.org/0000-0003-1823-9194","affiliations":[{"raw_affiliation_string":"Xi'an University of Finance and Economics , Xi'an,","institution_ids":["https://openalex.org/I4210100953"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5069756963","display_name":"Jianwei Dong","orcid":"https://orcid.org/0000-0003-0056-3746"},"institutions":[{"id":"https://openalex.org/I36819085","display_name":"Northwest University","ror":"https://ror.org/00y7snj24","country_code":"US","type":"education","lineage":["https://openalex.org/I36819085"]},{"id":"https://openalex.org/I37802460","display_name":"Northwest University","ror":"https://ror.org/00z3td547","country_code":"CN","type":"education","lineage":["https://openalex.org/I37802460"]}],"countries":["CN","US"],"is_corresponding":false,"raw_author_name":"Jianwei Dong","raw_affiliation_strings":["Northwest University , Xi\u2019an,"],"raw_orcid":"https://orcid.org/0000-0003-0056-3746","affiliations":[{"raw_affiliation_string":"Northwest University , Xi\u2019an,","institution_ids":["https://openalex.org/I37802460","https://openalex.org/I36819085"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":3.3371,"has_fulltext":false,"cited_by_count":4,"citation_normalized_percentile":{"value":0.9264663,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":91,"max":99},"biblio":{"volume":"31","issue":"1","first_page":"1","last_page":"25"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11903","display_name":"Private Equity and Venture Capital","score":0.9997000098228455,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11903","display_name":"Private Equity and Venture Capital","score":0.9997000098228455,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12722","display_name":"Innovation Policy and R&D","score":0.9918000102043152,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9850999712944031,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/incentive","display_name":"Incentive","score":0.7609224319458008},{"id":"https://openalex.org/keywords/compensation","display_name":"Compensation (psychology)","score":0.6581439971923828},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.5017898082733154},{"id":"https://openalex.org/keywords/industrial-organization","display_name":"Industrial organization","score":0.3982425630092621},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.32042908668518066},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.17298170924186707},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.16208460927009583}],"concepts":[{"id":"https://openalex.org/C29122968","wikidata":"https://www.wikidata.org/wiki/Q1414816","display_name":"Incentive","level":2,"score":0.7609224319458008},{"id":"https://openalex.org/C2780023022","wikidata":"https://www.wikidata.org/wiki/Q1338171","display_name":"Compensation (psychology)","level":2,"score":0.6581439971923828},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5017898082733154},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.3982425630092621},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.32042908668518066},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.17298170924186707},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.16208460927009583},{"id":"https://openalex.org/C11171543","wikidata":"https://www.wikidata.org/wiki/Q41630","display_name":"Psychoanalysis","level":1,"score":0.0},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1108/bpmj-02-2024-0057","is_oa":false,"landing_page_url":"https://doi.org/10.1108/bpmj-02-2024-0057","pdf_url":null,"source":{"id":"https://openalex.org/S2508752","display_name":"Business Process Management Journal","issn_l":"1463-7154","issn":["1463-7154","1758-4116"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Business Process Management Journal","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":76,"referenced_works":["https://openalex.org/W381311153","https://openalex.org/W1514769429","https://openalex.org/W1518374645","https://openalex.org/W1593618407","https://openalex.org/W1867011666","https://openalex.org/W1933769362","https://openalex.org/W1988820622","https://openalex.org/W2014099293","https://openalex.org/W2016253711","https://openalex.org/W2021227541","https://openalex.org/W2023245676","https://openalex.org/W2033297646","https://openalex.org/W2034938603","https://openalex.org/W2054639334","https://openalex.org/W2055695310","https://openalex.org/W2058866831","https://openalex.org/W2061151651","https://openalex.org/W2064632780","https://openalex.org/W2081112969","https://openalex.org/W2086304975","https://openalex.org/W2100237075","https://openalex.org/W2109557022","https://openalex.org/W2121151937","https://openalex.org/W2157849540","https://openalex.org/W2162039844","https://openalex.org/W2404105876","https://openalex.org/W2466831130","https://openalex.org/W2620098140","https://openalex.org/W2626673830","https://openalex.org/W2740380559","https://openalex.org/W2773537780","https://openalex.org/W2789979084","https://openalex.org/W2886311403","https://openalex.org/W2892016326","https://openalex.org/W2912785227","https://openalex.org/W2944828266","https://openalex.org/W2967872605","https://openalex.org/W2974291845","https://openalex.org/W2983654780","https://openalex.org/W3008938544","https://openalex.org/W3010101674","https://openalex.org/W3023262695","https://openalex.org/W3034630449","https://openalex.org/W3082786461","https://openalex.org/W3084294575","https://openalex.org/W3122054522","https://openalex.org/W3122370865","https://openalex.org/W3122690502","https://openalex.org/W3123308266","https://openalex.org/W3123417473","https://openalex.org/W3123636921","https://openalex.org/W3124003421","https://openalex.org/W3124005429","https://openalex.org/W3124041241","https://openalex.org/W3124418789","https://openalex.org/W3124853469","https://openalex.org/W3125055555","https://openalex.org/W3125103807","https://openalex.org/W3125205646","https://openalex.org/W3210590931","https://openalex.org/W3211966870","https://openalex.org/W3217233591","https://openalex.org/W3217423725","https://openalex.org/W4205535610","https://openalex.org/W4213298041","https://openalex.org/W4220894680","https://openalex.org/W4229039840","https://openalex.org/W4255633148","https://openalex.org/W4285395344","https://openalex.org/W4285401167","https://openalex.org/W4293812563","https://openalex.org/W4319455308","https://openalex.org/W4367837892","https://openalex.org/W4392799388","https://openalex.org/W4395686405","https://openalex.org/W6990337457"],"related_works":["https://openalex.org/W4391375266","https://openalex.org/W2748952813","https://openalex.org/W2367468089","https://openalex.org/W2390279801","https://openalex.org/W2358591856","https://openalex.org/W2098133976","https://openalex.org/W2359050340","https://openalex.org/W2348893764","https://openalex.org/W2192670466","https://openalex.org/W3009514698"],"abstract_inverted_index":{"Purpose":[0],"The":[1,52,91],"literature":[2],"suggests":[3],"that":[4,94,180,197],"increasing":[5,107,135],"the":[6,28,34,55,76,102,108,117,136,146,158,167,181,193,202,220],"intensity":[7,109,137],"of":[8,22,30,37,58,81,104,110,120,138,149,166,184,223],"compensation":[9,31,56,111,139,190,216],"incentives":[10,32,112,140,217],"for":[11,113,141],"corporate":[12],"venture":[13],"capital":[14],"(CVC)":[15],"managers":[16,60,103,114,142,187,209],"can":[17],"contribute":[18,218],"to":[19,74,101,131,157,219],"successful":[20,35,118,147,221],"exits":[21,36],"direct":[23,173],"CVCs.":[24,122,151,176,225],"This":[25,153],"study":[26,154],"explores":[27],"impact":[29],"on":[33],"indirect":[38,48,86,105,121,132,150,175,185,199,224],"CVCs":[39,87],"under":[40],"different":[41],"geographical":[42,203],"distances":[43],"between":[44,172,205],"parent":[45,96,125,206],"companies":[46,67,97,126,207],"and":[47,68,174,208],"CVC":[49,59,133,159,186,200],"managers.":[50],"Design/methodology/approach":[51],"authors":[53],"observed":[54],"terms":[57],"through":[61],"investment":[62,83],"announcements":[63],"made":[64],"by":[65],"listed":[66],"used":[69],"a":[70,79],"probit":[71],"regression":[72],"model":[73],"test":[75],"hypotheses":[77],"from":[78],"sample":[80],"241":[82],"events":[84],"with":[85],"in":[88,169,198],"China.":[89],"Findings":[90],"results":[92],"show":[93],"if":[95,124],"are":[98,127,188],"geographically":[99,129],"close":[100,130],"CVCs,":[106],"will":[115,143],"help":[116],"exit":[119,148,222],"However,":[123],"not":[128,144],"managers,":[134],"promote":[145],"Originality/value":[152],"contributes":[155],"significantly":[156],"literature.":[160],"First,":[161],"it":[162,213],"sharpens":[163],"our":[164],"understanding":[165],"differences":[168],"operational":[170],"mechanisms":[171],"Second,":[177],"we":[178],"find":[179],"threshold":[182],"returns":[183],"non-negligible":[189],"incentives.":[191],"Finally,":[192],"empirical":[194],"evidence":[195],"supports":[196],"investments,":[201],"distance":[204],"is":[210],"concerning":[211],"because":[212],"affects":[214],"whether":[215]},"counts_by_year":[{"year":2026,"cited_by_count":3},{"year":2025,"cited_by_count":1}],"updated_date":"2026-06-11T09:08:48.828518","created_date":"2025-10-10T00:00:00"}