On the afternoon of July 3, 2024, the Business School held the 38th Session of the Series of Academic Lectures Celebrating the 75th Anniversary of the Founding of Central University of Finance and Economics and the 13th Session of the Excellent Academic Forum Lecture Series in 2024 at the Conference Room 615 of the Main Teaching Building on theXueyuanSouth Road Campus of the Central University of Finance and Economics. Professor Li Yong from the College of Business at the University of Nevada was invited as the guest speaker of this lecture. The Business School’s teachers, doctoral students and master students attended this academic activity.

This meeting was chaired byProfessor Lin Song from the Business School. Before the official start of this lecture,Professor Lin Song introducedProfessor Li Yong’s resume in detail. Professor LiYong is the Lee Entrepreneurship Chair Professor at the College of Business of the University of Nevada, the research director of theTroeshEntrepreneurship and Innovation Center, the co-editor of Strategic Management Journal (SEJ), a major journal in the field of entrepreneurship, as well as the editorial board member for major journals such as Academy of Management Journal (AMJ), Academy of Management Review (AMR), Journal of Business Venturing (JBV) and Journal of International Business Studies (JIBS). He taught MBA and doctoral programs at several universities in the United States and China. He was awarded the honor of “Excellent Teachers Selected by Students” as well as the honors about bestseller cases and best cases. He was a professor of strategic entrepreneurship at the State University of New York at Buffalo and received his PhD in business administration from the University of Illinois at Urbana-Champaign.

The topic of Professor Li Yong’s lecture is “CVC investment in an enabling technology”. At present, the research on corporate venture capital emphasizes the pursuit of financial and strategic goals, as well as the incentive mismatch between corporate venture capital and start-up enterprises. This research examines an industry investment driving factor that has been largely unrecognized in research, i.e. the collaborative incubation of an enabling technology prior to profitable commercialization. We believe that technological complementarity between corporate venture capital and joint venture under the circumstances is a key driver of corporate investment, especially in the case of high technological uncertainty. Besides, in our opinion, despite the risk of appropriation, the encouraging effects of technological complementarity are still important. We’ve found a lot of supporting evidence against the background of artificial intelligence enterprise investment. Thus, we increased the efforts to research investment and complementarity.

After the sharing, with regard to the topic ofProfessorLi Yong’s lecture, the attending teachers and students actively participated in the discussion about theoretical writing, research methodology and publication of high-level papers, further deepening their academic exchanges.

The “Excellent Academic Forum” is an academic exchange platform established by the Business School to fulfill the mission of “contributing new management knowledge”, which focuses on cutting-edge theoretical issues and organizational development dilemmas in the discipline of business administration and the Chinese enterprise management practice, and brings together frontier ideas and innovative ideas in China and abroad, so as to explore Chinese solutions for China's social and economic development.