Corporate venture funding seems to be quite a popular practice among large and successful companies. I want to find examples of failures in contrast with success stories.
You may want to start with the work of Gary Dushnitsky, who is the expert on the subject. One of his early papers is here: http://faculty.darden.virginia.edu/LenoxM/pdf/cvc_jbv.pdf. There is a short less academic piece about the problems of corporate venturing here: http://observer.com/2010/11/why-startups-are-hesitant-about-corporate-vcs/
The link I have attached below, examines the 76 most costliest start-ups which received funding from corporate ventures that ultimately failed or made and undesirable exit.