Corporate venturing deal syndication and innovation: the information exchange paradox

↓ Direkt till sidans innehåll
↓ Direkt till sidans sekundära innehåll (sidomenyn)

Sökning: WFRF:(Thorgren Sara) > (2010-2014) > Corporate venturing...

1 av 28
Föregående post
Nästa post
Till träfflistan

Anokhin, SergeyKent State University, Kent, OH (författare)

Corporate venturing deal syndication and innovation : the information exchange paradox

Artikel/kapitelEngelska2011

Förlag, utgivningsår, omfång ...

Elsevier BV,2011
printrdacarrier

Nummerbeteckningar

LIBRIS-ID:oai:DiVA.org:ltu-13921
https://urn.kb.se/resolve?urn=urn:nbn:se:ltu:diva-13921URI
https://doi.org/10.1016/j.lrp.2010.12.005DOI

Kompletterande språkuppgifter

Språk:engelska
Sammanfattning på:engelska

Ingår i deldatabas

SwePubSwePub

Klassifikation

Ämneskategori:ref swepub-contenttype
Ämneskategori:art swepub-publicationtype

Anmärkningar

Validerad; 2011; 20110523 (andbra)
Many incumbent corporations make equity investments in young technological start-ups to enhance their innovation effectiveness, and the great majority syndicate at least some of their investments with other incumbents. While syndication is generally held to benefit incumbent corporations, this study demonstrates that it may also be detrimental to corporate innovation, by elaborating the notion of an information exchange paradox - essentially, that information exchanges within CVC networks must, somehow, be both open and closed at the same time. Corporations must try to appropriate the knowledge championed by their investees and fellow-investors, but also protect their own know-how from leaking to competitors. Unlike prior CVC research, we demonstrate that knowledge sharing in open innovation forums may be counterproductive. Using a unique data set of the investment decisions made by 163 corporations over four years we show that, for some, participating in syndicate networks may involve losses that outweigh their gains. Our analysis establishes two key findings. First, corporations need to consider the trade-off between the number of ventures they support and the position they take in their syndication networks. The best strategies appear to be maximizing isolationist (supporting many ventures but staying away from the network centre) or minimizing centralist (supporting few ventures, but occupying a central network position) - the other two options (maximizing centralist and minimizing isolationist strategies) are far less effective in converting CVC investments into corporate innovation. Second, this picture is particularly applicable to highly concentrated industries dominated by several powerful incumbents: in fragmented industries these strategy differences are far less pronounced, so the choice of CVC syndication strategy will depend on other considerations. This supports a contingency view of syndication, implying that ensuring incumbent corporations really benefit from equity investments in start-ups is a not a trivial task for their managers

Ämnesord och genrebeteckningar

TEKNIK OCH TEKNOLOGIER Annan teknik Övrig annan teknik hsv//swe
ENGINEERING AND TECHNOLOGY Other Engineering and Technologies Other Engineering and Technologies not elsewhere specified hsv//eng
Entreprenörskap och innovation
Entrepreneurship and Innovation

Biuppslag (personer, institutioner, konferenser, titlar ...)

Örtqvist, DanielLuleå tekniska universitet,Innovation och Design(Swepub:ltu)danielo (författare)
Thorgren, SaraLuleå tekniska universitet,Innovation och Design(Swepub:ltu)sartho (författare)
Wincent, JoakimLuleå tekniska universitet,Innovation och Design(Swepub:ltu)joavin (författare)
Kent State University, Kent, OHInnovation och Design (creator_code:org_t)

Sammanhörande titlar

Ingår i:Long range planning: Elsevier BV44:2, s. 134-1510024-63011873-1872

Internetlänk

Hitta via bibliotek

Long range planning (Sök värdpublikationen i LIBRIS)

Till lärosätets databas

1 av 28
Föregående post
Nästa post
Till träfflistan

Hitta mer i SwePub

Av författaren/redakt...: Anokhin, Sergey; Örtqvist, Daniel; Thorgren, Sara; Wincent, Joakim

Om ämnet

TEKNIK OCH TEKNOLOGIER: TEKNIK OCH TEKNO ...; och Annan teknik; och Övrig annan tekn ...

Artiklar i publikationen: Long range plann ...

Av lärosätet: Luleå tekniska universitet

Sök utanför SwePub

Sök vidare i:: Google; Google Book Search; Google Scholar

Kungliga biblioteket hanterar dina personuppgifter i enlighet med EU:s dataskyddsförordning (2018), GDPR. Läs mer om hur det funkar här.
Så här hanterar KB dina uppgifter vid användning av denna tjänst.

LIBRIS.kb.se