Please use this identifier to cite or link to this item: http://hdl.handle.net/1942/12165
Title: Additivity and Complementarity in External Technology Sourcing: The Added Value of Corporate Venture Capital Investments
Authors: van de Vrande, Vareska
VANHAVERBEKE, Wim 
DUYSTERS, Geert 
Issue Date: 2011
Publisher: IEEE-INST ELECTRICAL ELECTRONICS ENGINEERS INC
Source: IEEE TRANSACTIONS ON ENGINEERING MANAGEMENT, 58(3). p. 483-496
Abstract: Innovating firms often invest in a number of different technology projects, in different stages of development, using a wide range of distinct technology sourcing modes, such as strategic alliances, joint ventures, and mergers and acquisitions. Recently, firms have also gained an increasing awareness of the potential benefits of corporate venture capital investments. This paper investigates the particular role of corporate venture capital investments in the technology sourcing portfolio of firms. More specifically, we focus on the extent to which corporate venture capital investments are additive or complementary to other modes of technology sourcing when explaining the innovative performance of firms. The results indicate that corporate venture capital investments are particularly beneficial for the innovative performance of firms when they are used in combination with other technology sourcing modes.
Notes: [van de Vrande, V] Erasmus Univ, Rotterdam Sch Management, Dept Strateg Management & Business Environm, NL-3000 DR Rotterdam, Netherlands [van de Vrande, V] Ecole Polytech Fed Lausanne, CH-1015 Lausanne, Switzerland [Vanhaverbeke, W] Hasselt Univ, B-3590 Diepenbeek, Belgium [Vanhaverbeke, W] Vlerick Leuven Gent Management Sch, Louvain, Belgium [Vanhaverbeke, W] ESADE Business Sch, Barcelona 08034, Spain [Duysters, G] Tilburg Univ, NL-5000 LE Tilburg, Netherlands [Duysters, G] Eindhoven Univ Technol, NL-5600 MB Eindhoven, Netherlands vvrande@rsm.nl; wim.vanhaverbeke@uhasselt.be; g.m.duysters@tue.nl
Keywords: complementarity; corporate venture capital investments; external technology sourcing; M&As; open innovation; strategic alliances;Complementarity; corporate venture capital investments; external technology sourcing; M&As; open innovation; strategic alliances
Document URI: http://hdl.handle.net/1942/12165
ISSN: 0018-9391
e-ISSN: 1558-0040
DOI: 10.1109/TEM.2010.2091134
ISI #: 000293707100008
Category: A1
Type: Journal Contribution
Validations: ecoom 2012
Appears in Collections:Research publications

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