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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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