Strategic effects of corporate venture capital investments

Sergey Anokhin, Joakim Wincent, Pejvak Oghazi

Forskningsoutput: TidskriftsbidragArtikelVetenskapligPeer review

8 Citeringar (Scopus)

Sammanfattning

This paper analyzes the strategic effects of corporate venture capital investments. Specifically, by studying the deals of 163 corporations over a four-year period, it documents the effects of driving, emerging, enabling, and passive investments on the pool of innovative opportunities available to incumbents and the scale efficiency gains they experience as a result of these investments. The study suggests that by making driving and enabling investments, incumbents position themselves in the industry to take advantage of increased pools of innovative opportunities and improve scale efficiency yields. At the same time, emerging and passive investments are detrimental for both of the strategic goals considered in this paper.
OriginalspråkEngelska
Referentgranskad vetenskaplig tidskriftJournal of Business Venturing Insights
Volym5
UtgåvaJune
Sidor (från-till)63-69
Antal sidor7
ISSN2352-6734
DOI
StatusPublicerad - 06.2016
MoE-publikationstypA1 Originalartikel i en vetenskaplig tidskrift

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