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Recent literature has advocated the transfer of venture capital (VC) practices and structures to corporate venture (CV) units but this advice has not been empirically validated. We test the perform...

Examining temporal patterns of interorganizational knowledge-flows, we find an inverted U-shape over time. R&D spending, industry relatedness, and relationship form influence both magnitude and tim...

The article discusses a study that investigates the conditions under which corporate venture capital (CVC) investments promote the exploitive and explorative organizational learning of incumbents. The article argues that a program of CVC investments allows incumbents to learn different things than they would otherwise from studying single CVC transactions. The article hypothesizes that there is an inverted U-shaped relationship between the volume of the incumbent's CVC investments and exploitative and explorative organizational learning. The article also discusses core business relatedness, the autonomy of the CVC unit, and the absorptive capacity of the incumbent.

Organizational status, as a type of firm-specific advantage, is generally considered beneficial for firm performance. However, the effects of status, commonly operationalized based on network ties,...

Prior literature has independently identified moderate positive relationships between firm value creation and both entrepreneurial orientation and corporate governance. However, the literature indi...

We examine the neglected question concerning how varying institutional distance between potential partners in different countries influences the role of relational embeddedness in cross-border partner selection decisions. We develop an integrative perspective where the institutional context in which partner selection decisions occur defines boundary conditions to the relational embeddedness approach to partner selection decisions. We construct a unique, novel dataset from various sources, comprising 1021 venture capital investments in 12 European countries in which 391 different local venture capital investors invited 302 different foreign investors from 14 European countries. Adopting a case-control analytical approach we find that the effect of relational embeddedness on partner selection is positively moderated by the regulatory, cognitive and normative distance between the institutions in which the local and foreign partners operate

Drawing on theories of momentum and escalating commitment, we argue and find that despite the potentially negative performance consequences, there is a tendency for firms to escalate from small to ...

Behavioral theory predicts that when performance falls behind the aspired level, the firm is increasingly likely to engage in risky actions to return to the aspired performance level. Prior empirical research has examined this proposition focusing on a variety of strategic responses to performance shortfalls resulting in a body of literature with somewhat mixed results. One important shortcoming in prior literature is to abstract too strongly from the strategic context in which the performance shortfall occurs and focusing on individual action categories. Faced with a performance shortfall firms frequently can engage in multiple courses of action and the likelihood to engage in any of these may depend on contingencies within the firm. Using data from 85 large companies in the ICT sector, we compare resource consuming acquisitions and resource freeing divestments as two polar types of risky actions, and slack resources as a moderator of the relationship between aspirations and these risky actions. In line ...