Coopetition in corporate venture capital

The relationship between network attributes, corporate innovativeness, and financial performance

Ronny Baierl, Sergey Anokhin, Dietmar Grichnik

Research output: Contribution to journalArticle

1 Citation (Scopus)

Abstract

We analyse corporate venture capital (CVC) as a characteristic form of coopetition. In doing so, we apply the network perspective and examine the influence of three important network attributes - namely centrality, subgroups, and structural holes - on a coopetitor's innovativeness and subsequent financial performance. We test our hypotheses with the data from CVC investments of 162 corporations operating in a variety of industries over the course of six years. Our results show that a coopetitor's centrality in the respective CVC network positively affects corporate innovativeness, whereas belonging to a restricted subgroup suppresses innovativeness. In turn, innovativeness is positively related to subsequent financial performance. Thus, by strategically managing its position in a CVC network, coopetitors increase their own innovativeness that lead to superior financial outcomes.

Original languageEnglish
Pages (from-to)58-80
Number of pages23
JournalInternational Journal of Technology Management
Volume71
Issue number1-2
DOIs
Publication statusPublished - 1 Jan 2016
Externally publishedYes

Fingerprint

venture capital
performance
Industry
capital investment
corporation
Network relationships
Corporate venture capital
Financial performance
Innovativeness
Coopetition
industry

Keywords

  • Centrality
  • Coopetition
  • Corporate innovativeness
  • Corporate networks
  • Corporate venture capital
  • CVC
  • Financial performance
  • Structural holes
  • Subgroups

ASJC Scopus subject areas

  • Industrial relations
  • Engineering(all)
  • Computer Science Applications
  • Strategy and Management
  • Law

Cite this

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