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 language | English |
|---|---|
| Pages (from-to) | 58-80 |
| Number of pages | 23 |
| Journal | International Journal of Technology Management |
| Volume | 71 |
| Issue number | 1-2 |
| DOIs | |
| Publication status | Published - 1 Jan 2016 |
| Externally published | Yes |
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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
Coopetition in corporate venture capital : The relationship between network attributes, corporate innovativeness, and financial performance. / Baierl, Ronny; Anokhin, Sergey; Grichnik, Dietmar.
In: International Journal of Technology Management, Vol. 71, No. 1-2, 01.01.2016, p. 58-80.Research output: Contribution to journal › Article
}
TY - JOUR
T1 - Coopetition in corporate venture capital
T2 - The relationship between network attributes, corporate innovativeness, and financial performance
AU - Baierl, Ronny
AU - Anokhin, Sergey
AU - Grichnik, Dietmar
PY - 2016/1/1
Y1 - 2016/1/1
N2 - 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.
AB - 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.
KW - Centrality
KW - Coopetition
KW - Corporate innovativeness
KW - Corporate networks
KW - Corporate venture capital
KW - CVC
KW - Financial performance
KW - Structural holes
KW - Subgroups
UR - http://www.scopus.com/inward/record.url?scp=84982812038&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84982812038&partnerID=8YFLogxK
U2 - 10.1504/IJTM.2016.077978
DO - 10.1504/IJTM.2016.077978
M3 - Article
AN - SCOPUS:84982812038
VL - 71
SP - 58
EP - 80
JO - International Journal of Technology Management
JF - International Journal of Technology Management
SN - 0267-5730
IS - 1-2
ER -