Coopetition in corporate venture capital: The relationship between network attributes, corporate innovativeness, and financial performance

Ronny Baierl, Sergey Anokhin, Dietmar Grichnik

Результат исследований: Материалы для журналаСтатья

3 Цитирования (Scopus)

Аннотация

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.

Язык оригиналаАнглийский
Страницы (с-по)58-80
Число страниц23
ЖурналInternational Journal of Technology Management
Том71
Номер выпуска1-2
DOI
СостояниеОпубликовано - 1 янв 2016
Опубликовано для внешнего пользованияДа

    Fingerprint

ASJC Scopus subject areas

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

Цитировать