Corporate Venturing Modes and Their Impact on Corporate Learning
University of Zurich - Department of Business Administration
Markku V. J. Maula
Aalto University, Dept. of Industrial Engineering and Management, Institute of Strategy
Aalto University - Institute of Strategy and Intl. Business
Babson College, Babson Kauffman Entrepreneurship Research Conference (BKERC), 2002-2006
Learning and increased innovation are often mentioned as some of the key benefits from corporate venturing for corporations. However, little research exists that would analyze whether there are systematic differences in learning outcomes across different governance modes. In this paper, we systematically analyze how the governance choice between different external corporate venturing modes (i.e. corporate venture capital investments, alliances, joint ventures and acquisitions) influences the learning outcomes from corporate venturing. Based on learning theory, we develop hypotheses predicting how the characteristics of these governance modes affect learning outcomes in the corporation.
Number of Pages in PDF File: 15
JEL Classification: M13Accepted Paper Series
Date posted: March 25, 2011
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo1 in 0.390 seconds