Markku V. J. Maula

Aalto University, Department of Industrial Engineering and Management

Professor of Venture Capital

PO Box 15500

FI-00076 AALTO

Espoo

Finland

http://users.aalto.fi/mmaula/

SCHOLARLY PAPERS

25

DOWNLOADS

606

SSRN CITATIONS

5

CROSSREF CITATIONS

14

Scholarly Papers (25)

1.

Top Management’s Attention to Discontinuous Technological Change: Corporate Venture Capital as an Alert Mechanism

Organization Science, Forthcoming
Number of pages: 42 Posted: 26 May 2012
Markku V. J. Maula, Thomas Keil and Shaker A. Zahra
Aalto University, Department of Industrial Engineering and Management, University of Zurich - Department of Business Administration and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 226 (148,082)
Citation 3

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attention, corporate venture capital, homophily, heterophily, status, technological discontinuity

2.

Corporate Venturing Modes and Their Impact on Corporate Learning

Babson College, Babson Kauffman Entrepreneurship Research Conference (BKERC), 2002-2006
Number of pages: 15 Posted: 25 Mar 2011
Thomas Keil, Markku V. J. Maula and Henri Schildt
University of Zurich - Department of Business Administration, Aalto University, Department of Industrial Engineering and Management and Aalto University - Institute of Strategy and Intl. Business
Downloads 160 (202,225)

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Entrepreneurship

3.

The Effects of Incentive Structures on the Performance of Publicly Funded Venture Capital Funds

Babson College, Babson Kauffman Entrepreneurship Research Conference (BKERC), 2002-2006
Number of pages: 13 Posted: 28 Feb 2011
Mikko Jaaskelainen, Markku V. J. Maula and Gordon C. Murray
Aalto University - Industrial Engineering and Management, Aalto University, Department of Industrial Engineering and Management and University of Exeter Business School
Downloads 85 (320,224)

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Entrepreneurship

4.

Do Networks of Financial Intermediaries Help Reduce Local Bias? Evidence from Cross-Border Venture Capital Exits

Journal of Business Venturing, Forthcoming
Number of pages: 47 Posted: 25 Sep 2013 Last Revised: 30 Sep 2013
Mikko Jääskeläinen and Markku V. J. Maula
Aalto University and Aalto University, Department of Industrial Engineering and Management
Downloads 68 (363,833)
Citation 2

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cross-border venture capital, IPOs, trade sales, network distance, geographical distance, cultural distance

5.

Attention Across Borders: Investor Attention as a Driver of Investment Choices in Cross-Border Equity Crowdfunding

Number of pages: 57 Posted: 01 Dec 2019
Markku V. J. Maula and Anna Lukkarinen
Aalto University, Department of Industrial Engineering and Management and Aalto University, Department of Industrial Engineering and Management
Downloads 65 (372,500)

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cross-border investments, equity crowdfunding, digital platforms, attention, co-nationality, national distances

Unique Resources of Corporate Venture Capitalists as a Key to Entry into Rigid Venture Capital Syndication Networks

Entrepreneurship Theory and Practice, Vol. 34, Issue 1, pp. 83-103, January 2010
Number of pages: 21 Posted: 06 Jan 2010
Thomas Keil, Markku V. J. Maula and Cameron Wilson
University of Zurich - Department of Business Administration, Aalto University, Department of Industrial Engineering and Management and York University - Schulich School of Business
Downloads 2 (728,094)
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Unique Resources of Corporate Venture Capitalists as a Key to Entry into Rigid Venture Capital Syndication Networks

Entrepreneurship Theory and Practice, Forthcoming
Posted: 22 Aug 2008
Thomas Keil, Markku V. J. Maula and Cameron Wilson
University of Zurich - Department of Business Administration, Aalto University, Department of Industrial Engineering and Management and York University - Schulich School of Business

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Network evolution, venture capital syndication, corporate venture capital

7.

CEO Entrepreneurial Orientation, Entrenchment, and Firm Value Creation

Entrepreneurship Theory and Practice, Vol. 41, Issue 4, pp. 475-504, 2017
Number of pages: 30 Posted: 04 Jul 2017
Thomas Keil, Markku V. J. Maula and Evangelos D. Syrigos
University of Zurich - Department of Business Administration, Aalto University, Department of Industrial Engineering and Management and University of Zurich
Downloads 0 (726,220)
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8.

Emergence of Industries: A Review and Future Directions

International Journal of Management Reviews, Vol. 18, Issue 1, pp. 28-50, 2016
Number of pages: 23 Posted: 15 Jan 2016
Aalto University, Aalto University - Industrial Engineering and Management, Aalto University, Department of Industrial Engineering and Management and Aalto University - Institute of Strategy and Intl. Business
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9.

The Temporal Effects of Relative and Firm-Level Absorptive Capacity on Interorganizational Learning

Strategic Management Journal, Forthcoming
Posted: 04 Oct 2011
Henri A. Schildt, Thomas Keil and Markku V. J. Maula
Hanken School of Economics, University of Zurich - Department of Business Administration and Aalto University, Department of Industrial Engineering and Management

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absorptive capacity, interorganizational learning, patents, alliance, time

10.

Allocation of Attention to Portfolio Companies and the Performance of Venture Capital Firms

University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship
Posted: 10 Nov 2009
Mikko Jaaskelainen, Markku V. J. Maula and Tuukka Seppa
Aalto University - Industrial Engineering and Management, Aalto University, Department of Industrial Engineering and Management and affiliation not provided to SSRN

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Syndication, Portfolio firms, Venture capital, Firm performance, Venture capital firms, Investment policies, Cooperation, Resource management

11.

Corporate Venture Capital and the Balance of Risks and Rewards for Portfolio Companies

Journal of Business Venturing, Vol. 24, No. 3, pp. 274-286
Posted: 13 Oct 2008 Last Revised: 29 Apr 2009
Markku V. J. Maula, Erkko Autio and Gordon C. Murray
Aalto University, Department of Industrial Engineering and Management, HEC Lausanne and University of Exeter Business School

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corporate venture capital, technology-based new firms, complementarities, relationship risks, relationship learning benefits

12.

Transferability of the Venture Capital Model to the Corporate Context: Implications for the Performance of Corporate Venture Units

Strategic Entrepreneurship Journal, Vol. 3, No. 1, pp. 3-27
Posted: 02 Sep 2008 Last Revised: 29 Apr 2009
Cass Business School, City University London, Aalto University, Department of Industrial Engineering and Management, London Business School and University of Exeter Business School

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Corporate venture unit, Venture capital, Financial performance, Strategic performance, Survival, Practice transfer

13.

New Ventures' Inward Licensing: Examining the Effects of Industry and Strategy Characteristics

European Management Review, Vol. 2, No. 3, pp. 154-166, 2005
Posted: 29 Aug 2008
Shaker A. Zahra, Thomas Keil and Markku V. J. Maula
University of Minnesota - Twin Cities - Carlson School of Management, University of Zurich - Department of Business Administration and Aalto University, Department of Industrial Engineering and Management

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New venture, technological capabilities, inward licensing

14.

Profit Distribution and Compensation Structures in Publicly and Privately Funded Hybrid Venture Capital Funds

Research Policy, Vol. 36, No. 7, 2007
Posted: 29 Aug 2008
Mikko Jääskeläinen, Markku V. J. Maula and Gordon C. Murray
Aalto University, Aalto University, Department of Industrial Engineering and Management and University of Exeter Business School

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Venture capital, distribution structures, compensation structures, hybrid funds, enterprise policy

Prerequisites for the Creation of Social Capital and Subsequent Knowledge Acquisition in Corporate Venture Capital

Venture Capital: An International Journal of Entrepreneurial Finance,Vol. 5, No. 2, pp. 117-134
Posted: 23 Aug 2008
Markku V. J. Maula, Erkko Autio and Gordon C. Murray
Aalto University, Department of Industrial Engineering and Management, HEC Lausanne and University of Exeter Business School

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Corporate venture capital, social Capital, knowledge acquisition

Prerequisites for the Creation of Social Capital and Subsequent Knowledge Acquisition in Corporate Venture Capital

University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship
Posted: 01 Dec 2009
Markku V. J. Maula, Erkko Autio and Gordon C. Murray
Aalto University, Department of Industrial Engineering and Management, affiliation not provided to SSRN and University of Exeter Business School

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Interpersonal communication, Information transfer, Firm ownership, Social capital, Investors, Agency theory, Venture capitalists, Cooperation

16.

Corporate Venture Capitalists and Independent Venture Capitalists: What Do They Know, Who Do They Know and Should Entrepreneurs Care?

Venture Capital: An International Journal of Entrepreneurial Finance, Vol. 7, No. 1, pp. 3-21
Posted: 23 Aug 2008
Markku V. J. Maula, Erkko Autio and Gordon C. Murray
Aalto University, Department of Industrial Engineering and Management, HEC Lausanne and University of Exeter Business School

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Corporate venture capital, venture capital, value-added, social capital, knowledge-based view

17.

Attracting Cross-Border Venture Capital: The Role of a Local Investor

Entrepreneurship & Regional Development, Vol. 20, No. 3, pp. 237-257, 2008
Posted: 23 Aug 2008
Markus Mäkelä and Markku V. J. Maula
University of Turku and Aalto University, Department of Industrial Engineering and Management

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Cross-border venture capital, cross-border investment readiness, international social capital

18.

Exploration, Exploitation, and Financial Performance: Analysis of S&P 500 Corporations

Strategic Management Journal, Vol. 30, No. 2, pp. 221-231
Posted: 22 Aug 2008 Last Revised: 09 May 2013
Juha Uotila, Markku V. J. Maula, Shaker A. Zahra and Thomas Keil
Aalto University - Institute of Strategy and Intl. Business, Aalto University, Department of Industrial Engineering and Management, University of Minnesota - Twin Cities - Carlson School of Management and University of Zurich - Department of Business Administration

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Exploration, exploitation, organizational learning, behavioral theory of the firm, performance

19.

Explorative and Exploitative Learning from External Corporate Ventures

Entrepreneurship Theory and Practice, Vol. 29, No. 4, pp. 493-515
Posted: 22 Aug 2008
Henri Schildt, Thomas Keil and Markku V. J. Maula
Aalto University - Institute of Strategy and Intl. Business, University of Zurich - Department of Business Administration and Aalto University, Department of Industrial Engineering and Management

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External corporate venturing, inter-organizational learning, exploration and exploitation, corporate venture capital, alliances, joint ventures, acquisitions, patent citations

20.

What Drives Micro-Angel Investments?

Small Business Economics, Vol. 25, No. 5, 2005
Posted: 22 Aug 2008
Markku V. J. Maula, Pia Arenius and Erkko Autio
Aalto University, Department of Industrial Engineering and Management, Turku School of Economics and HEC Lausanne

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Household portfolios, informal venture capital, theory of planned behavior

21.

Acquiring Financial Resources from Foreign Equity Capital Markets: An Examination of Factors Influencing Foreign Initial Public Offerings

Journal of Business Venturing, Vol. 22, No. 6, pp. 833-851
Posted: 22 Aug 2008
Jani Hursti and Markku V. J. Maula
Aalto University - Institute of Strategy and Intl. Business and Aalto University, Department of Industrial Engineering and Management

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Foreign initial public offerings, cross-border venture capital

22.

Allocation of Attention to Portfolio Companies and the Performance of Venture Capital Firms

Entrepreneurship Theory and Practice, Vol. 30, No. 2, pp. 18-206
Posted: 22 Aug 2008
Mikko Jääskeläinen, Markku V. J. Maula and Tuukka Seppä
Aalto University, Aalto University, Department of Industrial Engineering and Management and Boston Consulting Group

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Venture capital, portfolio, allocation of attention, performance

23.

Interorganizational Commitment in Syndicated Cross-Border Venture Capital Investments

Entrepreneurship Theory and Practice, Vol. 30, No. 2, pp. 273-298
Posted: 22 Aug 2008
Markus Mäkelä and Markku V. J. Maula
University of Turku and Aalto University, Department of Industrial Engineering and Management

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cross-border venture capital, inter-organizational commitment, venture capital syndication

24.

Cross-Border Venture Capital and New Venture Internationalization: An Isomorphism Perspective

Venture Capital: An International Journal of Entrepreneurial Finance, Vol. 7, No. 3, pp. 227-257
Posted: 22 Aug 2008
Markus Mäkelä and Markku V. J. Maula
University of Turku and Aalto University, Department of Industrial Engineering and Management

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Cross-border venture capital, internationalization, isomorphism, legitimacy, liability of foreignness

25.

The Effect of Governance Modes and Relatedness of External Business Development Activities on Innovative Performance

Strategic Management Journal, Vol. 29, No. 8, pp. 895-907
Posted: 13 Apr 2007 Last Revised: 27 Aug 2013
Thomas Keil, Markku V. J. Maula, Henri Schildt and Shaker A. Zahra
University of Zurich - Department of Business Administration, Aalto University, Department of Industrial Engineering and Management, Aalto University - Institute of Strategy and Intl. Business and University of Minnesota - Twin Cities - Carlson School of Management

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Corporate venturing, business development, acquisition, alliance, corporate venture capital, innovation, patents