Absorptive Capacity in New Ventures: Differences Among Corporate Ventures and Independent Ventures

Babson College Entrepreneurship Research Conference (BCERC) 2007

Frontiers of Entrepreneurship Research 2007

15 Pages Posted: 6 Dec 2007 Last revised: 22 Feb 2008

See all articles by Barbara Larrañeta

Barbara Larrañeta

Universidad Pablo de Olavide

Shaker A. Zahra

University of Minnesota - Twin Cities - Carlson School of Management

José Luis Galán

University of Seville - Departament of Business Administration and Marketing

Abstract

This paper describes a study of the effects of venture origin on ACAP dimensions addressing two questions: how differently do corporate ventures (CVs) and independent ventures (IVs) build their ACAP? And, what are the effects of these differing ways of building ACAP on the new venture performance (NVP) and strategic variety? In answering these questions, we build on three related theoretical perspectives: resource-based view (Barney, 1991; Peteraf, 1993), knowledge-based theory (Grant, 1996), and the dynamic capabilities approach (Teece et al., 1997; Winter, 2003). Using data from face-to-face interviews and surveys on 140 new ventures, our results show that CVs primarily focus on developing the ACAP processes of acquisition and assimilation of new external knowledge when compared to IVs; and that IVs center their efforts in commercially exploiting the knowledge externally acquired. We did not find evidence of significant differences among CVs and IVs in their strategic variety. Yet, we found that an emphasis on potential ACAP is positively associated with the strategic variety of both CVs and IVs. Finally, our results reveal that ACAP is not directly related to NVP.

Keywords: Entrepreneurship

JEL Classification: M13

Suggested Citation

Larrañeta, Barbara and Zahra, Shaker A. and Galán Gonzalez, José Luis, Absorptive Capacity in New Ventures: Differences Among Corporate Ventures and Independent Ventures. Babson College Entrepreneurship Research Conference (BCERC) 2007; Frontiers of Entrepreneurship Research 2007. Available at SSRN: https://ssrn.com/abstract=1065021

Barbara Larrañeta (Contact Author)

Universidad Pablo de Olavide ( email )

Ctra. Utrera, Km.1
Sevilla, Seville 41010
Spain

Shaker A. Zahra

University of Minnesota - Twin Cities - Carlson School of Management ( email )

19th Avenue South
Minneapolis, MN 55455
United States

José Luis Galán Gonzalez

University of Seville - Departament of Business Administration and Marketing ( email )

Ramón y Cajal no. 1
E-41092 Sevilla
Spain

HOME PAGE: http://www.us.es/centrosdptos/pdi/pdi_4529/?searchterm=Jos?%20Luis%20Gal?n

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