Coopetition in Corporate Venture Capital: The Relationship between Network Attributes, Corporate Innovativeness, and Financial Performance
Journal
International Journal of Technology Management
ISSN
0267-5730
ISSN-Digital
1741-5276
Type
journal article
Date Issued
2016-06
Author(s)
Abstract
We analyze 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 coopetitors 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 coopetitors 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.
Language
English
Keywords
Coopetition
Corporate Venture Capital
Corporate Networks
Centrality
Subgroups
Structural Holes
Corporate Innovativeness
Financial Performance.
HSG Classification
contribution to scientific community
HSG Profile Area
SoM - Business Innovation
Refereed
Yes
Publisher
Inderscience Enterprises Ltd
Publisher place
Geneva-Aeroport
Volume
71
Number
1-2
Start page
58
End page
80
Pages
23
Subject(s)
Division(s)
Contact Email Address
dietmar.grichnik@unisg.ch
Eprints ID
248287