The effect of governance modes and relatedness of external business development activities on innovative performance

被引:209
作者
Keil, Thomas [1 ]
Maula, Markku [1 ]
Schildt, Henri [2 ]
Zahra, Shaker A. [3 ]
机构
[1] Helsinki Univ Technol, Inst Strategy & Int Business, FI-02015 Helsinki, Finland
[2] Univ London Imperial Coll Sci Technol & Med, Tanaka Business Sch, London, England
[3] Univ Minnesota, Carlson Sch Management, Gary Holmes Ctr Entrepreneurial Studies, Minneapolis, MN 55455 USA
关键词
corporate venturing; business development; acquisition; alliance; corporate venture capital; innovation; patents;
D O I
10.1002/smj.672
中图分类号
F [经济];
学科分类号
02 ;
摘要
This study examines how different governance modes for external business development activities and venture relatedness affect a firm's innovative performance. Building on research suggesting that interorganizational relationships enhance the innovative performance of firms, we propose that governance modes and venture relatedness interact in their effect on innovative performance. Analyzing a panel of the largest firms in fibur information and communication technology sectors, we find that degree of relatedness for corporate venture capital investments, alliances, joint ventures, and acquisitions influences their impact on innovative performance. Copyright (C) 2008 John Wiley & Sons, Ltd.
引用
收藏
页码:895 / 907
页数:13
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