000 02042naa a2200193uu 4500
001 0042615170237
003 OSt
005 20190211171224.0
008 100426s2009 xx ||||gr |0|| 0 eng d
100 1 _aDUSHNITSKY, Gary
_924971
245 1 0 _aLimitations to interorganizational knowledge acquisition :
_bthe paradox of corporate venture capital
260 _aBognor Regis :
_bWiley-Blackwell,
_cOctober 2009
520 3 _aBy highlighting conditions under which viable interorganizational relationships do not materialize, we explore the limitations of interorganizational knowledge acquisition. In the empirical context of corporate venture capital (CVC), we analyze a sample of 1,646 start-up-stage ventures that received funding during the 1990s. Under a regime of weak intellectual property protection (IPP), an entrepreneur-CVC investment relationship is less likely to form when the entrepreneurial invention targets the same industry as corporate products. In contrast, under a strong IPP regime, industry overlap is associated with an increase in the likelihood of an investment relationship. Our findings suggest that many relationships do not form because the corporation will not invest unless the entrepreneur discloses his or her invention, and the entrepreneur may be wary of doing so, fearing imitation. To the extent that a CVC has greater capability and inclination to target same-industry ventures, such industry overlap would exacerbate imitation concerns under a weak IPP regime, yet facilitate an investment relationship under a strong IPP regime. Beyond CVC, this insight may explain patterns of other interorganizational relationships, including research and development alliances and technology licensing between start-ups and incumbents.
700 1 _aSHAVER, J. Myles
_922885
773 0 8 _tStrategic Management Journal
_g30, 10, p. 1045-1064
_dBognor Regis : Wiley-Blackwell, October 2009
_xISSN 01432095
_w
942 _cS
998 _a20100426
_b1517^b
_cDaiane
998 _a20100428
_b1659^b
_cCarolina
999 _aConvertido do Formato PHL
_bPHL2MARC21 1.1
_c32600
_d32600
041 _aeng