The effect of governance modes and relatedness of external business development activities on innovative performance |
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| Authors: | Thomas Keil Markku Maula Henri Schildt Shaker A Zahra |
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| Institution: | 1. Institute of Strategy and International Business, Helsinki University of Technology, Finland;2. Tanaka Business School, Imperial College London, London, U.K.;3. Carlson School of Management, Gary Holmes Center for Entrepreneurial Studies, University of Minnesota, Minneapolis, Minnesota, U.S.A.;4. The authors are listed in alphabetical order, not order of contribution. |
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| Abstract: | 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 four 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 © 2008 John Wiley & Sons, Ltd. |
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| Keywords: | corporate venturing business development acquisition alliance corporate venture capital innovation patents |
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