Additivity and complementarity in external technology sourcing

The added value of corporate venture capital investments

V. van de Vrande, W. Vanhaverbeke, G.M. Duijsters

Research output: Contribution to journalArticleScientificpeer-review

Abstract

Innovating firms often invest in a number of different technology projects, in different stages of development, using a wide range of distinct technology sourcing modes, such as strategic alliances, joint ventures, and mergers and acquisitions. Recently, firms have also gained an increasing awareness of the potential benefits of corporate venture capital investments. This paper investigates the particular role of corporate venture capital investments in the technology sourcing portfolio of firms. More specifically, we focus on the extent to which corporate venture capital investments are additive or complementary to other modes of technology sourcing when explaining the innovative performance of firms. The results indicate that corporate venture capital investments are particularly beneficial for the innovative performance of firms when they are used in combination with other technology sourcing modes.
Original languageEnglish
Pages (from-to)483-496
JournalIEEE Transactions on Engineering Management
Volume58
Issue number3
DOIs
Publication statusPublished - 2011

Fingerprint

Mergers and acquisitions
Additivity
Corporate venture capital
Capital investment
Added value
Complementarity
Technology sourcing
Innovative performance
Strategic alliances
Stages of development
Joint ventures

Cite this

@article{e7a9974bfbba49b4a45dfc38591fe32d,
title = "Additivity and complementarity in external technology sourcing: The added value of corporate venture capital investments",
abstract = "Innovating firms often invest in a number of different technology projects, in different stages of development, using a wide range of distinct technology sourcing modes, such as strategic alliances, joint ventures, and mergers and acquisitions. Recently, firms have also gained an increasing awareness of the potential benefits of corporate venture capital investments. This paper investigates the particular role of corporate venture capital investments in the technology sourcing portfolio of firms. More specifically, we focus on the extent to which corporate venture capital investments are additive or complementary to other modes of technology sourcing when explaining the innovative performance of firms. The results indicate that corporate venture capital investments are particularly beneficial for the innovative performance of firms when they are used in combination with other technology sourcing modes.",
author = "{van de Vrande}, V. and W. Vanhaverbeke and G.M. Duijsters",
year = "2011",
doi = "10.1109/tem.2010.2091134",
language = "English",
volume = "58",
pages = "483--496",
journal = "IEEE Transactions on Engineering Management",
issn = "0018-9391",
publisher = "Institute of Electrical and Electronics Engineers Inc.",
number = "3",

}

Additivity and complementarity in external technology sourcing : The added value of corporate venture capital investments. / van de Vrande, V.; Vanhaverbeke, W.; Duijsters, G.M.

In: IEEE Transactions on Engineering Management, Vol. 58, No. 3, 2011, p. 483-496.

Research output: Contribution to journalArticleScientificpeer-review

TY - JOUR

T1 - Additivity and complementarity in external technology sourcing

T2 - The added value of corporate venture capital investments

AU - van de Vrande, V.

AU - Vanhaverbeke, W.

AU - Duijsters, G.M.

PY - 2011

Y1 - 2011

N2 - Innovating firms often invest in a number of different technology projects, in different stages of development, using a wide range of distinct technology sourcing modes, such as strategic alliances, joint ventures, and mergers and acquisitions. Recently, firms have also gained an increasing awareness of the potential benefits of corporate venture capital investments. This paper investigates the particular role of corporate venture capital investments in the technology sourcing portfolio of firms. More specifically, we focus on the extent to which corporate venture capital investments are additive or complementary to other modes of technology sourcing when explaining the innovative performance of firms. The results indicate that corporate venture capital investments are particularly beneficial for the innovative performance of firms when they are used in combination with other technology sourcing modes.

AB - Innovating firms often invest in a number of different technology projects, in different stages of development, using a wide range of distinct technology sourcing modes, such as strategic alliances, joint ventures, and mergers and acquisitions. Recently, firms have also gained an increasing awareness of the potential benefits of corporate venture capital investments. This paper investigates the particular role of corporate venture capital investments in the technology sourcing portfolio of firms. More specifically, we focus on the extent to which corporate venture capital investments are additive or complementary to other modes of technology sourcing when explaining the innovative performance of firms. The results indicate that corporate venture capital investments are particularly beneficial for the innovative performance of firms when they are used in combination with other technology sourcing modes.

U2 - 10.1109/tem.2010.2091134

DO - 10.1109/tem.2010.2091134

M3 - Article

VL - 58

SP - 483

EP - 496

JO - IEEE Transactions on Engineering Management

JF - IEEE Transactions on Engineering Management

SN - 0018-9391

IS - 3

ER -