| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 1019503 | Journal of Business Venturing | 2010 | 13 Pages |
Abstract
We consider how internal research and development (R&D) influences the use of corporate venture capital (CVC) and how this relationship varies across industries. We find that, in general, R&D investments increase the number of CVC deals in an industry. We also find that R&D investment has a particularly strong influence on the use of CVC in industries that are growing rapidly and changing technologically. Our analysis provides greater clarity on the relationships involving R&D and CVC in the presence of contingencies by integrating insights of absorptive capacity and real options reasoning.
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Authors
Arvin Sahaym, H. Kevin Steensma, Jeffrey Q. Barden,