Configuring a corporate venturing portfolio to create growth value: Within-portfolio diversity and strategic linkage

Shu-Jou Lin, Ji Ren Lee

Research output: Contribution to journalArticle

21 Citations (Scopus)

Abstract

This study attempted an empirical investigation of whether and how a corporate investor can enhance future growth opportunities through corporate venturing investments (CVIs). Different from previous studies, we assessed the firm-level performance impact of a CVI portfolio with a focus on two configuration features: within-portfolio diversity and strategic linkage. Based on a longitudinal dataset of CVIs made by Taiwanese technology-based companies, we found that increasing CVI portfolio diversity and maintaining strategic linkages, particularly vertical ones, between the portfolio companies and the investing firm's core business will add value to the investing firm's future growth. Implications for CVI strategy and opportunities for future research are also discussed.

Original languageEnglish
Pages (from-to)489-503
Number of pages15
JournalJournal of Business Venturing
Volume26
Issue number4
DOIs
Publication statusPublished - 2011 Jul 1

Fingerprint

Industry
Corporate venturing
Linkage
Investing
Investment portfolio
Performance levels
Vertical linkages
Investment strategy
Investment opportunities
Empirical investigation
Growth opportunities
Investors

Keywords

  • Corporate venturing portfolio
  • Portfolio configuration
  • Portfolio effects

ASJC Scopus subject areas

  • Business and International Management
  • Management of Technology and Innovation

Cite this

Configuring a corporate venturing portfolio to create growth value : Within-portfolio diversity and strategic linkage. / Lin, Shu-Jou; Lee, Ji Ren.

In: Journal of Business Venturing, Vol. 26, No. 4, 01.07.2011, p. 489-503.

Research output: Contribution to journalArticle

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