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

Shu Jou Lin; Ji Ren Lee

doi:10.1016/j.jbusvent.2009.10.005

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

Shu Jou Lin^*, Ji Ren Lee

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

41 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 language	English
Pages (from-to)	489-503
Number of pages	15
Journal	Journal of Business Venturing
Volume	26
Issue number	4
DOIs	https://doi.org/10.1016/j.jbusvent.2009.10.005
Publication status	Published - 2011 Jul

Keywords

Corporate venturing portfolio
Portfolio configuration
Portfolio effects

ASJC Scopus subject areas

Business and International Management
Management of Technology and Innovation

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10.1016/j.jbusvent.2009.10.005

Cite this

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

Abstract

Keywords

ASJC Scopus subject areas

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