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

Shu Jou Lin*, Ji Ren Lee

*此作品的通信作者

研究成果: 雜誌貢獻期刊論文同行評審

41 引文 斯高帕斯(Scopus)

摘要

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.

原文英語
頁(從 - 到)489-503
頁數15
期刊Journal of Business Venturing
26
發行號4
DOIs
出版狀態已發佈 - 2011 7月

ASJC Scopus subject areas

  • 商業與國際管理
  • 技術與創新管理

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