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Risky information exchange: how network position can cause difficulties for corporate innovation
Luleå tekniska universitet, Institutionen för ekonomi, teknik och samhälle, Innovation och Design.ORCID-id: 0000-0001-6921-1779
2009 (Engelska)Ingår i: Proceedings of the Twenty-ninth Annual Entrepreneurship Research Conference, 2009Konferensbidrag, Publicerat paper (Refereegranskat)
Abstract [en]

To enhance innovation effectiveness, many incumbent corporations make equity investments in young technological startups. Four out of five corporate investors syndicate at least some of their investments with other incumbents. While syndication practices may be beneficial to incumbent corporations, in this study we elaborate on the notion of information exchange paradox to demonstrate that syndication may be detrimental to corporate innovation. Using a unique data set of investment decisions of 163 corporations over four years, we show that for some corporations the losses of participating in syndicate networks may outweigh the gains. In particular, we demonstrate that syndication network centrality negatively moderates the ability of a corporation to benefit from its investments. We also show that the effect is particularly strong in highly concentrated industries but is virtually non-existent in industries with low concentration. This supports a contingency view of syndication and implies that benefiting from equity investments in startups is a non-trivial task for managers of incumbent corporations.

Ort, förlag, år, upplaga, sidor
2009.
Serie
Frontiers of Entrepreneurship Research, ISSN 0740-7416 ; 29
Nationell ämneskategori
Övrig annan teknik
Forskningsämne
Entreprenörskap och innovation
Identifikatorer
URN: urn:nbn:se:ltu:diva-38976Lokalt ID: d8b7798e-6988-4eb8-98eb-316dc864ef55OAI: oai:DiVA.org:ltu-38976DiVA, id: diva2:1012484
Konferens
Babson College Entrepreneurship Research Conference : 03/06/2009 - 06/06/2009
Projekt
Fastelaboratoriet - VINNEXC
Anmärkning
Godkänd; 2009; 20110831 (ysko)Tillgänglig från: 2016-10-03 Skapad: 2016-10-03 Senast uppdaterad: 2017-11-25Bibliografiskt granskad

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http://fusionmx.babson.edu/entrep/fer/2009FER/chapter_19/paper_xix_1.html

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Anokhin, SergeyÖrtqvist, DanielThorgren, SaraWincent, Joakim

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Totalt: 78 träffar
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