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This study takes an organizational decision-making perspective to examine when firms are likely to utilize CVC units as a mechanism for externalizing R&D. We draw insights from the behavioral theory of the firm to argue that managerial aspirations for innovation-related goals are an important driver of CVC initiatives within firms. We test our argument by examining both the adoption and termination of CVC units for a sample of information technology firms from 1992 to 2003. Results show that a firm is more likely to adopt and less likely to terminate a CVC unit when its innovation performance is closest to its social aspirations. Copyright © 2012 Strategic Management Society.
Call Number | Location | Available |
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SEJ0602 | PSB lt.dasar - Pascasarjana | 1 |
Penerbit | Malden Massachusetts: John Wiley & Sons Inc 2012 |
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Edisi | Vol. 6 No. 2, June 2012 |
Subjek | Innovation performance Performance feedback Corporate Venture Capital termination external R&D |
ISBN/ISSN | 1932-4391 |
Klasifikasi | NONE |
Deskripsi Fisik | 21 p. |
Info Detail Spesifik | Strategic Entrepreneurship Journal |
Other Version/Related | Tidak tersedia versi lain |
Lampiran Berkas | Tidak Ada Data |