The Effect of Governance Modes and Relatedness of External Business Development Activities on Innovative Performance

Thomas Keil, Markku Maula, Henri Schildt, Shaker A. Zahra

Research output: Contribution to journalArticleAcademicpeer-review

145 Citations (Scopus)
51 Downloads (Pure)

Abstract

This study examines how different governance modes for external business development activities and venture relatedness affect a firm's innovative performance. Building on research suggesting that interorganizational relationships enhance the innovative performance of firms, we propose that governance modes and venture relatedness interact in their effect on innovative performance. Analyzing a panel of the largest firms in four information and communication technology sectors, we find that degree of relatedness for corporate venture capital investments, alliances, joint ventures, and acquisitions influences their impact on innovative performance.
Original languageEnglish
Pages (from-to)895-907
Number of pages13
JournalStrategic management journal
Volume29
Issue number8
Publication statusPublished - 2008
Externally publishedYes

Keywords

  • Corporate venturing
  • Business development
  • Acquisition
  • Alliance
  • Corporate venture capital
  • Innovation
  • Patents

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