Firm Network Position and Corporate Venture Capital Investment. (6th August 2013)

• Record Type: Journal Article
• Authors: Noyes, Erik; Brush, Candy; Hatten, Ken; Smith‐Doerr, Laurel; Karatas‐Ozkan, Mine; Anderson, Alistair R.; Fayolle, Alain; Howells, Jeremy; Condor, Roland
• Is Part Of: Journal of small business management. Volume 52:Number 4(2014:Oct.)
• Page Start: 713
• Page End: 731
• Publication Date: 2013-08-06
• Subjects: Small business -- Management -- Periodicals; 658.022
• DOI: 10.1111/jsbm.12051
• Languages: English
• ISSNs: 0047-2778

Abstract

<abstract abstract-type="main"> <title> <x xml:space="preserve">Abstract</x> </title> <p>This study investigates why some firms have been more likely to make corporate venture capital investments than others. We anchor this study within a social networks perspective and prior network research that shows that information about business practices diffuses unevenly through interlocking boards, thereby influencing the corporate adoption of novel business practices. Using annual data on interlocking boards and corporate venture capital investments for S&amp;P500 companies for the years 1996–2006, we show that a firm's corporate venture capital investment behavior can be predicted by its cumulative access to information about corporate venture capital practices gained through interlocking boards.</p> </abstract>