CORPORATE INNOVATION AND THE INTERPLAY OF CORPORATE VENTURE CAPITAL AND INTERNAL R&D
Relationships between corporate venture capital (CVC) and internal research and development (R&D) have generated much debate in the CVC literature. Some researchers see them as substitutive while others expect them to be complementary. Using agency as a theoretical lens this study addresses the controversy and develops new insights into the nature of the CVC-R&D interplay in the context of corporate innovation. By considering both economic and behavioral components of the interplay the framework developed here explains the contradictory findings reported by the earlier literature.
Anokhin, Sergey and Schulze, William
"CORPORATE INNOVATION AND THE INTERPLAY OF CORPORATE VENTURE CAPITAL AND INTERNAL R&D,"
Frontiers of Entrepreneurship Research: Vol. 26
, Article 5.
Available at: https://digitalknowledge.babson.edu/fer/vol26/iss4/5