Details
| Original language | English |
|---|---|
| Pages (from-to) | 11-35 |
| Number of pages | 25 |
| Journal | Journal of Engineering and Technology Management - JET-M |
| Volume | 24 |
| Issue number | 1-2 |
| Early online date | 7 Mar 2007 |
| Publication status | Published - 2007 |
| Externally published | Yes |
Abstract
The authors begin with an elaboration of a new theoretical concept: "relational fit", which consists of social capital and knowledge relatedness. They continue with an empirical analysis of the influence that "relational fit" between German corporate venture capital units (CVCs) and their innovative portfolio companies (PCs) has on knowledge transfer and knowledge creation in the CVC-PC dyad and subsequently on the PC's organizational performance. PC success is found to have dual significance for the corporation: high returns for the CVC unit and strategic potential for radical innovation. Integrating two hitherto neglected aspects of social capital - "conative fit" and "affective fit" - into their framework of "relational fit" the authors extend social capital theory. By combining the latter with the knowledge-based view of the firm they thereby demonstrate the interrelatedness and combined importance of the two concepts. Hence, "relational fit," proves to facilitate knowledge transfer and creation, which enhance organizational performance.
Keywords
- Corporate venture capital (CVC), Knowledge, Performance, Radical innovation, Relational fit, Social capital
ASJC Scopus subject areas
- Business, Management and Accounting(all)
- Industrial relations
- Engineering(all)
- General Engineering
- Business, Management and Accounting(all)
- Strategy and Management
- Decision Sciences(all)
- Management Science and Operations Research
- Decision Sciences(all)
- Information Systems and Management
Sustainable Development Goals
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In: Journal of Engineering and Technology Management - JET-M, Vol. 24, No. 1-2, 2007, p. 11-35.
Research output: Contribution to journal › Article › Research › peer review
}
TY - JOUR
T1 - Corporate venture capital as a means of radical innovation
T2 - Relational fit, social capital, and knowledge transfer
AU - Weber, Barbara
AU - Weber, Christiana
PY - 2007
Y1 - 2007
N2 - The authors begin with an elaboration of a new theoretical concept: "relational fit", which consists of social capital and knowledge relatedness. They continue with an empirical analysis of the influence that "relational fit" between German corporate venture capital units (CVCs) and their innovative portfolio companies (PCs) has on knowledge transfer and knowledge creation in the CVC-PC dyad and subsequently on the PC's organizational performance. PC success is found to have dual significance for the corporation: high returns for the CVC unit and strategic potential for radical innovation. Integrating two hitherto neglected aspects of social capital - "conative fit" and "affective fit" - into their framework of "relational fit" the authors extend social capital theory. By combining the latter with the knowledge-based view of the firm they thereby demonstrate the interrelatedness and combined importance of the two concepts. Hence, "relational fit," proves to facilitate knowledge transfer and creation, which enhance organizational performance.
AB - The authors begin with an elaboration of a new theoretical concept: "relational fit", which consists of social capital and knowledge relatedness. They continue with an empirical analysis of the influence that "relational fit" between German corporate venture capital units (CVCs) and their innovative portfolio companies (PCs) has on knowledge transfer and knowledge creation in the CVC-PC dyad and subsequently on the PC's organizational performance. PC success is found to have dual significance for the corporation: high returns for the CVC unit and strategic potential for radical innovation. Integrating two hitherto neglected aspects of social capital - "conative fit" and "affective fit" - into their framework of "relational fit" the authors extend social capital theory. By combining the latter with the knowledge-based view of the firm they thereby demonstrate the interrelatedness and combined importance of the two concepts. Hence, "relational fit," proves to facilitate knowledge transfer and creation, which enhance organizational performance.
KW - Corporate venture capital (CVC)
KW - Knowledge
KW - Performance
KW - Radical innovation
KW - Relational fit
KW - Social capital
UR - http://www.scopus.com/inward/record.url?scp=34147184778&partnerID=8YFLogxK
U2 - 10.1016/j.jengtecman.2007.01.002
DO - 10.1016/j.jengtecman.2007.01.002
M3 - Article
AN - SCOPUS:34147184778
VL - 24
SP - 11
EP - 35
JO - Journal of Engineering and Technology Management - JET-M
JF - Journal of Engineering and Technology Management - JET-M
SN - 0923-4748
IS - 1-2
ER -