Arbeitspapier
The contribution of corporate ventures to radical innovation
Established firms often face significant obstacles to innovation. As a solution, it has been suggested to form corporate ventures. Based on a sample of corporate and independent ventures in German manufacturing, we show that corporate ventures are more innovative than the control group, i.e. the independent ventures. In particular, corporate ventures are more successful at developing radical innovations. This effect, however, decreases with the ventures' degree of ownership concentration. We conclude that corporate ventures with a high ownership concentration are more likely to be controlled and monitored by their corporate sponsors, resulting in less favorable conditions for radical innovation.
- Language
-
Englisch
- Bibliographic citation
-
Series: ZEW Discussion Papers ; No. 10-060
- Classification
-
Wirtschaft
Entrepreneurship
New Firms; Startups
Innovation and Invention: Processes and Incentives
Management of Technological Innovation and R&D
- Subject
-
corporate entrepreneurship
start-ups
radical innovation
Unternehmensgründung
Betriebsaufspaltung
Innovation
Risikokapital
Deutschland
- Event
-
Geistige Schöpfung
- (who)
-
Czarnitzki, Dirk
Dick, Johannes M. H.
Hussinger, Katrin
- Event
-
Veröffentlichung
- (who)
-
Zentrum für Europäische Wirtschaftsforschung (ZEW)
- (where)
-
Mannheim
- (when)
-
2010
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Czarnitzki, Dirk
- Dick, Johannes M. H.
- Hussinger, Katrin
- Zentrum für Europäische Wirtschaftsforschung (ZEW)
Time of origin
- 2010
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