TY  - JOUR
T1  - The influence of R&D investment on the use of corporate venture capital: An industry-level analysis
JF  - Journal of Business Venturing
Y1  - 2010
A1  - Sahaym,A.
A1  - Steensma,K.
A1  - Barden,Jeffrey
KW  - Strategy & Entrepreneurship
AB  - We consider how internal research and development (R&D) influences the use of corporate venture capital (CVC) and how this relationship varies across industries. We find that, in general, R&D investments increase the number of CVC deals in an industry. We also find that R&D investment has a particularly strong influence on the use of CVC in industries that are growing rapidly and changing technologically. Our analysis provides greater clarity on the relationships involving R&D and CVC in the presence of contingencies by integrating insights of absorptive capacity and real options reasoning.
VL  - 25
CP  - 4
U2  - a
U4  - 83757111296
ID  - 83757111296
ER  -