%0 Journal Article
%J Journal of Business Venturing
%D 2010
%T The influence of R&D investment on the use of corporate venture capital: An industry-level analysis
%A Sahaym,A.
%A Steensma,K.
%A Barden,Jeffrey
%K Strategy & Entrepreneurship
%X 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.
%B Journal of Business Venturing
%V 25
%P 376-388
%8 2010
%G eng
%N 4
%2 a
%4 83757111296
%$ 83757111296