Knowledge Creation through Corporate Venturing

Investment in technology-based new ventures to enhance knowledge creation has gained recent attention of academia and practioners. However, there presents at least two defects among the limited empirical studies. First, the endogeneity of the corporate venturing decisions is ignored. Namely, a firm’s choice of search domains or investment targets is constrained by the cognitive and behavioral factors. Second, most research ignore the potential interactions between new ventures within a corporate venturing portfolio. This study tries to overcome these two defects by providing empirical examinations addressing how a firm’s technological diversity influence the diversity and exploration of the chosen technology-based new ventures and how the exploratory and exploitative start-ups within a corporate venturing portfolio interact in determining its knowledge creation.

Project ID:PF9807-2425
External Project ID:NSC98-2410-H003-148