When do incumbents learn from entrepreneurial ventures?: Corporate venture capital and investing firm innovation rates

By Gary Dushnitsky, Michael J. Lenox. 2005

621 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Management of Technology and Innovation

View Paper: https://www.semanticscholar.org/paper/2802d4d9d52b1282bc1be558d24d778eae7db782

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Citations in the corpus

External technology sourcing: The effect of uncertainty on governance mode choice (2007, positive): “Dushnitsky and Lenox (2005a) furthermore found a positive relationship between CVC investments and future patent citation levels.”
Duration Analysis of Venture Capital Staging: A Real Options Perspective (2008, positive): “Venture capital has had an increasingly important impact on corporate innovation, job creation and economic growth ( Dushnitsky and Lenox, 2005; Global Insight, 2007; Kortum and Lerner, 2000).”
Knowledge Creation Through External Venturing: Evidence from the Telecommunications Equipment Manufacturing Industry (2006, background): “Dushnitsky and Lenox (2005) did”
Entrepreneurial Finance Meets Organizational Reality: Comparing Investment Practices and Performance of Corporate and Independent Venture Capitalists (2010, methodology): “…variables include Strategic CVC, an indicator of program’s objectives (Gompers and Lerner, 1998), and a set of firm and industry factors that stimulate strategic CVC investment (Dushnitsky and Lenox, 2005b).14 In 12 The 1st stage estimates the likelihood that a CVC employs high incentives.”
Corporate Venture Capital, Value Creation, and Innovation (2014, neutral): “See, e.g., Dushnitsky and Lenox (2005), Dushnitsky and Lenox (2006), and Benson and Ziedonis (2010).”
Does governmental venture capital spur invention and innovation? Evidence from young European biotech companies (2015, positive): “Other commonly used values are 20% (Ahuja and Katila, 2001; Henderson and Cockburn, 1996) and 30% (Blundell et al., 1995; Dushnitsky and Lenox, 2005). innovation.”
Governmental venture capital in Europe: Screening and certification (2016, background): “It is in the interest of GVC firms to select 1 This problem is particularly relevant in the context of corporate VC (Dushnitsky and Lenox 2005; Katila et al. 2008). recipients that can generate high investment returns in the future.”
A Review and Road Map of Entrepreneurial Equity Financing Research: Venture Capital, Corporate Venture Capital, Angel Investment, Crowdfunding, and Accelerators (2017, background): “Dushnitsky and Lenox (2005a) view CVC investment as part of a firm’s optimal innovation strategy in which firms weigh the marginal innovative output of CVC activity against that of internal R&D.”
How Do Social Defenses Work? A Resource-Dependence Lens on Technology Ventures, Venture Capital Investors, and Corporate Relationships (2014, background): “We propose that, although these traditionally studied “formal” defenses (Dushnitsky & Lenox, 2005a; Katila et al., 2008; Teece, 1986) may be the most salient, social defenses are likely to become especially valuable when these other defenses are weak or unavailable.”