Corporate Venture Capital and Technological Innovation Performance from a Real Option Perspective

@inproceedings{Mingzhe2017CorporateVC,
  title={Corporate Venture Capital and Technological Innovation Performance from a Real Option Perspective},
  author={Qiao Mingzhe and Zhang Yu-li and Zhang Wei-qian and Yu Xingxing},
  year={2017}
}
Compared with new ventures, established firms are difficult to flexibly respond to external environment changes because of their low efficiency in internal innovation activities. With increasing environment uncertainty, the trajectory of technology innovation becomes more and more unpredictable, and corporate venture capital(CVC)has become an important strategic method to incumbents for acquiring innovation resources from new ventures, and rises rapidly in practice. CVC could help incumbents to… CONTINUE READING