Aspirations, innovation, and corporate venture capital: A behavioral perspective

• Main Authors: GABA, Vibha, BHATTACHARYA, Shantanu
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2012
• Subjects: corporate venture capital; performance feedback; innovation performance; external R&D; termination; Corporate Finance; Entrepreneurial and Small Business Operations; Finance and Financial Management; Technology and Innovation
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/5093; https://ink.library.smu.edu.sg/context/lkcsb_research/article/6092/viewcontent/Gaba_et_al_2012_Strategic_Entrepreneurship_Journal__1_.pdf
• Institution: Singapore Management University

This study takes an organizational decision-making perspective to examine when firms are likely to utilize CVC units as a mechanism for externalizing R&D. We draw insights from the behavioral theory of the firm to argue that managerial aspirations for innovation-related goals are an important dr...