CHOOSING COOPERATIVE STRATEGY : EFFECTS OF GOVERNANCE AND DEFENCE IN TECHNOLOGY VENTURES
This paper focuses on technology ventures choice to enter into cooperative arrangement. Considering new ventures capability and willingness to cooperate, we examines the impact of corporate governance and technological defence on the formation of cooperative relations in 410 technology ventures located in thirteen technology business incubators. The findings show that technology ventures are more likely to enter these relationships when they obtain CVC investment, introduce professional executives and set outside directors. And technology ventures may be reluctant to cooperate when their key technology is from internal R&D. Overall, the findings show that corporate governance mechanisms can promote new ventures capability of building cooperative ties. These findings add some new explanations of cooperative relationships formation with an extension to resource dependence theory and social network theory.
Technology ventures Cooperative relation Corporation governance Technology defence
Shude Shi Jian Gao
Department of Innovation and Entrepreneurship, Tsinghua University, Beijing, China,100084 Department of Innovation and Entrepreneurship Tsinghua University, Beijing, China,100084
国际会议
Academy of Innovation and Entrepreneurship 2009(2009创新与创业国际学术会议)
北京
英文
58-63
2009-07-16（万方平台首次上网日期，不代表论文的发表时间）