Cross-border venture capital has become increasingly common in recent years. Little is known, however, about the antecedents of venture capitalists' commitment to portfolio firms in international settings. We used a multiple case study to build a grounded model of interorganizational commitment...

Policy makers have become increasingly concerned at the lack of risk capital available to new and early-stage entrepreneurial ventures. As a public response to a perceived market failure, several governments have set up programs to channel equity finance to capital constrained but high...

Despite of the significant role of informal venture capital in the financing of new entrepreneurial ventures, there is little research explaining the factors determining the propensity of individuals to make microangel investments. Building on two theoretical frameworks, a social psychological...

Past research has largely treated inter-organizational social capital as an exogenously determined asset. In this paper, the authors build and test a model on the effects of the initial conditions for the creation and leveraging of social capital in corporate venture capital - portfolio firm...

This study examines the antecedents of explorative and exploitative learning of technological knowledge from external corporate ventures. We compare different forms of external corporate venturing, namely corporate venture capital investments, alliances, joint ventures, and acquisitions, as...

The literature suggests that established firms need to balance their exploration and exploitation activities in order to achieve superior performance. Yet, previous empirical research has modeled this balance as the interaction of orthogonal activities. In this paper, we show that there is a...

This study examines how different governance modes for external business development activities and venture relatedness affect a firm's innovative performance. Building on studies which have suggested that interorganizational relationships enhance the innovative performance of firms, we propose...