1,720,985 research outputs found
LEVERAGING CROWDSOURCING COMMUNITY TO INCREASE THE CHANCES OF WINNING CONTESTS: A SIGNALLING THEORY APPROACH
No full textCORPORATE VENTURE CAPITAL AND THE PROBABILITY TO ACQUIRE THE BACKED START-UP: A REAL OPTION PERSPECTIVE
No full textTo sustain their competitive positions, an increasing number of corporates access new knowledge and technologies from emerging start-ups by engaging in Corporate Venture Capital (CVC) investments. CVC investments provide corporates the option to in-source start-ups’ knowledge and technologies through follow-on acquisitions. However acquiring a backed start-up is not always a guarantee of success. Then, corporates should consider which are the most appropriate conditions under which it is beneficial to acquire a CVC backed start-up. Utilizing the theoretical lens of Real Option, we examine the conditions under which a CVC investment may evolve into an acquisition of the backed start-up. We propose that CVC characteristics that mitigate both endogenous and exogenous uncertainties positively affect the corporate’s decision to acquire a backed start-up. In addition, we suggest the presence of other co-investing corporates also impacts the relationship between the CVC characteristics and the corporate’s propensity for a follow-on acquisition. The results indicate that higher technological proximity between the corporate and the backed start-up and advanced stage of CVC investment positively affect the corporate’s decision to acquire a backed start-up, whereas the number of CVC rounds reduces the likelihood of follow-on acquisition. Our empirical findings offer contributions to the CVC literature and they have important implications for managers engaging in CVC activities as a technology sourcing strategy
THE MODERN LANDSCAPE OF EXTERNAL CORPORATE VENTURING: AN EXPLORATIVE STUDY ON THE CHOICE AMONG NEW AND TRADITIONAL CORPORATE VENTURING MODES
No full textCVC AND INNOVATION PERFORMANCE: THE EFFECT OF TECHNOLOGICAL DISTANCE WITH STARTUPS AND COINVESTORS
No full textFirms are increasingly opening their boundaries by engaging in corporate venture capital (CVC) programs as potential gateway into knowledge and technologies of innovative startups. By investing in promising startups across diverse industries with different technological knowledge from the knowledge base of the investing corporate, CVC programs constitute a vehicle for corporates to both exploit and explore innovation opportunities. We first examine the relationship between more explorative CVC investments portfolio and the innovation performance of the corporate. Then, we argue that when syndicating the CVC investments with a co-investor, the portfolio of syndication partners may affect the aforementioned curvilinear relationship. Drawing on a panel data set of 494 US corporates operating in a variety of industries that have engaged in CVC programs co-investing with other corporates from 1995 to 2014, we find an inverted U-shaped relationship between the CVC technological distance and corporate’s innovation performance, however, our results suggest that this relationship is not moderated by the CVC syndication portfolio. Our results have important implications for corporate venture capital in particular, and innovation strategy in general
La sharing mobility è un approccio alla mobilità sostenibile dal punto di vista dell’impatto ambientale? Alcune considerazioni basate su un’analisi empirica
No full textL'influenza della sharing mobility sulla sostenibilità ambientale non è stata ancora pienamente compresa. Da un lato la sharing mobility consente ai consumatori di assumere comportamenti che portano ad una riduzione delle emissioni di CO2 grazie, per esempio, alla minore produzione di automobili (riduzione dell’acquisto di auto) e alla riduzione dei chilometri percorsi dalle auto (condivisione della corsa e maggiore tasso di occupanti per veicolo). D'altra parte, l'implementazione della sharing mobility porta ad effettuare un numero maggiore di viaggi in automobile. Infatti, un certo numero di chilometri che vengono percorsi oggi dalle auto condivise, erano percorsi prima con mezzi di trasporto più rispettosi dell'ambiente (es. trasporti pubblici, passeggiate, ecc.) o non erano percorsi affatto. Pertanto, la sharing mobility attiva nuovi e diversi comportamenti da parte dei consumatori rendendo l’analisi globale del fenomeno complessa e sfidante da analizzare in una prospettiva di riduzione dell'impatto ambientale. Inoltre, la sharing mobility è composta da diversi modelli e i le ricadute di ciascun modello sull'impatto ambientale devono essere ancora pienamente analizzate. L’obiettivo del presente studio è quello di descrivere e analizzare in modo approfondito le ricerche che hanno già studiato gli effetti della sull'ambiente. In letteratura ci sono solo pochi lavori sistematici che studiano l'impatto della sharing mobility su questioni ambientali. Inoltre, lo studio riporta i risultati di una survey, che è stata realizzata in diverse città europee, per capire se la può
essere effettivamente etichettata come un approccio alla mobilità ecologica.The Influence of sharing mobility on environmental sustainability it is still to be fully understood. Sharing mobility enables
consumer behaviours leading to CO2 emission reduction such us, less cars manufacturing (as a reduction in car ownership is
expected) and reduction of kilometres travelled by cars (ride sharing and higher occupants rate of vehicles). On the other hand,
sharing mobility implementation could activate an higher number of new trips by car. In fact a certain numbers of kilometres now
covered by shared cars, were before travelled using more environmentally friendly modes of transportation (public transportation,
walking, etc.), or they would not have been travelled at all. Thus, sharing mobility activates new and different consumer
behaviours making the overall sharing mobility phenomenon challenging to be analysed under the environmental impact reduction
perspectives. Moreover, sharing mobility is made of different models, and the benefits/repercussions of each model on
environmental impact are still to be fully analysed. Only a few number of systematic studies concerning the impact of sharing
mobility on environmental related issues have been already developed. The way to get a comprehensive and clear picture is still
long. The aim of the paper is to describe and analyse the already developed researches in the domain of repercussions/benefits of
sharing mobility on the environment. Also, it describes the results of a survey implemented in different European cities. The
survey means to understand if sharing mobility, at present, can be actually labelled as an green travelling approach
THE EFFECT OF ASSUMING DIFFERENT POSITIONS IN THE CROWDSOURCING COMMUNITY NETWORK ON SOLVERS’ SUCCESS
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Corporate Venture Capital follow-on investments: the role of co-investors
No full textCVC investments allow corporates the option to internalize startups’ knowledge and technologies through follow-on investments. Since acquiring a backed startup is not always a guarantee of success, corporates should consider which are the most appropriate conditions under which it is beneficial to acquire the startup. Under the theoretical lens of Real Option theory, we examine the conditions under which a CVC investment may evolve into different kind of CVC follow-on investments. We suggest that the CVC characteristics that mitigate both endogenous and exogenous uncertainties positively affect the corporate’s decision to acquire a backed startup. In addition, we argue that the presence of other co-investing corporates also impacts the relationship between the CVC characteristics and the corporate’s propensity for a follow-on acquisition. The results indicate that higher technological proximity between the corporate and the backed startup and advanced stage of CVC investment positively affect the corporate’s decision to acquire a backed startup, whereas the number of CVC rounds reduces the likelihood of follow-on acquisition. Our findings offer contributions to the CVC literature and they have important implications for managers engaging in CVC activities as a technology sourcing strategy
Industry 4.0 transition: a systematic literature review combining the absorptive capacity theory and the data–information–knowledge hierarchy
No full textPurpose – The effect of the transition toward digital technologies on today’s businesses (i.e. Industry 4.0 transition) is becoming increasingly relevant, and the number of studies that have examined this phenomenon has grown rapidly. However, systematizing the existing findings is still a challenge, from both a theoretical and a managerial point of view. In such a setting, the knowledge management (KM) discipline can provide guidance to address such a gap. Indeed, the implementation of fundamental digital technologies is reshaping how firms manage knowledge. Thus, this study aims to critically review the existing literature on Industry 4.0 from a KM perspective.
Design/methodology/approach – First, the authors defined a structuring framework to highlight the role of Industry 4.0 transition along with absorptive capacity (ACAP) processes (acquisition, assimilation, transformation and exploitation), while specifying what is being managed, that is data, information and/or (actual) knowledge, according to the data-information-knowledge (DIK) hierarchy. The authors then followed the systematic literature review methodology, which involves the use of explicit criteria to select publications to review and outline the stages a process has to follow to provide a transparent and replicable review and to analyze the existing literature according to the theoretical framework. This procedure yielded a final list of 150 papers.
Findings – By providing a clear picture of what scholars have studied so far on Industry 4.0 transition, in terms of KM, this literature review highlights that among all the studied digital technologies, the big data analytics technology is the one that has been explored the most in each phase of the ACAP process. A constructive body of research has also emerged in recent years around the role played by the internet of things, especially to explain the acquisition of data. On the other hand, some digital technologies, such as cyber security and smart manufacturing, have largely remained unaddressed. An explanation of the role of these technologies has been provided, from a KM perspective, together with the business implications. Originality/value – This study is one of the first attempts to revise the literature on Industry 4.0 transition from a KM perspective, and it proposes a novel framework to read existing studies and on which to base new ones. Furthermore, the synthesis makes two main contributions. First, it provides a clear picture of the different digital technologies that support the four ACAP phases in relation to the DIK hierarchy. Accordingly, these results can emphasize what the literature has looked at so far, as well as which digital technologies have gained the most attention and their impacts in terms of KM. Second, the synthesis provides prescriptive considerations on the development of future research avenues, according to the proposed research framework
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