The configuration of corporate venturing logics: An integrated resource dependence and institutional perspective

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• 作者：Marina G. Biniari ; Sharon A. Simmons ; Erik W. Monsen…
• 关键词：Corporate venturing programs鈥?configuration ; Institutional logics ; Resource dependency ; L21 ; L22 ; L26
• 刊名：Small Business Economics
• 出版年：2015
• 出版时间：August 2015
• 年：2015
• 卷：45
• 期：2
• 页码：351-367
• 全文大小：585 KB
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• 作者单位：Marina G. Biniari (1)
  Sharon A. Simmons (2)
  Erik W. Monsen (3)
  M. I. Pizarro Moreno (4)
  
  1. Department of Industrial Engineering and Management, School of Science, Aalto University, P.O. Box 15500, 00076, Espoo, Finland
  2. Department of Marketing and Management Sciences, Cotsakos College of Business, William Paterson University, 1600 Valley Road, Wayne, NJ, 07474, USA
  3. School of Business Administration, University of Vermont, 320 Kalkin Hall, 55 Colchester Ave, Burlington, VT, 05405, USA
  4. Department of Business Administration, Universidad Pablo de Olavide, Carretera de Utrera Km. 1, 41013, Seville, Spain
  
• 刊物类别：Business and Economics
• 刊物主题：Economics
  Management
  Microeconomics
  Entrepreneurship
  Industrial Organization
  
• 出版者：Springer Netherlands
• ISSN：1573-0913

文摘

In this paper, we use an integrated resource dependence and institutional perspective to examine how parent companies and their corporate venturing (CV) programs negotiate and construct their venturing logic. Building on prior CV configuration research, we develop a theoretically grounded typology consisting of eight CV logics. Our typology holistically integrates aspects of institutional duality and competing logics with the influence of mutual resource dependencies and power imbalances arising from the three-way interplay between the parent company, the CV program, and the external environment. In particular, our typology captures the effects of the relative resource munificence of the external environment on the bilateral dependence between the parent company and the CV program, and on the emergence of either existing distinct venturing logics or unique hybrid logics. These eight venturing logics provide guidance with respect to the optimal configurations of CV programs, both in times of economic crisis and in times of economic plenty. We conclude by discussing implications for the CV and broader corporate entrepreneurship literatures.