Internal Corporate Venture Operations Independence and Performance: A Knowledge-Based Perspective
Abstract
Internal corporate ventures (ICVs) are entrepreneurial initiatives originated within a company and intended from inception as new businesses for the parent. The literature suggests that parent-ICV structural separation positively affects ICV performance. However, the literature also suggests that ICVs can be nurtured within the parent's existing organizational structure. Our model explores ICV operations independence as a knowledge flow impediment affecting ICV performance. Primary data from 145 ICVs suggest that operations independence is not associated with ICV performance, but that parent-venture market familiarity, venture opportunity identification mode, and venture planning autonomy moderate the relationship between operations independence and ICV performance.
Publication Title
Entrepreneurship: Theory and Practice
Recommended Citation
Garrett, R., & Covin, J. (2015). Internal Corporate Venture Operations Independence and Performance: A Knowledge-Based Perspective. Entrepreneurship: Theory and Practice, 39 (4), 763-790. https://doi.org/10.1111/etap.12059
