東華大學圖書館 |

語系: 繁體中文

說明(常見問題)

回圖書館首頁

手機版館藏查詢

登入

回首頁 到查詢結果 [ null ]

切換: 標籤 | MARC模式 | ISBD

Formal Governance Design for Co-Opet...

Bien, Hsin-Ju.

FindBook

Google Book

Amazon

博客來

Formal Governance Design for Co-Opetiton in the Context of Corporate Venture Capital Investments.

紀錄類型:	書目-電子資源 : Monograph/item
正題名/作者:	Formal Governance Design for Co-Opetiton in the Context of Corporate Venture Capital Investments./
作者:	Bien, Hsin-Ju.
出版者:	Ann Arbor : ProQuest Dissertations & Theses, : 2018,
面頁冊數:	137 p.
附註:	Source: Dissertations Abstracts International, Volume: 84-12, Section: A.
Contained By:	Dissertations Abstracts International84-12A.
標題:	Innovations. -
電子資源:	https://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=30501856
ISBN:	9798379668525

Formal Governance Design for Co-Opetiton in the Context of Corporate Venture Capital Investments.
Bien, Hsin-Ju.

Formal Governance Design for Co-Opetiton in the Context of Corporate Venture Capital Investments. - Ann Arbor : ProQuest Dissertations & Theses, 2018 - 137 p.

Source: Dissertations Abstracts International, Volume: 84-12, Section: A.

Thesis (Ph.D.)--Purdue University, 2018.

Entrepreneurial ventures face a trade-off when receiving corporate venture capital (CVC) financing. They need to give sufficient control rights to motivate and enable corporate investors to provide exclusive resources. However, giving control rights to CVCs whose strategic goals could cause a conflict of interest and lead to opportunism also puts the ventures at risk. This dissertation shows that third-party involvement with the design of passive control rights can be a solution to the trade-off.By examining venture capital financing contracts in high-tech industries, Essay 1 found that veto power, a prevailing passive control right, of the third party can protect the vulnerable side in the cooperation without hurting the other side's incentive to contribute. Moreover, two types of veto rights are identified and found to have diverse responses to conflict-of-interest factors in CVC-entrepreneur relationships. The effects of knowledge overlap, CVC parents' research and development capability, and ventures' technological quality on the liable third party's veto power are studied. With a focus on the function of passive control rights, Essay 2 and Essay 3 maintain that allocating control rights can significantly affect the innovation of both CVC corporate parents and CVC-backed ventures under difference contingencies. In particular, as the aforementioned dilemma increases when CVCs' corporate parents and portfolio firms are competing in product markets, Essay 2 shows that ventures' innovation performance can benefit from granting CVCs strong active control rights in the condition of low product market overlap and from granting CVCs strong passive control rights within a high product market overlap.On the other hand, Essay 3 shows that CVCs' control rights will moderate the inverted U-shaped relationship between knowledge overlap and the innovation performance of the corporate parents such that the positive effect of knowledge overlap on CVC parents' innovation at lower levels of knowledge similarity will be less positive, and the negative effect of knowledge overlap on CVC parents' innovation at higher levels of knowledge similarity will be less negative, for CVCs with greater control power over their portfolio ventures. Moreover, the moderating effect of active control right is stronger than the moderating effect of passive control right under high degree of technological knowledge overlap between a CVC parent and the CVC's portfolio ventures. Meanwhile, the moderating effect of passive control rights is stronger than the moderating effect of active control right under high degree of technological knowledge overlap between a CVC parent and the CVC's portfolio ventures.

ISBN: 9798379668525Subjects--Topical Terms:

754112
Innovations.

Formal Governance Design for Co-Opetiton in the Context of Corporate Venture Capital Investments.
LDR:03737nmm a2200325 4500 001 2400617
005 20240930105245.5
006 m o d
007 cr#unu||||||||
008 251215s2018 ||||||||||||||||| ||eng d
020 $a 9798379668525
035 $a (MiAaPQ)AAI30501856
035 $a (MiAaPQ)Purdue7492301
035 $a AAI30501856
040 $a MiAaPQ $c MiAaPQ
100 1 $a Bien, Hsin-Ju. $3 3770670
245 1 0 $a Formal Governance Design for Co-Opetiton in the Context of Corporate Venture Capital Investments.
260 1 $a Ann Arbor : $b ProQuest Dissertations & Theses, $c 2018
300 $a 137 p.
500 $a Source: Dissertations Abstracts International, Volume: 84-12, Section: A.
500 $a Advisor: Makadok, Richard J.
502 $a Thesis (Ph.D.)--Purdue University, 2018.
520 $a Entrepreneurial ventures face a trade-off when receiving corporate venture capital (CVC) financing. They need to give sufficient control rights to motivate and enable corporate investors to provide exclusive resources. However, giving control rights to CVCs whose strategic goals could cause a conflict of interest and lead to opportunism also puts the ventures at risk. This dissertation shows that third-party involvement with the design of passive control rights can be a solution to the trade-off.By examining venture capital financing contracts in high-tech industries, Essay 1 found that veto power, a prevailing passive control right, of the third party can protect the vulnerable side in the cooperation without hurting the other side's incentive to contribute. Moreover, two types of veto rights are identified and found to have diverse responses to conflict-of-interest factors in CVC-entrepreneur relationships. The effects of knowledge overlap, CVC parents' research and development capability, and ventures' technological quality on the liable third party's veto power are studied. With a focus on the function of passive control rights, Essay 2 and Essay 3 maintain that allocating control rights can significantly affect the innovation of both CVC corporate parents and CVC-backed ventures under difference contingencies. In particular, as the aforementioned dilemma increases when CVCs' corporate parents and portfolio firms are competing in product markets, Essay 2 shows that ventures' innovation performance can benefit from granting CVCs strong active control rights in the condition of low product market overlap and from granting CVCs strong passive control rights within a high product market overlap.On the other hand, Essay 3 shows that CVCs' control rights will moderate the inverted U-shaped relationship between knowledge overlap and the innovation performance of the corporate parents such that the positive effect of knowledge overlap on CVC parents' innovation at lower levels of knowledge similarity will be less positive, and the negative effect of knowledge overlap on CVC parents' innovation at higher levels of knowledge similarity will be less negative, for CVCs with greater control power over their portfolio ventures. Moreover, the moderating effect of active control right is stronger than the moderating effect of passive control right under high degree of technological knowledge overlap between a CVC parent and the CVC's portfolio ventures. Meanwhile, the moderating effect of passive control rights is stronger than the moderating effect of active control right under high degree of technological knowledge overlap between a CVC parent and the CVC's portfolio ventures.
590 $a School code: 0183.
650 4 $a Innovations. $3 754112
650 4 $a Ethics. $3 517264
690 $a 0429
690 $a 0394
710 2 $a Purdue University. $3 1017663
773 0 $t Dissertations Abstracts International $g 84-12A.
790 $a 0183
791 $a Ph.D.
792 $a 2018
793 $a English
856 4 0 $u https://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=30501856