This article reviews the academic literature on corporate venture capital (CVC), that is,
minority equity investments by established corporations in privately held entrepreneurial …

This study elaborates upon the motives for initiating equity‐based collaborations vs.
acquisition of another firm already having a desired technology. We characterize both …

This paper develops an approach to organizational governance decisions that recognizes
how the choice of organizational governance form affects both the creation and …

Investments in dispersed foreign subsidiaries and international joint ventures (IJVs) are
often thought to enhance corporate flexibility and thereby reduce risk. The authors tested …

We examine factors influencing the decision to acquire additional equity in partner firms in
research‐intensive industries. This decision involves choosing between flexibility and …

This study examines the effect of uncertainty on governance mode choice of interfirm
relationships in new business development (NBD). We combine transaction cost economics …

abstract Recent scholarship suggests that combining insights from real option theory with
transaction cost economics may improve decision‐making models. In response to this …

Early work in strategic management emphasized single case studies, followed by research
on corporate diversification strategy, firm heterogeneity, strategic groups, and generic …

This paper develops a model for assessing options in joint ventures. The model is used
specifically to examine the option to acquire or divest a joint venture, both in the case where …

This paper employs a simple stochastic model to investigate how transaction cost and
strategic option considerations interact to influence a firm's evaluation of collaborative …