Research Seminar, Francesco DI LORENZO
December 6, 2016 - 12:15
Guest Speaker: Francesco DI LORENZO (Copenhagen Business School)
Taping into the Knowledge of Incumbents: The Role of Capital Investments and Inventor Mobility
Venue: SKEMA Business School, Sophia-Antipolis Campus - room 347
This paper attempts to understand the joint effect of inventors’ mobility and corporateventure capital (CVC) investments on the extent to which start-ups use the knowledge resources of their investor as input for their innovation activities. Using a sample ofsemiconductor ventures between 1990 and 2003, our results suggest that ventures receiving CVC investments exhibit greater knowledge utilization from that specific investor. However,when a CVC investment is combined with inventor mobility from the same corporateinvestor to the venture, we observe a lower extent to which those ventures utilize theirinvestor’s knowledge resources as input when generating innovation.