Firm Resources and Corporate Venturing Investment

Chiu, Yi-Han; Liaw, Yi‐Ching; Tseng, Wei-Kuo

doi:10.1002/cjas.200

Cited by 7 publications

(3 citation statements)

References 83 publications

(196 reference statements)

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“…Knowledge‐based resources allow corporate ventures to develop a reputation within their industry, provide access to external opportunities, and help them build social capital (e.g., Riyanto and Schwienbacher, ). Information flowing from the social networks further enhances the corporate venture's own human capital and minimizes information asymmetries, which are representative of the venture's peer organizations (Chiu et al, ). Essentially, both human capital and social capital are indispensible resources for corporate ventures, as is their active management in a corporate venture environment.…”

Section: Theory Developmentmentioning

confidence: 99%

The Dark Side of Leadership: Towards a Mid‐Range Theory of Hubris and Greed in Entrepreneurial Contexts

Haynes

Hitt

Campbell

2015

J Management Studies

149

113

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Much of the research on entrepreneurial behaviour and leadership has emphasized their importance and potentially valuable outcomes, along with the challenges involved in each. Although entrepreneurial activities are essential in all types of organizations, this research focuses on the potential dark side of strategic leaders. Specifically, we examine the potential for and the outcomes of the display of greed and hubris in different entrepreneurial contexts. We present a theoretical model of moderated mediation, focused on the effects of greedy and hubristic behaviour by entrepreneurial leaders on the firm's human and social capital, and consequently venture success. However, the negative relationship manifests differently in the presence of certain firm-level characteristics. We examine the implications of the dark side of entrepreneurial leadership and recommend several avenues for future research. In so doing, this work contributes to the development of a mid-range theory of the dark side of entrepreneurial leadership.

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Section: Theory Developmentmentioning

confidence: 99%

The Dark Side of Leadership: Towards a Mid‐Range Theory of Hubris and Greed in Entrepreneurial Contexts

Haynes

Hitt

Campbell

2015

J Management Studies

149

113

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“…We employ financial slack, over‐investment, and underinvestment as mediating variables. Financial slack is measured by current ratio according to the method adopted by Chiu et al (2012). Over‐investment and underinvestment are measured according to Richardson (2006) who considered investment expenditures beyond maintaining the firm's existing production capacity and asset condition as over‐investment.…”

Section: Methodsmentioning

confidence: 99%

Impacts of top management team fault‐line on firm's innovation—Financial slack over‐investment and underinvestment

Song

Yan

2022

Manage Decis Econ

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This paper aims to how the top management team (TMT) fault‐line affects firm's innovation based on the data of Chinese listed companies from 2009 to 2018. We describe innovation from two dimensions (quantity and quality) in order to better demonstrating of firm's innovation. The empirical results find that the intensity of TMT fault‐line has significant positive impacts on both quantity and quality. Then, we propose three potential mechanisms that include financial slack, over‐investment, and underinvestment and further discuss and explore them. It is found that the intensity of TMT fault‐line promotes the quantity and of innovation through decreasing financial slack, however, cannot affect the quality of innovation. There is a significant negative relationship between TMT fault‐line and over‐investment that enterprise should reduce over‐investment to trigger both quantity and quality. Finally, the results show that TMT fault‐line could alleviate underinvestment and then improve firm's innovation both on quantity and quality. This paper also has verified the robustness of estimation according to instrumental variable method, alternative variables, and adjusting time windows.

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“…The effect of venturing investment on innovation performance is significant (Gils, 2012). The firms would increase the venturing investment to innovate for growth so as to meet the historical and social aspiration, so the long-term investment over the firm's total asset is used as input of venturing investment (Chiu, Chiu, Liaw, &Lee, 2010). So the second hypothesis is as below.…”

Section: Innovation and Firm's Performancementioning

confidence: 99%

The Interaction Effect of CSR and Innovation on Firm’s Performance

Huang

Lii

2020

Proceeding of Japan International Business and Management Research Conference

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Our CSR (corporate social responsibility) activities and innovation initiatives complementary? From a resource-based perspective, managers would develop CSR and Innovation's business strategy to create heterogeneity and build sustainable competitive advantage. Based on instrumental theories, CSR is a means for firms to accomplish economic output; therefore, CSR may lead or utilize Innovation for this purpose. As CSR is getting more attention, and Innovation is important for a firm's growth, to find the interaction effect of CSR and Innovation is getting more important. However, to our limited knowledge, there are fewer studies and discussions about the topic. Thus, the research would develop a new analysis model to study the topic. Regarding the methodology, four questions are designed to be answered, and two categories of the dataset are collected. These questions are: (1) Does CSR have an impact on firms' performance? (2) Does long-term investment have an impact on the firm's performance? (3) Does R&D have an impact on a firm's performance? (4) How does the interaction of CSR and Innovation investment impact on firm's performance? The datasets include finical data and ESG (Environmental, Social, and Governance) ratings of firms. We would start the research from a typical industry in a country and look forward to a future extension to multiple industries across countries. We select Taiwan's electronics industry due to its important role in the global market, its leading position in Innovation, and its great efforts on CSR. So far, the research is still in progress. We would share the results, finding, and conclusion of the preliminary analysis. I look forward to your valuable comments for us to improve the analysis model and to find opportunities for further studies in other industries or other countries.

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Firm Resources and Corporate Venturing Investment

Cited by 7 publications

References 83 publications

The Dark Side of Leadership: Towards a Mid‐Range Theory of Hubris and Greed in Entrepreneurial Contexts

The Dark Side of Leadership: Towards a Mid‐Range Theory of Hubris and Greed in Entrepreneurial Contexts

Impacts of top management team fault‐line on firm's innovation—Financial slack over‐investment and underinvestment

The Interaction Effect of CSR and Innovation on Firm’s Performance

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