How Prior Corporate Venture Capital Investments Shape Technological Alliances: A Real Options Approach
研究了两家公司之间的先前企业风险投资关系如何影响它们后续结成战略联盟的可能性，并分析了这种影响最可能发生的条件。
This article investigates how prior corporate venture capital (CVC) relationships between two firms affect the likelihood of their subsequently entering a strategic alliance. Creating a portfolio of CVC investments provides the investing firm with a set of opportunities that can be pursued once the technological and market uncertainty have been reduced. If the technology appears to be promising, a follow–on investment, such as a strategic alliance, is made to ensure the transfer of the technological knowledge. This article shows that prior CVC investments can play a role in the formation of strategic alliances and investigates the conditions under which they are most likely to do so.