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Better in Pairs? Interactions between Alliances and Corporate Venture Capital on New-Venture Internationalization

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Document pages: 15 pages

Abstract: Drawing on insights from the resource-based view and institutional theory, we examine how alliances with large industry partners, functional-type alliances, CVC and interactions between these different types of partnerships influence foreign market entry. Results show that legitimacy attained through allying with large industry partners is more related to foreign market entry than are the specialized knowledge resources provided by functional alliances. Moreover, CVC does not appear to be related to internationalization. We thus extend research on the identification of resources relating to and the effect of different types of partnerships on new-venture internationalization, and we provide insights for entrepreneurs considering foreign market entry.

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