Venturing into new territory: Career experiences of corporate venture capital managers and practice variation

Academy of Management Journal

Volumn 55, Issue 3, 2012, Pages 563-583

  Dokko, Gina ^a   Gaba, Vibha ^b  

^a UNIVERSITY OF CALIFORNIA   (United States)

^b INSEAD   (Singapore)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 84862237484     PISSN: 00014273     EISSN: None     Source Type: Journal    
DOI: 10.5465/amj.2009.0909     Document Type: Article

References (84)

1. Abernathy, W. J., & Utterback, J. M. 1978. Patterns of industrial innovation. Technology Review, 80(7): 40-47.
2. Abrahamson, E., & Rosenkopf, L. 1997. Social network effects on the extent of innovation diffusion: A computer simulation. Organization Science, 8: 289-309.
3. Almeida, P., Dokko, G., & Rosenkopf, L. 2003. Startup size and the mechanisms of external learning: Increasing opportunity and decreasing ability? Research Policy, 32: 301-315.
4. Ansari, S. M., Fiss, P. C., & Zajac, E. J. 2010. Made to fit: How practices vary as they diffuse. Academy of Management Review, 35: 67-92.
5. Arellano, M. 2003. Panel data econometrics. Oxford, U.K. & New York: Oxford University Press.
6. Arellano, M., & Bond, S. 1991. Some tests of specification for panel data: Monte-Carlo evidence and an application to employment equations. Review of Economic Studies, 58: 277-297.
7. Argote, L. 1999. Organizational learning: Creating, retaining, and transferring knowledge. Boston: Kluwer Academic.
8. Arthur, M. B., & Rousseau, D. M. 1996. The boundaryless career: A new employment principle for a new organizational era. New York: Oxford University Press.
9. Audia, P. G., & Greve, H. R. 2006. Less likely to fail: Low performance, firm size, and factory expansion in the shipbuilding industry. Management Science, 52: 83-94.
10. Beckman, C. M., & Burton, M. D. 2008. Founding the future: Path dependence in the evolution of top management teams from founding to IPO. Organization Science, 19, 3-24.
11. Beckman, C. M., Burton, M. D., & O'Reilly, C. 2007. Early teams: The impact of team demography on VC financing and going public. Journal of Business Venturing, 22: 147-173. (Pubitemid 44890909)
12. Benson, D., & Ziedonis, R. H. 2010. Corporate venture capital and the returns to acquiring portfolio companies. Journal of Financial Economics, 98: 478-499.
13. Bidwell, M., & Briscoe, F. 2010. The dynamics of interorganizational careers. Organization Science, 21: 1034-1053.
14. Birkinshaw, J., Hamel, G., & Mol, M. J. 2008. Management innovation. Academy of Management Review, 33: 825-845.
15. Boeker, W. 1997. Executive migration and strategic change: The effect of top manager movement on product-market entry. Administrative Science Quarterly, 42: 213-236.
16. Boh, W. F., Slaughter, S. A., & Espinosa, J. A. 2007. Learning from experience in software development: A multilevel analysis. Management Science, 53: 1315-1331. (Pubitemid 351159607)
17. Bond, S. 2002. Dynamic panel data models: A guide to micro data methods and practice. Portugese Economic Journal, 1: 141-162.
18. Boxenbaum, E., & Battilana, J. 2005. Importation as innovation: Transposing managerial practices across fields. Strategic Organization, 3: 355-383.
19. Boxenbaum, E., & Jonsson, S. 2008. Isomorphism, diffusion and decoupling. In K. Sahlin-Andersson, R. Greenwood, C. Oliver, & R. Suddaby (Eds.), The Sage handbook of organizational institutionalism: 218-242. Los Angeles & London: Sage.
20. Bromiley, P. 1991. Testing a causal model of corporate risk-taking and performance. Academy of Management Journal, 34: 37-59.
21. Burton, M. D., Sorensen, J. B., & Beckman, C. 2002. Coming from good stock: Career histories and new venture formation. In M. Lounsbury & M. Ventresca (Eds.), Research in the sociology of organizations: Social structure and organizations revisited, vol. 19. Greenwich, CT: JAI Press.
22. Campbell, J. L. 2005. Where do we stand? Common mechanisms in organizations and social movements research. In G. F. Davis, D. McAdam, W. R. Scott, & M. Zald (Eds.), Social movements and organization theory. New York: Cambridge University Press.
23. Carlile, P. R. 2004. Transferring, translating, and transforming: An integrative framework for managing knowledge across boundaries. Organization Science, 15: 555-568. (Pubitemid 39453864)
24. Chesbrough, H. 2003. Open innovation: The new imperative for creating and profiting from technology. Boston: Harvard Business School Press.
25. Coburn, C. E. 2004. Beyond decoupling: Rethinking the relationship between the institutional environment and the classroom. Sociology of Education, 77: 211-244. (Pubitemid 39051378)
26. Czarniawska-Joerges, B., & Sevón, G. 2005. Global ideas: How ideas, objects and practices travel in a global economy. Malmó; & Herndon, VA: Liber; Copenhagen Business School Press.
27. Dacin, M. T., Goodstein, J., & Scott, W. R. 2002. Institutional theory and institutional change: Introduction to the special research forum. Academy of Management Journal, 45: 45-56.
28. Davis, G. F., & Greve, H. R. 1997. Corporate elite networks and governance changes in the 1980s. American Journal of Sociology, 103: 1-37.
29. Dewar, R. D., & Dutton, J. E. 1986. The adoption of radical and incremental innovations - An empirical-analysis. Management Science, 32: 1422-1433.
30. Dokko, G., Wilk, S. L., & Rothbard, N. P. 2009. Unpacking prior experience: How career history affects job performance. Organization Science, 20: 51-68.
31. Dushnitsky, G., & Lenox, M. J. 2005. When do firms undertake R&D by investing in new ventures? Strategic Management Journal, 26: 947-965. (Pubitemid 41337833)
32. Dushnitsky, G., & Lenox, M. J. 2006. When do incumbents learn from entrepreneurial ventures? Corporate venture capital and investing firm innovation rates. Research Policy, 34: 615-639. (Pubitemid 40819705)
33. Dushnitsky, G., & Shapira, Z. 2010. Entrepreneurial finance meets organizational reality: Comparing investment practices and performance of corporate and independent venture capitalists. Strategic Management Journal, 31: 990-1017.
34. Dushnitsky, G., & Shaver, J.M. 2009. Limitationstointeror- ganizational knowledge acquisition: The paradox of corporate venture capital. Strategic Management Journal, 30: 1045-1064.
35. Ernst & Young. 2008. Global corporate venture capital survey, 2008-09.
36. Ferlie, E., Fitzgerald, L., Wood, M., & Hawkins, C. 2005. The nonspread of innovations: The mediating role of professionals. Academy of Management Journal, 48: 117-134. (Pubitemid 40366669)
37. Fiss, P. C., & Zajac, E. J. 2004. The diffusion of ideas over contested terrain: The (non)adoption of a shareholder value orientation among German firms. Administrative Science Quarterly, 49: 501-534. (Pubitemid 40687951)
38. Gaba, V., & Meyer, A. D. 2008. Crossing the organizational species barrier: How venture capital practices infiltrated the information technology sector. Academy of Management Journal, 51: 976-998.
39. Geletkanycz, M. A., & Hambrick, D. C. 1997. The external ties of top executives: Implications for strategic choice and performance. Administrative Science Quarterly, 42: 654-681.
40. Gioia, D. A., & Poole, P. P. 1984. Scripts in organizational behavior. Academy of Management Review, 9: 449-549.
41. Gompers, P. A. 1995. Optimal investment, monitoring, and the staging of venture capital. Journal of Finance, 50: 1461-1489.
42. Gompers, P. A., & Lerner, J. 2004. The venture capital cycle (2nd ed.). Cambridge, MA: MIT Press.
43. Greene, W. H. 2000. Econometric analysis (4th ed.). Upper Saddle River, NJ: Prentice Hall.
44. Groysberg, B., Lee, L.-E., & Nanda, A. 2008. Can they take it with them? The portability of star knowledge workers' performance. Management Science, 54: 1213-1230.
45. Hansen, L. P. 1982. Large sample properties of generalized-method of moments estimators. Econometrica, 50: 1029-1054.
46. Higgins, M. C., & Gulati, R. 2006. Stacking the deck: The effects of top management backgrounds on investor decisions. Strategic Management Journal, 27: 1-25. (Pubitemid 43011603)
47. Holtz-Eakin, D., Newey, W., & Rosen, H. S. 1988. Estimating vector autoregressions with panel data. Econometrica, 56: 1371-1395.
48. Huckman, R. S., & Pisano, G. P. 2006. The firm specificity of individual performance: Evidence from cardiac surgery. Management Science, 52: 473-488.
49. Jonsson, S. 2009. Refraining from imitation: Professional resistance and limited diffusion in a financial market. Organization Science, 20: 172-186.
50. Kennedy, M. T., & Fiss, P. C. 2009. Institutionalization, framing, and diffusion: The logic of TQM adoption and implementation decisions among U.S. hospitals. Academy of Management Journal, 52: 897-918.
51. Kraatz, M. S., & Moore, J. H. 2002. Executive migration and institutional change. Academy of Management Journal, 45: 120-143.
52. Lant, T. K., Milliken, F. J., & Batra, B. 1992. The role of managerial learning and interpretation in strategic persistence and reorientation - An empirical exploration. Strategic Management Journal, 13: 585-608.
53. Levinthal, D., & March, J. G. 1981. A model of adaptive organizational search. Journal of Economic Behavior & Organization, 2: 307-333.
54. Lounsbury, M. 2001. Institutional sources of practice variation: Staffing college and university recycling programs. Administrative Science Quarterly, 46: 29-56.
55. Lounsbury, M. 2007. A tale of two cities: Competing logics and practice variation in the professionalizing of mutual funds. Academy of Management Journal, 50: 289-307.
56. Lounsbury, M. 2008. Institutional rationality and practice variation: New directions in the institutional analysis of practice. Accounting, Organizations and Society, 33: 349-361.
57. Macmillan, I., Roberts, E., Livada, V., & Wang, A. 2008. Corporate venture captial [CVC]: Seeking innovation and strategic growth. NIST GCR 08-916, National Institute of Standards and Technology, U.S. Department of Commerce.
58. March, J. G., & Shapira, Z. 1987. Managerial perspectives on risk and risk-taking. Management Science, 33: 1404-1418.
59. March, J. G., & Simon, H. A. 1958. Organizations. New York: Wiley.
60. Metrick, A., & Yasuda, A. 2010. Venture capital and the finance of innovation (2nd ed.). Hoboken, NJ: Wiley.
61. Meyer, A. D., & Goes, J. B. 1988. Organizational assimilation of innovations: A multilevel contextual analysis. Academy of Management Journal, 31: 897-923.
62. Miner, A. S., & Mezias, S. J. 1996. Ugly duckling no more: Pasts and futures of organizational learning research. Organization Science, 7: 88-99.
63. Morris, T., & Lancaster, Z. 2006. Translating management ideas. Organization Studies, 27: 207-233. (Pubitemid 43260346)
64. Nigam, A., & Ocasio, W. 2010. Event attention, environmental sensemaking, and change in institutional logics: An inductive analysis of the effects of public attention to Clinton's health care reform initiative. Organization Science, 21: 823-841.
65. Palmer, D. A., Jennings, P. D., & Zhou, X. G. 1993. Late adoption of the multidivisional form by large United States corporations - Institutional, political, and economic accounts. Administrative Science Quarterly, 38: 100-131.
66. Rao, H., & Drazin, R. 2002. Overcoming resource constraints by recruiting talent from rivals: A study of recruitment and product innovation in the mutual fund industry 1986-1994. Academy of Management Journal, 45: 491-507.
67. Sahlin, K., & Wedlin, L. 2008. Circulating ideas: Imitation, translation and editing. In K. Sahlin-Andersson, R. Greenwood, C. Oliver & R. Suddaby (Eds.), The Sage handbook of organizational institutionalism: 218-242. Los Angeles & London: Sage.
68. Sahlin-Andersson, K. 1996. The construction of organizational fields. In B. Czarniawska & G. Sevon (Eds.), Translating organizational change: 69-92. Berlin & NY: Walter de Gruyter.
69. Shane, S., & Khurana, R. 2003. Bringing individuals back in: The effects of career experience on new firm founding. Industrial and Corporate Change, 12: 519-543. (Pubitemid 36965113)
70. Simon, H. A. 1976. Administrative behavior: A study of decision-makingprocesses in a dministrative organization (3rd ed.). New York: Free Press.
71. Singh, J., & Agrawal, A. 2011. Recruiting for ideas: How firms exploit the prior inventions of new hires. Management Science, 57: 129-150.
72. Song, J., Almeida, P., & Wu, G. 2003. Learning-by-hiring: When is mobility more likely to facilitate interfirm knowledge transfer? Management Science, 49: 351-365.
73. Sorensen, J. B., & Stuart, T. E. 2000. Aging, obsolescence, and organizational innovation. Administrative Science Quarterly, 45: 81-112.
74. Sorenson, O., & Stuart, T. E. 2001. Syndication networks and the spatial distribution of venture capital investments. American Journal of Sociology, 106: 1546-1588.
75. Strang, D., & Jung, D. I. 2009. Participatory improvement at a global bank: The diffusion of quality teams and the demise of a six sigma initiative. Organization Studies, 30: 31-53.
76. Strang, D., & Meyer, J. W. 1993. Institutional conditions for diffusion. Theory and Society, 22: 487-511.
77. Strang, D., & Soule, S. A. 1998. Diffusion in organizations and social movements: From hybrid corn to poison pills. In J. Hagan & K. Cook (Eds.), Annual review of sociology, vol. 24: 265-290. Palo Alto, CA: Annual Reviews.
78. Van Maanen, J., & Schein, E. H. 1979. Toward a theory of organizational socialization. In L. L. Cummings & B. M. Staw (Eds.), Research in organizational behavior, vol. 1: 209-264. Greenwich, CT: JAI.
79. Venture Economics 2001. http://ventureeconomics.com/.
80. Wezel, F. C., Cattani, G., & Pennings, J. M. 2006. Competitive implications of interfirm mobility. Organization Science, 17: 691-709. (Pubitemid 44905929)
81. Windmeijer, F. 2005. A finite sample correction for the variance of linear efficient two-step GMM estimators. Journal of Econometrics, 126: 25-51.
82. Wooldridge, J. 2002. Econometric analysis of cross section and panel data. Cambridge, MA: MIT Press.
83. Wrzesniewski, A., & Dutton, J. E. 2001. Crafting a job: Revisioning employees as active grafters of their work. Academy of Management Review, 26: 179-201.
84. Zbaracki, M. J. 1998. The rhetoric and reality of total quality management. Administrative Science Quarterly, 43: 602-636.