The governance and performance of Xerox's technology spin-off companies

Research Policy

Volumn 32, Issue 3, 2003, Pages 403-421

  Chesbrough, Henry ^a  

^a HARVARD BUSINESS SCHOOL   (United States)

Author keywords

Complementary assets; Governance; Technology spin offs

Indexed keywords

EID: 84867937024     PISSN: 00487333     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0048-7333(02)00017-3     Document Type: Article

References (45)

1. G. Akerlof The market for lemons: qualitative uncertainty and the market mechanism Q. J. Econ. 84 1970 488 500
2. Amram, M.; Kulatilaka, N.; 1999. Real Options: Managing Strategic Investment in an Uncertain World. Harvard Business School Press, Boston, MA.
3. Barney, J.; Busenitz, L.; Fiet, O.; Moesel, D.; 1989. The Structure of venture capital governance: an organizational economic analysis of relations between venture capital firms and new ventures. Academy of Management Proceedings, 64-68.
4. A. Bhide Bootstrap finance: the art of startups Harv. Business Rev. 70 6 1992 109 118
5. Block, Z.; Macmillan, I.; 1993. Corporate Venturing: Creating New Businesses Within the Firm. Harvard Business School Press, Boston, MA.
6. Bower, J.; 1970. Managing the Resource Allocation Process. Division of Research, Harvard Business School Press, Boston, MA.
7. J. Bruderl, and P. Preisendorfer Fast-growing businesses Int. J. Sociol. 30 2000 45 70
8. R. Burgelman Corporate entrepreneurship and strategic management: insights from a process study Manag. Sci. 29 12 1983 1349 1364
9. R. Burgelman A process model of internal corporate venturing in a diversified major firm Adm. Sci. Q. 28 1983 223 244
10. Chesbrough, H.W.; 2002. Graceful Exits and Foregone Opportunities: Xerox's Management of Its Technology Spin-off Companies, Business History Rev.; in press.
11. H.W. Chesbrough Designing corporate ventures in the shadow of private venture capital California Manag. Rev. 42/3 2000 31 49
12. H.W. Chesbrough The differing organizational impact of technological change: a comparative theory of national institutional factors Ind. Corporate Change 8 3 1999 447 485
13. Chesbrough, H.; Rosenbloom, R.; 2002. The role of the business Model in capturing value innovation: evidence from xerox corporation's technology spin-off companies. Ind. Corporate Change, in press.
14. Chesbrough, H.; Teece, D.; 1996. When is virtual virtuous: organizing for innovation. Harvard Business Rev. 65-74.
15. Christensen, C.; 1997. The Innovator's Dilemma. Harvard Business School Press, Boston, MA.
16. D. Dalton, and I. Kesner Organizational performance as an antecedent of inside/outside chief executive succession: an empirical assessment Acad. Manag. J. 28 1985 749 762
17. K. Eisenhardt, and J. Martin Dynamic capabilities: what are they? Strategic Manag. J. 21 10/11 2000 1105 1122
18. D. Garvin Spin-offs and the new firm formation process California Manag. Rev. 25/2 1983 3 20
19. G. Gavetti, and D. Levinthal Looking forward and looking backward: cognitive and experimential search Adm. Sci. Q. 45 2000 113 137
20. R. Gertner, D. Scharfstein, and J. Stein Internal versus external capital markets Q. J. Econ. 109 1994 1211 1230
21. Gompers, P.; Lerner, J.; 1998. The Determinants of Corporate Venture Capital Success: Organization Structure, Incentives and Complementarities. Harvard Business School Press, Boston, MA, pp. 99-009, unpublished results.
22. Hellman, T.; 1996. A Theory of Corporate Venture Investing. Graduate School of Business, Stanford University, unpublihed results.
23. A. Jaffe, M. Trajtenberg, and R. Henderson Geographic localization of knowledge spillovers as evidenced by patent citations Q. J. Econ. 108 3 1993 577 598
24. M. Jensen The modern industrial revolution, exit and the failure of internal control systems J. Finance 48/3 1993 831 880
25. O. Lamont Cash flow and investment: evidence from internal capital markets J. Finance 52/1 1997 83 109
26. C. Lee, K. Lee, and J. Pennings Internal capabilities, external networks and start-ups' performance Strategic Manag. J. 22 2001 615 640
27. J. Lerner Venture capitalists and the oversight of private firms J. Finance 50 1 1995 301 318
28. I. Macmillan, D. Kulow, and R. Khoylian Venture capitalists' involvement in their investments: extent and performance J. Business Venturing 4 1989 27 47
29. Maula, M.; Murray, G.; 2000. Corporate Venture Capital and the Exercise of Options to Acquire. Paper presented to the Academic of Management, Toronto, Canada.
30. Pisano, G.; 1997. R&D Performance, Collaborative Arrangements and the Market-for-Know-How: A Test of the Lemons Hypothesis in Biotechnology. Harvard Business School Working Paper No. 97105.
31. E. Roberts New ventures for corporate growth Harvard Business Rev. 58 1980 134 142
32. Sahlman, W.; 1990. The structure and governance of venture capital organizations. J. Financial Econ. 26, 473-524.
33. H.J. Sapienza When do venture capitalists add value? J. Business Venturing 7 1992 9 27
34. Scharfstein, D.; Stein, J.; 1996. The Dark Side of Internal Capital Markets: Divisional Rent-Seeking and Inefficient Investment. MIT Press, Cambridge, MA, unpublished results.
35. Shin, H.-H.; Stulz, R.; 1998. Are internal capital markets efficient? Q. J. Economics 531-552.
36. B. Silverman Technological resources and the direction of corporate diversification: toward an integration of the resource-based view and transaction cost economics Manag. Sci. 458 1999 1109 1124
37. M. Sorrentino, and M. Williams Relatedness and corporate venturing: does it really matter? J. Business Venturing 10 1995 59 73
38. J. Stein Internal capital markets and the competition for corporate resources J. Finance 52/1 1997 111 133
39. R. Taggert Allocating capital among a firm's divisions: hurdle rates versus budgets J. Financial Res. 10/3 1987 177 189
40. D.J. Teece Profiting from technological innovation: implications for integration, collaboration, licensing and public policy Res. Policy 15 1986 285 305
41. Trigeorgis, L.; 1996. Real Options: Managerial Flexibility and Strategy in Resource Allocation. MIT Press, Cambridge, MA.
42. Tushman, M.; O'Reilly, C.; 1997. Winning Through Innovation. Harvard Business School Press, Boston, MA.
43. Von Hippel, E.; 1973. An Exploratory Study of Corporate Venturing: New Product Innovation Strategy Used by Some Major Corporations. Carnegie Mellon University, unpublished dissertation.
44. J. Westphal Collaboration in the boardroom: behavioral and performance consequences of CEO-board social ties Acad. Manag. J. 42 1 1999 7 24
45. E. Zajac CEO selection, succession, compensation and firm performance Strategic Manag. J. 11 1990 217 230