Knowledge acquisition in innovation networks : venture capital vs. R&D cooperation

Autor: Shiri, Ghasem, Trabelsi, Donia
Přispěvatelé: Télécom SudParis & Institut Mines-Télécom Business School, Médiathèque, Processus d'Innovation, Compétitivité dans l'Agriculture et la Ruralité & Territoires (PICAR-T), Institut Polytechnique LaSalle Beauvais, Département Droit, Economie et Finances (DEFI), Institut Mines-Télécom [Paris] (IMT)-Télécom Ecole de Management (TEM)-Institut Mines-Télécom Business School (IMT-BS), Institut Mines-Télécom [Paris] (IMT), Laboratoire en Innovation, Technologies, Economie et Management (LITEM), Université d'Évry-Val-d'Essonne (UEVE)-Institut Mines-Télécom Business School (IMT-BS)
Jazyk: angličtina
Rok vydání: 2013
Předmět:
Zdroj: Proceedings FMA 2013 : 17th Annual European Conference of the Financial Management Association International
FMA 2013 : 17th Annual European Conference of the Financial Management Association International
FMA 2013 : 17th Annual European Conference of the Financial Management Association International, Jun 2013, Luxembourg, Luxembourg
Popis: International audience; This paper examines the contribution of different partners in innovation networks. We focus our research on two forms of partnership, partnerships with venture capitalists(VCs) and research and development (R&D) cooperation, whose main objectives are to overcome financial constraints and to obtain external knowledge. We distinguish between two types of knowledge: technological and market knowledge. We use a dataset of 140 French firms to examine the contribution of VCs and R&D cooperation in the acquisition of these two types of knowledge. Our main findings suggest that R&D cooperation brings technological knowledge, whereas the presence of a VC in the firm provides knowledge about the market.
Databáze: OpenAIRE