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Early efforts to develop absorptive capacity and their performance implications: differences among corporate and independent ventures

机译:早期开发吸收能力的努力及其对绩效的影响:公司与独立企业之间的差异

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This paper examines the performance implications of efforts in absorptive capacity development for new ventures, companies in their eight first years of existence. We distinguish between corporate ventures (CVs) and ventures created by independent entrepreneurs (IVs) and explore the extent to which they vary in: (1) the emphasis on building different absorptive capacity dimensions and (2) their performance gains from absorptive capacity dimensions. Using data from 140 new ventures, our results show that CVs emphasize potential absorptive capacity (combining external knowledge acquisition and assimilation) more than IVs. Conversely, IVs focus more on exploiting external knowledge. We also find that efforts in activating realized absorptive capacity (combining external knowledge transformation and exploitation) have a negative effect on the performance of new ventures that is stronger for CVs than IVs. Yet, this negative effect of realized absorptive capacity on new venture performance is mitigated when combined with efforts in potential absorptive capacity in the case of CVs. The implications of our study for research into the multidimensional nature of absorptive capacity and the dynamic capabilities approach are discussed.
机译:本文研究了在新企业成立后的头八年中,吸收能力开发方面的努力对绩效的影响。我们将公司风险投资(CV)与由独立企业家(IV)创建的风险进行区分,并探讨它们在以下方面的差异:(1)强调建立不同的吸收能力维度,以及(2)它们从吸收能力维度获得的绩效提升。使用来自140家新企业的数据,我们的结果表明,简历比IV更加强调潜在的吸收能力(结合外部知识获取和同化)。相反,IV则更侧重于利用外部知识。我们还发现,激活已实现的吸收能力的努力(结合外部知识的转化和开发)会对新企业的业绩产生负面影响,对于CV而言,这种风险要比IV风险更大。但是,如果结合使用CV的潜在吸收能力的努力,则已实现的吸收能力对新企业绩效的负面影响将得到缓解。讨论了我们的研究对于吸收能力的多维性质和动态能力方法的研究意义。

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