Which Iron Cage? Endo- and exoisomorphism in Corporate Venture Capital Programs
Journal
Academy of Management Journal
ISSN
0001-4273
Type
journal article
Date Issued
2012-09
Author(s)
Abstract (De)
Through an inductive study of six corporate venture capital programs, we unravel how new organizational units resolve competing forces from two different institutional environments. The data suggest that the organizational structure of units that enter a new environment depends on whether they “focus their isomorphism” internally toward the parent (“endoisomorphism”) or externally toward the industry (“exoisomorphism”). The focus of isomorphism depends on whom the units seek legitimacy with and on the professionalization of their top management teams. We discuss implications of the findings for institutional theory, corporate venture capital, and corporate venturing more generally.
Language
English
HSG Classification
contribution to scientific community
HSG Profile Area
Global Center for Entrepreneurship + Innovation
Refereed
Yes
Publisher
Academy of Management
Volume
55
Number
2
Start page
477
End page
505
Official URL
Subject(s)
Eprints ID
255331