Publication in Entrepreneurship Theory and Practice on Corporate Venture Capital
Junior Professorship Entrepreneurship and Digitalization:
Together with researchers from WWU Münster, JProf. Dr. Simon Hensellek investigated in the study "Beneficial, Harmful, or Both? Effects of Corporate Venture Capital and Alliance Activity on Product Recalls," Hensellek examined the effect of corporate venture capital and strategic alliances on product recalls by U.S. companies.
Based on the Resource Based View (RBV) and Learning Theory, the research team examined the effect of corporate venture capital and strategic alliances of firms on product recalls. In doing so, based on a panel data set of 75 S&P 500 companies, the team found that corporate venture capital and strategic alliances have an inverted U-shaped relationship with the likelihood of a product recall. These relationships additionally depend on the level of current market turbulence.
The study sheds new light on the research of opportunities and risks of corporate venturing. In addition, the study contributes significantly to Resource Based View and Learning Theory by illustrating why some companies benefit from corporate venturing and it negatively impacts others.
Entrepreneurship Theory and Practice Journal (ETP) is one of the leading international entrepreneurship journals: Clarivate Impact Factor 2021: 9.993; Australian Business Deans Council: A*; Scimago Journal Ranking: Q1; VHB JOURQUAL3: A.
Citation:
Bendig, D., Hensellek, S., & Schulte, J. (2023). Beneficial, Harmful, or Both? Effects of Corporate Venture Capital and Alliance Activity on Product Recalls. Entrepreneurship Theory and Practice. doi. org/10.1177/10422587221141682