Time: 14:00-17:00, 12 May 2025
Speaker: H. Dennis Park is an Associate Professor at the Naveen Jindal School of Management, The University of Texas at Dallas. His research examines how external resource acquisition strategies of technology-based entrepreneurial firms affect their development and performance. His work has been published in Journal of Business Venturing, Journal of Management Studies, Journal of Management, Journal of Product Innovation Management, Organization Science, Research Policy, Strategic Entrepreneurship Journal, and Strategic Management Journal. He currently serves on the editorial boards of Journal of Business Venturing and Strategic Entrepreneurship Journal.
Abstract:
Although start-ups are important sources of invention, their limited resources require them to focus on commercializing a small number of promising technologies. This study examines how corporate venture capitalists (CVCs) affect the likelihood that start-ups sell patents. It finds that start-ups backed by CVCs are less likely to sell patents than those backed by independent venture capitalists (IVCs). The mechanism is further validated by considering the complementary assets provided by corporate investors, the competitive relationship with start-ups, and characteristics of patents, investors, and start-ups. The findings offer a new perspective on the key role of corporate investors' resources and preferences in start-ups' intellectual property management and participation in technology markets.
