International Journal of Research Studies in Management
CollabWritive Special Issue
2024 Volume 12 Issue 15
Available Online: 25 October 2024
Author/s:
Yang, Ruizhi
Graduate School, Lyceum of the Philippines University – Batangas, Philippines
Abstract:
This study investigates the interplay between corporate venture capital (CVC), value creation, and information technology (IT) to develop a dynamic capability framework. By examining these elements, the research aims to understand how firms can effectively leverage CVC investments to foster innovation and adaptability in response to dynamic market conditions. A quantitative research design was employed, involving a survey administered to 400 employees of IT companies. Data analysis utilized descriptive statistics and correlation analysis. Findings revealed a moderate agreement among respondents regarding the positive impact of CVC on value creation, including enhanced enterprise value, accelerated growth, and increased market competitiveness. Additionally, the adoption of IT was generally perceived as useful, easy to use, and influenced by social factors. A highly significant relationship was found among CVC, value creation, and IT adoption. Based on these findings, a dynamic capability framework for IT companies was developed. This framework highlights the importance of strategic CVC investments, effective IT adoption, and the cultivation of organizational capabilities to foster innovation and adaptability. The study’s findings have implications for IT companies seeking to enhance their competitive advantage through strategic investments and leverage the power of technology. The findings of this study can provide valuable insights for IT companies, investors, and policymakers. By understanding the interplay between CVC, value creation, and IT, organizations can make informed decisions about their investment strategies, technology adoption, and organizational development. The developed dynamic capability framework can serve as a guide for firms seeking to build the necessary capabilities to thrive in a rapidly changing technological landscape.
Keywords: corporate venture capital, value creation, information technology, dynamic capability framework
DOI: https://doi.org/10.5861/ijrsm.2024.1301
Cite this article:
Yang, R. (2024). Corporate venture capital, value creation and information technology: Basis for dynamic capability framework. International Journal of Research Studies in Management, 12(15), 43-53. https://doi.org/10.5861/ijrsm.2024.1301