Improving Corporate Venture Investment through Strategic Inter-Firms Knowledge Transfer: An Empirical Evaluation of Service Firms in Nigeria

Sunday Alewo Omale; Marcus Garvey Orji; Thomas Oladele; Kizito Babatunde Olaniyi

doi:doi:10.11648/j.jim.20170601.17

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Improving Corporate Venture Investment through Strategic Inter-Firms Knowledge Transfer: An Empirical Evaluation of Service Firms in Nigeria

Sunday Alewo Omale, Marcus Garvey Orji, Thomas Oladele, Kizito Babatunde Olaniyi

Published in Journal of Investment and Management (Volume 6, Issue 1)

Received: 18 December 2016 Accepted: 17 January 2017 Published: 4 March 2017

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Abstract

This study examines corporate venture investment performance through strategic inter-firms knowledge transfer: An Empirical Evaluation of Service Firms in Nigeria. Inter-firm knowledge transfer has reward over traditional markets because firm-specific technological capabilities frequently are based on implied knowledge and are subject to considerable doubt regarding their uniqueness and performance. Inter-firm knowledge transfer enables one firm to gain access to key knowledge based capabilities of another without necessarily acquiring that capability. Two research objectives, research questions and hypotheses were formulated respectively in carrying out this inquiry. Data relevant to the study were reviewed using secondary method of data collection while the chief instrument for analytical data collection was questionnaire, which was designed for selected management employees. A sample of 216 employees of service firms in Nigerian pharmaceutical, banking, electrical and general service firms was used to test the framework. The data was analyzed using students ‘t’ distribution test method. The result of the study showed that strategic inter-firms knowledge transfer impact positively on corporate venture performance. It enables one firm to gain access to key knowledge based capabilities of another without necessarily acquiring that capability. When we examine corporate venture investment through strategic inter-firms knowledge transfer one will certainly conclude that, the primary objective of conducting knowledge transfer activities is to retain and manage various knowledge types that can be used to inform decision making and problem solving. Finally, it was recommended that, Firms should identify the knowledge holders within their organization and motivating them to share their knowledge to enhance it investment and performance.

Published in	Journal of Investment and Management (Volume 6, Issue 1)
DOI	10.11648/j.jim.20170601.17
Page(s)	44-49
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Corporate Venture, Investment, Strategy, Inter-Firm Knowledge Transfer, Service Firms

References

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[6]	Thisday Live Newspaper. (2016,} ‘As Nestle Encounters New Challenges. August 10. Retrieved from: http://www.thisdaylive.com/index.php/2016/08/10/as-nestle-encounters-new-challenges/
[7]	Argote, L. & Ingram, P. (2000). "Knowledge transfer: A Basis for Competitive Advantage in Firms". Organizational Behavior and Human Decision Processes, 82 (1). 150–169.
[8]	Pahnke, E. McDonald, R. Dan Wang, and Benjamin Hallen. (2014) Exposed: Venture capital, competitor ties, and entrepreneurial innovation. Academy of Management Journal
[9]	Helmers, C, Manasa, P, and Raghavendra. R (2013). Do board interlocks increase innovation? evidence from natural experiments in india. Working Paper, 2013.
[10]	Roberta D and Nina Y. (2015) Venture Capital and Knowledge Transfer Toulouse School of Economics Tulane University
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[13]	Simonin, B. L. (1999). “Ambiguity and the process of knowledge transfer in strategic alliances”. Strategic Management Journal, Vol. 20 (7), 595-623.
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[15]	Omale, S. A. (2015). Impact assessment of Inter-organizational Trust on Virtual Organizations Performance in Nigerian Service Firms. Cscanadian Journal of Business & Management, 12 (1), 6-19.
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[18]	Cummings, J. L. & Teng, B. S. (2003). “Transferring R&D knowledge: the key factors affecting Knowledge transfer success”, Journal of Engineering & Technology Management, Vol. 20, 39-68.

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Sunday Alewo Omale, Marcus Garvey Orji, Thomas Oladele, Kizito Babatunde Olaniyi. (2017). Improving Corporate Venture Investment through Strategic Inter-Firms Knowledge Transfer: An Empirical Evaluation of Service Firms in Nigeria. Journal of Investment and Management, 6(1), 44-49. https://doi.org/10.11648/j.jim.20170601.17

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ACS Style

Sunday Alewo Omale; Marcus Garvey Orji; Thomas Oladele; Kizito Babatunde Olaniyi. Improving Corporate Venture Investment through Strategic Inter-Firms Knowledge Transfer: An Empirical Evaluation of Service Firms in Nigeria. J. Invest. Manag. 2017, 6(1), 44-49. doi: 10.11648/j.jim.20170601.17

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AMA Style

Sunday Alewo Omale, Marcus Garvey Orji, Thomas Oladele, Kizito Babatunde Olaniyi. Improving Corporate Venture Investment through Strategic Inter-Firms Knowledge Transfer: An Empirical Evaluation of Service Firms in Nigeria. J Invest Manag. 2017;6(1):44-49. doi: 10.11648/j.jim.20170601.17

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@article{10.11648/j.jim.20170601.17,
  author = {Sunday Alewo Omale and Marcus Garvey Orji and Thomas Oladele and Kizito Babatunde Olaniyi},
  title = {Improving Corporate Venture Investment through Strategic Inter-Firms Knowledge Transfer: An Empirical Evaluation of Service Firms in Nigeria},
  journal = {Journal of Investment and Management},
  volume = {6},
  number = {1},
  pages = {44-49},
  doi = {10.11648/j.jim.20170601.17},
  url = {https://doi.org/10.11648/j.jim.20170601.17},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jim.20170601.17},
  abstract = {This study examines corporate venture investment performance through strategic inter-firms knowledge transfer: An Empirical Evaluation of Service Firms in Nigeria. Inter-firm knowledge transfer has reward over traditional markets because firm-specific technological capabilities frequently are based on implied knowledge and are subject to considerable doubt regarding their uniqueness and performance. Inter-firm knowledge transfer enables one firm to gain access to key knowledge based capabilities of another without necessarily acquiring that capability. Two research objectives, research questions and hypotheses were formulated respectively in carrying out this inquiry. Data relevant to the study were reviewed using secondary method of data collection while the chief instrument for analytical data collection was questionnaire, which was designed for selected management employees. A sample of 216 employees of service firms in Nigerian pharmaceutical, banking, electrical and general service firms was used to test the framework. The data was analyzed using students ‘t’ distribution test method. The result of the study showed that strategic inter-firms knowledge transfer impact positively on corporate venture performance. It enables one firm to gain access to key knowledge based capabilities of another without necessarily acquiring that capability. When we examine corporate venture investment through strategic inter-firms knowledge transfer one will certainly conclude that, the primary objective of conducting knowledge transfer activities is to retain and manage various knowledge types that can be used to inform decision making and problem solving. Finally, it was recommended that, Firms should identify the knowledge holders within their organization and motivating them to share their knowledge to enhance it investment and performance.},
 year = {2017}
}

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T1  - Improving Corporate Venture Investment through Strategic Inter-Firms Knowledge Transfer: An Empirical Evaluation of Service Firms in Nigeria
AU  - Sunday Alewo Omale
AU  - Marcus Garvey Orji
AU  - Thomas Oladele
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T2  - Journal of Investment and Management
JF  - Journal of Investment and Management
JO  - Journal of Investment and Management
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AB  - This study examines corporate venture investment performance through strategic inter-firms knowledge transfer: An Empirical Evaluation of Service Firms in Nigeria. Inter-firm knowledge transfer has reward over traditional markets because firm-specific technological capabilities frequently are based on implied knowledge and are subject to considerable doubt regarding their uniqueness and performance. Inter-firm knowledge transfer enables one firm to gain access to key knowledge based capabilities of another without necessarily acquiring that capability. Two research objectives, research questions and hypotheses were formulated respectively in carrying out this inquiry. Data relevant to the study were reviewed using secondary method of data collection while the chief instrument for analytical data collection was questionnaire, which was designed for selected management employees. A sample of 216 employees of service firms in Nigerian pharmaceutical, banking, electrical and general service firms was used to test the framework. The data was analyzed using students ‘t’ distribution test method. The result of the study showed that strategic inter-firms knowledge transfer impact positively on corporate venture performance. It enables one firm to gain access to key knowledge based capabilities of another without necessarily acquiring that capability. When we examine corporate venture investment through strategic inter-firms knowledge transfer one will certainly conclude that, the primary objective of conducting knowledge transfer activities is to retain and manage various knowledge types that can be used to inform decision making and problem solving. Finally, it was recommended that, Firms should identify the knowledge holders within their organization and motivating them to share their knowledge to enhance it investment and performance.
VL  - 6
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Author Information

Sunday Alewo Omale

Department of Business Administration, Veritas University, Abuja, Nigeria
Marcus Garvey Orji

Department of Business Administration, Veritas University, Abuja, Nigeria
Thomas Oladele

Department of Business Administration, Veritas University, Abuja, Nigeria
Kizito Babatunde Olaniyi

Department of Entrepreneurial Studies, Veritas University, Abuja, Nigeria

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APA Style

Sunday Alewo Omale, Marcus Garvey Orji, Thomas Oladele, Kizito Babatunde Olaniyi. (2017). Improving Corporate Venture Investment through Strategic Inter-Firms Knowledge Transfer: An Empirical Evaluation of Service Firms in Nigeria. Journal of Investment and Management, 6(1), 44-49. https://doi.org/10.11648/j.jim.20170601.17

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ACS Style

Sunday Alewo Omale; Marcus Garvey Orji; Thomas Oladele; Kizito Babatunde Olaniyi. Improving Corporate Venture Investment through Strategic Inter-Firms Knowledge Transfer: An Empirical Evaluation of Service Firms in Nigeria. J. Invest. Manag. 2017, 6(1), 44-49. doi: 10.11648/j.jim.20170601.17

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AMA Style

Sunday Alewo Omale, Marcus Garvey Orji, Thomas Oladele, Kizito Babatunde Olaniyi. Improving Corporate Venture Investment through Strategic Inter-Firms Knowledge Transfer: An Empirical Evaluation of Service Firms in Nigeria. J Invest Manag. 2017;6(1):44-49. doi: 10.11648/j.jim.20170601.17

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@article{10.11648/j.jim.20170601.17,
  author = {Sunday Alewo Omale and Marcus Garvey Orji and Thomas Oladele and Kizito Babatunde Olaniyi},
  title = {Improving Corporate Venture Investment through Strategic Inter-Firms Knowledge Transfer: An Empirical Evaluation of Service Firms in Nigeria},
  journal = {Journal of Investment and Management},
  volume = {6},
  number = {1},
  pages = {44-49},
  doi = {10.11648/j.jim.20170601.17},
  url = {https://doi.org/10.11648/j.jim.20170601.17},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jim.20170601.17},
  abstract = {This study examines corporate venture investment performance through strategic inter-firms knowledge transfer: An Empirical Evaluation of Service Firms in Nigeria. Inter-firm knowledge transfer has reward over traditional markets because firm-specific technological capabilities frequently are based on implied knowledge and are subject to considerable doubt regarding their uniqueness and performance. Inter-firm knowledge transfer enables one firm to gain access to key knowledge based capabilities of another without necessarily acquiring that capability. Two research objectives, research questions and hypotheses were formulated respectively in carrying out this inquiry. Data relevant to the study were reviewed using secondary method of data collection while the chief instrument for analytical data collection was questionnaire, which was designed for selected management employees. A sample of 216 employees of service firms in Nigerian pharmaceutical, banking, electrical and general service firms was used to test the framework. The data was analyzed using students ‘t’ distribution test method. The result of the study showed that strategic inter-firms knowledge transfer impact positively on corporate venture performance. It enables one firm to gain access to key knowledge based capabilities of another without necessarily acquiring that capability. When we examine corporate venture investment through strategic inter-firms knowledge transfer one will certainly conclude that, the primary objective of conducting knowledge transfer activities is to retain and manage various knowledge types that can be used to inform decision making and problem solving. Finally, it was recommended that, Firms should identify the knowledge holders within their organization and motivating them to share their knowledge to enhance it investment and performance.},
 year = {2017}
}

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TY  - JOUR
T1  - Improving Corporate Venture Investment through Strategic Inter-Firms Knowledge Transfer: An Empirical Evaluation of Service Firms in Nigeria
AU  - Sunday Alewo Omale
AU  - Marcus Garvey Orji
AU  - Thomas Oladele
AU  - Kizito Babatunde Olaniyi
Y1  - 2017/03/04
PY  - 2017
N1  - https://doi.org/10.11648/j.jim.20170601.17
DO  - 10.11648/j.jim.20170601.17
T2  - Journal of Investment and Management
JF  - Journal of Investment and Management
JO  - Journal of Investment and Management
SP  - 44
EP  - 49
PB  - Science Publishing Group
SN  - 2328-7721
UR  - https://doi.org/10.11648/j.jim.20170601.17
AB  - This study examines corporate venture investment performance through strategic inter-firms knowledge transfer: An Empirical Evaluation of Service Firms in Nigeria. Inter-firm knowledge transfer has reward over traditional markets because firm-specific technological capabilities frequently are based on implied knowledge and are subject to considerable doubt regarding their uniqueness and performance. Inter-firm knowledge transfer enables one firm to gain access to key knowledge based capabilities of another without necessarily acquiring that capability. Two research objectives, research questions and hypotheses were formulated respectively in carrying out this inquiry. Data relevant to the study were reviewed using secondary method of data collection while the chief instrument for analytical data collection was questionnaire, which was designed for selected management employees. A sample of 216 employees of service firms in Nigerian pharmaceutical, banking, electrical and general service firms was used to test the framework. The data was analyzed using students ‘t’ distribution test method. The result of the study showed that strategic inter-firms knowledge transfer impact positively on corporate venture performance. It enables one firm to gain access to key knowledge based capabilities of another without necessarily acquiring that capability. When we examine corporate venture investment through strategic inter-firms knowledge transfer one will certainly conclude that, the primary objective of conducting knowledge transfer activities is to retain and manage various knowledge types that can be used to inform decision making and problem solving. Finally, it was recommended that, Firms should identify the knowledge holders within their organization and motivating them to share their knowledge to enhance it investment and performance.
VL  - 6
IS  - 1
ER  -

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