Research interested in antecedents

Research interested in antecedents to CVC activity has thus far not emphasized the role of governance factors. The findingthat governance factors influence CVC activity is important, because this result supports considering governance factors in CVC organization. This finding has potentially broad interest because CVC is an increasingly popular context in which many companies operate. The present research offers an initial view of how governance factors influence CVC activity and suggests important areas for further research. These areas include ways in which CVC activity and board governance influence each other. Furthermore, the lack of support to CEO tenure as an important factor affecting a corporation's CVC strategies calls for further attention. Nevertheless, the findings suggest that scholars should pay greater attention to this area of research.