Exploring the Antecedents of Social Liabilities in CVC Triads — A Dynamic Social Network Perspective

This study addresses the emergence of social liabilities by taking a social network perspective on a hitherto unexplored intra and interorganizational network configuration: the corporate venture capital (CVC) triad (CVC unit, corporate business unit, and portfolio company). We investigate social capital and social liability resulting from network formation and trans-formation and assess their impact on interorganizational knowledge transfer and creation. Examining 12 CVC triads in Germany, we identify new antecedents of social liability, show that social capital can initially facilitate knowledge transfer and creation, and that structural and personal lock-ins may eventually turn that capital into a liability. We make key theoretical contributions to social networks and CVC literature