Details
| Originalsprache | Englisch |
|---|---|
| Seiten (von - bis) | 62-83 |
| Seitenumfang | 22 |
| Fachzeitschrift | International Journal of Entrepreneurial Venturing |
| Jahrgang | 8 |
| Ausgabenummer | 1 |
| Publikationsstatus | Veröffentlicht - 29 Jan. 2016 |
Abstract
This paper investigates the process of relational rent generation in the context of corporate venture capital investments. Our findings show that creation of relational rent follows a sequential three-phase process with: 1) a determinant phase, defining potential rent generation through the presence of complementary resources and capabilities; 2) a socialisation phase, connecting this fundament to the rent generating 'engine'; and it is supposed to carry; 3) an actual rent generating phase, characterised by the ability to leverage complementarities inherent to the relationship, effective self-enforcement rather than third-party enforcement governance mechanisms, as well as a set-up providing incentives to encourage transparency and discourage free-riding. Moreover, we find the constructs within the phases to be complexly interrelated and identify a feedback loop between the first and the third phases.
ASJC Scopus Sachgebiete
- Betriebswirtschaft, Management und Rechnungswesen (insg.)
- Betriebswirtschaft und Internationales Management
- Betriebswirtschaft, Management und Rechnungswesen (insg.)
- Strategie und Management
- Betriebswirtschaft, Management und Rechnungswesen (insg.)
- Technologie- und Innovationsmanagement
Zitieren
- Standard
- Harvard
- Apa
- Vancouver
- BibTex
- RIS
in: International Journal of Entrepreneurial Venturing, Jahrgang 8, Nr. 1, 29.01.2016, S. 62-83.
Publikation: Beitrag in Fachzeitschrift › Artikel › Forschung › Peer-Review
}
TY - JOUR
T1 - The process of relational rent generation in corporate venture capital investments
AU - Weber, Christiana
AU - Raibulet, Virgil
AU - Bauke, Boris
PY - 2016/1/29
Y1 - 2016/1/29
N2 - This paper investigates the process of relational rent generation in the context of corporate venture capital investments. Our findings show that creation of relational rent follows a sequential three-phase process with: 1) a determinant phase, defining potential rent generation through the presence of complementary resources and capabilities; 2) a socialisation phase, connecting this fundament to the rent generating 'engine'; and it is supposed to carry; 3) an actual rent generating phase, characterised by the ability to leverage complementarities inherent to the relationship, effective self-enforcement rather than third-party enforcement governance mechanisms, as well as a set-up providing incentives to encourage transparency and discourage free-riding. Moreover, we find the constructs within the phases to be complexly interrelated and identify a feedback loop between the first and the third phases.
AB - This paper investigates the process of relational rent generation in the context of corporate venture capital investments. Our findings show that creation of relational rent follows a sequential three-phase process with: 1) a determinant phase, defining potential rent generation through the presence of complementary resources and capabilities; 2) a socialisation phase, connecting this fundament to the rent generating 'engine'; and it is supposed to carry; 3) an actual rent generating phase, characterised by the ability to leverage complementarities inherent to the relationship, effective self-enforcement rather than third-party enforcement governance mechanisms, as well as a set-up providing incentives to encourage transparency and discourage free-riding. Moreover, we find the constructs within the phases to be complexly interrelated and identify a feedback loop between the first and the third phases.
KW - Case study
KW - Corporate venture capital
KW - CVC
KW - Dyads
KW - Innovation management
KW - Process
KW - Qualitative research
KW - Relational rent
KW - Relational view
KW - RV
KW - Value generation
KW - VC
KW - Venture capital
UR - http://www.scopus.com/inward/record.url?scp=84957687276&partnerID=8YFLogxK
U2 - 10.1504/IJEV.2016.074404
DO - 10.1504/IJEV.2016.074404
M3 - Article
AN - SCOPUS:84957687276
VL - 8
SP - 62
EP - 83
JO - International Journal of Entrepreneurial Venturing
JF - International Journal of Entrepreneurial Venturing
SN - 1742-5360
IS - 1
ER -