The process of relational rent generation in corporate venture capital investments

Research output: Contribution to journalArticleResearchpeer review

Authors

  • Christiana Weber
  • Virgil Raibulet
  • Boris Bauke
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Details

Original languageEnglish
Pages (from-to)62-83
Number of pages22
JournalInternational Journal of Entrepreneurial Venturing
Volume8
Issue number1
Publication statusPublished - 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.

Keywords

    Case study, Corporate venture capital, CVC, Dyads, Innovation management, Process, Qualitative research, Relational rent, Relational view, RV, Value generation, VC, Venture capital

ASJC Scopus subject areas

Cite this

The process of relational rent generation in corporate venture capital investments. / Weber, Christiana; Raibulet, Virgil; Bauke, Boris.
In: International Journal of Entrepreneurial Venturing, Vol. 8, No. 1, 29.01.2016, p. 62-83.

Research output: Contribution to journalArticleResearchpeer review

Weber, C, Raibulet, V & Bauke, B 2016, 'The process of relational rent generation in corporate venture capital investments', International Journal of Entrepreneurial Venturing, vol. 8, no. 1, pp. 62-83. https://doi.org/10.1504/IJEV.2016.074404
Weber, C., Raibulet, V., & Bauke, B. (2016). The process of relational rent generation in corporate venture capital investments. International Journal of Entrepreneurial Venturing, 8(1), 62-83. https://doi.org/10.1504/IJEV.2016.074404
Weber C, Raibulet V, Bauke B. The process of relational rent generation in corporate venture capital investments. International Journal of Entrepreneurial Venturing. 2016 Jan 29;8(1):62-83. doi: 10.1504/IJEV.2016.074404
Weber, Christiana ; Raibulet, Virgil ; Bauke, Boris. / The process of relational rent generation in corporate venture capital investments. In: International Journal of Entrepreneurial Venturing. 2016 ; Vol. 8, No. 1. pp. 62-83.
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