Details
| Original language | English |
|---|---|
| Pages (from-to) | 303-330 |
| Number of pages | 28 |
| Journal | Venture Capital |
| Volume | 8 |
| Issue number | 4 |
| Publication status | Published - 1 Oct 2006 |
| Externally published | Yes |
Abstract
Exchange is regarded as the fundamental activity in every economic context. Seeking a theoretical conceptualization of exchange in an interorganizational sense, the authors use a qualitative study of venture capital organizations (VCs) in Germany and their portfolio companies (PCs) to develop an exchange-related perspective centred on reciprocity in interorganizational relations. Through grounded theory, two types of exchange are identified, economic exchange reciprocity and social obligation reciprocity, which differ considerably in their exchange cultures, modes, structures, and resources. In addition to specifying VC - PC relations as the subject of study, the theoretical perspective focuses on making the rediscovered concept of reciprocity useful in the organization and management of organizational and interorganizational relations.
Keywords
- Grounded theory, Principal-agent theory, Reciprocity, Social exchange theory, Sociological neoinstitutionalism, Venture capital
ASJC Scopus subject areas
- Economics, Econometrics and Finance(all)
- Finance
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In: Venture Capital, Vol. 8, No. 4, 01.10.2006, p. 303-330.
Research output: Contribution to journal › Article › Research › peer review
}
TY - JOUR
T1 - Economic exchange reciprocity or social obligation reciprocity? Exchange modalities of interorganizational relations in Germany
AU - Weber, Christiana
AU - Göbel, Markus
PY - 2006/10/1
Y1 - 2006/10/1
N2 - Exchange is regarded as the fundamental activity in every economic context. Seeking a theoretical conceptualization of exchange in an interorganizational sense, the authors use a qualitative study of venture capital organizations (VCs) in Germany and their portfolio companies (PCs) to develop an exchange-related perspective centred on reciprocity in interorganizational relations. Through grounded theory, two types of exchange are identified, economic exchange reciprocity and social obligation reciprocity, which differ considerably in their exchange cultures, modes, structures, and resources. In addition to specifying VC - PC relations as the subject of study, the theoretical perspective focuses on making the rediscovered concept of reciprocity useful in the organization and management of organizational and interorganizational relations.
AB - Exchange is regarded as the fundamental activity in every economic context. Seeking a theoretical conceptualization of exchange in an interorganizational sense, the authors use a qualitative study of venture capital organizations (VCs) in Germany and their portfolio companies (PCs) to develop an exchange-related perspective centred on reciprocity in interorganizational relations. Through grounded theory, two types of exchange are identified, economic exchange reciprocity and social obligation reciprocity, which differ considerably in their exchange cultures, modes, structures, and resources. In addition to specifying VC - PC relations as the subject of study, the theoretical perspective focuses on making the rediscovered concept of reciprocity useful in the organization and management of organizational and interorganizational relations.
KW - Grounded theory
KW - Principal-agent theory
KW - Reciprocity
KW - Social exchange theory
KW - Sociological neoinstitutionalism
KW - Venture capital
UR - http://www.scopus.com/inward/record.url?scp=33750097450&partnerID=8YFLogxK
U2 - 10.1080/13691060600759824
DO - 10.1080/13691060600759824
M3 - Article
AN - SCOPUS:33750097450
VL - 8
SP - 303
EP - 330
JO - Venture Capital
JF - Venture Capital
SN - 1369-1066
IS - 4
ER -