Details
| Original language | English |
|---|---|
| Pages (from-to) | 62-83 |
| Number of pages | 22 |
| Journal | International Journal of Entrepreneurial Venturing |
| Volume | 8 |
| Issue number | 1 |
| Publication status | Published - 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
- Business, Management and Accounting(all)
- Business and International Management
- Business, Management and Accounting(all)
- Strategy and Management
- Business, Management and Accounting(all)
- Management of Technology and Innovation
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In: International Journal of Entrepreneurial Venturing, Vol. 8, No. 1, 29.01.2016, p. 62-83.
Research output: Contribution to journal › Article › Research › 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 -