The Darkside of Corporate Venture Capital: A Theoretical Framework

Publikation: KonferencebidragPaperForskningpeer review

Abstrakt

This paper develops a theoretical model where a startup seeks financing from an investor in order to develop an idea into a commercial project. Investors that possess valuable complementary assets can contribute the most to the success of the startup but also have the strongest incentives to misappropriate the idea. The startup chooses not to contract with such investors when (i) IPRs and other protection mechanisms are weak, and (ii) the initial upfront investment is limited relative to the value of the project. Large private benefits to the investor, e.g., in the form of learning benefits, decrease misappropriation incentives and result in better matches between startups and investors
OriginalsprogEngelsk
Publikationsdato2021
Antal sider20
StatusUdgivet - 2021
BegivenhedDRUID21 Conference - Copenhagen Business School, Frederiksberg, Danmark
Varighed: 18 okt. 202120 okt. 2021
Konferencens nummer: 42
https://conference.druid.dk/Druid/?confId=62

Konference

KonferenceDRUID21 Conference
Nummer42
LokationCopenhagen Business School
LandDanmark
ByFrederiksberg
Periode18/10/202120/10/2021
Internetadresse

Emneord

  • Corporate venture capital
  • Startups
  • Innovation

Citationsformater