The Darkside of Corporate Venture Capital: A Theoretical Framework

Publikation: Bidrag til bog/antologi/rapportKonferenceabstrakt i proceedingsForskningpeer review

Abstract

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 these 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 the misappropriation incentives and result in better matches between startups and investors.

OriginalsprogEngelsk
TitelProceedings of the Eighty-second Annual Meeting of the Academy of Management
RedaktørerSonja Taneja
Antal sider1
UdgivelsesstedBriarcliff Manor, NY
ForlagAcademy of Management
Publikationsdato2022
Sider2500
DOI
StatusUdgivet - 2022
BegivenhedThe Academy of Management Annual Meeting 2022: Creating a Better World Together - Seattle, USA
Varighed: 5 aug. 20229 aug. 2022
Konferencens nummer: 82
https://2022.aom.org/

Konference

KonferenceThe Academy of Management Annual Meeting 2022
Nummer82
Land/OmrådeUSA
BySeattle
Periode05/08/202209/08/2022
Internetadresse
NavnAcademy of Management Proceedings
ISSN0065-0668

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