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The process of relational rent generation in corporate venture capital investments

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  • Christiana Weber
  • Virgil Raibulet
  • Boris Bauke

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.

Suggested Citation

  • Christiana Weber & Virgil Raibulet & Boris Bauke, 2016. "The process of relational rent generation in corporate venture capital investments," International Journal of Entrepreneurial Venturing, Inderscience Enterprises Ltd, vol. 8(1), pages 62-83.
    • Handle: RePEc:ids:ijeven:v:8:y:2016:i:1:p:62-83
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    Cited by:

    1. Stefanie Weniger & Svenja Jarchow, 2023. "Between benefit and risk: how entrepreneurs evaluate corporate investors," Journal of Business Economics, Springer, vol. 93(5), pages 783-816, July.

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