How Can Venture Capitalists-Owner Managers Conflicts Be Managed? If You Want Peace, Agree to Keep the Peace
Author
Abstract
Suggested Citation
DOI: 10.1111/jsbm.12297
Note: View the original document on HAL open archive server: https://audencia.hal.science/hal-01398988
Download full text from publisher
References listed on IDEAS
- Xin‐an Zhang & Qing Cao & Dean Tjosvold, 2011. "Linking Transformational Leadership and Team Performance: A Conflict Management Approach," Journal of Management Studies, Wiley Blackwell, vol. 48(7), pages 1586-1611, November.
- Lerner, Josh, 1995. "Venture Capitalists and the Oversight of Private Firms," Journal of Finance, American Finance Association, vol. 50(1), pages 301-318, March.
- Sapienza, Harry J. & Manigart, Sophie & Vermeir, Wim, 1996. "Venture capitalist governance and value added in four countries," Journal of Business Venturing, Elsevier, vol. 11(6), pages 439-469, November.
- L. J. Bourgeois, 1980. "Performance and consensus," Strategic Management Journal, Wiley Blackwell, vol. 1(3), pages 227-248, July.
- Catherine Casamatta, 2003.
"Financing and Advising: Optimal Financial Contracts with Venture Capitalists,"
Journal of Finance,
American Finance Association, vol. 58(5), pages 2059-2086, October.
- Casamatta, Catherine, 2002. "Financing and Advising: Optimal Financial Contracts with Venture Capitalists," CEPR Discussion Papers 3475, C.E.P.R. Discussion Papers.
- Parhankangas, Annaleena & Landstrom, Hans, 2006. "How venture capitalists respond to unmet expectations: The role of social environment," Journal of Business Venturing, Elsevier, vol. 21(6), pages 773-801, November.
- Gompers, Paul A, 1995. "Optimal Investment, Monitoring, and the Staging of Venture Capital," Journal of Finance, American Finance Association, vol. 50(5), pages 1461-1489, December.
- Catherine Casamatta, 2003.
"Financing and Advising: Optimal Financial Contracts with Venture Capitalists,"
Journal of Finance, American Finance Association, vol. 58(5), pages 2059-2085, October.
- Casamatta, Catherine, 2002. "Financing and Advising: Optimal Financial Contracts with Venture Capitalists," CEPR Discussion Papers 3475, C.E.P.R. Discussion Papers.
- Sapienza, Harry J., 1992. "When do venture capitalists add value?," Journal of Business Venturing, Elsevier, vol. 7(1), pages 9-27, January.
- Higashide, Hironori & Birley, Sue, 2002. "The consequences of conflict between the venture capitalist and the entrepreneurial team in the United Kingdom from the perspective of the venture capitalist," Journal of Business Venturing, Elsevier, vol. 17(1), pages 59-81, January.
- Steven N. Kaplan & Per Strömberg, 2004.
"Characteristics, Contracts, and Actions: Evidence from Venture Capitalist Analyses,"
Journal of Finance,
American Finance Association, vol. 59(5), pages 2177-2210, October.
- Kaplan, Steven & Strömberg, Per Johan, 2002. "Characteristics, Contracts and Actions: Evidence from Venture Capitalist Analyses," CEPR Discussion Papers 3243, C.E.P.R. Discussion Papers.
- Kaplan, Steven N. & Strömberg, Per, 2003. "Characteristics, Contracts and Actions: Evidence from Venture Capitalist Analyses," SIFR Research Report Series 14, Institute for Financial Research.
- Steven N. Kaplan & Per Stromberg, 2002. "Characteristics, Contracts, and Actions: Evidence from Venture Capitalist Analyses," NBER Working Papers 8764, National Bureau of Economic Research, Inc.
- Admati, Anat R & Pfleiderer, Paul, 1994. "Robust Financial Contracting and the Role of Venture Capitalists," Journal of Finance, American Finance Association, vol. 49(2), pages 371-402, June.
- Dirk De Clercq & Harry J. Sapienza, 2001. "The creation of relational rents in venture capitalist-entrepreneur dyads," Venture Capital, Taylor & Francis Journals, vol. 3(2), pages 107-127, April.
- De Clercq, Dirk & Sapienza, Harry J., 2006. "Effects of relational capital and commitment on venture capitalists' perception of portfolio company performance," Journal of Business Venturing, Elsevier, vol. 21(3), pages 326-347, May.
- Malte Brettel & René Mauer & Daniel Appelhoff, 2013. "The entrepreneur's perception in the entrepreneur--VCF relationship: the impact of conflict types on investor value," Venture Capital, Taylor & Francis Journals, vol. 15(3), pages 173-197, July.
- Andrew Zacharakis & Truls Erikson & Bradley George, 2010. "Conflict between the VC and entrepreneur: the entrepreneur's perspective," Venture Capital, Taylor & Francis Journals, vol. 12(2), pages 109-126, March.
- Veroniek Collewaert & Yves Fassin, 2013. "Conflicts between entrepreneurs and investors: the impact of perceived unethical behavior," Small Business Economics, Springer, vol. 40(3), pages 635-649, April.
- Annaleena Parhankangas & Hans Landström, 2004. "Responses to psychological contract violations in the venture capitalist-entrepreneur relationship: An exploratory study," Venture Capital, Taylor & Francis Journals, vol. 6(4), pages 217-242, October.
- Timmons, Jeffry A. & Bygrave, William D., 1986. "Venture capital's role in financing innovation for economic growth," Journal of Business Venturing, Elsevier, vol. 1(2), pages 161-176.
- Busenitz, Lowell W. & Fiet, James O. & Moesel, Douglas D., 2004. "Reconsidering the venture capitalists' "value added" proposition: An interorganizational learning perspective," Journal of Business Venturing, Elsevier, vol. 19(6), pages 787-807, November.
- Croce, Annalisa & Martí, José & Murtinu, Samuele, 2013. "The impact of venture capital on the productivity growth of European entrepreneurial firms: ‘Screening’ or ‘value added’ effect?," Journal of Business Venturing, Elsevier, vol. 28(4), pages 489-510.
- Annaleena Parhankangas & Hans Landström & D. Gordon Smith, 2005. "Experience, contractual covenants and venture capitalists' responses to unmet expectations," Venture Capital, Taylor & Francis Journals, vol. 7(4), pages 297-318, March.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Wang, Jeff Jianfeng & Grünhagen, Marko & Ji, Li (Jenny) & Zheng, Xu (Vivian), 2020. "Conflict Aftermath: Dispute Resolution and Financial Performance in Franchising," Journal of Retailing, Elsevier, vol. 96(4), pages 548-562.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Jens Burchardt & Ulrich Hommel & Dzidziso Samuel Kamuriwo & Carolina Billitteri, 2016. "Venture Capital Contracting in Theory and Practice: Implications for Entrepreneurship Research," Entrepreneurship Theory and Practice, , vol. 40(1), pages 25-48, January.
- Edmée van Dijk & Leon Schrevel & Rosalie van Stormbroek-Burgers & Robert Jan Blomme, 2014. "How to Create an Effective Venture Capitalist–Entrepreneur Relationship," SAGE Open, , vol. 4(4), pages 21582440145, October.
- Daniel Appelhoff & René Mauer & Veroniek Collewaert & Malte Brettel, 2016. "The conflict potential of the entrepreneur’s decision-making style in the entrepreneur-investor relationship," International Entrepreneurship and Management Journal, Springer, vol. 12(2), pages 601-623, June.
- Casamatta, Catherine & Haritchabalet, Carole, 2007.
"Experience, screening and syndication in venture capital investments,"
Journal of Financial Intermediation, Elsevier, vol. 16(3), pages 368-398, July.
- Casamatta, Catherine & Haritchabalet, Carole, 2007. "Experience, Screening and Syndication in Venture Capital Investments," IDEI Working Papers 443, Institut d'Économie Industrielle (IDEI), Toulouse.
- Catherine Casamatta & Carole Haritchabalet, 2007. "Experience, screening and syndication in venture capital investments," Post-Print hal-04119640, HAL.
- Rin, Marco Da & Hellmann, Thomas & Puri, Manju, 2013.
"A Survey of Venture Capital Research,"
Handbook of the Economics of Finance, in: G.M. Constantinides & M. Harris & R. M. Stulz (ed.), Handbook of the Economics of Finance, volume 2, chapter 0, pages 573-648,
Elsevier.
- Da Rin, M. & Hellmann, T. & Puri, M.L., 2011. "A Survey of Venture Capital Research," Other publications TiSEM eb956105-daa7-4a03-8392-6, Tilburg University, School of Economics and Management.
- Marco Da Rin & Thomas F. Hellmann & Manju Puri, 2011. "A survey of venture capital research," NBER Working Papers 17523, National Bureau of Economic Research, Inc.
- Da Rin, M. & Hellmann, T. & Puri, M.L., 2011. "A Survey of Venture Capital Research," Discussion Paper 2011-111, Tilburg University, Center for Economic Research.
- Kwanghui Lim & Brian Cu, 2012. "The effects of social networks and contractual characteristics on the relationship between venture capitalists and entrepreneurs," Asia Pacific Journal of Management, Springer, vol. 29(3), pages 573-596, September.
- Rosenbusch, Nina & Brinckmann, Jan & Müller, Verena, 2013. "Does acquiring venture capital pay off for the funded firms? A meta-analysis on the relationship between venture capital investment and funded firm financial performance," Journal of Business Venturing, Elsevier, vol. 28(3), pages 335-353.
- Andrew Metrick & Ayako Yasuda, 2011.
"Venture Capital and Other Private Equity: a Survey,"
European Financial Management, European Financial Management Association, vol. 17(4), pages 619-654, September.
- Metrick, Andrew & Yasuda, Ayako, 2010. "Venture Capital and Other Private Equity: A Survey," Working Papers 11-06, University of Pennsylvania, Wharton School, Weiss Center.
- Andrew Metrick & Ayako Yasuda, 2010. "Venture Capital and Other Private Equity: A Survey," NBER Working Papers 16652, National Bureau of Economic Research, Inc.
- Douglas Cumming & Sofia Johan, 2007.
"Advice and monitoring in venture finance,"
Financial Markets and Portfolio Management, Springer;Swiss Society for Financial Market Research, vol. 21(1), pages 3-43, March.
- Cumming, D. & Johan, S.A., 2005. "Advice and monitoring in venture finance," Discussion Paper 2005-003, Tilburg University, Tilburg Law and Economic Center.
- Jackson, William E. & Bates, Timothy & Bradford, William D., 2012. "Does venture capitalist activism improve investment performance?," Journal of Business Venturing, Elsevier, vol. 27(3), pages 342-354.
- Lahr, Henry & Mina, Andrea, 2016. "Venture capital investments and the technological performance of portfolio firms," Research Policy, Elsevier, vol. 45(1), pages 303-318.
- Fabio Bertoni & Diego D’Adda & Luca Grilli, 2016.
"Cherry-picking or frog-kissing? A theoretical analysis of how investors select entrepreneurial ventures in thin venture capital markets,"
Small Business Economics, Springer, vol. 46(3), pages 391-405, March.
- Fabio Bertoni & Diego d'Adda & Luca Grilli, 2016. "Cherry-picking or frog-kissing? A theoretical analysis of how investors select entrepreneurial ventures in thin venture capital markets," Post-Print hal-02313340, HAL.
- Cumming, Douglas & Schmidt, Daniel & Walz, Uwe, 2010. "Legality and venture capital governance around the world," Journal of Business Venturing, Elsevier, vol. 25(1), pages 54-72, January.
- Mikko Jääskeläinen & Markku Maula & Tuukka Seppä, 2006. "Allocation of Attention to Portfolio Companies and the Performance of Venture Capital Firms," Entrepreneurship Theory and Practice, , vol. 30(2), pages 185-206, March.
- Alperovych, Yan & Hübner, Georges & Lobet, Fabrice, 2015.
"How does governmental versus private venture capital backing affect a firm's efficiency? Evidence from Belgium,"
Journal of Business Venturing, Elsevier, vol. 30(4), pages 508-525.
- Yan Alperovych & Georges Hübner & Fabrice Lobet, 2015. "How does governmental versus private venture capital backing affect a firm's efficiency? Evidence from Belgium," Post-Print hal-02313248, HAL.
- M. Knockaert & T. Vanacker, 2011. "The Association between Venture Capitalists’ Selection and Value Adding Behavior: Evidence from Early Stage High Tech Venture Capitalists," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 11/741, Ghent University, Faculty of Economics and Business Administration.
- Ola Bengtsson & S. Abraham Ravid, 2015. "Location Specific Styles and US Venture Capital Contracting," Quarterly Journal of Finance (QJF), World Scientific Publishing Co. Pte. Ltd., vol. 5(03), pages 1-40, September.
- Lohwasser, Todor S., 2020. "Meta-analyzing the relative performance of venture capital-backed firms," Discussion Papers of the Institute for Organisational Economics 4/2020, University of Münster, Institute for Organisational Economics.
- Christof Beuselinck & Marc Deloof & Sophie Manigart, 2008.
"Private Equity Investments and Disclosure Policy,"
European Accounting Review, Taylor & Francis Journals, vol. 17(4), pages 607-639.
- BEUSELINCK, Christophe & DELOOF, Marc & MANIGART, Sophie, 2004. "Private equity investments and disclosure policy," Working Papers 2004025, University of Antwerp, Faculty of Business and Economics.
- C. Beuselinck & M. Deloof & S. Manigart, 2005. "Private Equity Investments and Disclosure Policy," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 05/287, Ghent University, Faculty of Economics and Business Administration.
- C. Beuselinck & M. Deloof & S. Manigart, 2008. "Private Equity Investments and Disclosure Policy," Post-Print hal-00677526, HAL.
- Beuselinck, C. & Deloof, M. & Manigart,S., 2005. "Private equity investments and disclosure policy," Vlerick Leuven Gent Management School Working Paper Series 2005-1, Vlerick Leuven Gent Management School.
- Bottazzi, Laura & Da Rin, Marco & Hellmann, Thomas, 2009.
"What is the role of legal systems in financial intermediation? Theory and evidence,"
Journal of Financial Intermediation, Elsevier, vol. 18(4), pages 559-598, October.
- Laura Bottazzi & Marco Da Rin & Thomas Hellmann, 2005. "What Role of Legal Systems in Financial Intermediation? Theory and Evidence," Working Papers 283, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
- Bottazzi, L. & Da Rin, M. & Hellmann, T., 2008. "What is the Role of Legal Systems in Financial Intermediation? Theory and Evidence," Discussion Paper 2008-30, Tilburg University, Center for Economic Research.
- Bottazzi, L. & Da Rin, M. & Hellmann, T., 2009. "What is the role of legal systems in financial intermediation? Theory and evidence," Other publications TiSEM ab9b328a-050d-45b6-be20-7, Tilburg University, School of Economics and Management.
- Bottazzi, L. & Da Rin, M. & Hellmann, T., 2008. "What is the Role of Legal Systems in Financial Intermediation? Theory and Evidence," Other publications TiSEM 84b71166-f482-4cfe-960d-6, Tilburg University, School of Economics and Management.
- L. Bottazzi & M. Da Rin & T. Hellmann, 2007. "What is the Role of Legal Systems in Financial Intermediation? Theory and Evidence," Working Papers 613, Dipartimento Scienze Economiche, Universita' di Bologna.
More about this item
Keywords
Venture capitalist; Owner Manager; Conflict;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:hal-01398988. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.