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dc.contributor.authorDe Bettignies, Jean-Etienne
dc.contributor.authorChemla, Gilles
dc.date.accessioned2010-01-18T13:30:56Z
dc.date.available2010-01-18T13:30:56Z
dc.date.issued2006
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/3027
dc.descriptionCette communication a été publiée dans la revue :"Management Science" Volume:54 - Numéro: 3, 2008 http://basepub.dauphine.fr/xmlui/handle/123456789/985en
dc.language.isoenen
dc.subjectFailureen
dc.subjectInvestments policyen
dc.subjectManageren
dc.subjectcompetitionen
dc.subject.ddc658.4en
dc.subject.classificationjelG24en
dc.subject.classificationjelG32en
dc.subject.classificationjelM13en
dc.subject.classificationjelM12en
dc.titleCorporate Venturing, allocation of talent, and competition for star managersen
dc.typeCommunication / Conférence
dc.description.abstractenWe provide new rationales for corporate venturing (CV), based on competition for talented managers. As returns to venturing increase, firms engage in CV for reasons other than capturing these returns. First, higher venturing returns increase managerial compensation, to which firms respond by increasing the power of incentives. Managers increase effort, prompting firms to reallocate them to new ventures, where the marginal product of effort is highest. Second, as returns to venturing become large, CV emerges as a way to recruit/retain managers who would otherwise choose alternative employment. We derive several testable empirical predictions about the determinants and structure of CV.en
dc.identifier.citationpages18en
dc.description.sponsorshipprivateouien
dc.subject.ddclabelDirection d'entrepriseen
dc.relation.conftitleAFFI (Association Française de Finance) :en
dc.relation.confdate2006-12
dc.relation.confcityParisen
dc.relation.confcountryFranceen


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