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dc.contributor.authorDe Bettignies, Jean-Etienne
dc.contributor.authorChemla, Gilles
dc.date.accessioned2009-07-08T13:18:19Z
dc.date.available2009-07-08T13:18:19Z
dc.date.issued2008
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/985
dc.language.isoenen
dc.subjectCompétitionen
dc.subjectManageren
dc.subjectInvestments policyen
dc.subjectFailureen
dc.subjectCorporate venture capitalen
dc.subjectVenture capitalen
dc.subject.ddc658.4en
dc.subject.classificationjelM12en
dc.subject.classificationjelM13en
dc.subject.classificationjelG32en
dc.subject.classificationjelG24en
dc.titleCorporate Venturing, allocation of talent, and competition for star managersen
dc.typeArticle accepté pour publication ou publié
dc.contributor.editoruniversityotherQueen's University, Ontario;États-Unis
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.relation.isversionofjnlnameManagement Science
dc.relation.isversionofjnlvol54en
dc.relation.isversionofjnlissue3en
dc.relation.isversionofjnldate2008-03
dc.relation.isversionofjnlpages505-521en
dc.identifier.urlsitehttp://halshs.archives-ouvertes.fr/halshs-00365942/en/en
dc.description.sponsorshipprivateouien
dc.relation.isversionofjnlpublisherInstitute of Management Sciencesen
dc.subject.ddclabelDirection d'entrepriseen


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