The impact of founders on value appropriation in new ventures’ alliance agreements

Rama Devarakonda, Jeffrey Reuer, Harsha Tadikonda

Research output: Chapter in Book/Report/Conference proceedingConference contributionScientificpeer-review

Abstract

This paper investigates the value obtained by new ventures in alliance agreements and examines the effects of new ventures’ founders. We apply the bargaining framework for surplus division and develop hypotheses about the effects of founders on new ventures’ value appropriation within alliance agreements. Specifically, our theory suggests that the signals emanating from the superior credentials of founders and the connections that evolve from a new venture’s founders augment new ventures’ outside options and thereby enhance their ability to capture a greater portion of the value derived from alliance activities. Empirical analyses of alliance agreements in the biopharmaceutical industry furnish evidence for our theory.
Original languageEnglish
Title of host publicationAcademy of Management Proceedings
PublisherAcademy of Management
Publication statusPublished - 2018
Externally publishedYes
EventAOM Annual Meeting - Chicago, United States
Duration: 9 Aug 201811 Aug 2018

Conference

ConferenceAOM Annual Meeting
Country/TerritoryUnited States
CityChicago
Period9/08/1811/08/18

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