Corporate Venturing, Allocation of Talent, and Competition for Star Managers

We provide new rationales for corporate venturing (CV), based on competition for talented managers. As returns to venturing increase, ...rms engage in CV for reasons other than capturing these returns. First, higher venturing returns increase managerial compensation, to which ...rms respond by increasing the power of incentives. Managers increase e

• Type: Journal
• Year: 2008
• Where: MANSCI
• Authors: Jean-Etienne de Bettignies, Gilles Chemla
• Keywords: Corporate Venturing, Managers, MANSCI 2006, MANSCI 2008, Venturing