VC-WUKI book chapter final version.pdf (154.08 kB)
Human capital and conflict management in the entrepreneur-venture capitalist relationship: the entrepreneurs’ perspective
chapterposted on 2015-04-21, 14:53 authored by Huan Zou, Grahame Boocock, Xiaohui Liu
Entrepreneurs’ human capital is important in the entrepreneur-venture capitalist (E-VC) relationship where conflict between the two parties is almost inevitable. However, how human capital affects entrepreneurs’ responses to conflict is under explored. Adopting a qualitative analysis, this study integrates the human capital and conflict management literature to examine the factors that cause conflict in the E-VC relationship in China and to investigate how entrepreneurs with different degrees of human capital respond to conflict. Our findings show communication barriers, and different goals and value systems are the main sources of conflict between Chinese entrepreneurs and foreign VCs. Entrepreneurs with start-up experience are more likely to adopt collaborative and competing strategies and hence have a more positive and productive attitude towards conflict with VCs, whereas inexperienced entrepreneurs tend to use passive accommodating and avoiding approaches that create problems in the E-VC relationship.
- Business and Economics
Published inThe Rise of Multinationals from Emerging Economies: Achieving a new balance
Pages? - ? (292)
CitationZOU, H., BOOCOCK, G. and LIU, H., 2015. Human capital and conflict management in the entrepreneur-venture capitalist relationship: the entrepreneurs’ perspective. IN: Konara, P. et al (eds). The Rise of Multinationals from Emerging Economies: Achieving a New Balance. Basingstoke: Palgrave Macmillan, pp. 195-212.
PublisherPalgrave Macmillan / © Authors
- AM (Accepted Manuscript)
Publisher statementThis work is made available according to the conditions of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) licence. Full details of this licence are available at: https://creativecommons.org/licenses/by-nc-nd/4.0/
NotesThis extract is taken from the author's original manuscript and has not been edited. The definitive, published, version of record is available here: https://www.palgrave.com/gp/book/9781137473103 and https://link.springer.com/book/10.1057/9781137473110.