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Investor preferences between the sharing economy and incumbent firms

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  • de Lange, Deborah
  • Valliere, Dave

Abstract

Stakeholder theory has called for more research on competing interests. This research contributes by investigating investor preferences that affect the competing positions of incumbents and sharing-economy firms. The sharing economy promises wider distribution of benefits across stakeholders, which may influence investor attractiveness. So this research asks when sharing-economy firms are competitive for investor support in comparison with incumbents. Value creation and value capture are employed to develop hypotheses predicting investor interests. Using data from a matched sample of 334 firms, we find evidence of conditional investor preference for non-sharing firms, and conclude implications for the sharing economy and sustainable development.

Suggested Citation

  • de Lange, Deborah & Valliere, Dave, 2020. "Investor preferences between the sharing economy and incumbent firms," Journal of Business Research, Elsevier, vol. 116(C), pages 37-47.
    • Handle: RePEc:eee:jbrese:v:116:y:2020:i:c:p:37-47
    DOI: 10.1016/j.jbusres.2020.05.007
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    3. Lucie Enochsson & Yuliya Voytenko Palgan & Andrius Plepys & Oksana Mont, 2021. "Impacts of the Sharing Economy on Urban Sustainability: The Perceptions of Municipal Governments and Sharing Organisations," Sustainability, MDPI, vol. 13(8), pages 1-31, April.
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    5. Andreas Reuschl & Victor Tiberius & Matthias Filser & Yixin Qiu, 2022. "Value configurations in sharing economy business models," Review of Managerial Science, Springer, vol. 16(1), pages 89-112, January.

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