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Power between Entrepreneurs and Investors: A Case Study

Author

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  • Oskari Lehtonen

    (Swedish School of Economics and Business Administration)

Abstract

Two main approaches have been utilized to explain the relationship between entrepreneurs and their investors. The first is based on the separation of ownership and management i.e. the so-called principal-agent approach. The second emphasizes trust and cooperation in the relationship. This article offers new perspectives from which to analyze the relationship by utilizing power constructs such as dependency, power balance/imbalance and different power sources in the setting. The data are based on the author’s eighteen month period of observation as a business angel in one entrepreneurial venture.

Suggested Citation

  • Oskari Lehtonen, 2006. "Power between Entrepreneurs and Investors: A Case Study," Journal of Entrepreneurial Finance, Pepperdine University, Graziadio School of Business and Management, vol. 11(1), pages 51-75, Spring.
    • Handle: RePEc:pep:journl:v:11:y:2006:i:1:p:51-75
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    Cited by:

    1. , Aisdl, 2021. "Recipes for a Successful Exit for Clean- and Hard-tech Startups," OSF Preprints k3vey, Center for Open Science.

    More about this item

    Keywords

    Capital Budgeting; Fixed Investment; Inventory Studies; Capacity; Financing Policy; Risk Management; Capital Structure; Value of Firms; Goodwill; Entrepreneurship;
    All these keywords.

    JEL classification:

    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups

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