When ownership of the venture triggers cofounders’ unethical pro-venture behavior

Michelle C. Hong, Hsing-Er Lin, Dan K. Hsu and Yongchuan Shi

Journal of Business Venturing Insights, 2021, vol. 16, issue C

Abstract: This research examines a prevailing yet understudied phenomenon—a cofounder's unethical pro-venture behavior. We identify two antecedents - psychological ownership and equity ownership of a cofounder. Data collected from 139 cofounders show a curvilinear relationship between psychological ownership and unethical pro-venture behavior. More interestingly, the incongruence between psychological ownership and equity ownership, particularly when psychological ownership exceeds equity ownership, increases the likelihood of such behavior.

Keywords: Entrepreneurial ethics; Psychological ownership; Equity ownership; Unethical proventure behavior; Founding teams (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jobuve:v:16:y:2021:i:c:s2352673421000330

DOI: 10.1016/j.jbvi.2021.e00255

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