How Can Venture Capitalists-Owner Managers Conflicts Be Managed? If You Want Peace, Agree to Keep the Peace

Claire Champenois, Michel Devigne () and François-Régis Puyou ()
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Claire Champenois: Audencia Business School
Michel Devigne: Mines Nantes - Mines Nantes, LEMNA - Laboratoire d'économie et de management de Nantes Atlantique - IEMN-IAE Nantes - Institut d'Économie et de Management de Nantes - Institut d'Administration des Entreprises - Nantes - UN - Université de Nantes
François-Régis Puyou: University of Saint Andrews

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Abstract: This article identifies four mechanisms (talking continuously; showing commitment to a community; strengthening operational focus; and accepting difficult decisions) in Venture Capitalist (VC)—Owner–Manager (OM) relationships that serve to manage tensions and thus avert detrimental situations, namely conflicts. The results enrich the literature on VC-OM conflict by mobilizing a tension intensity variable and by providing evidence on how tense critical events can be managed. We offer recommendations and insight into managing tension intensity, which can help VCs and OMs derive the potential benefits of opposing viewpoints while avoiding major disruptions in their relationships.

Keywords: Venture capitalist; Owner Manager; Conflict (search for similar items in EconPapers)
Date: 2016-10
Note: View the original document on HAL open archive server: https://audencia.hal.science/hal-01398988v1
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Citations: View citations in EconPapers (1)

Published in Journal of Small Business Management, 2016, 54 (S1), pp.189 - 215. ⟨10.1111/jsbm.12297⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01398988

DOI: 10.1111/jsbm.12297

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