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Investor preferences between the sharing economy and incumbent firms

Deborah de Lange and Dave Valliere

Journal of Business Research, 2020, vol. 116, issue C, 37-47

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.

Keywords: Stakeholder theory; Sharing economy; Investment; Entrepreneurship; Sustainable development; Value capture (search for similar items in EconPapers)
Date: 2020
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DOI: 10.1016/j.jbusres.2020.05.007

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