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The business model transparency paradox in innovative growth ventures: trade-offs between competitive advantages and agency costs
Luleå University of Technology, Department of Business Administration, Technology and Social Sciences, Business Administration and Industrial Engineering.ORCID iD: 0000-0002-3377-6177
Luleå University of Technology, Department of Business Administration, Technology and Social Sciences, Business Administration and Industrial Engineering.ORCID iD: 0000-0003-0290-7522
2013 (English)In: Entrepreneurship Research Journal, ISSN 2157-5665, E-ISSN 2157-5665, Vol. 3, no 2, p. 238-263Article in journal (Refereed) Published
Abstract [en]

Innovative ventures aiming for rapid growth will require substantial financial capital. Accessing external financial capital requires a high business model transparency, potentially weakening the competitive advantages of the venture. The transparency of the business model can be better understood in terms of two complementary research paradigms: resource-based theory and agency theory. The theories drive transparency in opposite directions and produce a business model transparency paradox that explains the challenges of achieving growth.Acknowledging the implications from one theory can lead to harmful practical implications regarding the challenge of business model transparency and cause a risk of unintended consequence and in the worst case venture failure. A conceptual model and aligned propositions are outlined for comprehensive understanding of the trade-offs suggested by the two theories for ongoing venture exploitation of innovation and growth. An inverted u-shaped function on business model transparency based on a combination of the two theories is proposed for achieving optimal opportunities for venture growth. This conceptual article contributes with implications on financial gaps, business model management, and entrepreneurship education

Place, publisher, year, edition, pages
2013. Vol. 3, no 2, p. 238-263
National Category
Business Administration
Research subject
Accounting and Control
Identifiers
URN: urn:nbn:se:ltu:diva-9252DOI: 10.1515/erj-2012-0011ISI: 000209406700005Local ID: 7d6877ca-76b9-44f5-a1cf-8121e2987891OAI: oai:DiVA.org:ltu-9252DiVA, id: diva2:982190
Note
Validerad; 2013; 20110519 (malin_m)Available from: 2016-09-29 Created: 2016-09-29 Last updated: 2020-01-24Bibliographically approved

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Publisher's full texthttp://www.bepress.com/erj/

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Johansson, JeanethMalmström, Malin

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