Abstract
In this paper, 14 publicly reported actual cases reflecting antagonistic conflicts between entrepreneurs and investors are chosen, and a grounded theory approach is adopted to collect and analyze the original data of cases. Total of 108 concepts, 23 sub-categories, 6 main categories, and a core category of “driving factors of evolution of antagonistic conflicts” are obtained, and the model of driving factors of evolution of antagonistic conflicts between entrepreneurs and investors is constructed. This research shows that: (1) divergence of strategic objective, divergence of control right allocation, divergence of interests and moral hazard are the direct driving factors of antagonistic conflict evolution; (2) individual perceptions of both entrepreneurs and investors are the mediating driving factor of antagonistic conflict evolution; (3) antagonistic response is the situational driving factor of antagonistic conflict evolution. Finally, suggestions for preventing and resolving antagonistic conflicts between entrepreneurs and investors are provided according to the study. Keywords: Antagonistic Conflict, Grounded Theory, Evolution of Conflict DOI : 10.7176/EJBM/11-14-01 Publication date :May 31 st 2019
Highlights
In recent years, the pioneering enterprises have been developed continuously
The antagonistic conflict is the most intense one that usually results in negative consequences to investors, entrepreneurs and involved enterprise, such as one party being forced to quit, and the involved enterprise being closed down, and has negative influences on the market environment of start-up and investment communities
The grounded theory is adopted and the publicly reported actual cases reflecting antagonistic conflicts between entrepreneurs and investors are collected to thoroughly analyze and explore the driving factors and evolution of antagonistic conflicts between entrepreneurs and investors, and provide countermeasures and suggestions for preventing and resolving antagonistic conflicts according to the study conclusions
Summary
The pioneering enterprises have been developed continuously. With the assistance of investors, including extending their financing channels, providing the support of funds and strategic resources, the pioneering enterprises can stand out in the background of fierce market competition. Www.iiste.org is a form of conflict, which refers to the disagreement on important issues between related parties, and will evolve into or erupted into formal conflict. In this process, the subjects in conflict tend to take an uncompromising stance and will not make any mutual concession, or even give vigorous resistance.
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