Closing the knowledge gap in corporate entrepreneurship through staged commitment

Steven C. Michael

Research output: Contribution to journalArticlepeer-review


Corporate entrepreneurship requires senior executives to evaluate proposals for investment and projects from corporate entrepreneurs. Properties of technology make this evaluation difficult, creating a knowledge gap. Whether through opportunism, overconfidence, and overconfidence, corporate entrepreneurs are likely to induce overinvestment in projects, perhaps at the expense of corporate goals. In this paper we analyze this problem using the tools of agency theory, and identify a solution, staged commitment, used and useful in many areas of business.

Original languageEnglish (US)
Pages (from-to)151-162
Number of pages12
JournalACRN Journal of Finance and Risk Perspectives
Issue number3
StatePublished - 2017


  • Agency theory
  • Corporate entrepreneurship
  • Corporate strategy
  • New product development
  • Technical management

ASJC Scopus subject areas

  • Business and International Management
  • Accounting
  • Finance
  • Statistics, Probability and Uncertainty


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