“…We have focused on the effect of relationships on value capture because the extant literature demonstrated that: 1) relationships contribute to generation of economic value (Granovetter, 1973;Ferriani, Fonti, & Corrado, 2013;Uzzi, 1996Uzzi, , 1997Uzzi, , 1999Gulati, 1995;Fernandez et al, 2000;Castilla, 2005;Petersen et al, 2000); and 2) division of value between participants in transactions may be uneven and some parties may capture more (Fernandez-Mateo, 2007;Bidwell & Fernandez-Mateo, 2010). We built on this literature and developed hypotheses that suggest that value capture by one party will be greater when that party learns more in the previous relationships and when those relationships lead to development of trust.…”