The need for an entrepreneurial theory of the firm


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The need for an entrepreneurial theory of the firm

Show simple item record Foss, Nicolai J. en_US Klein, Peter G. en_US 2009-02-04T10:27:24Z 2009-02-04T10:27:24Z 2008-02-05T00:00:00Z en_US
dc.identifier.isbn 9788791815171 en_US
dc.description.abstract Entrepreneurship and the theory of the firm are two of the fastest-growing fields in eco-nomics and management. The two fields developed largely in isolation and are only now beginning to be brought together. We argue that each field has much to learn from the other and that combining them yields a better theory of the firm and a fuller understand-ing of the nature and effects of entrepreneurship in the economy. Specifically, the Knightian concept of entrepreneurship as judgment, combined with the Austrian ap-proach to capital heterogeneity, leads to a number of unconventional insights about the nature, boundaries, and internal organization of the firm. The judgment perspective also shifts attention from the discovery or recognition of entrepreneurial opportunities to the exploitation of those opportunities through the acquisition, combination, and recombina-tion of resources, adding to our understanding of the causes and consequences of entre-preneurship. en_US
dc.format.extent 36 s. en_US
dc.language eng en_US
dc.relation.ispartofseries Working paper;2008-04 en_US
dc.title The need for an entrepreneurial theory of the firm en_US
dc.type wp en_US
dc.accessionstatus modt08feb05 nijemo en_US
dc.contributor.corporation Copenhagen Business School. CBS en_US
dc.contributor.department Center for Strategi og Globalisering en_US
dc.contributor.departmentshort SMG en_US
dc.contributor.departmentuk Center for Strategic Management and Globalization en_US
dc.contributor.departmentukshort SMG en_US
dc.idnumber 9788791815171 en_US København en_US
dc.publisher.year 2008 en_US

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