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The Entrepreneurial Function in the Theory of the Firm

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  • Niman, Neil B

Abstract

A theory of the firm is developed that enables the entrepreneurial function to be reintroduced into the theory of the firm. The conclusion reached is that once the firm is viewed as an institutional structure and not merely a production function, innovation can be explained as an endogenous process within the boundaries of existing firms. It therefore becomes possible to view institutional (in addition to product and process) innovation as a source of economic growth. Copyright 1991 by Scottish Economic Society.

Suggested Citation

  • Niman, Neil B, 1991. "The Entrepreneurial Function in the Theory of the Firm," Scottish Journal of Political Economy, Scottish Economic Society, vol. 38(2), pages 162-176, May.
    • Handle: RePEc:bla:scotjp:v:38:y:1991:i:2:p:162-76
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    Cited by:

    1. Lowell R. Jacobsen, 2004. "Whither franchising? The case of Avis Europe PLC," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 25(8), pages 525-535.
    2. Neil Niman, 2000. "Competition and Economic Progress," Journal of Bioeconomics, Springer, vol. 2(3), pages 221-231, October.
    3. Marc Cowling & Simon Peter Nadeem, 2020. "Entrepreneurial Firms: With Whom Do They Compete, and Where?," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 57(3), pages 559-577, November.

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