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Leçons d'innovation sociale des micro-angels


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  • Arvind Ashta

    (CEREN - Centre de Recherche sur l'Entreprise - Start entering a institution, university, grande ecole)

  • Glòria Estapé-Dubreuil

    (CEREN - Centre de Recherche sur l'Entreprise - Start entering a institution, university, grande ecole)

  • Jean-Pierre Hédou

    (CEREN - Centre de Recherche sur l'Entreprise - Start entering a institution, university, grande ecole)

  • Stéphan Bourcieu

    (CEREN - Centre de Recherche sur l'Entreprise - Start entering a institution, university, grande ecole)


Les micro-entrepreneurs peuvent accroître leur capacité à s'endetter en prenant en même temps des participations, respectant ainsi des ratios de prudence et réduisant le stress. La micro-prise de participation a démarré en France en 1983 sous l'impulsion d'un mouvement socialement innovant, connu sous le nom de CIGALES. Nous envisageons l'évolution du mouvement des CIGALES sous un angle institutionnel, afin de comprendre comment ces clubs de micro-angels se sont multipliés, mais aussi pourquoi le mouvement n'a pas grandi plus vite et de façon plus globale. Nos résultats suggèrent que l'innovation "catalytique" exige non seulement de l'entrepreneur institutionnel qu'il collabore avec d'autres institutions complémentaires, mais aussi qu'il crée ces mêmes institutions. Les barrières à ce mouvement sont à la fois liées à des valeurs internes et aux contraintes institutionnelles externes. La compréhension de ce mouvement pourrait être utile aux efforts de développement à venir.

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Bibliographic Info

Paper provided by HAL in its series Working Papers with number hal-00726112.

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Date of creation: 28 Aug 2012
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Handle: RePEc:hal:wpaper:hal-00726112

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Keywords: entrepreneur institutionnel; capital-risque; bonne fée des affaires; innovation catalytique; microfinance; micro-prise de participation;

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  1. Jonathan T. Eckhardt & Scott Shane & Frédéric Delmar, 2006. "Multistage Selection and the Financing of New Ventures," Management Science, INFORMS, vol. 52(2), pages 220-232, February.
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