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The capitalist entrepreneur and the entrepreneurial process
[L'entrepreneur capitaliste et le processus entrepreneurial]

Author

Listed:
  • Christel Vivel

    (UR CONFLUENCE : Sciences et Humanités (EA 1598) - UCLy - UCLy (Lyon Catholic University), ESDES - ESDES, Lyon Business School - UCLy - UCLy - UCLy (Lyon Catholic University))

Abstract

The figure of the capitalist entrepreneur, as depicted in today's economic and managerial literature, links the possession of capital with profit realization, emphasizing investment as the driving force behind entrepreneurial action. The entrepreneur is thus seen as the ultimate decision-maker regarding the resources, assets, and skills they possess. However, this perspective fails to capture the essence of entrepreneurial action. By reducing the entrepreneur to a maximizer of assets under constraints, it overlooks the specificity of entrepreneurship. The possession of a specific asset is not sufficient to explain the initiation of the entrepreneurial process. To understand this process, one must adopt a contextual analysis and consider the institutional environment.

Suggested Citation

  • Christel Vivel, 2025. "The capitalist entrepreneur and the entrepreneurial process [L'entrepreneur capitaliste et le processus entrepreneurial]," Post-Print hal-05496081, HAL.
    • Handle: RePEc:hal:journl:hal-05496081
    Note: View the original document on HAL open archive server: https://ucly.hal.science/hal-05496081v1
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    References listed on IDEAS

    as
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