Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
10437727 | Journal of Economic Behavior & Organization | 2005 | 22 Pages |
Abstract
A missing component of several leading theories of the firm, entrepreneurship is key to the growth and survival of firms in a volatile environment, because entrepreneurial judgement is necessary for success in making complex decisions under uncertainty. The addition of entrepreneurship is not a minor refinement of the theory of the firm, but represents a radical change. The paper summarises the principle changes. It suggests that the introduction of entrepreneurship can facilitate the development of an integrated synthetic theory of the firm.
Keywords
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Economics and Econometrics
Authors
Mark Casson,