Corporate Profit, Entrepreneurship Theory and Business Ethics - ESSEC Business School Accéder directement au contenu
Pré-Publication, Document De Travail Année : 2013

Corporate Profit, Entrepreneurship Theory and Business Ethics

Radu Vranceanu

Résumé

Economic profit is produced by entrepreneurs, those special individuals able to detect and seize as yet unexploited market opportunities. In general capitalist firms manage to deliver positive profits even in the most competitive environments. They can do so thanks to internal entrepreneurs, a subset of their employees able to drive change and develop innovation in the workplace. This paper argues that the goal of profit maximization is fully consistent with the corporation doing good for society. However, there is little justification for corporations to transfer the whole economic profit to shareholders. Economic agents entitled to receive the economic profit are precisely those who create this profit, namely the internal entrepreneurs.
Fichier principal
Vignette du fichier
WP1308.pdf (1.05 Mo) Télécharger le fichier
Origine : Fichiers éditeurs autorisés sur une archive ouverte
Loading...

Dates et versions

hal-00823521 , version 1 (17-05-2013)

Identifiants

  • HAL Id : hal-00823521 , version 1

Citer

Radu Vranceanu. Corporate Profit, Entrepreneurship Theory and Business Ethics. 2013. ⟨hal-00823521⟩

Collections

ESSEC ESSEC-WP
476 Consultations
8685 Téléchargements

Partager

Gmail Facebook X LinkedIn More