Corporate Profit, Entrepreneurship Theory and Business Ethics - Archive ouverte HAL Access content directly
Preprints, Working Papers, ... Year :

Corporate Profit, Entrepreneurship Theory and Business Ethics

Radu Vranceanu
  • Function : Author
  • PersonId : 842986


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
Origin : Publisher files allowed on an open archive

Dates and versions

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


  • HAL Id : hal-00823521 , version 1


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


431 View
8505 Download


Gmail Facebook Twitter LinkedIn More