Revisiting the evolutionism of Edith Penroseâs The theory of the growth of the firm: Penroseâs entrepreneur meets Veblenian institutions
Edith Penroseâs The theory of the growth of the firm has offered key ingredients to an evolutionary approach to the growth of the firm. The entrepreneur enlivened by Edith Penrose in that book is revisited here, considering the role played by institutions in his decision-making. It is argued that he...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Emerald Publishing
2017-09-01
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| Series: | EconomiA |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S1517758016300674 |
| _version_ | 1818180454428180480 |
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| author | Felipe Almeida Huáscar Pessali |
| author_facet | Felipe Almeida Huáscar Pessali |
| author_sort | Felipe Almeida |
| collection | DOAJ |
| description | Edith Penroseâs The theory of the growth of the firm has offered key ingredients to an evolutionary approach to the growth of the firm. The entrepreneur enlivened by Edith Penrose in that book is revisited here, considering the role played by institutions in his decision-making. It is argued that her view of the entrepreneur rests greatly in the task of successfully linking two intertwined institutional sets, one internal and the other external to the firm. As a result, the entrepreneur must deal with instrumental and ceremonial elements of both institutional sets in order to re-channel pecuniary gains. The evolutionary approach of Veblenian institutionalism offers an apt definition of institutions to the case in point and is thus used here to expand Penroseâs case account of Hercules Powder Company. Resumo: O livro âA teoria do crescimento da empresaâ de Edith Penrose oferece uma abordagem evolucionária que discute os limites do crescimento da empresa. O empresário como analisado por Penrose, nesse livro, é revisitado neste artigo, considerando o papel desempenhado pelas instituições em sua tomada de decisão. à argumentado que pode-se identificar no empresário penroseano a função de lidar com sucesso com dois conjuntos institucionais interligados, um interno e outro externo à empresa. Como resultado, o empresário deve lidar com elementos instrumentais e cerimoniais de ambos os conjuntos institucionais, a fim de gerar ganhos pecuniários. A abordagem evolucionária do institucionalismo vebleniano é a base teórica utilizada para analisar a relação do empresário penroseano com instituições. Esse artigo também apresenta uma releitura do relato de Penrose sobre a empresa Hercules Powder. JEL classification: B52, Keywords: Edith Penrose, Institutions, Entrepreneur, Institutional entrepreneurship, Palavras-chave: Edith Penrose, Instituições, Empresário, Empresário Institucional |
| first_indexed | 2024-12-11T21:20:01Z |
| format | Article |
| id | doaj.art-2ed709e9f50a4d489796747da117648f |
| institution | Directory Open Access Journal |
| issn | 1517-7580 |
| language | English |
| last_indexed | 2024-12-11T21:20:01Z |
| publishDate | 2017-09-01 |
| publisher | Emerald Publishing |
| record_format | Article |
| series | EconomiA |
| spelling | doaj.art-2ed709e9f50a4d489796747da117648f2022-12-22T00:50:29ZengEmerald PublishingEconomiA1517-75802017-09-01183298309Revisiting the evolutionism of Edith Penroseâs The theory of the growth of the firm: Penroseâs entrepreneur meets Veblenian institutionsFelipe Almeida0Huáscar Pessali1Corresponding author at: Av. Prefeito Lothário Meissner, 632 - térreo - Jardim Botânico - 80210-170 - Curitiba/PR, Brazil.; Federal University of Parana, BrazilFederal University of Parana, BrazilEdith Penroseâs The theory of the growth of the firm has offered key ingredients to an evolutionary approach to the growth of the firm. The entrepreneur enlivened by Edith Penrose in that book is revisited here, considering the role played by institutions in his decision-making. It is argued that her view of the entrepreneur rests greatly in the task of successfully linking two intertwined institutional sets, one internal and the other external to the firm. As a result, the entrepreneur must deal with instrumental and ceremonial elements of both institutional sets in order to re-channel pecuniary gains. The evolutionary approach of Veblenian institutionalism offers an apt definition of institutions to the case in point and is thus used here to expand Penroseâs case account of Hercules Powder Company. Resumo: O livro âA teoria do crescimento da empresaâ de Edith Penrose oferece uma abordagem evolucionária que discute os limites do crescimento da empresa. O empresário como analisado por Penrose, nesse livro, é revisitado neste artigo, considerando o papel desempenhado pelas instituições em sua tomada de decisão. à argumentado que pode-se identificar no empresário penroseano a função de lidar com sucesso com dois conjuntos institucionais interligados, um interno e outro externo à empresa. Como resultado, o empresário deve lidar com elementos instrumentais e cerimoniais de ambos os conjuntos institucionais, a fim de gerar ganhos pecuniários. A abordagem evolucionária do institucionalismo vebleniano é a base teórica utilizada para analisar a relação do empresário penroseano com instituições. Esse artigo também apresenta uma releitura do relato de Penrose sobre a empresa Hercules Powder. JEL classification: B52, Keywords: Edith Penrose, Institutions, Entrepreneur, Institutional entrepreneurship, Palavras-chave: Edith Penrose, Instituições, Empresário, Empresário Institucionalhttp://www.sciencedirect.com/science/article/pii/S1517758016300674 |
| spellingShingle | Felipe Almeida Huáscar Pessali Revisiting the evolutionism of Edith Penroseâs The theory of the growth of the firm: Penroseâs entrepreneur meets Veblenian institutions EconomiA |
| title | Revisiting the evolutionism of Edith Penroseâs The theory of the growth of the firm: Penroseâs entrepreneur meets Veblenian institutions |
| title_full | Revisiting the evolutionism of Edith Penroseâs The theory of the growth of the firm: Penroseâs entrepreneur meets Veblenian institutions |
| title_fullStr | Revisiting the evolutionism of Edith Penroseâs The theory of the growth of the firm: Penroseâs entrepreneur meets Veblenian institutions |
| title_full_unstemmed | Revisiting the evolutionism of Edith Penroseâs The theory of the growth of the firm: Penroseâs entrepreneur meets Veblenian institutions |
| title_short | Revisiting the evolutionism of Edith Penroseâs The theory of the growth of the firm: Penroseâs entrepreneur meets Veblenian institutions |
| title_sort | revisiting the evolutionism of edith penroseas the theory of the growth of the firm penroseas entrepreneur meets veblenian institutions |
| url | http://www.sciencedirect.com/science/article/pii/S1517758016300674 |
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