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Revista de Administração (São Paulo)

On-line version ISSN 1984-6142


KLEIN, Peter G.. Why entrepreneurs need firms, and the theory of the firm needs entrepreneurship theory. Rev. Adm. (São Paulo) [online]. 2016, vol.51, n.3, pp.323-326. ISSN 1984-6142.

Firms are established by entrepreneurs, and entrepreneurship is typically embodied within a firm. And yet, the research literatures on entrepreneurship and the theory of the firm developed mostly independently. I suggest some reasons why these literatures have struggled to connect, and offer a potential path forward, one that describes the entrepreneurial act as the acquisition, combination, and recombination of heterogeneous resources under conditions of uncertainty.

Keywords : Entrepreneurship; Theory of the firm; Uncertainty; Judgment.

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