The heterogeneity of animal spirits: a first taxonomy of entrepreneurs with regard to investment expectations

Michaël Lainé ()
Additional contact information
Michaël Lainé: OCRE - EDC Paris

Post-Print from HAL

Abstract: Investment expectations are highly subjective, and subjectivity is, inherently, diverse. We propose an analytical taxonomy of entrepreneurs with regard to investment expectations—of how diverse animal spirits are. We draw on past research so as to outline the relevant independent classification variables. Motivations, skills, management styles and affective traits comprise our four groups of classification variables. Based on a field study using a sample of 289 entrepreneurs and performing two different cluster analyses, we find 11 stable groups of entrepreneurs. We portray them as ideal types à la Weber. There may be major and minor memberships. Our 11 groups are the neoclassical manager, the builder, the administrator, the paternalistic manager, the hero, the mogul, the prophet, the craftsman, the inventor, the gambler, and the explorer.

Date: 2016-08-17
New Economics Papers: this item is included in nep-ent and nep-pke
Note: View the original document on HAL open archive server: https://hal.science/hal-01744745
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in Cambridge Journal of Economics, 2016, ⟨10.1093/cje/bew039⟩

Downloads: (external link)
https://hal.science/hal-01744745/document (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01744745

DOI: 10.1093/cje/bew039

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().