Neutraliser les mécanismes de gouvernance... et s’en mordre les doigts. Un cas de reprise d’entreprise qui tourne mal

Julien Cadot

Revue de l'Entrepreneuriat, 2017, vol. 16, issue 3, 177-196

Abstract: The governance of the entrepreneurial process is a key factor of success. Based on a case of a firm takeover that was followed by the firm?s bankruptcy, our research shows how the overconfidence bias and the escalation of commitments can lead the entrepreneur to ignore and even neutralize some standard or cognitive governance mechanisms, taking the risk of beginning the entrepreneurial process without the financial and cognitive resources required for success, and delaying stopping a failing entrepreneurial process. The case highlights the possible weaknesses of the entrepreneurial governances, focusing on the firms? takeover as a mode of entering into entrepreneurship.

Keywords: firm takeover; corporate governance; learning; behavioral biases (search for similar items in EconPapers)
Date: 2017
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