Private Equity: Universality of financing and universality of effects on business innovation? A conceptual approach

Capital-investissement: Universalité du financement et universalité des effets sur l’innovation des entreprises ? Une approche conceptuelle

Jonathan Labbé ()
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Jonathan Labbé: CEREFIGE - Centre Européen de Recherche en Economie Financière et Gestion des Entreprises - UL - Université de Lorraine

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Abstract: This article attempts to understand through a conceptual approach the effects of public Investor-Capital (I.C.) "resources" on the performance of firms through innovation. In connection with the neo-institutional approach, we show that even if the construction of private equity activity in France can reveal the effects of mimetic isomorphisms, different managerial and financial behaviors in a cognitive framework of governance. With a proposed definition of innovation, we highlight the strategic character of "resources" and more particularly of the financing that can be granted to the company. Using the resource-based view approach, we observe that through a process of exchange and value creation and thanks to different cognitive levers, the impact of public investor-capital financing on innovation cannot be universal.

Keywords: Capital-investissement; Intervention publique; Gouvernance; Innovation; Entreprises (search for similar items in EconPapers)
Date: 2017-06-01
Note: View the original document on HAL open archive server: https://hal.science/hal-03000109
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Published in 6ème colloque AIRMAP, Un management universel ? Finance et Management public, Jun 2017, Nice, France

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03000109

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