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Understanding Entrepreneurship Through the Enrichment of Institutional Theory by Ethics

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Entrepreneurship, Regional Development and Culture

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Abstract

This work offers a deeper evaluation of entrepreneurship through institutional theory understanding, in which the technical-economic sphere is not only complemented by a social perspective, but also structured and governed in an ethical manner. Based on a hermeneutic approach, it argues there are primarily three distinct logics or rationalities (technical-economic, psycho-social and ethical-anthropological) which are nonetheless compatible and united in one sole agent and in one unique human action. This proposal is an essential complement to institutional theory findings related to entrepreneurship, allowing a sound dialog between technical, social and ethical aspects of entrepreneurship where profit is not excluded, but, rather, considered as a means for achieving human and social ends—thereby radically eliminating the purely instrumental perspective of the human being. The review of the category of entrepreneurship, based on institutional theories, evidences the need to incorporate anthropology and ethics which is explicitly done through an open dialogue that contemplates and integrates all of them.

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Authors and Affiliations

  1. IECO, Valencia, Spain

    Alexis J. Bañón-Gomis

  2. Department of Business Organisation, Universitat Politècnica de València, Camino de Vera, s/n, Valencia, 46022, Valencia, Spain

    Alexis J. Bañón-Gomis

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  1. Alexis J. Bañón-Gomis
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Correspondence to Alexis J. Bañón-Gomis .

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Editors and Affiliations

  1. Department of Business Administration, Universitat Politècnica de València Dpto de Org de Empresas, Valencia, Spain

    Marta Peris-Ortiz

  2. University of Chile Dep. Management Control and Information, Santiago, Chile

    José M. Merigó-Lindahl

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Bañón-Gomis, A.J. (2015). Understanding Entrepreneurship Through the Enrichment of Institutional Theory by Ethics. In: Peris-Ortiz, M., Merigó-Lindahl, J. (eds) Entrepreneurship, Regional Development and Culture. Springer, Cham. https://doi.org/10.1007/978-3-319-15111-3_11

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