Abstracts
Résumé
Cet article pose la question des liens singuliers qu’entretiennent l’échec et la légitimité professionnelle. Nous choisissons le capital-risque pour explorer ces liens car les échecs y sont récurrents. La méthodologie est qualitative et prend appui sur une série d’entretiens semi-directifs. Nous montrons que l’échec est avant tout une affaire de perception. La syndication constitue la pratique professionnelle à travers laquelle la légitimité des capital-risqueurs est éprouvée. Nos investigations montrent que la légitimité n’est donc pas nécessairement altérée par l’échec. Tout dépend de la perception de l’échec (naturelle / dysfonctionnelle) et de la responsabilité de l’acteur dans cet échec (engagée / non engagée).
Mots-clés :
- capital-risqueur,
- échec,
- légitimité,
- responsabilité
Abstract
This article raises the question of the links between failure and legitimacy in the professional practice. We choose to focus on the venture capitalists because failures are recurrent in their practice. Our methodology is qualitative (semi structured-interviews with French venture capitalists). We show that failure is a matter of perception. The main professional practice of this profession – syndication – is the place where professional legitimacy is enhanced, maintained or damaged. Our results show that legitimacy is not necessarily affected by failure. It depends on the perception of failure and on the perceived responsibility of the actor in the failure.
Keywords:
- venture capital,
- failure,
- legitimacy,
- responsibility
Resumen
La cuestión planteada en este artículo es sobre el vínculo entre el fracaso y la legitimidad profesional. Para explorar este vínculo, elegimos el medio de capital-riesgo, donde el fracaso es recurrente. La metodología empleada es cualitativa (serie de entrevistas semi-estructuradas). Mostramos que el fracaso es antes que nada una cuestión de percepción. La sindicación constituye la práctica profesional a través de la cual la legitimidad de la entidad de capital-riesgo es probada. Nosotros proponemos una matriz que combina las percepciones del fracaso y de la responsabilidad de la entidad de capital-riesgo que revela diferentes efectos sobre la legitimidad.
Palabras clave:
- entidad de capital-riesgo,
- fracaso,
- legitimidad,
- responsabilidad
Appendices
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