%0 Journal Article
%T La constitution du capital social. Comment les entreprises innovantes fran aises financent-elles leur cr¨¦ation ? Gathering Social Capital. How do Innovative French Companies finance their Creation ?
%A R¨¦gis Moreau
%J Recherches Sociologiques et Anthropologiques
%D 2011
%I Universit¨¦ Catholique de Louvain
%R 10.4000/rsa.423
%X Les entreprises innovantes, plus que les autres entreprises, ont besoin d¡¯importantes sommes d¡¯argent pour se d¨¦velopper. C¡¯est pourquoi la constitution de leur capital social est une op¨¦ration essentielle puisque ce dernier repr¨¦sente leur premi¨¨re source de financement. D¡¯ailleurs, il est av¨¦r¨¦ que son montant influence les chances de survie de l¡¯entreprise. Pourtant, peu d¡¯¨¦tudes ont interrog¨¦ les processus concrets d¡¯association entre les entrepreneurs et leurs actionnaires initiaux. Comment les cr¨¦ateurs forment-ils leur actionnariat initial ? Quels sont les m¨¦canismes sociologiques qui interviennent ? Pour r¨¦pondre ¨¤ ces questions, nous avons rencontr¨¦ les cr¨¦ateurs de 45 entreprises innovantes ainsi que leurs actionnaires. Au fil d¡¯un travail empirique, une hypoth¨¨se a ¨¦merg¨¦ : la circulation de l¡¯argent apport¨¦ par les actionnaires initiaux est assujettie ¨¤ la confrontation des logiques de chacune des parties. C¡¯est donc une analyse plus qualitative que quantitative qui d¨¦cide de la diffusion et de la recevabilit¨¦ des fonds pour la cr¨¦ation de ce type d¡¯entreprises. Innovative companies, more than any others, need large sums of money to start-up. That is why the constitution of their social capital is an essential operation since it represents their first source of funds. Moreover, it has been shown that its amount influences the company's chances of survival. However, few studies have looked into the concrete processes of association between the initial entrepreneurs and their shareholders. How do the creators form their initial shareholding ? What are the sociological mechanisms intervening ? To answer these questions, we met with the creators of 45 innovative companies as well as their shareholders. As the conclusion of research work, a hypothesis has emerged : the circulation of funds provided by the initial shareholders is subject to a confrontation of the logics of each of the parties involved. Thus it is more a qualitative than a quantitative analysis which determines the distribution and admissibility of funds for the creation of this type of company.
%U http://rsa.revues.org/423