Resources, Capabilities and Entrepreneurial Perceptions*
发展了一个主观主义的创业理论，强调个体知识、资源和技能在创业发现与创造力中的核心作用，并解释主观感知如何影响企业的生产机会集和绩效差异。
abstract We review and develop a subjectivist theory of entrepreneurship that focuses on individuals, their knowledge, resources and skills, and the processes of discovery and creativity, which constitute the heart of entrepreneurship. First, we establish the fundamental importance of subjectivity in entrepreneurial discovery and creativity. Second, we build on Penrose (1959 ) to elaborate how entrepreneurs' perceptions and personal knowledge shape a firm's subjective productive opportunity set . Third, we explain that entrepreneurial perceptions and knowledge partly originate from entrepreneurs' experiences in specific business settings such as the firm, the management team, and the industry. Fourth, we highlight the causal connections between subjectivity in entrepreneurship and observed heterogeneity in firm‐level economic performance. Lastly, we suggest directions for further advancing a subjectivist resource‐based approach to future entrepreneurship research.