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Theories of Entrepreneurship: Alternative Assumptions and the Study of Entrepreneurial Action

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  • Alvarez, Sharon A.

Abstract

The field of entrepreneurship continues to struggle with the development of a modern theory of entrepreneurship. In the past 20 years development of the current theories of entrepreneurship have centered on either opportunity recognition or the individual entrepreneur. At the same time many theoretical insights have come from economics including a rediscovery of the work of Schumpeter. However, because there is a lack of clarity about the theoretical assumptions that entrepreneurship scholars use in their work, assumptions from both individual opportunity recognition and economics have been used as if they are interchangeable. This lack of theoretical distinction has hampered theory development in the field of entrepreneurship.

Suggested Citation

  • Alvarez, Sharon A., 2005. "Theories of Entrepreneurship: Alternative Assumptions and the Study of Entrepreneurial Action," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 1(3), pages 105-148, June.
    • Handle: RePEc:now:fntent:0300000003
    DOI: 10.1561/0300000003
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    Cited by:

    1. Magnus Henrekson & Mikael Stenkula, 2017. "The entrepreneurial rent: the value of and compensation for entrepreneurship," Journal of Entrepreneurship and Public Policy, Emerald Group Publishing Limited, vol. 6(1), pages 11-25, April.
    2. Elert, Niklas & Henrekson, Magnus, 2017. "Entrepreneurship and Institutions: A Bidirectional Relationship," Working Paper Series 1153, Research Institute of Industrial Economics, revised 05 May 2017.
    3. Sara Khodabakhshi, 2012. "Evaluating the Role of Entrepreneurial Self-Efficacy on Entrepreneurial Intention of Tehran University (Case Study of Engineering Campus)," Journal of Education and Vocational Research, AMH International, vol. 3(3), pages 82-88.
    4. Hinnerich, Björn Tyrefors & Vlachos, Jonas, 2017. "The impact of upper-secondary voucher school attendance on student achievement. Swedish evidence using external and internal evaluations," Labour Economics, Elsevier, vol. 47(C), pages 1-14.
    5. Maha Aly & David B. Audretsch & Heike Grimm, 2021. "Emotional skills for entrepreneurial success: the promise of entrepreneurship education and policy," The Journal of Technology Transfer, Springer, vol. 46(5), pages 1611-1629, October.
    6. Greg Fisher & Regan Stevenson & Emily Neubert & Devin Burnell & Donald F. Kuratko, 2020. "Entrepreneurial Hustle: Navigating Uncertainty and Enrolling Venture Stakeholders through Urgent and Unorthodox Action," Journal of Management Studies, Wiley Blackwell, vol. 57(5), pages 1002-1036, July.
    7. Niklas Elert & Magnus Henrekson, 2016. "Evasive entrepreneurship," Small Business Economics, Springer, vol. 47(1), pages 95-113, June.
    8. Henrekson, Magnus, 2007. "Entrepreneurship and Institutions," Working Paper Series 707, Research Institute of Industrial Economics.
    9. Abolghasem Arabiun & Niloofar Salajegheh & Zeynab Aeeni & Armin Khaleghi Forghani, 2023. "Trends and patterns in entrepreneurial action research: a bibliometric overview and research agenda," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 13(1), pages 1-17, December.
    10. Niklas Elert & Magnus Henrekson, 2021. "Entrepreneurship prompts institutional change in developing economies," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 34(1), pages 33-53, March.
    11. Per Fors & Thomas Taro Lennerfors, 2019. "The Individual-Care Nexus: A Theory of Entrepreneurial Care for Sustainable Entrepreneurship," Sustainability, MDPI, vol. 11(18), pages 1-18, September.
    12. Raj V. Mahto & William C. McDowell, 2018. "Entrepreneurial motivation: a non-entrepreneur’s journey to become an entrepreneur," International Entrepreneurship and Management Journal, Springer, vol. 14(3), pages 513-526, September.
    13. Angela A. Stanton & Isabell M. Welpe, 2010. "Risk and Ambiguity: Entrepreneurial Research from the Perspective of Economics," Chapters, in: Angela A. Stanton & Mellani Day & Isabell M. Welpe (ed.), Neuroeconomics and the Firm, chapter 2, Edward Elgar Publishing.

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