Developing Theoretical Insights in Entrepreneurship Research

Abstract

As the study of entrepreneurship continues to advance, recognition of the role of theory in the development of the field grows. In this paper, we build on our collective experiences to offer a peak into the inner working of theorizing and highlight how specifically to develop theoretical insights for advancing entrepreneurship scholarship. Four primary observations emerge: asking an important and interesting question; challenging the prevailing assumptions; understanding the phenomenon and data; and iterating between data, literature, and conceptual model. Our discussion capitalizes on the uniqueness of the phenomena, contexts and actors involved in the creation and evolution of entrepreneurial ventures as well as the interdisciplinary nature of the field. We underscore the need for developing theoretical insights that explain entrepreneurial phenomena and decisions in ways that can also promote dialog with (and contribute to) other disciplines and fields.

Keywords: entrepreneurship, theory building, assumptions, immersion, theorizing at the intersection

JEL Classification: M13, M10, M1