Through the systematic review of foreign mainstream entrepreneurial literature, this study analyzes the development of entrepreneurial theories and themes with the entrepreneurial opportunity as the main line, trying to find out the applicability and limitations of extant theories in entrepreneurial research. Specifically, using theoretical holistic analysis and thematic focused analysis, this study first analyzes the proportion of literature using theories, the multi-disciplinary source of theories and the research themes of multi-disciplinary theories, etc., to clarify the current situation of entrepreneurship theories. Then, on the basis of theoretical holistic analysis, focusing on several key theories applied in different stages of entrepreneurship research, we explore their applicability in explaining opportunity formation. Both theoretical holistic analysis and thematic focused analysis show that the entrepreneurial opportunity gradually moves from the edge of entrepreneurial research to the center stage, and the opportunity is regarded as the core of the entrepreneurial field. The extant theories are more from other disciplines while the unique theories are less. At the same time, existing entrepreneurial theories still have limitations in explaining opportunity formation. Based on the above, we propose entrepreneurship as a unique research field, which the unique theoretical system has not been formed yet. In the future, we should build unique entrepreneurial theories around the entrepreneurial opportunity based on the perspective of the process study.
Entrepreneurial Theories: A Review and Prospects
Foreign Economics & Management Vol. 41, Issue 12, pp. 94 - 111 (2019) DOI:10.16538/j.cnki.fem.2019.12.005
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Cite this article
Cai Li, Yu Haijing, Yang Yaqian, et al. Entrepreneurial Theories: A Review and Prospects[J]. Foreign Economics & Management, 2019, 41(12): 94-111.