ACT I: Biological & Foundational Theories
1. The Great Man Theory of Entrepreneurship (1841)
Carlyle, T. (1841). On heroes, hero-worship, and the heroic in history. James Fraser.
Spector, B. A. (2016). Carlyle, Kahn, and the 'Great Man' theory of leadership.
Leadership, 12(2), 250–260.
https://doi.org/10.1177/1742715015571393
Bratton, J. (2020). Leadership: A critical text (3rd ed.). SAGE Publications.
2. Systems Theory and Entrepreneurship (1966)
Katz, D., & Kahn, R. L. (1966). The social psychology of organizations. Wiley.
Von Bertalanffy, L. (1968). General system theory: Foundations, development, applications. Braziller.
Boulding, K. E. (1956). General systems theory—The skeleton of science.
Management Science, 2(3), 197–208.
https://doi.org/10.1287/mnsc.2.3.197
3. Population Ecology and Entrepreneurship (1977)
Hannan, M. T., & Freeman, J. (1977). The population ecology of organizations.
American Journal of Sociology, 82(5), 929–964.
https://doi.org/10.1086/226424
Aldrich, H. E. (1979). Organizations and environments. Prentice-Hall.
Baum, J. A. C., & Singh, J. V. (1994). Evolutionary dynamics of organizations. Oxford University Press.
4. Niche Theory of Entrepreneurship (1978)
Freeman, J., & Hannan, M. T. (1983). Niche width and the dynamics of organizational populations.
American Journal of Sociology, 88(6), 1116–1145.
https://doi.org/10.1086/227797
Hutchinson, G. E. (1978). An introduction to population ecology. Yale University Press.
Popielarz, P. A., & McPherson, J. M. (1995). On the edge or in between: Niche position, niche overlap, and the duration of voluntary association memberships.
American Journal of Sociology, 101(3), 698–720.
https://doi.org/10.1086/230756
5. Resilience and Entrepreneurship (2014)
Bullough, A., Renko, M., & Myatt, T. (2014). Danger zone entrepreneurs: The importance of resilience and self–efficacy for entrepreneurial intentions.
Entrepreneurship Theory and Practice, 38(3), 473–499.
https://doi.org/10.1111/etap.12006
Ayala, J. C., & Manzano, G. (2014). The resilience of the entrepreneur. Influence on the success of the business. A longitudinal study.
Revista de Psicología del Trabajo y de las Organizaciones, 30(1), 7–13.
https://doi.org/10.5093/tr2014a1
Luthans, F., Youssef, C. M., & Avolio, B. J. (2007). Psychological capital: Developing the human competitive edge. Oxford University Press.
ACT II: Capability & Classical Theories
6. Ambiguity Tolerance and Entrepreneurship (1949)
Frenkel-Brunswik, E. (1949). Intolerance of ambiguity as an emotional and perceptual personality variable.
Journal of Personality, 18(1), 108–143.
https://doi.org/10.1111/j.1467-6494.1949.tb01236.x
Budner, S. (1962). Intolerance of ambiguity as a personality variable.
Journal of Personality, 30(1), 29–50.
https://doi.org/10.1111/j.1467-6494.1962.tb02303.x
McLain, D. L. (1993). The MSTAT-I: A new measure of an individual's tolerance for ambiguity.
Educational and Psychological Measurement, 53(1), 183–189.
https://doi.org/10.1177/0013164493053001020
7. Entrepreneurial Orientation (1983)
Miller, D. (1983). The correlates of entrepreneurship in three types of firms.
Management Science, 29(7), 770–791.
https://doi.org/10.1287/mnsc.29.7.770
Lumpkin, G. T., & Dess, G. G. (1996). Clarifying the entrepreneurial orientation construct and linking it to performance.
Academy of Management Review, 21(1), 135–172.
https://doi.org/10.2307/258632
Covin, J. G., & Slevin, D. P. (1989). Strategic management of small firms in hostile and benign environments.
Strategic Management Journal, 10(1), 75–87.
https://doi.org/10.1002/smj.4250100107
8. Jack of All Trades Theory of Entrepreneurship (2004)
Lazear, E. P. (2004). Entrepreneurship.
Journal of Labor Economics, 22(3), 649–680.
https://doi.org/10.1086/383104
Wagner, J. (2003). Testing Lazear's jack-of-all-trades view of entrepreneurship with German micro data.
Applied Economics Letters, 10(11), 687–689.
https://doi.org/10.1080/1350485032000133273
Silva, O. (2007). The Jack-of-all-trades entrepreneur: Innate talent or occupational choice?
Journal of Economic Behavior & Organization, 63(1), 118–133.
https://doi.org/10.1016/j.jebo.2006.02.001
9. Dynamic Capabilities Theory and Entrepreneurship (2007)
Teece, D. J. (2007). Explicating dynamic capabilities: The nature and microfoundations of (sustainable) enterprise performance.
Strategic Management Journal, 28(13), 1319–1350.
https://doi.org/10.1002/smj.640
Helfat, C. E., & Peteraf, M. A. (2003). The dynamic resource‐based view: Capability lifecycles.
Strategic Management Journal, 24(10), 997–1010.
https://doi.org/10.1002/smj.332
Zahra, S. A., Sapienza, H. J., & Davidsson, P. (2006). Entrepreneurship and dynamic capabilities: A review, model and research agenda.
Journal of Management Studies, 43(4), 917–955.
https://doi.org/10.1111/j.1467-6486.2006.00616.x
10. Risk-Bearing Theory of Entrepreneurship (1755)
Cantillon, R. (1755). Essai sur la nature du commerce en général. Fletcher Gyles.
Hébert, R. F., & Link, A. N. (1988). The entrepreneur: Mainstream views and radical critiques. Praeger.
Murphy, A. E. (1986). Richard Cantillon: Entrepreneur and economist. Oxford University Press.
11. Utility Theory of Entrepreneurship (1890)
Marshall, A. (1890). Principles of economics. Macmillan.
Douglas, E. J., & Shepherd, D. A. (2002). Self-employment as a career choice: Attitudes, entrepreneurial intentions, and utility maximization.
Entrepreneurship Theory and Practice, 26(3), 81–90.
https://doi.org/10.1177/104225870202600305
Lévesque, M., Shepherd, D. A., & Douglas, E. J. (2002). Employment or self-employment: A dynamic optimization model.
Journal of Business Venturing, 17(3), 189–210.
https://doi.org/10.1016/S0883-9026(00)00054-1
ACT III: Cognitive & Behavioral Theories
12. Experiential Learning and Entrepreneurship (1984)
Kolb, D. A. (1984). Experiential learning: Experience as the source of learning and development. Prentice-Hall.
Politis, D. J. (2005). The process of entrepreneurial learning: A conceptual framework.
Entrepreneurship Theory and Practice, 29(4), 399–424.
https://doi.org/10.1111/j.1540-6520.2005.00091.x
Corbett, A. C. (2005). Experiential learning and the process of entrepreneurship.
Entrepreneurship Theory and Practice, 29(4), 473–491.
https://doi.org/10.1111/j.1540-6520.2005.00094.x
13. Planned Behavior Theory and Entrepreneurship (1991)
Ajzen, I. (1991). The theory of planned behavior.
Organizational Behavior and Human Decision Processes, 50(2), 179–211.
https://doi.org/10.1016/0749-5978(91)90020-T
Krueger, N. F., & Carsrud, A. L. (1993). Entrepreneurial intentions: Applying the theory of planned behaviour.
Entrepreneurship & Regional Development, 5(4), 315–330.
https://doi.org/10.1080/08985629300000020
Kolvereid, L. (1996). Prediction of employment status choice intentions.
Entrepreneurship Theory and Practice, 21(1), 47–58.
https://doi.org/10.1177/104225879602100104
14. Hubris Theory of Entrepreneurship (2006)
Roll, R. (1986). The hubris hypothesis of corporate takeovers.
The Journal of Business, 59(2), 197–216.
https://doi.org/10.1086/296325
Hayward, M. L., Shepherd, D. A., & Griffin, D. (2006). A hubris theory of entrepreneurship.
Management Science, 52(2), 160–172.
https://doi.org/10.1287/mnsc.1050.0483
Hiller, N. J., & Hambrick, D. C. (2005). Conceptualizing executive hubris: The role of self-esteem and self-efficacy.
Strategic Management Journal, 26(4), 297–319.
https://doi.org/10.1002/smj.455
15. Attribution Theory and Entrepreneurship (2017)
Weiner, B. (1985). An attributional theory of achievement motivation and emotion.
Psychological Review, 92(4), 548–573.
https://doi.org/10.1037/0033-295X.92.4.548
Shaver, K. G., & Scott, L. R. (1991). Person, process, choice: The psychology of new venture creation.
Entrepreneurship Theory and Practice, 16(2), 23–45.
https://doi.org/10.1177/104225879201600204
Gatewood, E. J., Shaver, K. G., & Gartner, W. B. (1995). A longitudinal study of cognitive factors influencing start-up behaviors and success at venture creation.
Journal of Business Venturing, 10(5), 371–391.
https://doi.org/10.1016/0883-9026(95)00035-7
16. Prospect Theory and Entrepreneurship (2017)
Kahneman, D., & Tversky, A. (1979). Prospect theory: An analysis of decision under risk.
Econometrica, 47(2), 263–291.
https://doi.org/10.2307/1914185
Barberis, N. C. (2013). Thirty years of prospect theory in economics: A review and assessment.
Journal of Economic Perspectives, 27(1), 173–196.
https://doi.org/10.1257/jep.27.1.173
Tversky, A., & Kahneman, D. (1992). Advances in prospect theory: Cumulative representation of uncertainty.
Journal of Risk and Uncertainty, 5(4), 297–323.
https://doi.org/10.1007/BF00122574
17. Entrepreneurial Alertness Theory (2019)
Kirzner, I. M. (1973). Competition and entrepreneurship. University of Chicago Press.
Gaglio, C. M., & Katz, J. A. (2001). The psychological basis of opportunity identification: Entrepreneurial alertness.
Small Business Economics, 16(2), 95–111.
https://doi.org/10.1023/A:1011132102464
McMullen, J. S., & Shepherd, D. A. (2006). Entrepreneurial action and the role of uncertainty in the theory of the entrepreneur.
Academy of Management Review, 31(1), 132–152.
https://doi.org/10.5465/amr.2006.19379628
ACT IV: Controversial & Social Theories
18. X-Efficiency Theory of Entrepreneurship (1966)
Leibenstein, H. (1966). Allocative efficiency vs. "X-efficiency." The American Economic Review, 56(3), 392–415.
Leibenstein, H. (1968). Entrepreneurship and development. The American Economic Review, 58(2), 72–83.
Frantz, R. S. (1988). X-efficiency: Theory, evidence and applications. Kluwer Academic Publishers.
19. Achievement Motivation Theory of Entrepreneurship (1967)
McClelland, D. C. (1967). The achieving society. Free Press.
Collins, C. J., Hanges, P. J., & Locke, E. A. (2004). The relationship of achievement motivation to entrepreneurial behavior: A meta-analysis.
Human Performance, 17(1), 95–117.
https://doi.org/10.1207/S15327043HUP1701_6
Hansemark, O. C. (2003). Need for achievement, locus of control and the prediction of business start-ups: A longitudinal study.
Journal of Economic Psychology, 24(3), 301–319.
https://doi.org/10.1016/S0167-4870(02)00188-5
20. Social Capital Theory and Entrepreneurship (1969)
Nahapiet, J., & Ghoshal, S. (1998). Social capital, intellectual capital, and the organizational advantage.
Academy of Management Review, 23(2), 242–266.
https://doi.org/10.2307/259373
Adler, P. S., & Kwon, S. W. (2002). Social capital: Prospects for a new concept.
Academy of Management Review, 27(1), 17–40.
https://doi.org/10.2307/4134367
Putnam, R. D. (2000). Bowling alone: The collapse and revival of American community. Simon & Schuster.
21. Liquidity Constraint Theory of Entrepreneurship (1989)
Evans, D. S., & Jovanovic, B. (1989). An estimated model of entrepreneurial choice under liquidity constraints.
Journal of Political Economy, 97(4), 808–827.
https://doi.org/10.1086/261629
Holtz-Eakin, D., Joulfaian, D., & Rosen, H. S. (1994). Sticking it out: Entrepreneurial survival and liquidity constraints.
Journal of Political Economy, 102(1), 53–75.
https://doi.org/10.1086/261918
Blanchflower, D. G., & Oswald, A. J. (1998). What makes an entrepreneur?
Journal of Labor Economics, 16(1), 26–60.
https://doi.org/10.1086/209881
22. Agency Theory and Entrepreneurship (2019)
Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure.
Journal of Financial Economics, 3(4), 305–360.
https://doi.org/10.1016/0304-405X(76)90026-X
Eisenhardt, K. M. (1989). Agency theory: An assessment and review.
Academy of Management Review, 14(1), 57–74.
https://doi.org/10.2307/258191
Panda, B., & Leepsa, N. M. (2017). Agency theory: Review of theory and evidence on problems and perspectives.
Indian Journal of Corporate Governance, 10(1), 74–95.
https://doi.org/10.1177/0974686217701467
ACT V: Taxonomic & Modern Theories
23. Corporate Entrepreneurship (1997)
Guth, W. D., & Ginsberg, A. (1990). Guest editors' introduction: Corporate entrepreneurship. Strategic Management Journal, 11, 5–15.
Zahra, S. A. (1991). Predictors and financial outcomes of corporate entrepreneurship: An exploratory study.
Journal of Business Venturing, 6(4), 259–285.
https://doi.org/10.1016/0883-9026(91)90019-A
Sharma, P., & Chrisman, J. J. (1999). Toward a reconciliation of the definitional issues in the field of corporate entrepreneurship.
Entrepreneurship Theory and Practice, 23(3), 11–27.
https://doi.org/10.1177/104225879902300302
24. Lifestyle Entrepreneurship (2000)
Ateljevic, I., & Doorne, S. (2000). 'Staying within the fence': Lifestyle entrepreneurship in tourism.
Journal of Sustainable Tourism, 8(5), 378–392.
https://doi.org/10.1080/09669580008667374
Marchant, B., & Mottiar, Z. (2011). Understanding lifestyle entrepreneurs and digging beneath the issue of profits.
Tourism Planning & Development, 8(1), 3–14.
https://doi.org/10.1080/21568316.2011.554039
Henrekson, M., & Sanandaji, T. (2014). Small business activity does not measure entrepreneurship.
Proceedings of the National Academy of Sciences, 111(5), 1760–1765.
https://doi.org/10.1073/pnas.1307983111
25. Necessity and Opportunity Entrepreneurship (2002)
Reynolds, P. D., Camp, S. M., Bygrave, W. D., Autio, E., & Hay, M. (2002). Global Entrepreneurship Monitor: 2001 Summary Report. London Business School.
Acs, Z. J. (2006). How is entrepreneurship good for economic growth?
Innovations: Technology, Governance, Globalization, 1(1), 97–107.
https://doi.org/10.1162/itgg.2006.1.1.97
Block, J. H., & Wagner, M. (2010). Necessity and opportunity entrepreneurs in Germany: Characteristics and earnings differentials.
Schmalenbach Business Review, 62(2), 154–174.
https://doi.org/10.1007/BF03396803
26. Social Entrepreneurship (2017)
Dees, J. G. (1998). The meaning of social entrepreneurship. Duke University.
Mair, J., & Marti, I. (2006). Social entrepreneurship research: A source of explanation, prediction, and delight.
Journal of World Business, 41(1), 36–44.
https://doi.org/10.1016/j.jwb.2005.09.002
Austin, J., Stevenson, H., & Wei–Skillern, J. (2006). Social and commercial entrepreneurship: Same, different, or both?
Entrepreneurship Theory and Practice, 30(1), 1–22.
https://doi.org/10.1111/j.1540-6520.2006.00107.x
27. Zombie Firms Theory (2018)
Adalet McGowan, M., Andrews, D., & Millot, V. (2018). The walking dead? Zombie firms and productivity performance in OECD countries.
Economic Policy, 33(96), 685–736.
https://doi.org/10.1093/epolic/eiy012
Caballero, R. J., Hoshi, T., & Kashyap, A. K. (2008). Zombie lending and depressed restructuring in Japan.
American Economic Review, 98(5), 1943–1977.
https://doi.org/10.1257/aer.98.5.1943
Banerjee, R., & Hofmann, B. (2018). The rise of zombie firms: Causes and consequences. BIS Quarterly Review, 67–78.
28. Digital Entrepreneurship (2019)
Nambisan, S. (2017). Digital entrepreneurship: Toward a digital technology perspective of entrepreneurship.
Entrepreneurship Theory and Practice, 41(6), 1029–1055.
https://doi.org/10.1111/etap.12225
Hull, C. E., Cazier, J. A., & Yen, D. C. (2007). Taking advantage of digital opportunities: A typology of digital entrepreneurship.
International Journal of Networking and Virtual Organisations, 4(3), 290–303.
https://doi.org/10.1504/IJNVO.2007.015166
Zaheer, A., Wennberg, K., & George, G. (2019). Digital entrepreneurship: An interdisciplinary perspective. Journal of Business Venturing, 34(4).
29. Sustainable Entrepreneurship (2020)
Cohen, B., & Winn, M. I. (2007). Market imperfections, opportunity and sustainable entrepreneurship.
Journal of Business Venturing, 22(1), 29–49.
https://doi.org/10.1016/j.jbusvent.2004.12.001
Belz, F. M., & Binder, J. K. (2017). Sustainable entrepreneurship: A converged process model.
Business Strategy and the Environment, 26(1), 1–17.
https://doi.org/10.1002/bse.1887
Patzelt, H., & Shepherd, D. A. (2011). Recognizing sustainable development opportunities.
Entrepreneurship Theory and Practice, 35(4), 631–652.
https://doi.org/10.1111/j.1540-6520.2010.00413.x
30. Entrepreneurial Energy Theory (2024)
Stephan, U., Rauch, A., & Hatak, I. (2023). Happy-productive entrepreneurs: The roles of efficiency, energetics, and passion.
Journal of Business Venturing, 38(1).
https://doi.org/10.1016/j.jbusvent.2022.106266
Cardon, M. S., Glauser, M., & Murnieks, C. Y. (2017). Passion for what? Expanding the domains of entrepreneurial passion.
Journal of Business Venturing Insights, 8, 24–32.
https://doi.org/10.1016/j.jbvi.2017.05.004
Warnick, B. J., Murnieks, C. Y., McMullen, J. S., & Brooks, W. T. (2018). Passion and preparedness in entrepreneurs' business plan presentations.
Journal of Business Venturing, 33(3), 315–332.
https://doi.org/10.1016/j.jbusvent.2018.01.002