A meta-analytic review of effectuation and venture performance

Stuart Read, Michael Song and Willem Smit

Journal of Business Venturing, 2009, vol. 24, issue 6, pages 573-587

Abstract: Though much research in entrepreneurship makes the fundamental assumption that opportunities are found, new work is emerging which questions this core tenet. Effectuation, for example, positions the entrepreneur as co-creator of opportunities, together with committed stakeholders. In this study, we conduct a meta-analysis of the articles published in the Journal of Business Venturing, summarizing data on 9897 new ventures to connect three of the principles of effectuation positively with new venture performance. In so doing, we offer both specific insight into precisely measuring effectuation and a general method for extracting variables from prior work to measure new constructs.

Keywords: Effectuation; Discovery; Creation; Performance; Meta-analysis (search for similar items in EconPapers)
Date: 2009

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Persistent link: http://EconPapers.repec.org/RePEc:eee:jbvent:v:24:y:2009:i:6:p:573-587

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