Venturing into the Unknown: A Meta-Analytic Assessment of Uncertainty in Entrepreneurship Research

Abstract

Uncertainty exists within a small constellation of core constructs that are central to the study of entrepreneurship. And yet, despite the common agreement and consensus that uncertainty plays a central role in entrepreneurship theory and research, there are important unresolved debates around several key questions including conflicting views on the nature of uncertainty (i.e., objective versus subjective uncertainty), the relationship between uncertainty and different types of entrepreneurial action (i.e., innovation, adaptation, and uncertainty bearing), and the complex relationships among uncertainty, entrepreneurial action, and organizational performance. The purpose of this study is to examine the body of empirical evidence in the field of entrepreneurship through the use of meta-analysis and meta-structural equation modeling in order to take steps towards disentangling the multilevel and multidimensional relationship among uncertainty, entrepreneurial action, and the fate of entrepreneurial ventures, thereby contributing to future theory development in the field of entrepreneurship.

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