Understanding the Microfoundations of Entrepreneurial Ecosystems: Toward a Value-Based Method and Theory

Despite the progress made by scholars, empirically investigating entrepreneurial ecosystems (EEs) remains problematic because of inherent complexities and nonlinearities interactions among EE actors. The research to date has shown a tendency focus on macrolevel ecosystem dynamics while neglecting microfoundations EEs. We contend that this negligence is due lack appropriate methodologies can capture through systemic value-based perspective. To fill gap, in article, we propose novel methodological approach, value system method, which enables framing EEs critical causal interdependences between key actors’ business models foster value-exchange processes. Finally, study provides set policy implications for fostering understanding toward method theory.