Recursive links affecting the dynamics of new-venture emergence

Cogliser and Stambaugh (this volume) and Jaussi (this volume) provided valuable thoughts regarding the multi-level process view of new-venture emergence that we developed elsewhere in this volume. The current response to their suggestions focuses on two underlying themes that emerged from their commentaries. The first theme explores the existence of recursive links between the micro and macro levels of analysis during the new-venture emergence process. The second theme highlights the importance of understanding the underlying processes that may recursively affect venture organization at each level of analysis. Finally, this response reiterates our belief in the fruitful pursuit of studying new-venture emergence as an evolutionary process involving multiple levels of analysis.