While often ignored within the management literature, the nature of property rights and the evolution thereof have substantive implications for both entrepreneurial action and the social and economic outcomes of market systems. Building on the work on institutional voids, we present a dynamic model of property rights entrepreneurship that outlines how entrepreneurs respond to property rights voids through the alteration of property rights regimes. Our model illustrates how property rights voids are engendered by contextual dynamics, and outlines strategies and a set of enabling conditions that facilitate entrepreneurial action on property rights. In addition to presenting a model of property rights entrepreneurship, our analysis highlights the pervasiveness of entrepreneurs’ property rights actions, the importance of technology in property rights evolution, and the potential social, economic, and ecological impacts of the phenomenon.
