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Research on entrepreneurship in the informal economy: Framing a research agenda

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  • Webb, Justin W.
  • Bruton, Garry D.
  • Tihanyi, Laszlo
  • Ireland, R. Duane
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    Abstract

    The informal economy consists of economic activities that occur outside of formal institutional boundaries but which remain within informal institutional boundaries for large segments of society. We draw from diverse disciplines to frame research concerning entrepreneurship in the informal economy around three separate theories: institutional theory, motivation-related theories from a sociological perspective, and resource allocation theory. Each of these theories provides a complementary lens through which to examine the incentives, constraints, motivations, strategies, and abilities of entrepreneurs to operate and grow their ventures in the informal economy. Employing these theoretical perspectives facilitates efforts to highlight the breadth of informal economy research in different domains and lays foundations for future entrepreneurship research.

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    File URL: http://www.sciencedirect.com/science/article/pii/S0883902612000687
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    Bibliographic Info

    Article provided by Elsevier in its journal Journal of Business Venturing.

    Volume (Year): 28 (2013)
    Issue (Month): 5 ()
    Pages: 598-614

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    Handle: RePEc:eee:jbvent:v:28:y:2013:i:5:p:598-614

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    Web page: http://www.elsevier.com/locate/jbusvent

    Related research

    Keywords: Informal economy; Institutional theory; Motivation; Resource allocation;

    References

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    4. repec:sae:ecolab:v:16:y:2006:i:2:p:1-2 is not listed on IDEAS
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    Cited by:
    1. Morgan, Horatio M., 2013. "Entrepreneurship in the Informal Economy of Latin America and the Caribbean: A conceptual model of the finance-performance nexus," MPRA Paper 49856, University Library of Munich, Germany.
    2. Hearn, Bruce, 2014. "The impact of institutions, ownership structure, business angels, venture capital and lead managers on IPO firm underpricing across North Africa," Journal of Multinational Financial Management, Elsevier, vol. 24(C), pages 19-42.

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