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Entrepreneurial aspirations and poverty reduction: the role of institutional context

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  • Sanjay Goel
  • Ranjan Karri

Abstract

Integrating insights from institutional theory and a subjectivist view of entrepreneurial action, we developed a conceptual model of poverty reduction in the context of institutional rigidities and institutional contradictions through their influence on aspirations. Based on the ‘subjective’ stream of entrepreneurship, our model portrays institutional rigidities and contradictions moderating the influence of aspirations on entrepreneurial action by affecting the subjective value that potential entrepreneurs place on their resources. Because the value of resources is subjective in our exposition, our model suggests specific institutional configurations where a change in aspirations among the poor may provide them with unique insights to exploit entrepreneurial opportunities visible only to them. Our ‘poor-as-owners’ model can be contrasted with interventionist approaches to poverty reduction, which are aimed at creating win-win entrepreneurial models between the poor and the non-poor. Several policy implications can be derived from our paper that may be more effective in achieving regional development and reducing regional disparities that arise from a higher incidence of poverty.

Suggested Citation

  • Sanjay Goel & Ranjan Karri, 2020. "Entrepreneurial aspirations and poverty reduction: the role of institutional context," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 32(1-2), pages 91-111, January.
    • Handle: RePEc:taf:entreg:v:32:y:2020:i:1-2:p:91-111
    DOI: 10.1080/08985626.2019.1640484
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    Cited by:

    1. Naegels, Vanessa & Mori, Neema & D'Espallier, Bert, 2022. "The process of female borrower discouragement," Emerging Markets Review, Elsevier, vol. 50(C).
    2. Kumar, Avinash & Kumra, Rajeev & Singh, Ramendra, 2022. "Base of the pyramid producers’ constraints: An integrated review and research agenda," Journal of Business Research, Elsevier, vol. 140(C), pages 115-129.
    3. Vijaya Kumar Murty & Sukarmina Singh Shankar, 2020. "Towards a Scalable Architecture for Smart Villages: The Discovery Phase," Sustainability, MDPI, vol. 12(18), pages 1-16, September.
    4. Yassine Bakkar & Susanne Durst & Wolfgang Gerstlberger, 2021. "The Impact of Institutional Dimensions on Entrepreneurial Intentions of Students—International Evidence," JRFM, MDPI, vol. 14(4), pages 1-23, April.
    5. Soluk, Jonas & Kammerlander, Nadine & Darwin, Solomon, 2021. "Digital entrepreneurship in developing countries: The role of institutional voids," Technological Forecasting and Social Change, Elsevier, vol. 170(C).
    6. Granados, Maria L. & Rosli, Ainurul & Gotsi, Manto, 2022. "Staying poor: Unpacking the process of barefoot institutional entrepreneurship failure," Journal of Business Venturing, Elsevier, vol. 37(3).

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