Entrepreneurship Amid Concurrent Institutional Constraints in Less Developed Countries

Published on Sep 1, 2016in Business & Society5.01
· DOI :10.1177/0007650314567641
Theodore A. Khoury8
Estimated H-index: 8
(PSU: Portland State University),
Ajnesh Prasad12
Estimated H-index: 12
(Tec: Monterrey Institute of Technology and Higher Education)
To encourage new research on the role of institutions in the entrepreneurial process in less developed countries (LDCs), the authors propose a conceptual framework to investigate concurrent institutional constraints. The authors define these constraints as geopolitical contexts that encounter simultaneous challenges to well functioning formal and informal institutions. Systems of stronger institutions compensating for weaker institutions are hampered in these settings and such systems weigh heavier on local entrepreneurs and further challenge their ability to mobilize resources and access market opportunities. By investigating the extreme operating conditions of these settings, scholars gain a deeper understanding of how entrepreneurs confront operational dilemmas and express agency through engaging with bricolage and cultural entrepreneurship. To animate these proposals, the authors consider a case illustration of a venture operating under such constraints.
  • References (58)
  • Citations (27)
Published on Mar 1, 2015in Journal of Management9.06
Theodore A. Khoury8
Estimated H-index: 8
(PSU: Portland State University),
Marc Junkunc7
Estimated H-index: 7
(VT: Virginia Tech),
Santiago Mingo5
Estimated H-index: 5
(UAI: Adolfo Ibáñez University)
With emphasis on a venture’s institutional environment and its stage of development, the authors develop theory to explain how the quality of a nation’s legal system and the level of political hazards affect venture capital (VC) investment strategies in developing countries. The data set consists of 433 VC investment transaction rounds occurring in 13 Latin American countries over the period 1995 to 2003. Different from previous research on the likelihood of investment occurrence, the authors co...
Published on Dec 1, 2014in Scandinavian Journal of Management1.42
Ajnesh Prasad12
Estimated H-index: 12
(Tec: Monterrey Institute of Technology and Higher Education)
Summary In this article, I document a problematic ethnographic encounter that I experienced while conducting fieldwork in the neo-colonized space of the Occupied Palestinian Territories. Through reflexivity, I describe how the encounter begins to illuminate the surfacing of prejudices that were originally enacted by oppressive neo-colonial structures but which I had come to discursively accept against the communities and the peoples that were to become the subjects of my ethnographic study. As I...
Published on Aug 1, 2014in Global Strategy Journal2.73
Theodore A. Khoury8
Estimated H-index: 8
(PSU: Portland State University),
Alvaro Cuervo-Cazurra32
Estimated H-index: 32
(NU: Northeastern University),
Luis Alfonso Dau9
Estimated H-index: 9
(NU: Northeastern University)
We analyze how the quality of intellectual property rights (IPR) protection in developing countries impacts patent applications. We extend institutional economics to propose that firms vary in their interpretation of institutions, specifically arguing that foreign and domestic inventors respond to different institutional signals because of their different positions as institutional outsiders and insiders. Thus, we propose that foreign inventors, as institutional outsiders, respond more positivel...
Published on Feb 1, 2014in Human Relations3.37
Ajnesh Prasad12
Estimated H-index: 12
The purpose of this article is to situate the nexus between reflexivity and fieldwork through autoethnographic analysis. Specifically, drawing on psychoanalytic and postcolonial thought, this article utilizes introspective data from field research conducted in the occupied Palestinian territories to explore how Qalandiya – a neo-colonial militarized border crossing between Jerusalem, Israel and the West Bank’s twin cities of Ramallah and al-Bireh – came to significantly alter the researcher’s co...
Published on Jan 1, 2014
C. K. Prahalad40
Estimated H-index: 40
What, if anything, can capitalism do for the poorest people in the world? Or, are the poor by definition to be excluded from the ambit of the free enterprise system? Can there be such a thing as ‘inclusive capitalism?’ It is in an attempt to answer questions such as these that C K Prahalad began to wonder if there were other solutions (than those that had already been attempted by both governmental and non-governmental bodies) to the persistence of poverty in the modern world. When Prahalad bega...
Published on Dec 1, 2013in Business & Society5.01
Ana Maria Peredo15
Estimated H-index: 15
(UVic: University of Victoria),
Murdith McLean4
Estimated H-index: 4
(UVic: University of Victoria)
We use a critical discussion of contributions by Karl Polanyi and Robert Heilbroner to argue that thinking about entrepreneurship as a potential instrument of relief from endemic poverty and disadvantage, especially amongst the indigenous, has all too often been captive to a concept of entrepreneurship that is built out of constrained economic and cultural assumptions. The result is that approaches to venture have been encouraged that are sometimes a poor fit for the circumstances of those they ...
Published on Sep 1, 2012in Business & Society5.01
Mike Valente4
Estimated H-index: 4
Although scholars agree that local context is critical in a firm’s commitment to sustainable development, questions remain about how this context plays a role in achieving simultaneous goals of sustainable community development and firm strategic success. By sampling two groups of firms differentiated according to their adoption of a weak or strong orientation to sustainable development, this author searched for relevant explanations from the local context that help to answer this very question....
Published on Aug 1, 2012in Academy of Management Journal7.19
Johanna Mair27
Estimated H-index: 27
(Stanford University),
Ignasi Martí9
Estimated H-index: 9
(EMLYON Business School),
Marc Ventresca23
Estimated H-index: 23
(University of Oxford)
Much effort goes into building markets as a tool for economic and social development, often overlooking that in too many places social exclusion and poverty prevent many, especially women, from participating in and accessing markets. Building on data from rural Bangladesh and analyzing the work of a prominent intermediary organization, we uncover institutional voids as the source of market exclusion and identify two sets of activities – redefining market architecture and legitimating new actors ...
Published on Jun 1, 2012in Journal of International Business Studies7.72
Majid Abdi1
Estimated H-index: 1
(Northumbria University),
Preet S. Aulakh24
Estimated H-index: 24
(York University)
Interfirm relationships among partners from institutionally distant environments are subject to governance difficulties, owing to the paucity of shared cognitive and regulatory frameworks. We examine the potential of formal contracting and relational governance developed at the partnership level to overcome the formal and informal institutional gap at the country level. Empirical results from a sample of 184 international partnerships of large US firms support an overall substitutive relationshi...
Published on Jun 1, 2012in Journal of Management Studies5.84
Gerard H. Gaynor45
Estimated H-index: 45
(Imperial College London),
Anita M. McGahan33
Estimated H-index: 33
(U of T: University of Toronto),
Jaideep Prabhu19
Estimated H-index: 19
(University of Cambridge)
Inclusive innovation, which we define as innovation that benefits the disenfranchised, is a process as well as a performance outcome. Consideration of inclusive innovation points to inequalities that may arise in the development and commercialization of innovations, and also acknowledges the inequalities that may occur as a result of value creation and capture. We outline opportunities for the development of theory and empirical research around this construct in the fields of entrepreneurship, s...
Cited By27
Published on Sep 16, 2019in Asia Pacific Journal of Management2.74
Feng Zhang (NKU: Nankai University), Haina Zhang (Aberd.: University of Aberdeen), Geoffrey G. Bell9
Estimated H-index: 9
(UMN: University of Minnesota)
This study draws on the institutional void and institutional support perspectives to examine the contingent effect of institutional environments on the relationship between corporate religiosity and individual entrepreneurial activity in the context of emerging markets. We employ a composite dataset that covers 7109 individuals in 69 major cities across 25 provinces in China. Our study provides convincing evidence that individuals with strong corporate religiosity may be disinclined to conduct e...
Published on Jul 10, 2019in Journal of Management Inquiry1.99
Anton Klarin1
Estimated H-index: 1
(ECU: Edith Cowan University),
Rifat Sharmelly (UConn: University of Connecticut)
Published on Sep 13, 2017in Journal of Business Ethics3.80
Farzad Haider Alvi1
Estimated H-index: 1
(York University),
Ajnesh Prasad12
Estimated H-index: 12
(Tec: Monterrey Institute of Technology and Higher Education),
Paulina Segarra2
Estimated H-index: 2
(Tec: Monterrey Institute of Technology and Higher Education)
This article underscores the need for entrepreneurship research in extreme contexts to conceptualize the idiosyncrasies of the geopolitical dynamics under which entrepreneurs operate, and to consider the ethical implications emanating thereof. Undertaking such a task will illuminate the contextual challenges that local entrepreneurs must routinely placate, or otherwise navigate, to survive. Drawing on rich qualitative data from the Occupied Palestinian Territory of the West Bank, this paper demo...
Published on May 31, 2019in Asia Pacific Journal of Management2.74
Joshua K Ault3
Estimated H-index: 3
(ASU: Arizona State University),
Andrew Spicer10
Estimated H-index: 10
(USC: University of South Carolina)
While the international entrepreneurship literature has begun to expand its scope to include the world’s poorest and least-developed countries, it has not yet reached a consensus about how to conceptualize and measure the relevant cross-national differences that shape the wide range of entrepreneurial activities across the developing world. To address this gap, we explore the potential contribution of the multi-dimensional construct of “state fragility,” as developed in related fields, as an ori...
Published on Jun 9, 2019in AlterNative
Cle-Anne Gabriel3
Estimated H-index: 3
(UQ: University of Queensland),
Samira Nazar (UQ: University of Queensland)+ 1 AuthorsJodyanne Kirkwood12
Estimated H-index: 12
(Otago Polytechnic)
Published on Apr 21, 2019in Industry and Innovation3.16
Elsie Khakasa Onsongo1
Estimated H-index: 1
(EUR: Erasmus University Rotterdam),
Elsie Onsongo2
Estimated H-index: 2
(EUR: Erasmus University Rotterdam)
This paper explores the agency of multinational corporations that perform social innovation under conditions of institutional complexity and resource constraints. Insights are drawn from a case study of Vodafone Group Plc and Safaricom Kenya Ltd that engaged in mobile money innovation in Kenya. The paper identifies three types of institutional voids that entrepreneurs can exploit to implement a social innovation: market, policy and social voids. Legitimating the social innovation involves appeal...
Published on Mar 3, 2019in Entrepreneurship Theory and Practice6.19
Justin W. Webb28
Estimated H-index: 28
(UNCC: University of North Carolina at Charlotte),
Justin W. Webb (UNCC: University of North Carolina at Charlotte)+ 0 AuthorsMichael A. Hitt95
Estimated H-index: 95
(A&M: Texas A&M University)
Building new space for institutional theory, we propose how the severity of formal and informal institutional voids shapes the productivity of entrepreneurial activities within society. Our theory makes the key assumptions that voids can exist in both formal and informal institutions and that they are capable of hindering entrepreneurial behavior that is favorable to development progress. We extend new theoretical domains by conceptualizing informal institutional voids and proposing how both for...
Published on Feb 4, 2019in Social Enterprise Journal
Craig A. Talmage5
Estimated H-index: 5
(Hobart and William Smith Colleges),
Jocelyn R. Bell (Hobart and William Smith Colleges), Gheorghe Dragomir (Hobart and William Smith Colleges)
Purpose This paper aims to extend social entrepreneurship theory by investigating the darker sides of innovation and enterprise. Entrepreneurship and social entrepreneurship theories regarding shifting equilibriums are considered alongside other traditions. This research presents how individuals see enterprises as dark and light and discusses how such perceptions are important to building emerging theories of light and dark social entrepreneurship. Design/methodology/approach The study uses a su...
View next paperEntrepreneurship in and around institutional voids: A case study from Bangladesh