Entrepreneurial aspirations and poverty reduction: the role of institutional context

Sanjay Goel, Ranjan Karri

Research output: Contribution to journalArticle

1 Citation (Scopus)

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.

Original languageEnglish (US)
Pages (from-to)91-111
Number of pages21
JournalEntrepreneurship and Regional Development
Volume32
Issue number1-2
DOIs
StatePublished - Jan 1 2020

Fingerprint

Institutional context
Poverty reduction
Aspiration
Rigidity
Resources
Policy implications
Subjective value
Entrepreneurs
Win-win
Entrepreneurship
Institutional theory
Owners
Poverty
Entrepreneurial opportunity
Regional development
Regional disparities
Conceptual model

Keywords

  • Institutional theory
  • aspirations
  • entrepreneurial actions
  • poverty alleviation

Cite this

Entrepreneurial aspirations and poverty reduction : the role of institutional context. / Goel, Sanjay; Karri, Ranjan.

In: Entrepreneurship and Regional Development, Vol. 32, No. 1-2, 01.01.2020, p. 91-111.

Research output: Contribution to journalArticle

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