Poverty and the varieties of entrepreneurship in the pursuit of prosperity

Kimmitt, Jonathan, Muñoz, Pablo and Newbery, Robert
(2020) Poverty and the varieties of entrepreneurship in the pursuit of prosperity. Journal of Business Venturing, 35 (4).

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In this paper, we revisit the entrepreneurship and poverty relationship under a eudaimonic perspective that brings together conversion factors, prospective prosperity and goal-oriented actions. Based on an fsQCA of changes in life circumstances of 166 farming entrepreneurs in rural Kenya, we explore how different combinations of conversion factors enable distinct forms of entrepreneurship in the pursuit of life goals and expectations of a better tomorrow. Results show that strong entrepreneurship-enabled future prosperity expectations result from three combinations of enabling conversion factors shaping up three varieties of entrepreneurial activity in resource-constrained contexts: family-frugal, individual-market, and family-inwards entrepreneurship, which show a much more diverse and counterintuitive reality. Our research contributes to literature by revealing and theorizing on a split picture portraying the many ways in which everyday entrepreneurs exploit real opportunities in seemingly identical resource constrained communities. It also reveals a central disconnect between entrepreneurship, life-satisfaction and financial improvements when assessed against expectations of future prosperity. In doing so, this paper responds to calls for a better understanding of the processes whereby entrepreneurship can distinctively improve current and future life circumstances, and the many ways in which this may happen.

Item Type: Article
Uncontrolled Keywords: Poverty alleviation, future prosperity expectations, conversion factors, fsQCA, Human development, Farming entepreneurship, Resource-constrained contexts, Kenya
Depositing User: Symplectic Admin
Date Deposited: 24 May 2019 11:07
Last Modified: 29 Jul 2022 15:11
DOI: 10.1016/j.jbusvent.2019.05.003
Related URLs:
URI: https://livrepository.liverpool.ac.uk/id/eprint/3042289