Table of Contents

Handbook of Entrepreneurship and Sustainable Development Research

Handbook of Entrepreneurship and Sustainable Development Research

Research Handbooks in Business and Management series

Edited by Paula Kyrö

Allying and expanding the diverse fields of entrepreneurship and sustainable development research is a modern day imperative. This Handbook paints an illuminating picture of the historic and current understanding of the bond between entrepreneurship and sustainable development. The authors explore the basic contradictions between the two fields and outline the transformative role entrepreneurship can play in achieving sustainable development. More than 50 expert researchers and their research communities from 16 countries across Europe, Africa, Australia, North America, and the Middle East provide original and informative contributions on a variety of issues, from women’s empowerment to climate change and organic farmers to ecotourism.

Chapter 3: Socially sustainable entrepreneurship: a case of entrepreneurial practice in social change and stability

Toke Bjerregaard and Jakob Lauring

Subjects: business and management, entrepreneurship, development studies, development economics, economics and finance, development economics

Extract

Sustainable entrepreneurship is attracting increasing attention in the entrepreneurship literature. In the present chapter we illuminate how small business entrepreneurs engage in activities of importance for social sustainability and development as they undertake entrepreneurial ventures. This chapter thus examines how small-scale entrepreneurial venturing in a developing country contributes to both sustaining and changing societal structures. Poor people’s participation in markets are in many developing countries restricted by ‘institutional voids’ (Mair and Marti, 2009). In contexts characterized by institutional voids, institutions that support markets are absent or malfunction (Khanna and Palepu, 1997). Extant research primarily differentiates between three types of institutional voids, namely voids that restrict market creation, obstruct market functioning and impede market participation (Mair and Marti, 2009). Voids that impede market creation may comprise weak or absent governance structures, property rights and the rule of law (Mair et al., 2007). Developing countries characterized by institutional voids often lack formal institutions that support market functioning. However, weak formal rules and institutions do not imply an absence of informal, social or cultural-cognitive institutions and norms (Bohannan and Dalton, 1965; Moore, 1978). Developing countries may be characterized by formal institutional voids but may be rich in informal institutions, traditions, customary practices and beliefs which are believed to often impede social and economic development by restricting people from access to the market (Mair and Marti, 2009).

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