Research Handbook on Entrepreneurship in Emerging Economies
Show Less

Research Handbook on Entrepreneurship in Emerging Economies

A Contextualized Approach

Edited by Paresha Sinha, Jenny Gibb, Michèle Akoorie and Jonathan M. Scott

This Research Handbook offers contextualized perspectives on entrepreneurship in emerging economies. Emphasizing how national context profoundly shapes incentives for entrepreneurial efforts, chapters dissect the opportunities emerging from various institutions and social practices from the Middle East, North and Sub-Saharan Africa, Asia and Latin America. This Handbook is an ideal guide for researchers working on emerging economies, particularly those with an interest in global entrepreneurship.
Buy Book in Print
Show Summary Details
You do not have access to this content

Chapter 18: Entrepreneurial resilience in turbulent environments: the role of spiritual capital

Oluwaseun Kolade, Abiodun Egbetokun, David Rae and Javed Hussain


Increasingly, businesses in the 21st century have to grapple with the challenges of operating in turbulent environments characterized by market volatility, political instability, and terrorism. Recently, a new interest has emerged in the role of spiritual capital – that is, the set of personal, intangible, and transcendent resources that emanate from an individual’s spiritual or religious beliefs and experiences and that may be used in economic activity. Spiritual capital is especially relevant in sub-Saharan Africa where there are greater institutional voids, and religion and spirituality play a dominant role in society. This chapter proposes a conceptual framework that interrogates and integrates the relationships between spiritual capital, environmental turbulence, entrepreneurial resilience and firm survival. Finally, we test this theoretical model in an empirical study of 306 SMEs in Nigeria. The results of the hierarchical regression model indicate that faith beliefs have significant impact on entrepreneurial resilience, but prayer and worship do not.

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information

or login to access all content.