Entrepreneurial Activity Research Articles

Effectiveness of microfinancing on women’s entrepreneurial intentions through structural equation modeling in Balochistan, Pakistan

BACKGROUND: Women entrepreneurship holds a fundamental role in uplifting economies, by providing job opportunities, driving innovations, and alleviating poverty. This study focuses women entrepreneurial intentions in Balochistan Pakistan, where extreme poverty and limited women participation exist. Despite women’s informal, unregistered, and unrecognized status, they possess the potential for productivity and can play a vibrant role in economic activities. OBJECTIVES: This study aims to investigate the impact of microfinancing, risk, and opportunities on women entrepreneurial intentions in Balochistan, Pakistan. Therefore, it seeks to explore the mediating and moderating effects of opportunities and risk attitudes. The emphasis is on identifying women entrepreneurs who are risk-takers, planning to initiate businesses, and require initial funds. METHODS: This is an exploratory and descriptive study; based on primary data collection through survey from 280 women entrepreneurs in district Quetta of Balochistan, Pakistan. Snowball sampling was employed for cross-sectional data gathering, and empirically analyzed by PLS-SEM. RESULTS: The results exhibited positive and significant roles of microfinancing, opportunities, and risk attitudes in influencing women’s entrepreneurial intentions. The findings revealed the absence of financial assistance, which is the primary barrier for business startups and expansions. CONCLUSIONS: Findings recommend microfinancing stimulate women entrepreneurial activities; enhance risk-taking ability to explore more business opportunities. Microfinance institutions (MFIs) are advised to formulate improved strategies tailored for women’s entrepreneurial development in Balochistan, Pakistan.

Correlation between Administration and Business

The article notes that one of the main strategic directions of the economic policy of the state is the full support of entrepreneurial activity, the creation of the necessary legal framework for administration to ensure economic independence and equality of entrepreneurs. It indicates the leading role of administration in providing these tasks. It is argued that the administration and the state of business in the country are interconnected phenomena. The article analyzes the state of legal regulation of relations between the state and business from the theoretical and practical side. The reader’s attention is drawn to the ways of state influence on business entities in order to protect the interests of business in the country. It is noted about the special role of administrative law in achieving a balance of public (state) and private interests (business). The authors reveal in detail the permission as a method of administrative and legal regulation of entrepreneurship in the country and give legal examples, statistics, judicial practice and public opinion on this matter, as well as reveal the licensing system of the Republic of Uzbekistan in the field of entrepreneurship. It is noted that the merit of the legislation on administrative procedures in the legal regulation of relations between the state and business. The topic under study is consolidated by the analysis of leading scientists in the field of administrative law, the experience of leading foreign countries, as well as the results of a survey of entrepreneurs regarding the implementation of the Law on Administrative Procedures. The topic under study is consolidated by the analysis of leading scientists in the field of administrative law, the experience of leading foreign countries, as well as the results of a survey of entrepreneurs regarding the implementation of the Law on Administrative Procedures.

„სამეწარმეო არაფორმალური განათლების ეფექტიანობა და განვითარების შესაძლებლობები“ საქართველოს მაგალითზე

This article focuses on the issue of informal entrepreneurial education. Specifically, it aims to understand the perceptions and opinions of small and medium-sized entrepreneurs about informal education, the impact of the education received on entrepreneurs, and the areas where entrepreneurs need education and skill enhancement. The article is based on research on informal entrepreneurial education involving entrepreneurs from various regions of Georgia. Their activities are related to food, handmade items and accessories, traditional Georgian crafts, textiles, eco-friendly wooden products, beauty, and other industries. This research aims to deepen our understanding of the needs and challenges related to informal entrepreneurial education, such as the alignment of practice and theory in the real-world "here and now" context. The research findings reveal that entrepreneurs place significant importance on entrepreneurial education and emphasize its necessity. However, they also note that the duration of educational programs is often insufficient, and the content could be broader, making it easier to tailor specifically to their entrepreneurial activities. Additionally, terminological barriers are common, hindering content comprehension and assimilation. The research highlights the need for entrepreneurs to gain more practical experience and share the experiences of other entrepreneurs along with methodological knowledge. The research results can be related to the theories discussed in the works of American social psychologist Albert Bandura and can form the basis for renewed teaching approaches. The article emphasizes that entrepreneurship is a multifaceted phenomenon, and consequently, informal entrepreneurial education requires a comprehensive paradigm and appropriate educational methods based on practical teaching. Practicing entrepreneurs should be involved in the teaching process to share their real-world experiences, including both successes and failures.

Legal nature of the institution of insolvency of individuals

With the entry into force of the Code of Ukraine on Bankruptcy Procedures, the norms governing the recognition of a natural person as bankrupt began to apply to all natural persons, regardless of whether they have the status of an entrepreneur. This became a new stage in the history of the development of domestic insolvency (bankruptcy) law, since now the participants in the economic process are natural persons, whose debts are not related to the implementation of economic activity, and the court, in whose proceedings such a case is pending, can deal with legal relations, which were traditionally considered by general courts in civil proceedings. All this determines the need to clarify the legal nature of the institution of insolvency of natural persons. The purpose of the article is to clarify the legal nature of the institution of insolvency of individuals and the place of this institution in the legal system of Ukraine. The author considered the approaches that exist in legal science regarding the legal nature and place of the institution of insolvency of a natural person. It is emphasized that since the issues of bankruptcy and insolvency have historically always been in the scope of economic law and process, and the introduction of the possibility of declaring bankrupt individuals without such status, along with the bankruptcy of natural persons – entrepreneurs, does not mean the transfer of these legal relations to the sphere of civil law. Rather, the opposite is the case here - the spread of economic and legal norms to the peculiarities of legal regulation of the status of natural persons without the status of a subject of entrepreneurial activity. It is substantiated that during the time of its existence, commercial courts have demonstrated quality and efficiency in resolving commercial disputes, including developing an effective toolkit for considering bankruptcy cases, which is currently effectively used in the case of insolvency of individuals. The concentration of all disputes involving the debtor within the insolvency case of a natural person was analyzed. It was emphasized that from the moment of the opening of proceedings in the case of insolvency of an individual, all disputes arising regarding the latter’s property interests are decided by the commercial court.

The interplay of corporate entrepreneurship, knowledge acquisition, knowledge-based resources and SME performance

The role of interorganizational alliances in the linkage between corporate entrepreneurship (CE) and SME performance has been mostly ignored in the literature. This study aims to address this gap by recognizing how interorganizational alliances can contribute to sustaining entrepreneurial activities of companies based on knowledge-based view. The study deployed a sample of SME managers to examine whether acquiring knowledge from alliances among companies shapes the potential for wealth creation by CE activities. Through applying structural equation models (SEMs), the findings show that CE and the acquiring Knowledge generate positive influences on performance. Moreover, the research indicates that acquiring knowledge negatively impacts the connection between CE and performance, and this impact differs depending on the quantity of knowledge-related resources available to the companies. This article also sets out relevant implications for the theory and practice of CE.

Electronic auctions of seized property as a mechanism for ensuring the rights of participants in executive proceedings

The article is devoted to the study of the legal nature of electronic auctions of seized property as a mechanism for ensuring the rights of participants in executive proceedings. As part of the scientific research, the author reveals the legal nature of electronic auctions of seized property based on the analysis of their legal regulation, formulating conclusions about the role of this institution in the system of executive proceedings. The author emphasizes that electronic auctions as a special mechanism of enforcement proceedings must have a clear, consistent and unambiguous legal regulation in national legislation, since this type of activity directly affects the property rights of participants in enforcement proceedings, in particular, the right to private property, which is guaranteed to a person by the Ukrainian and international law. The article examines the legal nature of electronic trading through the prism of institutions of public electronic services and administrative services, as well as the institution of entrepreneurship. The author substantiated the conclusion that the researched institute is not a form of providing electronic or administrative services provided by the state at the request of a certain subject, nor can it be considered a separate type of entrepreneurial activity, given the multi-subject nature of the goal. The article concludes that electronic auctions of seized property by their legal nature belong to the category of measures of administrative influence on the participants of executive proceedings in terms of their property rights. This measure has an electronic legal form of forced alienation of property or property rights, which is used to ensure full, timely and legally executed decisions of courts and other bodies in executive proceedings. The role of the investigated institute is determined by the provision of a compensatory function in the enforcement proceedings, which guarantees the debt collector the acquisition of the right of ownership of the sum awarded by the court, through the forced sale of the property belonging to the debtor through electronic auctions.

Business model redesign through effectual action in times of crisis

ABSTRACT This paper explores why and how some small firms rapidly redesign their business models, while others wait for environmental turbulence to subside. Using multiple case studies, we analyzed changes made to 28 business models by 26 Australian firms, two months after the first COVID lockdown. We discover effectual action patterns utilized as firms redesigned their business models. Three key findings shed light on how effectuation drive entrepreneurial action, first we uncover how framing and entrepreneurial reframing plays a critical role in the contingency effectuation principle. Second our findings show that resources at hand is a necessary, but not sufficient condition for business model redesign. Third partnering, experimentation and affordable loss in combination is most strongly related to small firm business model innovation. Our proposed effectual action framework contributes to the effectuation literature, addressing calls to examine the underlying mechanisms and dynamics that explain effectual action and business model redesign.

Chance, probability, and uncertainty at the edge of human reasoning: What is Knightian uncertainty?

AbstractResearch SummaryFor more than a century, Frank Knight's Risk, Uncertainty, and Profit has significantly influenced entrepreneurship theory development by exploring the nature of uncertainty and the epistemic limits of entrepreneurial action. Knight's work highlights how economic actors cannot fully predict the consequences of their actions. Despite its broad influence, debates persist regarding the nature of Knightian uncertainty. This study addresses these debates through a comprehensive analysis of RUP and Knight's other published and unpublished writings to offer new insights into the nature and meaning of Knightian uncertainty, revealing Knight's holistic theory that integrates “real indeterminism,” “partial knowledge,” and “subjective beliefs.” This analysis provides much needed construct clarity to advance contemporary theories of entrepreneurial action and the role of uncertainty in business venturing processes.Managerial SummaryThis article revisits Frank Knight's foundational work, Risk, Uncertainty, and Profit, a cornerstone in entrepreneurship research for over a century. We highlight Knight's holistic approach to uncertainty, which integrates the concepts of real indeterminism (the inherent unpredictability of future events), partial knowledge (the incomplete understanding of the present and future), and subjective beliefs (individual perceptions and interpretations). The study offers new perspectives on how Knightian uncertainty influences entrepreneurial decision‐making and action, highlighting how this unique type of uncertainty plays a critical role in the business venturing process. These insights provide valuable contributions to contemporary theories of entrepreneurship, emphasizing the complexity and multifaceted nature of navigating uncertainty in business.

Evaluating the Impact of Home Economics Teachers' Entrepreneurial Activities on Family Economic Stability and Well-Being in Northeast Nigeria

This study examines the impact of entrepreneurial activities of Home Economics teachers on family economic stability and well-being in Northeast Nigeria. Home Economics, as a field, encompasses various disciplines such as nutrition, home management, and consumer education, aiming to improve the quality of life for individuals and families. In Northeast Nigeria, Home Economics teachers often engage in entrepreneurial activities, leveraging their expertise to supplement their income and enhance their families' economic stability. This study evaluates the extent to which these entrepreneurial endeavors contribute to family income, food security, and overall quality of life. Using a cross-sectional survey design, data were collected from Home Economics teachers across Adamawa, Bauchi, Borno, Gombe, Taraba, and Yobe states. A sample of 200 teachers was selected through multistage sampling. The study employed both descriptive and inferential statistics to analyze the data, including paired samples t-tests and W-statistics to test the hypotheses at a 0.05 level of significance. The findings reveal that entrepreneurial activities significantly enhance family economic stability and well-being. Teachers engaged in ventures such as catering, textile and fashion businesses, and home management consultancy experienced notable improvements in family income, food security, and overall quality of life. The study underscores the importance of supporting entrepreneurial initiatives among Home Economics teachers to foster economic resilience and social development in the region. The results provide valuable insights for policymakers, educators, and community leaders to integrate entrepreneurial education within the Home Economics curriculum, thereby promoting sustainable development in Northeast Nigeria.

Entrepreneurial Actions and Symbolic Interactions in the Emergence of a Market Category

Entrepreneurial Actions and Symbolic Interactions in the Emergence of a Market Category

Entrepreneurial Action is Rational Action: Toward a Unified Model of Entrepreneurial Rationality

Entrepreneurial Action is Rational Action: Toward a Unified Model of Entrepreneurial Rationality

Pengembangan Strategi Bisnis Pada UMKM Distro Penny Royaltea

Micro, Small, and Medium Enterprises (MSMEs) are a form of entrepreneurial activity that plays a vital role in economic development. The contribution of MSMEs to GDP is substantial and increases employment opportunities so that it can reduce the unemployment rate. Penny Royaltea is an MSME engaged in the fashion sector. This study aims to determine the most appropriate SWOT analysis strategy for the Penny Royaltea distro facing business competition. This purpose is to determine the SWOT analysis strategy of Penny Royaltea, to evaluate the MSME Penny Royaltea distro by analyzing Strengths, Weaknesses, Opportunities, and Threats, and to determine the right business strategy for developing the MSME Penny Royaltea distro business in Bandung City. This article aims to determine the internal and external conditions of the business and formulate business development strategies, especially for Penny Royaltea. The results show several strategies that Penny Royaltea can apply, such as conducting product research and innovation, Maximizing the use of technology for online promotion, Emphasizing point of differentiation (PoD) and unique selling points, and providing attractive offline marketing and offers. The results of this study provide managerial implications for Penny Royaltea in developing its business

A Country-Context Matrix on the Challenges of Female Entrepreneurial Activity

A Country-Context Matrix on the Challenges of Female Entrepreneurial Activity

Understanding the current backlash against LGBTIQ+ rights through the lens of heteroactivism: A case study of the International Organization for the Family’s transnational norm diffusion on Twitter

Abstract A new generation of transnational anti-gender actors are framing themselves as human rights champions and protectors of the rights of the “natural family”. To better understand these actors’ norm diffusion, including their re-styling of anti-gender narratives in contemporary iterations of heteroactivism and its potential threat to LGBTIQ+ rights, in this article we analyse the social media tactics of a key transnational anti-gender actor: the International Organization for the Family (IOF). The analysis is focused on the organisation’s Twitter (now X) account and we draw on theories of network media logic, connective action, and connective emotions. Two periods of activism – the first a low-intensity period in 2021 and the second a high-intensity period in 2022 – were purposefully selected for the analysis. In this article, we identify differences between the two periods, noting that the period covering the flagship event, the World Congress of Families (WCF) in 2022, was markedly less LGBTIQ-hostile and adversarial than the first period. IOF thus appears to be inspired by heteroactivist frames during the WCF and abides by logic that should trigger user interaction and content spreading. The lack of interactions and engagement with IOF Twitter content in either period indicates the need for more research on which logics apply to anti-gender audiences. We discuss the findings and what they may imply in a context like Sweden, a country whose self-image as a global champion for women’s and LGBTIQ+ rights may make it ill-equipped to counter the onslaught of transnational actors’ norm entrepreneurial activities.

Innovative Entrepreneurial Activity in Latin America and the Effect of External Environmental Shocks

Innovative Entrepreneurial Activity in Latin America and the Effect of External Environmental Shocks

Instagram as an External Enabler: The Roles and Mechanisms that Shape Entrepreneurial Activity

Instagram as an External Enabler: The Roles and Mechanisms that Shape Entrepreneurial Activity

Early-Stage Entrepreneurial Action in Makerspaces: The Habitats, The Inhabitants, The Social Impact

Early-Stage Entrepreneurial Action in Makerspaces: The Habitats, The Inhabitants, The Social Impact

Conceptualizing an Anthropological Approach to Entrepreneurial Action

Conceptualizing an Anthropological Approach to Entrepreneurial Action

Microfinance institutions and entrepreneurial activities in Awka south local government area: Evidence from physically challenged persons

Given the need for inclusivity in a bid to curtail multidimensional poverty, hunger, and inequality (as reflected in the Sustainable Development Goals (SDG) 1, 2, and 10 respectively) and in the face of struggles to achieve decent work and economic growth (SDG 8) as well as responsible consumption and production (SDG 12), the main objective of our paper was to determine how microfinance institutions (MFIs) contributed to entrepreneurial successes of physically-challenged persons residing in Awka South Local Government Area (LGA), Anambra, Nigeria. A sample was drawn from the physically challenged community operating business shops and enterprises in Awka South LGA, and descriptive survey research was employed. Copies of a structured questionnaire were distributed and collected on the spot based on the exponential discriminative snowball sampling. Responses were analyzed using pie charts, frequency distributions, and percentages, while the chi-square distribution test was used to test the hypotheses. Our major findings are that, apart from access to loans, the respondents were not aware of other services rendered by microfinance institutions and that they encountered difficulties in accessing credit facilities from MFIs sequel to protocols enshrined in their banking operations. This led to the conclusion that the contributions of microfinance institutions towards the growth of enterprises owned by physically-challenged entrepreneurs in Awka South LGA was suboptimal, although some respondents had successful business startups and scale ups as a result of interventions from MFIs. Our paper, therefore recommends that, in order to build a resilient society, MFIs operating in Awka South LGA should intensify and sustain media awareness on entrepreneurship programmes they offer to physically-challenged persons as well make their services more accessible. Again, the government of Anambra State should adequately sustain entrepreneurial programmes mapped out for physically-challenged persons so that they can become entrepreneurs rather than depend on others for their survival. Keywords: Entrepreneurship, Microfinancing, Physically-challenged, Self-employment JEL Codes: M13, G21, J71, J23, D63

Emprendimiento social y desarrollo de los negocios en Cunduacán, Tabasco. Diseño de una hoja de ruta

This paper designs a social entrepreneurship roadmap based on organizational factors, individual factors, and social factors to strengthen the development of women entre-preneurs in the community of Cunduacán, Tabasco. The research adopts a cross-sec-tional quantitative approach with a descriptive focus; the population of interest is a group of 50 women with entrepreneurial activity in the municipality. The design of a social entrepreneurship model will lead those applying it to develop commercial ac-tivities that initially do not have a direct social impact, but will allow them to generate economic benefits; immediately afterwards, they can transfer part or all of the resourc-es obtained to an activity that has a social impact. Therefore, inclusion mechanisms must be developed in ways that involve participation by the public and private sec-tors, vulnerable communities, universities, and non-profit organizations, in order to strengthen social entrepreneurship and thus provide well-being.