TY - JOUR
T1 - Financing women entrepreneurship in the developing world
T2 - An fsQCA analysis of informal financing schemes
AU - Simba, Amon
AU - Dabic, Marina
AU - Adegbile, Abiodun
AU - Ogundana, Oyedele
PY - 2024/11/5
Y1 - 2024/11/5
N2 - This study utilises a configurational approach to understand the informal financing mechanisms inherent in women entrepreneurship. It draws on observations involving 200 Nigerian women entrepreneurs to study the antecedents that underlie informal financing in women entrepreneurship. Six antecedents, including firm age, size, entrepreneur’s age, marital status, educational level, and industry alongside Ajo––an informal financing scheme are studied. Using fuzzy sets, the study deduces six configurations depicting the use of this informal financing scheme in women entrepreneurship. FsQCA analysis reveals how collectively these antecedents form six configurations related to Ajo. Contrary to the bank–firm theory of formal financial relationships, the study uncovers how educated women entrepreneurs also used Ajo for entrepreneurship purposes. We contend that simplistic predictions formed around a single antecedent must make way for a configurational approach whereby a set of conditions must be in place to account for informal financing in women entrepreneurship especially, in the developing world.
AB - This study utilises a configurational approach to understand the informal financing mechanisms inherent in women entrepreneurship. It draws on observations involving 200 Nigerian women entrepreneurs to study the antecedents that underlie informal financing in women entrepreneurship. Six antecedents, including firm age, size, entrepreneur’s age, marital status, educational level, and industry alongside Ajo––an informal financing scheme are studied. Using fuzzy sets, the study deduces six configurations depicting the use of this informal financing scheme in women entrepreneurship. FsQCA analysis reveals how collectively these antecedents form six configurations related to Ajo. Contrary to the bank–firm theory of formal financial relationships, the study uncovers how educated women entrepreneurs also used Ajo for entrepreneurship purposes. We contend that simplistic predictions formed around a single antecedent must make way for a configurational approach whereby a set of conditions must be in place to account for informal financing in women entrepreneurship especially, in the developing world.
UR - https://www.open-access.bcu.ac.uk/15931/
U2 - 10.1080/00472778.2024.2418029
DO - 10.1080/00472778.2024.2418029
M3 - Article
SN - 0047-2778
JO - Journal of Small Business Management
JF - Journal of Small Business Management
ER -