Financing women entrepreneurship in the developing world: An fsQCA analysis of informal financing schemes

Amon Simba, Marina Dabic* (Corresponding / Lead Author), Abiodun Adegbile, Oyedele Ogundana

*Corresponding author for this work

    Research output: Contribution to journalArticlepeer-review

    Abstract

    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.
    Original languageEnglish
    JournalJournal of Small Business Management
    DOIs
    Publication statusPublished (VoR) - 5 Nov 2024

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