How do Intermediaries Build Inclusive Markets? The Role of the Social Context

Bhatt, Babita; Qureshi, Israr; Sutter, Christopher

doi:10.1111/joms.12796

Cited by 49 publications

(7 citation statements)

References 54 publications

(167 reference statements)

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“…This study is subject to several limitations, which suggest future research directions. First, the entrepreneurs in our study operate micro and small businesses – street vendors, hair stylists, small‐scale farmers – and our results may not generalize to larger firms that operate within BOP economies, which may have certain market advantages (e.g., Bhatt et al, In press). Such businesses may have adopted practices that enable them to navigate and overcome weak their formal institutional environments and succeed (e.g., Kistruck et al, 2013).…”

Section: Discussionmentioning

confidence: 93%

Trusting without a Safety Net: The Peril of Trust in Base of the Pyramid Economies

Pryor

Zahra

Bruton

2022

J Management Studies

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In high-transaction-cost environments, such as the world's poorest base-of-thepyramid economies (BOP), trust helps entrepreneurs form partnerships while conserving resources related to monitoring, contracting, and other transaction costs. However, trust can also expose entrepreneurs to their partners' opportunism. In developed economies, effective and consistent legal systems can protect against such opportunism. But what happens when formal institutions are ineffective and inconsistent, as is common in BOP economies, and how does trust influence entrepreneurs' performance subsequent to forming partnerships? We answer these questions, drawing on a sample of 338 entrepreneurs in the Kingdom of Eswatini (formerly known as Swaziland). We find that entrepreneurs' trust has a negative effect on business operating performance, indicating that, given the legal systems in the BOP context, trusting entrepreneurs bear more fully the brunt of opportunism. However, this negative effect can be mitigated when entrepreneurs register their businesses with the government and pay taxes. We also find that, for entrepreneurs who earn income from other businesses, the negative effect of trust on performance is stronger. We found no moderating effect related to entrepreneurs' education.

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Section: Discussionmentioning

confidence: 93%

Trusting without a Safety Net: The Peril of Trust in Base of the Pyramid Economies

Pryor

Zahra

Bruton

2022

J Management Studies

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“…Informal institutions persist because they shape behaviors through rituals, norms, and practices and in turn are legitimized through everyday practices of individuals. In other words, the caste system does not manifest itself primarily in formalized rules or explicit norms, rather, it provides the repertoire for shared expectations among groups within the society via deeply ingrained notions of socioeconomic hierarchy and norms for social interactions (Bhatt et al, 2022).…”

Section: Caste As a Distinct Informal Institutionmentioning

confidence: 99%

Local, yet global: Implications of caste for MNEs and international business

et al. 2023

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Caste is an informal institution that influences socioeconomic action in many contexts. It is becoming increasingly evident that international business research, practice, and policy need to programmatically address caste. To facilitate this endeavor, we review the limited research in IB that has addressed caste, and theorize caste as a distinct informal institution by distinguishing it from other systems of stratification like race, class, and gender. In addition, we propose a parsimonious framework to highlight the implications of caste for Indian and non-Indian MNEs in their Indian and global operations. In doing this, we focus on implications with respect to the internal organization and inter-organizational relationships of MNEs, and consider how these implications might differ as based on the MNEs’ organizational forms. We then build on these implications to discuss how MNEs and other stakeholders of international business can address caste inequalities via policies related to human rights, anti-racism, and affirmative action. By bridging theory, practice, and policy, we pave the way for MNEs to address global inequalities that relate to caste.

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“…This opportunity may have been overlooked to date because such intermediaries are not necessarily using commercial mechanisms themselves. There is a scope for social entrepreneurship scholars to give this a more systematic attention (Bhatt et al , 2022).…”

Section: Embedding Values and Social Relationshipsmentioning

confidence: 99%

African perspectives on researching social entrepreneurship

Farhoud,

Bignotti,

Hamann

et al. 2023

SEJ

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Purpose Context matters in social entrepreneurship, and it matters a lot. Social entrepreneurs are deeply entrenched in the context where they operate: they respond to its challenges, are shaped by it, and attempt to shape it in turn. The purpose of this paper is to discuss how social entrepreneurship in Africa is still understood within the scope of Western theories, without much consideration for local variations of the commonly shared archetype of social entrepreneurship or for how African norms, values and beliefs may shape our common understanding of this phenomenon. Design/methodology/approach The authors survey the often-neglected literature on social entrepreneurship in Africa and bring it together in this paper to discuss – also from the vantage point of their own experience and research in diverse African countries – how important assumptions in the social entrepreneurship literature are confirmed, enriched or challenged by key dimensions of African contexts. Findings Four important themes in the literature on social entrepreneurship in Africa emerged – institutions, embedding values, entrepreneurial behaviour and bricolage and scaling impact – each with its own considerations of how African contexts may challenge predominant assumptions in the extant social entrepreneurship literature, as well as implications for future research. Originality/value The authors uncover ways in which the peculiarities of the African context may challenge the underlying – and mostly implicit – assumptions that have shaped the definition and analysis of social entrepreneurship. They end by offering their understanding of social entrepreneurship and its concomitant dimensions in Africa as a stepping stone for advancing the field in the continent and beyond.

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How do Intermediaries Build Inclusive Markets? The Role of the Social Context

Cited by 49 publications

References 54 publications

Trusting without a Safety Net: The Peril of Trust in Base of the Pyramid Economies

Trusting without a Safety Net: The Peril of Trust in Base of the Pyramid Economies

Local, yet global: Implications of caste for MNEs and international business

African perspectives on researching social entrepreneurship

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