Income Inequality, Entrepreneurial Activity, and National Business Systems: A Configurational Analysis

Lewellyn, Krista

doi:10.1177/0007650317697954

Cited by 24 publications

(22 citation statements)

References 76 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…She concludes that high-growth and/or economic activity are not sufficient to prevent income inequality; rather in some cases, they exacerbate the widening income gap between different societal actors. Specifically, Lewellyn (2018) shows that high income inequality is likely to result from high-growth entrepreneurship when such entrepreneurship occurs in institutional contexts with capital-based financial systems, and in contexts that promote reductions in wages. These findings illustrate how high-growth entrepreneurship characterized by the presence of large corporations increases income inequality when it follows the principle of shareholder wealth maximization-reflected in capital-based financial systems and a reduction in wages to employees.…”

Section: The Special Issuementioning

confidence: 99%

Value Creation, Appropriation, and Distribution: How Firms Contribute to Societal Economic Inequality

Bapuji

Husted²,

et al. 2018

Business & Society

View full text Add to dashboard Cite

Firms are central to wealth creation and distribution, but their role in economic inequality in a society remains poorly studied. In this essay, we define and distinguish value distribution from value creation and appropriation. We identify four value distribution mechanisms that firms engage in and argue that shareholder wealth maximization skews the value distribution towards shareholders and top executives, which in turn contributes to rising economic inequalities around the world. We call upon organizational scholars to study the value distribution role of firms and its consequences for society, and introduce the papers in this volume of the special issue on economic inequality, business, and society.

show abstract

Section: The Special Issuementioning

confidence: 99%

Value Creation, Appropriation, and Distribution: How Firms Contribute to Societal Economic Inequality

Bapuji

Husted²,

et al. 2018

Business & Society

View full text Add to dashboard Cite

show abstract

“…It differs in terms of entrepreneurial activity and in socioeconomic status such as income level, education, or occupation-two highly interrelated factors (e.g., Armington & Acs, 2002). For instance, entrepreneurship can act as a catalyzer reducing regional wealth disparity by creating new jobs or increasing consumption (Cumming et al, 2020a;Moulick et al, 2019), yet it may also act as factor further widening the gap between rich and poor by decreasing affordability or heightening income inequality (Lewellyn, 2018;Singer, 2006). Thanks to its universal approach, crowdfunding addresses both factors.…”

Section: Objective Characteristicsmentioning

confidence: 99%

Are you part of the crowd? The role of sex and environmental characteristics for crowdfunding awareness

Vaznyte

Andries

Manigart

2020

Journal of Small Business Management

View full text Add to dashboard Cite

Crowdfunding has become an alternative source of financing for entrepreneurial new ventures and social projects. While identifying and "tapping the right crowd" of backers has been shown to be crucial for the success of crowdfunding campaigns, we still lack a basic understanding of why individuals become backers in the first place and why so many others do not. Building on information processing theory, we advance crowdfunding awareness as an important precedent to actual engagement as a backer. We hypothesize and-using a sample of 1,042 individuals in Flanders (Belgium)-show that individuals' crowdfunding awareness depends on whether they are male or female, as well as on the (perceived) socioeconomic environment they are in. Furthermore, our findings suggest that women tend to derive their crowdfunding awareness to a larger extent from these environmental characteristics than men. These results have important implications for theory and practice.

show abstract

“…Following this idea, Halvarsson et al [13] find evidence for the contribution of self-employment to income dispersion using microdata from Sweden. Lewellyn [14] analyzes the complex relationship between income inequality and entrepreneurial activity from a systemic perspective using qualitative techniques. Atems and Shand [15] investigate if entrepreneurship impacts inequality, finding empirical evidence of a positive correlation.…”

Section: Introductionmentioning

confidence: 99%

Rising Inequality and Entrepreneurship during Economic Downturn: An Analysis of Opportunity and Necessity Entrepreneurship in Spain

Aceytuno¹,

Sánchez-López²,

Báñez³

2020

Sustainability

View full text Add to dashboard Cite

There is a consensus among researchers that one of the most important effects of the recent economic downturn that started in 2009—also known as the Great Recession—in Spain has been rising income inequality. In this context, researchers are concerned about the effects of inequality on the economy, and this concern is even more marked now, when the world is facing a new crisis that seems the equal of, or even more devastating than the last Great Recession as a consequence of Covid-19. Nevertheless, there is a lack of studies which consider the effects of inequality on entrepreneurship. This paper aims to contribute to a deeper understanding of the relationship between inequality and entrepreneurship in the context of an economic downturn. We focus on the 17 autonomous communities in Spain during the Great Recession (2007–2013). Using unbalanced panel data, we study the effect on entrepreneurial activity, differentiating between total, necessity- and opportunity-driven entrepreneurship. The contribution of this paper is twofold. First, our results offer new empirical evidence concerning the relationship between growing inequality and entrepreneurial activity, showing significant differences from results in the existing literature. Second, we explain how, in a recessionary context of highly restricted financial resources, inequality can negatively affect total, necessity- and opportunity-based entrepreneurship, preventing a large part of the population from engaging in this activity.

show abstract

Income Inequality, Entrepreneurial Activity, and National Business Systems: A Configurational Analysis

Cited by 24 publications

References 76 publications

Value Creation, Appropriation, and Distribution: How Firms Contribute to Societal Economic Inequality

Value Creation, Appropriation, and Distribution: How Firms Contribute to Societal Economic Inequality

Are you part of the crowd? The role of sex and environmental characteristics for crowdfunding awareness

Rising Inequality and Entrepreneurship during Economic Downturn: An Analysis of Opportunity and Necessity Entrepreneurship in Spain

Contact Info

Product

Resources

About