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You Say Illegal, I Say Legitimate: Entrepreneurship in the Informal Economy

Year: 2009

Type: article

Abstract: The entrepreneurial process drives economic activities in the formal economy; however, little is known theoretically about how the entrepreneurial process works in the informal economy. To address this theoretical gap, we employ a multilevel perspective integrating entrepreneurship theory (microlevel) with institutional (macrolevel) and collective identity (mesolevel) theories to examine the role institutions and collective identity play in the recognition and exploitation of opportunities in the informal economy. Additionally, we explore factors that influence the transition to the formal economy.

Source: Academy of Management Review

DOI: 10.5465/amr.2009.40632826

Authors: Justin W. Webb, Laszlo Tihanyi, R. Duane Ireland, David G. Sirmon

Institution: Texas A&M University

Language: English

Topic: Entrepreneurship Studies and Influences

Subfield: Management of Technology and Innovation

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Decent work and economic growth, Peace, justice, and strong institutions

Open Access status: green

OpenAlex ID: W2146475189

FWCI: 57.13

Cites: 101

Cited by: 1,131

Related to: 10