Poverty and the varieties of entrepreneurship in the pursuit of prosperity

Jonathan Kimmitt, Pablo Muñoz*, Robert Newbery

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

20 Citations (Scopus)

Abstract

In this paper, we revisit the entrepreneurship and poverty relationship under a eudaimonic perspective that brings together conversion factors, and future prosperity expectations. Based on an fsQCA of changes in life circumstances of 166 farm households in rural Kenya, we explore how different combinations of conversion factors enable distinct forms of entrepreneuring in the pursuit of prosperity. Results show that strong entrepreneurship-enabled future prosperity expectations result from three combinations of enabling conversion factors shaping up three varieties of entrepreneurial endeavors: family-frugal, individual-market, and family-inwards, which show a much more diverse and counterintuitive reality. Our research contributes to literature by revealing and theorizing on a split picture portraying the many ways in which farmers, acting as everyday entrepreneurs, exploit real opportunities in seemingly identical impoverished communities. It also reveals a central disconnect between entrepreneurship, life-satisfaction and financial improvements when assessed against expectations of future prosperity. In doing so, this paper responds to calls for a better understanding of the processes whereby entrepreneurship can distinctively improve current and future life circumstances, and the many ways in which this may happen.

Original languageEnglish
Article number105939
Number of pages18
JournalJournal of Business Venturing
Volume35
Issue number4
Early online date14 Jun 2019
DOIs
Publication statusPublished - 1 Jul 2020
Externally publishedYes

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