Stratification, Economic Adversity, and Entrepreneurial Launch: The Effect of Resource Position on Entrepreneurial Strategy

Patrice Perry–Rivers

Entrepreneurship Theory and Practice, 2016, vol. 40, issue 3, 685-712

Abstract: This paper analyzes whether or not the simple theory of income choice, which indicates there is a positive relationship between economic adversity and entrepreneurship, is applicable to all groups and may have been overgeneralized in entrepreneurship research. Using social stratification theory and the resource–based view, I explore how accumulated resource position differences between advantaged and disadvantaged entrepreneurial actor groups could result in their employing different strategies when exposed to economic adversity. I find that economic adversity has no relationship with entrepreneurship (self–employment rates) in advantaged or disadvantaged groups, and these groups use resources divergently due to their converse resource positions.

Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:sae:entthe:v:40:y:2016:i:3:p:685-712

DOI: 10.1111/etap.12137

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