Financing women entrepreneurship in the developing world: An fsQCA analysis of informal financing schemes

Simba, Amon and Dabic, Marina and Adegbile, Abiodun and Ogundana, Oyedele (2024) Financing women entrepreneurship in the developing world: An fsQCA analysis of informal financing schemes. Journal of Small Business Management. ISSN 0047-2778

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Abstract

This study utilises a configurational approach to understand the informal financing mechanisms inherent in women entrepreneurship. It draws on observations involving 200 Nigerian women entrepreneurs to study the antecedents that underlie informal financing in women entrepreneurship. Six antecedents, including firm age, size, entrepreneur’s age, marital status, educational level, and industry alongside Ajo––an informal financing scheme are studied. Using fuzzy sets, the study deduces six configurations depicting the use of this informal financing scheme in women entrepreneurship. FsQCA analysis reveals how collectively these antecedents form six configurations related to Ajo. Contrary to the bank–firm theory of formal financial relationships, the study uncovers how educated women entrepreneurs also used Ajo for entrepreneurship purposes. We contend that simplistic predictions formed around a single antecedent must make way for a configurational approach whereby a set of conditions must be in place to account for informal financing in women entrepreneurship especially, in the developing world.

Item Type:	Article
Identification Number:	10.1080/00472778.2024.2418029
Dates:	Date Event 11 October 2024 Accepted 5 November 2024 Published Online
Uncontrolled Keywords:	Informal financing, Ajo, women entrepreneurship, developing world, fsQCA
Subjects:	CAH17 - business and management > CAH17-01 - business and management > CAH17-01-02 - business studies
Divisions:	Faculty of Business, Law and Social Sciences > College of Business, Digital Transformation & Entrepreneurship
Depositing User:	Gemma Tonks
Date Deposited:	23 Oct 2024 14:45
Last Modified:	08 Nov 2024 12:16
URI:	https://www.open-access.bcu.ac.uk/id/eprint/15931

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