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

Simba, A ORCID: https://orcid.org/0000-0002-0276-8211, Dabic, M, Adegbile, A and Ogundana, OM ORCID: https://orcid.org/0000-0002-0121-7231, 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 adopts a configurational approach to facilitate a better understanding of the informal financing mechanisms inherent in women’s entrepreneurship. It draws on observations involving 200 Nigerian women entrepreneurs to study the antecedents that underpin informal financing in women’s 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’s entrepreneurship. FsQCA analysis reveals how these antecedents collectively form six configurations related to Ajo. Contrary to the bank–firm theory of formal financial relationships, this study uncovers how even educated women entrepreneurs also use Ajo for entrepreneurial 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’s entrepreneurship, especially in the developing world.

Item Type:	Journal article
Publication Title:	Journal of Small Business Management
Creators:	Simba, A., Dabic, M., Adegbile, A. and Ogundana, O.M.
Publisher:	Taylor & Francis
Date:	5 November 2024
ISSN:	0047-2778
Identifiers:	Number Type 10.1080/00472778.2024.2418029 DOI 2277542 Other
Rights:	© 2024 The Author(s). Published with license by Taylor & Francis Group, LLC. This is an Open Access article distributed under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives License (http://creativecommons.org/licenses/by-nc-nd/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is properly cited, and is not altered, transformed, or built upon in any way. The terms on which this article has been published allow the posting of the Accepted Manuscript in a repository by the author(s) or with their consent.
Divisions:	Schools > Nottingham Business School
Record created by:	Laura Ward
Date Added:	06 Nov 2024 10:59
Last Modified:	06 Nov 2024 10:59
URI:	https://irep.ntu.ac.uk/id/eprint/52512

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