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Cited by 1,077

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

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Webb, Justin W., Tihanyi, Laszlo, Ireland, R. Duane, Sirmon, David G.·2009·Academy of Management Review
DOI 10.5465/amr.2009.40632826
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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.

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Citations

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Metadata

Authors
Webb, J. W., Tihanyi, L., Ireland, R. D., & Sirmon, D. G.
Venue
Academy of Management Review
Publisher
Academy of Management
Published
2009-07
Volume
34
Issue
3
Pages
492-510
ISSN
  • 0363-7425 (ISSN-L)
  • 1930-3807
DOI
10.5465/amr.2009.40632826
OpenAlex
W2146475189
Cited by
1,077
References
4
FWCI
47.53
Type
journal article
Language
en
Open access
green

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