Entrepreneurship in the Controversial Economy: Toward a Research Agenda

This work extends theory about entrepreneurship across formal and informal institutional boundaries. While research has identified formal, informal, and renegade economies, we introduce the concept of the controversial economy, defined as the set of legal but illegitimate (to some large groups) acti...

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Bibliographic Details
Authors: Cannatelli, Benedetto Lorenzo (Author) ; Smith, Brett Richard (Author) ; Sydow, Alisa (Author)
Format: Electronic Article
Language:English
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Published: Springer Science + Business Media B. V 2019
In: Journal of business ethics
Year: 2019, Volume: 155, Issue: 3, Pages: 837-851
Further subjects:B Institutional Theory
B Entrepreneurship
B Informal economies
B Moral Intensity
B I–O nexus
Online Access: Volltext (lizenzpflichtig)
Description
Summary:This work extends theory about entrepreneurship across formal and informal institutional boundaries. While research has identified formal, informal, and renegade economies, we introduce the concept of the controversial economy, defined as the set of legal but illegitimate (to some large groups) activities through which actors exploit opportunities. We explain the existence of the controversial economy, its prevalence, and provide examples. We explore how and why entrepreneurs may exploit opportunities in the controversial economy based on individual and opportunity-related attributes. Finally, we identify several theoretical perspectives and research questions as an initial research agenda for the controversial economy.
ISSN:1573-0697
Contains:Enthalten in: Journal of business ethics
Persistent identifiers:DOI: 10.1007/s10551-017-3482-x