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Stay alert, save businesses. Planning for adversity among immigrant entrepreneurs
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Campagnolo, Diego, Laffineur, Catherine, Leonelli, Simona, Martiarena, Aloña, Tietz, Matthias A. and Wishart, Maria (2022) Stay alert, save businesses. Planning for adversity among immigrant entrepreneurs. International Journal of Entrepreneurial Behavior & Research, 28 (7). pp. 1773-1799. doi:10.1108/IJEBR-02-2022-0164 ISSN 1355-2554.
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WRAP-Stay-alert-save-businesses-Planning-for-adversity-among-immigrant-entrepreneurs-Wishart-2022.pdf - Accepted Version - Requires a PDF viewer. Available under License Creative Commons: Attribution-Noncommercial 4.0. Download (958Kb) | Preview |
Official URL: http://dx.doi.org/10.1108/IJEBR-02-2022-0164
Abstract
Purpose:
Against the theoretical backdrop of the embeddedness and the resilience literatures, this paper investigates if and how SMEs' planning for adversity affects firms' performance.
Design/methodology/approach:
The paper develops hypotheses that investigate the link between the risk management of immigrant-led and native-led SMEs and their performance and draw on novel data from a survey on 900 immigrant- and 2,416 native-led SMEs in 5 European cities to test them.
Findings:
Immigrant-led SMEs are less likely to implement an adversity plan, especially when they are in an enclave sector. However, adversity planning is important to enhance the growth of immigrant-led businesses, even outside a crisis period, and it reduces the performance gap vis-à-vis native-led businesses. Inversely, the positive association between adversity planning and growth in the sample of native entrepreneurs is mainly driven by entrepreneurs who have experienced a severe crisis in the past.
Originality/value:
This paper empirically uses planning for adversity as an anticipation stage of organizational resilience and tests it in the context of immigrant and native-led SMEs. Results support the theoretical reasoning that regularly scanning for threats and seeking information beyond the local community equips immigrant-led SMEs with a broader structural network which translates into new organizational capabilities. Furthermore, results contribute to the process-based view of resilience demonstrating that regularly planning for adversity builds a firm's resilience potential, though the effect is contingent on the nationality of the leaders.
Item Type: | Journal Article | ||||||
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Divisions: | Faculty of Social Sciences > Warwick Business School > Entrepreneurship, Innovation & Management Faculty of Social Sciences > Warwick Business School |
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Journal or Publication Title: | International Journal of Entrepreneurial Behavior & Research | ||||||
Publisher: | Emerald Group Publishing Limited | ||||||
ISSN: | 1355-2554 | ||||||
Official Date: | 31 August 2022 | ||||||
Dates: |
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Volume: | 28 | ||||||
Number: | 7 | ||||||
Page Range: | pp. 1773-1799 | ||||||
DOI: | 10.1108/IJEBR-02-2022-0164 | ||||||
Status: | Peer Reviewed | ||||||
Publication Status: | Published | ||||||
Access rights to Published version: | Restricted or Subscription Access | ||||||
Copyright Holders: | Emerald Publishing Limited | ||||||
Date of first compliant deposit: | 27 September 2022 | ||||||
Date of first compliant Open Access: | 27 September 2022 |
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