Overcoming the liability of poorness: disadvantage, fragility, and the poverty entrepreneur

Michael H. Morris (), Donald F. Kuratko (), David B. Audretsch () and Susana Santos ()
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Michael H. Morris: University of Notre Dame
Donald F. Kuratko: Kelley School of Business, Indiana University
David B. Audretsch: Kelley School of Business, Indiana University
Susana Santos: Rowan University

Small Business Economics, 2022, vol. 58, issue 1, No 6, 55 pages

Abstract: Abstract All entrepreneurs must overcome the liabilities of newness and smallness as they attempt to launch and grow a new venture. However, those in poverty face an even greater challenge due to a concept we introduce, known as the liability of poorness, which centers on literacy gaps, a scarcity mindset, intense non-business pressures, and the lack of a safety net. Each of these components of the liability of poorness contributes to the disadvantage and fragility of the enterprises confronting the poor. Implications of this fragility for venture dynamics as well as how some poverty entrepreneurs overcome this liability are explored. Research priorities are discussed for ongoing work on the liability of poorness.

Keywords: Disadvantage; Entrepreneurship; Fragility; Liability of poorness; Poverty; Resilience; L25; L26 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (7)

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DOI: 10.1007/s11187-020-00409-w

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