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Financing Indigenous entrepreneurs: A review and research agenda

Elaine De Gruyter, James Gordon, Israr Qureshi, Babita Bhatt and Nkosana Mafico
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Elaine De Gruyter: Blavatnik School of Government, Government Outcomes Lab, University of Oxford, Oxford, UK; Research School of Management, The Australian National University, Canberra, ACT, Australia
Babita Bhatt: Research School of Management, The Australian National University, Canberra, ACT, Australia
Nkosana Mafico: Research School of Management, The Australian National University, Canberra, ACT, Australia; University of Edinburgh Business School, Edinburgh, UK

Australian Journal of Management, 2025, vol. 50, issue 4, 1333-1358

Abstract: Empowering Indigenous communities through entrepreneurialism is touted as key for reducing Indigenous disadvantage, but little headway has been made. One core and persistent issue is difficulty accessing finance to support growth. To understand why and to guide future policy and research, we review the current state of research on Indigenous financing and develop a thematic framework around four themes: political-economic environment; antecedents to the financing decision; financial solutions; and financial preferences, decisions and outcomes. Indigenous entrepreneurs face unique intercultural, social and economic barriers to finance, and these need to be better understood to help accelerate Indigenous community development through entrepreneurial activity. JEL Classification: G21; G28; J15; N20

Keywords: Indigenous business; indigenous development; indigenous financing; indigenous entrepreneur; intercultural; liability of difference (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:sae:ausman:v:50:y:2025:i:4:p:1333-1358

DOI: 10.1177/03128962241270823

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