Another day, another dollar: Enterprise resilience under terrorism in developing countries

• 成果类型: Article
• 署名作者: Branzei, Oana; Abdelnour, Samer
• 署名单位: Western University (University of Western Ontario); University Western Ontario Hospital
• 刊物名称: JOURNAL OF INTERNATIONAL BUSINESS STUDIES
• ISSN/ISSBN: 0047-2506
• DOI: 10.1057/jibs.2010.6
• 发表日期: 2010
• 页码: 804-825
• 关键词: entrepreneurship in emerging markets; Economic development; market turmoil; low-income markets; bottom of the pyramid; peace-through-commerce; International development

摘要

This study extends the literature on entrepreneurship in developing countries by offering a two-stage explanation for the paradoxical observation that enterprise activities often flourish under extreme adversity. Our findings complement the base-of-pyramid and peace-through-commerce attention to the growing role of business in international development by fleshing out the functions of enterprise resilience under terrorism. We first explain how terrorism conditions (outbreak, escalation, and reduction) may create psychological incentives for enterprise resilience; then we show that, controlling for ex ante terrorism conditions, enterprise resilience yields more favorable economic payoffs at higher levels of terrorism, especially for informal entrepreneurs. Journal of International Business Studies (2010) 41, 804-825. doi:10.1057/jibs.2010.6