Open Access
Open access
Journal of Risk and Financial Management, volume 16, issue 2, pages 83

Thematic Review of Motivational Factors, Types of Uncertainty, and Entrepreneurship Strategies of Transitional Entrepreneurship among Ethnic Minorities, Immigrants, and Women Entrepreneurs

Lukman Raimi 1
Mirela Panait 2, 3
Iza Gigauri 4
2
 
Department of Cybernetics, Economic Informatics, Finance and Accounting, Petroleum-Gas University of Ploiesti, 100680 Ploiesti, Romania
3
 
Institute of National Economy, 050771 Bucharest, Romania
4
 
School of Business, Computing and Social Sciences, Saint Andrew the First-Called Georgian University, Tbilisi 0179, Georgia
5
 
Department of Statistics and Econometrics, Bucharest University of Economic Studies, 010552 Bucharest, Romania
Publication typeJournal Article
Publication date2023-01-30
scimago Q2
SJR0.485
CiteScore4.5
Impact factor
ISSN19118074
Economics and Econometrics
Finance
Accounting
Business, Management and Accounting (miscellaneous)
Abstract

The current study examines the motivational factors, types of uncertainty, and entrepreneurship strategies of transitional entrepreneurship among ethnic minorities, immigrants, and women entrepreneurs, drawing insights from an extensive literature review. To understand the dynamics of transitional entrepreneurship, a thematic review, a qualitative research tool, was used to analyze the research problem and provide answers to the research questions. Three insightful findings emerged from the thematic review. First, six broad themes emerged as catalysts for transitional entrepreneurship among the three focused entrepreneurs, namely, the institutional environment, push factors, pull factors, ethnic resource dependence, cultural inheritance, and gender identity issues. Specific elements of each of the six themes are explicated. Moreover, two levels of uncertainty (Levels 1 and 2) confront transitional entrepreneurs depending on countries and institutional contexts. Level 1 uncertainty presents a clear future with likelihoods, possibilities, and probabilities of success, while Level 2 uncertainty presents several alternate paths and trajectories with a blurred possibility of success for these entrepreneurs. Finally, transitional entrepreneurs leverage optioned and adaptive entrepreneurship strategies in different ways to cope with the two types of uncertainty in their host countries. Given the prospects of TE, the paper provides implications on how to remove the institutional barriers facing transitional entrepreneurs for more balanced socioeconomic inclusion in host countries. It further explicates a need to leverage the motivational factors and entrepreneurship strategies for economic development. By providing a theoretical-based framework of motivations, types of uncertainty, and entrepreneurship strategies, the paper bridges the gaps in the literature and contributes to a better way of understanding TE among ethnic minorities, immigrants, and women entrepreneurs in the period of transition.

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