An empirical investigation of the interplay between microcredit, institutional context and entrepreneurial capabilities

Kimmitt, J, Scarlata, Mariarosa and Dimov, D (2016) An empirical investigation of the interplay between microcredit, institutional context and entrepreneurial capabilities Venture Capital: an international journal of entrepreneurial finance, 18 (3). pp. 257-276.

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Abstract

Understanding under which conditions microcredit is used by new, growing ventures, is becoming increasingly pertinent to scholars. This paper investigates the interplay of the use of microcredit with entrepreneurial capabilities and the moderating role of institutional development in Sub-Saharan Africa. Our findings show that higher constraints to entrepreneurial capabilities is associated with higher use of microcredit. In addition, we find that new, growing ventures use microcredit more where either economic or political institutions are less developed. Our findings suggest the importance of the existence of some type of institutional strength that must be in place to form the basis for microcredit activity. This allows for speculation as to whether microcredit works as the literature currently assumes.

Item Type:	Article
Divisions :	Faculty of Arts and Social Sciences > Surrey Business School
Authors :	Name Email ORCID Kimmitt, J Scarlata, Mariarosa m.scarlata@surrey.ac.uk Dimov, D
Date :	31 May 2016
DOI :	10.1080/13691066.2016.1191127
Copyright Disclaimer :	This is an Accepted Manuscript of an article published by Taylor & Francis in Venture Capital on 31 May 2016, available online: http://www.tandfonline.com/10.1080/13691066.2016.1191127
Related URLs :	Publisher
Depositing User :	Symplectic Elements
Date Deposited :	18 May 2016 09:10
Last Modified :	10 Oct 2018 11:10
URI:	http://epubs.surrey.ac.uk/id/eprint/810743

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