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Business Law, Public Responsibility, and Ethics

Selected Works

Colin C Williams

2012

Small business

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Full-Text Articles in Business

Re-Thinking Informal Entrepreneurship: Commercial Or Social Entrepreneurs?, Colin C. Williams, Sara Nadin Dec 2011

Re-Thinking Informal Entrepreneurship: Commercial Or Social Entrepreneurs?, Colin C. Williams, Sara Nadin

Colin C Williams

This paper evaluates critically the assumption that entrepreneurs
who start-up their business ventures operating wholly or partially
off-the-books are engaged in commercial entrepreneurship. Reporting evidence
from a 2005–2006 survey involving face-to-face interviews with
298 informal entrepreneurs in Ukraine, the finding is that they are not all
commercially-driven. Instead, these informal entrepreneurs range from purely
rational economic actors who pursue for-profit logics through to purely social
entrepreneurs who pursue solely social logics, with the majority somewhere
in the middle of this spectrum combining both for-profit and social rationales.
The result is a call for a more nuanced understanding of the heterogeneous …