Women entrepreneurship research in the developing world relies on theoretical perspectives derived elsewhere. Hence, understanding the original business-development approaches adopted by women entrepreneurs in developing economies remains elusive. Accordingly, we collected and analyzed rich data generated through 31 in-depth interviews and artifacts of Nigerian women entrepreneurs in the garment manufacturing business. Our analysis revealed distinct constructs that account for their business-development activities. It shows money (access and utilization), market (customer intelligence), and management (nonformal education and experience) as crucial enterprise development components in women entrepreneurship. Motherhood (household responsibilities), meso- and macro-environments (socioeconomic and cultural factors) not only affected business development but also inhibited women entrepreneurs’ access and utilization of money, management, and markets and shaped their business development actions. Theoretical and practical implications for entrepreneurship research and policy development initiatives in the developing world are offered.

Purpose: This study, a systematic review, focuses on the internationalisation of small and medium-sized enterprises (SMEs) originating in developing countries. It critically analyses, evaluates and synthesises studies featuring formal and informal institutions, embedded in social and business networks, as a marketing solution for institutional voids. The review shows that current international marketing studies downplay the role of informal institutions in the internationalisation of SMEs. Thus, the authors set a new research agenda for advancing the institutional theory to account for the impact of informal institutions and networks on firm internationalisation.Design/methodology/approach: This review followed five structured stages, including framing the research questions, identifying relevant studies, assessing their quality, summarising the evidence and interpreting the findings. Based on the systematic approach, 434 papers (374 from Web of Science, 60 from Scopus) were generated. Following that, the authors applied the qualitative inclusion/exclusion criteria, which yielded 63 papers. Their analysis involved three authors, with the fourth author focusing on ensuring quality in the analysis.Findings: The study findings invite a different line of theorising market structures and processes focusing on the role of networks as an alternative to formal institutional systems. The outcome of our review suggests that there is scope for developing the institutional theory that account for the role of informal institutions and networks.Originality/value: Based on the analysis, we call for new theorisation, in the international marketing literature, which accounts for informal networking amongst internationalising SMEs in the light of institutional voids. Thus, the authors promote novel participatory, bottom to top understanding of relationship between institutions and enterprises.

Small and medium-sized enterprises (SMEs) struggle to obtain credit when credit ratings and collateral are used as criteria to assess their credit applications. In the context of Africa, the financial markets have gaping institutional voids, and contextual insights into SMEs’ experiences remain underdeveloped. Drawing on the stakeholder-agency theory of debt financing, this paper advances the scholarly conversation by theorising about how collateral security, collateral security value and the gender of SME owners lead to the involuntary financial exclusion of many manufacturing businesses in Africa. Analysis of the World Bank Enterprise Survey (WBES) dataset reveals that collateral security and collateral security value, together with gender biases in Africa’s financial markets, reduce credit access potential. Consequently, SMEs’ perceptions of the likelihood of obtaining credit for business purposes are reduced. Empirical results for 13,783 SMEs across 41 African countries indicate that the motivations to apply for credit also diminish. These observations contribute to entrepreneurial financing and SME research.

This conceptual paper focuses on bricolage and it pays particular attention on the context of micro and small enterprises (MSEs) in resource-constrained environments – a common feature of most emerging economies. Knowledge about the underlying factors that determine bricolage as a common practice among MSEs operating in emerging economies is yet to advance and develop within the mainstream entrepreneurship literature. Much of this scholarship tends to focus on multi-national enterprises (MNEs) in advanced economies and it discusses bricolage as their strategic choice. Such an approach has led to a lack of meaningful theoretical paradigms for defining the business approaches MSEs adopt as a way of mitigating their perennial operational issues inherent in their environment. Thus, in this conceptual paper, which adopts a scoping review approach, we study the constructs of bricolage particularly their application in MSEs operating in emerging economies. From our analysis a fresh deterministic model mapping out the causal factors that give rise to bricolage behaviour in MSEs that operate in difficult conditions emerged. Thus, we contribute to entrepreneurial behaviour theories by identifying distinctive business methods MSEs adopt to withstand operational difficulties inherent in their environments.