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

Branzei, O; Abdelnour, S; (2010) Another day, another dollar: Enterprise resilience under terrorism in developing countries. Journal of International Business Studies , 41 (5) pp. 804-825. 10.1057/jibs.2010.6. Green open access

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Abstract

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.

Type: Article
Title: Another day, another dollar: Enterprise resilience under terrorism in developing countries
Open access status: An open access version is available from UCL Discovery
DOI: 10.1057/jibs.2010.6
Publisher version: https://doi.org/10.1057/jibs.2010.6
Language: English
Additional information: This version is the author accepted manuscript/. For information on re-use, please refer to the publisher’s terms and conditions.
Keywords: entrepreneurship in emerging markets, economic development, market turmoil, low-income markets, bottom of the pyramid, peace-through-commerce, international development
UCL classification: UCL
UCL > Provost and Vice Provost Offices
UCL > Provost and Vice Provost Offices > UCL BEAMS
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > UCL Institute for Global Prosperity
URI: https://discovery.ucl.ac.uk/id/eprint/10079696
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