Entrepreneurship and Regional Development· 2026Q1
Growth aspirations at the bottom of the pyramid: the case of Bolivian BoP entrepreneurs
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- 2026year
Short summary
Informal institutions like trust and respect significantly shape growth aspirations for Bolivian Bottom of the Pyramid (BoP) entrepreneurs, with opportunity drivers, human capital, and networks fostering them, while complex regulations and a deficit in trust/respect impede them.
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Key points
- Opportunity drivers, human capital, and networks foster growth aspirations in BoP entrepreneurs.
- Intricate institutional regulations and a deficit of respect and trust impede BoP entrepreneurs' growth aspirations.
- Informal institutions, specifically perceived lack of trust and respect, constrain willingness to hire and delegate.
- The study provides new empirical evidence on the influence of cultural traits on BoP entrepreneurs' growth aspirations.
AI-generated from the title and abstract; the full text is not read.
Abstract
Studies on bottom of the pyramid (BoP) entrepreneurs’ growth aspirations are limited. This study aims to examine the influence of informal institutions on these aspirations. We conducted an exploratory study based on semi-structured interviews with 36 BoP entrepreneurs in Cochabamba, Bolivia. We found that opportunity drivers, human capital, and networks foster the growth aspirations of BoP entrepreneurs. Conversely, intricate institutional regulations and a deficit of respect and trust impede their growth aspirations. This study enhances institutional theory by showing how informal institutions, such as a perceived lack of trust and respect, constrain BoP entrepreneurs’ willingness to hire and delegate, and thereby their growth aspirations. It also enriches the entrepreneurship literature by providing new empirical evidence regarding the influence of cultural traits on these aspirations.
The authors' abstract, as published at the source. Entrepreneurship and Regional Development, 2026 · DOI ↗
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Field: Business and International Management
Business and International ManagementBusiness, Management and Accounting