Authors: Colin C. Williams; Sara Nadin
Addresses: Centre for Regional Economic and Enterprise Development (CREED), School of Management, University of Sheffield, 9 Mappin Street, Sheffield S1 4DT, UK ' Centre for Regional Economic and Enterprise Development (CREED), School of Management, University of Sheffield, 9 Mappin Street, Sheffield S1 4DT, UK
Abstract: Recently, a growing stream of literature on entrepreneurship has revealed that many entrepreneurs start-up their enterprises operating wholly or partially off-the-books. This paper evaluates critically the assumption that these shadow entrepreneurs are engaged in for-profit economic entrepreneurship. Reporting a 2005 survey involving interviews with 43 shadow entrepreneurs in North Nottinghamshire in the UK, the finding is that shadow entrepreneurs range from purely rational economic actors pursuing for-profit logics through to purely social entrepreneurs pursuing only social logics, with the majority somewhere in-between. The result is a call for more nuanced understandings of the heterogeneous logics of shadow entrepreneurs.
Keywords: informal economy; shadow economy; underground economy; commercial entrepreneurship; social entrepreneurship; nascent entrepreneurship; enterprise culture; enterprise development; shadow entrepreneurs; off-the-books.
International Journal of Management and Enterprise Development, 2011 Vol.11 No.1, pp.20 - 33
Published online: 30 Apr 2015 *Full-text access for editors Full-text access for subscribers Purchase this article Comment on this article