Minority Entrepreneurship reviews the economic and sociological
literature on the topic of minority entrepreneurship. While
economists and sociologists have written most of the influential
studies, these groups typically ask different questions and base
their analysis on different assumptions. The literature predictably
lacks a single unifying focus and is quite diverse regarding issues
explored and methodological approaches employed. Differing
approaches and their outcomes are summarized and critically probed
in this monograph with the intent to illuminate strengths and
weaknesses -- along with patterns of common findings -- in this
voluminous literature. Minority-owned businesses are collectively
reflections of evolving constraints and opportunities operating in
broader society. Minorities seeking to create viable business
ventures have traditionally faced higher barriers than whites as
they sought to exploit market opportunities, raise financing, and
penetrate mainstream networks. Entrepreneurial dynamics are
clarified by focusing upon specific contexts in which firms are
being shaped by prevailing opportunity structures. Progress has
been noteworthy overall for minority-owned businesses, in part
because barriers impeding their collective development have been
gradually declining. Minority Entrepreneurship shows that the
dominant methodological approaches and findings of economists and
sociologists in the minority entrepreneurship literature are highly
complementary. Sociologists have posed bolder questions while
economists have paid more attention to pinning down
cause-and-effect relationships, yet their findings have been
gradually moving towards convergence over the past two decades.
This monograph posits that it is possible and desirable that these
respective bodies of work may someday merge, creating a minority
entrepreneurship scholarly synthesis.
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