Table 1.

Summary of literature

DimensionConceptKey findingsReferences
Necessity vs opportunitySocioeconomic predictors of motivationsSocioeconomic characteristics of entrepreneurs and their households predict necessity vs opportunity motivations. Opportunity entrepreneurs show higher profits and better practicesGiacomin et al. (2011); Calderon et al. (2017)
Survival factorsNecessity entrepreneurs benefit more from education in terms of business survival than opportunity entrepreneursBelda and Cabrer-Borrás (2018); Millán et al. (2012) 
Industry choice and strategyNecessity entrepreneurs prefer cost leadership strategies and tend to choose home-based businesses when unused for long periodsBlock et al. (2015); Nikiforou et al. (2019) 
EducationEducation and business outcomesEducation positively impacts self-employment survival. Returns to education are lower for necessity entrepreneurs than opportunity entrepreneursFossen and Büttner (2013); Millán et al. (2012) 
Family involvementFamily as a resourceFamily members provide trusted labor and support entrepreneurial operations, enabling trusted relationships and participation in sales and paymentsJayawarna et al. (2011); Bhagavatulah et al. (2010) 
Family as a dynamic factorEntrepreneurial motivations develop in synchrony with household dynamics, making family a critical factor in necessity entrepreneurshipJayawarna et al. (2011); Viswanathan et al. (2010, 2012) 
GenderGender disparities in entrepreneurshipMen-led enterprises generate higher income, but women-led enterprises are less likely to fail in low-income contextsCabrer-Borrás and Belda (2018); Calderon et al. (2017) 
Women in necessity entrepreneurshipWomen often enter necessity entrepreneurship to overcome economic insecurity, facing greater systemic barriersCalderon et al. (2017); Vossenberg (2013) 
Type of enterpriseRetail vs manufacturingRetail enterprises are often chosen by necessity entrepreneurs due to lower capital needs and proximity to customersMcPherson and Liedholm (1996); Nikiforou et al. (2019) 
Source(s): Authors’ own work

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