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Immigrant entrepreneurs' survival seeking via financial strategies

Author

Listed:
  • Philemon Nji Kum

    (Cape Peninsula University of Technology, South Africa)

  • Frank Sylvio Talom

    (Cape Peninsula University of Technology, South Africa)

  • Robertson Khan Tengeh

    (University of the Western Cape, South Africa)

  • Chux Gervase Iwu

    (University of the Western Cape, South Africa)

Abstract

Immigrant entrepreneurs are known to face challenges securing funding from conventional sources, prompting them to devise alternative strategies. Assuming bootstrapping is a method for generating capital without incurring debt or relinquishing equity, this article investigates the strategies immigrant apparel retailers employ in Cape Town. It examines how an entrepreneur's objectives for survival influence their choice of bootstrapping approach. A quantitative survey was administered to 135 immigrant apparel retailers drawn from Parow, Bellville, Wynberg, and Cape Town CBD, all of which are areas known for their high concentration of immigrant retail businesses. The Statistical Package for Social Science Software analysis suggests that the chosen bootstrapping methods strongly correlate with the survival goal of the retail apparel business. The results of this study highlight the importance of survival goals in financial management strategies and, as such, may enhance our understanding of immigrant entrepreneurship within the Cape Town apparel sector. Beyond this, it may also offer critical insights for decision-makers and businesses to leverage immigrant entrepreneurs' economic and social potential.

Suggested Citation

  • Philemon Nji Kum & Frank Sylvio Talom & Robertson Khan Tengeh & Chux Gervase Iwu, 2024. "Immigrant entrepreneurs' survival seeking via financial strategies," Insights into Regional Development, VsI Entrepreneurship and Sustainability Center, vol. 6(4), pages 107-123, December.
    • Handle: RePEc:ssi:jouird:v:6:y:2024:i:4:p:107-123
    DOI: 10.70132/q3862245868
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    References listed on IDEAS

    as
    1. Yuri Ostrovsky & Garnett Picot & Danny Leung, 2019. "The financing of immigrant-owned firms in Canada," Small Business Economics, Springer, vol. 52(1), pages 303-317, January.
    2. Céline Piton & François Rycx, 2021. "A Broken Social Elevator? Employment Outcomes of First- and Second-Generation Immigrants in Belgium," De Economist, Springer, vol. 169(3), pages 319-365, August.
    3. Henrik Barth & Ghazal Zalkat, 2020. "Immigrant Entrepreneurship in Sweden: The Liability of Newness," Sustainability, MDPI, vol. 12(16), pages 1-18, August.
    4. Nick Williams & Besnik A. Krasniqi, 2018. "Coming out of conflict: How migrant entrepreneurs utilise human and social capital," Journal of International Entrepreneurship, Springer, vol. 16(2), pages 301-323, June.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    immigrant entrepreneurs; financial bootstrapping strategies; retail apparel businesses; survival goal; Cape Town Metropole;
    All these keywords.

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • M38 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Government Policy and Regulation

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