Responding to financing uncertainty in complex settings: the case of immigrant entrepreneurs from the Arab world in Sweden
基于对瑞典30位阿拉伯裔移民企业家的访谈，研究揭示了他们在复杂环境中应对融资不确定性的三阶段决策过程，并区分了财务“双元”与“非双元”行为模式。
This paper investigates the financing decisions of immigrant entrepreneurs (IEs) in complex settings in host countries, where uncertainties surrounding access to finance persist. While previous studies have acknowledged the presence of financing barriers, they have not sufficiently explained how IEs manage to sustain their entrepreneurial activities. To address this gap, this study presents a dynamic analysis of the financing decision-making process of IEs based on qualitative data gathered from 30 interviews with IEs from the Arab world residing and operating in Sweden. Findings reveal a three-phase decision-making process influenced by situational and dispositional factors. Additionally, the study captures distinct patterns of financing choices made by IEs when confronting uncertainty in complex settings. Specifically, it captures a behavioural aspect of being financially ‘ambidextrous’ or ‘non-ambidextrous’ across multiple contexts.