New Visiting Researcher at CEBC
Pontus Engström is a visiting PhD scholar from School of Business and Law at the University of Agder in Norway. He is in his final phase of his PhD, writing about Financing of Entrepreneurship in the context of the Informal Economy, in his PhD represented by the poor, coastal regions of Ecuador.
Although the informal economy can make up nearly 70% of GDP of some emerging economies, mainstream entrepreneurship research has largely overlooked this important part of the economy. While research and media often portray an entrepreneur as a super-hero, entrepreneurship is increasingly also viewed as a way out of poverty. As a policy instrument to support entrepreneurship, microfinance institutions (MFIs) – facing less regulation than commercial banks – fund poor entrepreneurs. But this policy measure is controversial, as researchers struggle to find convincing evidence for a positive impact.
Therefore, Pontus Engström in his PhD specifically studying whether and how debt financing and also financial literacy enhances entrepreneurial success in the informal economy.
In tandem with his PhD, Pontus Engström is also involved in transnational entrepreneurship together with Professor Trond Randøy, University of Agder, and Dr. Neema Mori, University of Dar es Salaam Business School, focusing on the financing of growing small and medium sized firms in Tanzania and Eastern Africa through the Nordic investment company MTI Investment AS.
Pontus will be visiting CEBC until end of August 2015. You can find more info about Pontus here:http://www.uia.no/kk/profil/pontuse