Qualitative analysis of institutional barriers and strategic adaptations among entrepreneurs in Madagascar highlights systemic issues and network reliance.
Key Points
Explore entrepreneurs' experiences in Madagascar's challenging institutional environment and identify barriers and adaptations.
Qualitative, interpretive research design
In-depth, semi-structured interviews with 42 founders of SMEs
Thematic analysis using NVivo software
Identified three core institutional challenges: bureaucratic inefficiency, limited formal credit access, and regulatory inconsistency.
Over 80% of entrepreneurs relied on informal networks for resources and to navigate bureaucracy.
Developed hybrid strategies blending formal registration with informal practices to sustain ventures.