The great recession and precarious wealth among middle-class Mexican-Origin entrepreneurs.
Entrepreneurial activity is perceived to function as a catalyst for economic mobility and wealth creation among immigrant minorities, which in turn facilitates the reproduction of their wealth and businesses from one generation to the next. Yet, the United States Great Recession of 2008 had a devast...
| Publicado en: | Journal of Ethnic & Migration Studies Vol. 46; no. 18; pp. 3874 - 3892 |
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| Formato: | Artículo |
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Taylor & Francis Ltd
Dec2020
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=146599406&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 146599406 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 1369183X 56F jtl: Journal of Ethnic & Migration Studies issn: 1369183X maglogo: N pubinfo: dt: Dec2020 vid: 46 iid: 18 pid: 377 pub: Taylor & Francis Ltd artinfo: ui: 146599406 10.1080/1369183X.2019.1592879 ppf: 3874 ppct: 18 formats: fmt: – @attributes: type: T – @attributes: type: P size: 1.2MB tig: atl: The great recession and precarious wealth among middle-class Mexican-Origin entrepreneurs. aug: au: Valdez, Zulema affil: Department of Sociology, University of California, Merced, CA, USA su: Entrepreneurship Great Recession, 2008-2013 Economic mobility Income inequality Organizational performance International economic integration Immigrants sug: subj: Entrepreneurship Great Recession, 2008-2013 Economic mobility Income inequality Organizational performance International economic integration Immigrants keyword: entrepreneurs great recession Mexican Americans middle class minorities Wealth ab: Entrepreneurial activity is perceived to function as a catalyst for economic mobility and wealth creation among immigrant minorities, which in turn facilitates the reproduction of their wealth and businesses from one generation to the next. Yet, the United States Great Recession of 2008 had a devastating impact on the accumulated wealth of Latino entrepreneurs, widening a racial wealth gap that shows little signs of narrowing. This qualitative study investigates the significance of the recession on the wealth of and prospects for entrepreneurial succession among fifty middle-class Mexican-origin business owners in El Paso, Texas, between 2009 and 2012, at the tail of the Great Recession and its aftermath. Findings reveal that business owners conveyed optimism about withstanding the recession and entrepreneurial succession; however, limited wealth belied that optimism, triggering downsizing that weakened the stability and solvency of their businesses. Ultimately, the Great Recession had a negative impact on the wealth accumulation and business performance of middle-class Mexican-origin entrepreneurs, with observed differences by gender. This study challenges traditional assumptions that entrepreneurship is associated with wealth creation and entrepreneurial succession, underscoring the need to consider how structural forces in the economy condition the entrepreneurial outcomes and economic integration of immigrants and their descendants. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y custom: Copyright of Journal of Ethnic & Migration Studies is the property of Taylor & Francis Ltd and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. item: Journal of Ethnic & Migration Studies holder: Taylor & Francis Ltd dt: @attributes: year: 2020 holdings: @attributes: islocal: N |
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