New venture evolution of migrants under institutional voids: Lessons from Shonga Farms in Nigeria

Abstract

This article inductively builds theory on how transaction costs may be alleviated and institutional voids bridged in developing economies, based on the case study of successful migrant entrepreneurial involvement in Nigerian agriculture: Shonga Farms. We argue that the iterative process of building conditions of trust through long-term commitment, involvement of regional government, appropriate modes of financial contracts and the gradual transitioning of controlling interests to private actors are factors of success. We draw additional lessons by contrasting our case study with other similar migrant schemes that have failed.

Publication DOI: https://doi.org/10.1177/0266242619896266
Divisions: College of Business and Social Sciences > Aston Business School > Economics, Finance & Entrepreneurship
College of Business and Social Sciences > Aston Business School
Additional Information: © Sage 2020. The final publication is available via Sage at http://dx.doi.org/10.1177/0266242619896266
Uncontrolled Keywords: Nigeria,agriculture,institutional voids,migrant entrepreneurship,public–private partnership,transaction costs,Business and International Management
Publication ISSN: 1741-2870
Full Text Link:
Related URLs: https://journal ... 266242619896266 (Publisher URL)
http://www.scop ... tnerID=8YFLogxK (Scopus URL)
PURE Output Type: Article
Published Date: 2020-08-01
Published Online Date: 2020-01-11
Accepted Date: 2020-01-01
Authors: Mickiewicz, Tomasz (ORCID Profile 0000-0001-5261-5662)
Olarewaju, Tolu I.A.

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