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

Tomasz Mickiewicz, Tolu I.A. Olarewaju

Research output: Contribution to journalArticle

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.
Original languageEnglish
Number of pages20
JournalInternational Small Business Journal
Early online date11 Jan 2020
DOIs
Publication statusE-pub ahead of print - 11 Jan 2020

Fingerprint

Farm
Migrants
New ventures
Nigeria
Developing economies
Regional government
Transaction costs
Factors
Financial contracts
Agriculture

Bibliographical note

© Sage 2020. The final publication is available via Sage at http://dx.doi.org/10.1177/0266242619896266

Keywords

  • Agriculture
  • Institutional voids
  • Migrant entrepreneurship
  • Nigeria
  • Public–private partnership
  • Transaction costs

Cite this

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