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

Olarewaju, Tolu; Mickiewicz, Tomasz

Abstract

<jats:p> 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. </jats:p>

Citation

Olarewaju, T., & Mickiewicz, T. (2020). New venture evolution of migrants under institutional voids: Lessons from Shonga Farms in Nigeria. International Small Business Journal, 38(5), 404 - 423. https://doi.org/10.1177/0266242619896266

• Journal Article Type: Article
• Acceptance Date: Jan 11, 2020
• Publication Date: Jan 11, 2020
• Publicly Available Date: May 30, 2023
• Journal: International Small Business Journal
• Print ISSN: 0266-2426
• Publisher: SAGE Publications
• Peer Reviewed: Peer Reviewed
• Volume: 38
• Issue: 5
• Pages: 404 - 423
• DOI: https://doi.org/10.1177/0266242619896266
• Publisher URL: https://journals.sagepub.com/doi/10.1177/0266242619896266