Overview
- Provides new theoretical insights on African entrepreneurship and institutions
- Focuses on multiple case studies and provides insights on alternative indigenous arrangements
- Advances our understanding of how trust and network relationships operate within the West African context
Part of the book series: Palgrave Studies of Entrepreneurship in Africa (PSEA)
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Table of contents (7 chapters)
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Front Matter
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Back Matter
Keywords
About this book
This book places special focus on the importance of trust building, particularly in economies where formal legal arrangements are lacking. Taking the case of Africa, the author provides a framework of how indigenous institutions specify and define the rules, thereby allowing entrepreneurship to thrive. In particular, the book delves into the distinct evidence of institutional rivalry within Africa where competing institutions co-exist, leading to the emergence of dominant hybrid institutional forms. By placing enforcements at the heart of the issue, the author makes a convincing case for trust in a range of indigenous institutional arrangements.
Based on an investigation of entrepreneurs operating across West Africa, the book explores how indigenous arrangements are sufficient in enforcing credible commitments to agreements. In the process, the author argues that trust is essential in stimulating entrepreneurial incentives in Africa. The book brings the real-world situation of local actors in live situations that almost every African entrepreneur can identify with. In a bold new step, the book attempts to show how African entrepreneurs have been able to respond to the specific socio-economic challenges of their environment and raises questions about the role of alternative indigenous institutions. For those interested in African studies, the book’s chapters and readings capture fresh insights and renewed enthusiasm for African entrepreneurship.Authors and Affiliations
About the author
Kingsley Omeihe is an Associate Professor of Marketing and Small Business at the University of the West of Scotland. He is the President of the Academy for African Studies and Chair of African Studies at the British Academy of Management (BAM). He also serves as Chair of the Entrepreneurship in Minority Groups at the Institute for Small Business and Entrepreneurship (ISBE) and Senior Economic Advisor at the Marcel House. His research interest in economic sociology examines the role of networks and norms in the emergence of economic institutions. This includes examining the reflexive basis of reputation in multiplex networks, and identifying the sources of trust in low-trust societies and their sources of cooperation.
Bibliographic Information
Book Title: Trust and Market Institutions in Africa
Book Subtitle: Exploring the Role of Trust-Building in African Entrepreneurship
Authors: Kingsley Obi Omeihe
Series Title: Palgrave Studies of Entrepreneurship in Africa
DOI: https://doi.org/10.1007/978-3-031-06216-2
Publisher: Palgrave Macmillan Cham
eBook Packages: Business and Management, Business and Management (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2023
Hardcover ISBN: 978-3-031-06215-5Published: 10 April 2023
Softcover ISBN: 978-3-031-06218-6Published: 11 April 2024
eBook ISBN: 978-3-031-06216-2Published: 08 April 2023
Series ISSN: 2662-1169
Series E-ISSN: 2662-1177
Edition Number: 1
Number of Pages: XXIII, 165
Number of Illustrations: 6 b/w illustrations
Topics: Entrepreneurship, African Business, International Business