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Uncovering the Role of Institutional Context for Nascent Entrepreneurial Ventures

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The Palgrave Handbook of African Entrepreneurship

Abstract

Existing research increasingly provides evidence to support the view that formal and informal institutions significantly influence entrepreneurship generally, and are particularly key influences for new venture creation. These institutions invariably act as triggers for economic growth and development. However, within the Sub-Saharan Africa context, nascent entrepreneurial ventures face wide range of challenges, which hinder entrepreneurial activities and limit development. By evaluating formal and informal institutional challenges facing nascent entrepreneurial ventures, we present a multi-dynamic view of embeddedness to uncover barriers to nascent entrepreneurial activity in Africa. Specifically, the study proposes an enterprise-enabling policy framework to promote economic action and bridge institutional voids which limit entrepreneurial venture development.

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Authors and Affiliations

  1. De Montfort University, Leicester, UK

    A. I. Ogunsade, Demola Obembe & Kassa Woldesenbet Beta

Authors
  1. A. I. Ogunsade
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  2. Demola Obembe
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  3. Kassa Woldesenbet Beta
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Corresponding author

Correspondence to A. I. Ogunsade .

Editor information

Editors and Affiliations

  1. Department of Management & Entrepreneurship, De Montfort University, Leicester, UK

    Oluwaseun Kolade

  2. Department of Management & Entrepreneurship, De Montfort University, Leicester, UK

    David Rae

  3. De Montfort University, Leicester, UK

    Demola Obembe

  4. De Montfort University, Leicester, UK

    Kassa Woldesenbet Beta

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Ogunsade, A., Obembe, D., Woldesenbet Beta, K. (2022). Uncovering the Role of Institutional Context for Nascent Entrepreneurial Ventures. In: Kolade, O., Rae, D., Obembe, D., Woldesenbet Beta, K. (eds) The Palgrave Handbook of African Entrepreneurship. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-75894-3_3

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