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An Overview of Trust, Institutions and African Entrepreneurial Networks

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Trust and Market Institutions in Africa

Part of the book series: Palgrave Studies of Entrepreneurship in Africa ((PSEA))

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Abstract

To date, the increased interest in entrepreneurship has continued to gain explosive growth. The focus has given rise to the understanding of entrepreneurial behaviour in contexts where formalised institutions such as courts and legal framework are deficient. Studies over the past decades reveal a paucity of literature focused on Africa, as most studies have particularly centred on entrepreneurs operating in more mature economies (Child and Rodrigues 2007; Stoian et al. 2016; Welter and Baker 2021). Instead, applied research has continued to glide over Africa’s socio-economic context, thus leading to incorrect assumptions and macro-theorisations. Further along these lines, an imbalance exists that prioritises the role of networks in mature economies in comparison to those operating within Africa. This is despite the fact that African entrepreneurial networks account for a huge share of the business across the continent (Amoako and Lyon 2014; Omeihe 2019).

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Omeihe, K.O. (2023). An Overview of Trust, Institutions and African Entrepreneurial Networks. In: Trust and Market Institutions in Africa. Palgrave Studies of Entrepreneurship in Africa. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-031-06216-2_1

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