This paper focuses on ex post governance of inter-firm transactions. We develop and test hypotheses on the occurrence of ex post problems like delivery delays, inferior quality, and insufficient service in buyer–supplier transactions. Our hypotheses address effects of transaction...

In this study, we examine the impact of social capital on entrepreneurial innovativeness in an African context. Social capital refers to resources that are embedded in a durable network of relationships. This article focuses specifically on the structure of networks. There are two main views on...

It has often been argued that entrepreneurs in developing countries can be classified as either "survival" or "growth-oriented." However, there is little systematic knowledge about classification of entrepreneurs in developing countries. We propose that what we call high potential entrepreneurs...

This paper assesses the X-effectiveness of South Africa's national system of innovation. It focuses on problems that occur in innovation projects, assuming that those problems are indicators of the effectiveness of flows of different institutions into South African innovators. An analysis of...

Purpose – The purpose of this paper is to focus on the cognitive and motivational consequences of a business failure, and their relation with subsequent start up success. The paper hypothesizes that if previous business failure was attributed to an internal and stable cause, subsequent...

Purpose – The purpose of this paper is to investigate whether the provision of formal land and building rights provides incentives to poor households to invest in their property in urban Ethiopia. Design/methodology/approach – To test the hypothesis a natural quasi-experimental design was...

Transactions often differ on important dimensions from spot exchanges on perfect neo-classical markets. Information is seldom complete and instantaneous exchange is just as rare as full competition. The authors in this volume extend the standard economic model stressing the proposition that the...