An Analysis of Nigerian Diasporans' Willingness to Participate in Transnational Entrepreneurial Activities

Abstract

This thesis investigates the possibilities for diasporans’ participation in transnational entrepreneurial activities. The transnational entrepreneurship literature seeks to understand the differences in the characteristics of diasporans and their motivations for participation in transnational entrepreneurship. There is an interest in entrepreneurial activities which span both the country of origin and country of residence, especially in contexts where the country of origin is considered risky for doing business. With specific reference to the institutional opportunities and challenges of doing business in the Nigerian context, the research explores factors that influence diasporans’ willingness to participate in transnational entrepreneurial activities. It explores, specifically, factors that influence diasporans’ involvement in financial investments, entrepreneurship and business linkages, as well as institutional entrepreneurial undertakings to support the SME sector. The analysis highlights the willingness of diasporans to participate in transnational activities through their sentiments towards transnational activities, the nature of activities they are willing to undertake and resources they own or the nature of networks (interactions) from which they can access resources to carry out the activities. Key findings emerging from the research is that there is a strong sentiment among diasporans towards family support rather than an obligation to contribute to the development of the country of origin. The findings also show the family networks as a means of protecting investments because such relationships are enduring and based on trust. Access to resources through close ties depict least‐effort interactions which imply willingness to partake in activities and access resources which minimise costs and risks. The results show that the investment possibilities are mostly altruistic and family‐oriented, to enhance family well‐being and prosperity. Risk‐taking diaspora entrepreneurs and professionals have profit making motives with capacities for being diaspora angels investors and offering mentorship support to SMEs.

Date of Award	2017
Original language	English
Awarding Institution	Aberystwyth University
Supervisor	Nerys Fuller-Love (Supervisor) & Brian Garrod (Supervisor)