Networks, trust and capital mobilisation: challenges of embedded local entrepreneurial strategies in Ghana's oil and gas industry
Autor: | Ragnhild Overå, Austin Dziwornu Ablo |
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Rok vydání: | 2015 |
Předmět: |
Sociology and Political Science
business.industry Community participation media_common.quotation_subject Geography Planning and Development Fossil fuel Context (language use) Business environment Financial capital State (polity) Petroleum industry Capital (economics) Business Economic system Industrial organization media_common |
Zdroj: | The Journal of Modern African Studies. 53:391-413 |
ISSN: | 1469-7777 0022-278X |
Popis: | In December 2010 Ghana pumped its first oil and a local content law was passed in 2013 to promote local participation in the oil and gas industry. This paper examines Ghanaian entrepreneurial activities and the dynamics of local participation in the emerging oil and gas sector. We explore Ghanaian entrepreneurs' strategies of mobilising networks to acquire information, build trust, raise financial capital and reduce risk with the aim to gain entry, win contracts and participate in the oil and gas industry. We argue that the resources and strategies activated by entrepreneurs embedded in the context of the Ghanaian business environment are inadequate and problematic when deployed in the context of the international oil and gas industry. The international oil companies' cost-intensive standard requirements and state officials' informal interventions further limit local firms' prospects for participation in the oil and gas industry. |
Databáze: | OpenAIRE |
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