How ethnic minority SME owners in the UK can create value amid informal institutional voids

Olarewaju, Tolu and Tamvada, Pawan (2023) How ethnic minority SME owners in the UK can create value amid informal institutional voids. Journal of Creating Value, 9 (1), 107-123. (doi:10.1177/23949643231168484).

Record type: Article

Abstract

This article shows that the COVID-19 pandemic exposed informal institutional voids that exist for Black, Asian and Minority Ethnic (BAME) business owners in the United Kingdom. Based on a primary database of surveys and semi-structured interviews, the results show that many BAME small and medium-sized enterprise (SME) owners encountered informal institutional voids that White SME owners did not face during the pandemic. The article also shows how these BAME SME owners created value amid these institutional voids and how they can continue to do so. The article concludes by suggesting that bridging these voids is crucial for promoting a more inclusive environment where ethnic and non-ethnic entrepreneurs can succeed. It also presents policy implications and offers directions for future research.

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Accepted/In Press date: 22 March 2023

Published date: 19 May 2023

Additional Information: Funding Information: The authors disclosed receipt of the following financial support for the research, authorship, and/or publication of this article: This work was supported by the British Academy. Publisher Copyright: © The Author(s) 2023.

Keywords: COVID-19, ethnic minority entrepreneurship, global North, institutional voids, trust, value creation