Innovation and entrepreneurship as strategies for success among Cuban-based firms in the late years of the transatlantic slave trade
Abstract
This article examines how Cuban-based firms and entrepreneurs circumvented ever- increasing risks in the illegal slave trade. The article sheds light to this question by analyzing new qualitative information of 65 Cuban-based firms against the Slavevoyages database. Our findings indicate that Cuban-based firms were entrepreneurial as they exploited the opportunities arising from the volatility of the slave trade by: (a) internalizing networks of agents which allowed the rapid diffusion of information, (b) diversifying trading goods and expanding the number of partnerships to reduce transaction costs and risk, and (c) adopting technological innovations that modified the design and use of vessels.
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Cited by
Still being checked.
- Authors
- Barcia, M., & Kesidou, E.
- Affiliations
- School of History, University of Leeds, Leeds, UK
- University of Leeds (GB)
- Venue
- Business History
- Publisher
- Informa UK Limited
- Published
- 2017-05-26
- Volume
- 60
- Issue
- 4
- Pages
- 542-561
- ISSN
- 0007-6791 (ISSN-L)
- 1743-7938
- OpenAlex
- W2616521423
- Semantic Scholar
- 5d782b7381a6b5cf1213e97550af16b3d01b092f
- Cited by
- 9
- References
- 52
- Citations by year
- 2026: 2 · 2023: 3 · 2021: 2 · 2020: 1 · 2019: 1
- FWCI
- 8.74
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- Business History (publishedVersion)
- White Rose Research Online (University of Leeds, The University of Sheffield, University of York) (acceptedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- Funders
- American Historical Association
- Leverhulme Trust
- Topics
- Social Sciences › Anthropology › Colonialism, slavery, and trade
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Historical Economic and Social Studies
- Social Sciences › Sociology and Political Science › Cuban History and Society
- Keywords
- transatlantic slave trade, entrepreneurship, innovation, information networks, diversification, transaction costs, ship design, risk management, late 18th century
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