Abstract

Abstract This article focuses on the former war refugees, who (partly) returned to their homeland Bosnia and Herzegovina and became significant investors in their local communities. We are particularly interested in their experiences with manoeuvring between different countries and institutional environments, as these refugee entrepreneurs are running their businesses simultaneously in developed European economies (Switzerland and Sweden) and in their home country. Although the two companies run by the former refugees described in the article are located in the areas that remain divided along the ethnic lines caused by the war (Srebrenica and Banja Luka), we find that the post-war returnees’ businesses are ethnically tolerant and inclusive, sending a powerful message to the formal institutions, which often act in the opposite way.

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