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Article
Institutions and entrepreneurship development in Russia: A comparative perspective
Journal of Business Venturing (2008)
  • Ruta Aidis, George Mason University
  • Saul Estrin, London School of Economics and Political Science
  • Tomasz M Mickiewicz, University College London
Abstract

In this paperwe use a comparative perspective to explore theways inwhich institutions and networks have influenced entrepreneurial development in Russia. We utilize Global Entrepreneurship Monitor (GEM) data to study the effects of the weak institutional environment in Russia on entrepreneurship, comparing it first with all available GEM country samples and second, in more detail, with Brazil and Poland. Our results suggest that Russia's institutional environment is important in explaining its relatively low levels of entrepreneurship development, where the latter is measured in terms of both number of start-ups and of existing business owners. In addition, Russia's business environment and its consequences for the role of business networks contribute to the relative advantage of entrepreneurial insiders (those already in business) to entrepreneurial outsiders (newcomers) in terms of new business start-ups.

Keywords
  • Entrepreneurship,
  • Institutions,
  • Networks,
  • Russia,
  • Poland,
  • Brazil
Publication Date
2008
Citation Information
Ruta Aidis, Saul Estrin and Tomasz M Mickiewicz. "Institutions and entrepreneurship development in Russia: A comparative perspective" Journal of Business Venturing Vol. 23 (2008)
Available at: http://works.bepress.com/tomasz_mickiewicz/1/