There is growing recognition among post-socialist (PS) economies that free-market
entrepreneurship is essential for ultimately improving their economic future. The promotion …

Transition economies are often characterized by underdeveloped formal institutions, often
resulting in an unstable environment and creating a void usually filled by informal ones …

Development economists and management scholars have called for a more market–based
approach to address the extreme poverty suffered by the billion people residing primarily in …

Entrepreneurship plays a pivotal role for institutional change and economic development in
transition and developing economies. Formal and informal institutions in such countries are …

In this paper, we examine the effects of pro-market institutions on both formal and informal
entrepreneurship. While formal entrepreneurship has long been studied in economic …

Entrepreneurship does not occur in a vacuum. The institutions which provide the framework
for economic activity matter. As countries around the world strive for economic growth, this …

Following the disintegration of the Soviet Union in December 1991, the former Soviet
republics and many other Eastern European nations were free to move from socialism to …

While entrepreneurship researchers agree that institutions 'matter'for entrepreneurship, they
also have a rather encompassing understanding of institutions as almost any external factor …

To encourage new research on the role of institutions in the entrepreneurial process in less
developed countries (LDCs), the authors propose a conceptual framework to investigate …

Economists have long argued that the prevailing institutional structures of the economic
system produce a particular spectrum of entrepreneurial activity. However, these institutions …