Predicaments of Entrepreneurship in Transitional Russia

Timofeyev, Y. and Yan, H-D. (2013) ‘Predicaments of entrepreneurship in transitional Russia’, Int. J. Entrepreneurship and Small Business, Vol. 20, No. 1, pp.70–95.

Posted: 1 Aug 2013

See all articles by Yuriy Timofeyev

Yuriy Timofeyev

National Research University Higher School of Economics

Ho-Don Yan

Feng Chia University - Department of Economics

Date Written: September 3, 2012

Abstract

The collapse of the Soviet Union’s central-planned economy vindicates that resources’ allocation under communist rule was woefully deficient and ultimately gave way to a market economy. For the successful transformation from communism, entrepreneurship is immediately needed.This study highlights three main activities in the entrepreneurial process, including opportunity discovery, mobilisation of resources, and organisation creation, which are the factors we focus on while discussing the predicaments of the entrepreneurial process. We also emphasise the importance of surrounding institutions in which entrepreneurial activities are embedded.Based on analysing the entrepreneurial process, we argue that given a systemic way to identify the underlying predicaments of the entrepreneurial process in transition economies, the issues confronting transition economies can be aptly grasped.

Keywords: central-planned economy, corruption, entrepreneurship, GEM, opportunity discovery, entrepreneurial process, transition economy

JEL Classification: D73, L26, P29

Suggested Citation

Timofeyev, Yuriy and Yan, Ho-Don, Predicaments of Entrepreneurship in Transitional Russia (September 3, 2012). Timofeyev, Y. and Yan, H-D. (2013) ‘Predicaments of entrepreneurship in transitional Russia’, Int. J. Entrepreneurship and Small Business, Vol. 20, No. 1, pp.70–95., Available at SSRN: https://ssrn.com/abstract=2303848

Yuriy Timofeyev

National Research University Higher School of Economics ( email )

Moscow
Russia

Ho-Don Yan (Contact Author)

Feng Chia University - Department of Economics ( email )

100, WenHwa Rd
Seatwen, Taichung
+886-4-451-7250 Ext.4429 (Phone)
+886-4-451-8737 (Fax)

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