Certain Aspects of the Russian Entrepreneur's Life Today

Abstract

The economic transformations in Russia have brought to the forefront a number of very complex problems that stem from deep-seated social and structural processes whose dynamics are determined, to quite a large extent, by qualitative changes in relations of property ownership, power, and income levels of various strata and groups of the population. Social differentiation encompasses a broad range of "basic" and "superstructural" relations, reflecting as it does changing principles in the social stratification of society. The very nature of social structure components has changed, and new strata and sociocultural formations have emerged. In particular, our focus here is on people working as hired employees and those not working as hired employees (91.4 percent and 8.6 percent, 66English translation

Entrepreneurship in Russia and China: The Impact of Formal Institutional Voids

“…As in developed economies, the institutional environment for entrepreneurs is central to their creation and growth. However, the formal institutions that are so supportive for entrepreneurship in developed economies are sorely inadequate in transition economies like Russia and China (Golenkova & Igitkhanian, 2008;Meyer, 2001;. This article builds upon the work of Ahlstrom and Bruton (2006) that analyzed the use of informal institutions by venture capitalists in a number of emerging Asian economies.…”

“…As in developed economies, the institutional environment for entrepreneurs is central to their creation and growth. However, the formal institutions that are so supportive for entrepreneurship in developed economies are sorely inadequate in transition economies like Russia and China (Golenkova & Igitkhanian, 2008;Meyer, 2001;.…”

Transcending the pyramid: opportunity co-creation for social innovation

“…These comprise the absence of regulatory systems, efficient government ministries and bureaucrats, intellectual property rights, specialized intermediaries, and strong contractenforcing mechanisms (Golenkova and Igitkhanian, 2008;Puffer and McCarthy, 2007). Thus, the institutional economics literature has argued that institutional voids negatively influence market development (Chan, 2002;Rodrik, 2007), and pose greater challenges for firms operating in emerging economies (Khanna, Palepu, and Sinha, 2005;Khanna and Rivkin, 2006).…”

Business and management in Russia: a review of the post-Soviet literature and future research directions

“…Recently, however, the public's increased acceptance of, and even the popularity of, entrepreneurs starting and running small businesses has been documented (Golenkova and Igitkhanian, 2008). Still, the relatively low rate of enterprise development continued, and new ventures were being established at a much lower pace than anticipated, and at a considerably lower rate than in the USA (Seawright et al, 2008).…”