Entrepreneurial networks as informal institutions in transitional economies

Ivy, Julia; Perényi, Áron

doi:10.1080/08985626.2020.1743770

Cited by 13 publications

(14 citation statements)

References 110 publications

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“…Ukraine has become a rent-seeking state with the elements of a rescue state, implying the development of a business-government cooperation model where the government does not systematically control the business environment (Aslund, 2002;Ivy, 2013;Ivy and Perényi, 2020). The governments of rescue states become more active and enforce regulation only in crises that cannot be resolved without government intervention (Iwasaki, 2003).…”

Section: Ukrainementioning

confidence: 99%

“…The governments of rescue states become more active and enforce regulation only in crises that cannot be resolved without government intervention (Iwasaki, 2003). Georgia and Kazakhstan have adopted the rescue state strategy (Ivy, 2013), which is also characterized by an insufficiently-developed economic system of regulations and relationships, vague and unequal governmental support, corruption, bribes, and political entrepreneurship (McCaffrey and Salerno, 2011;Ivy and Perényi, 2020).…”

Section: Ukrainementioning

confidence: 99%

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Towards the regional aspects of institutional trust and entrepreneurial ecosystems

Khlystova

Kalyuzhnova

Belitski

2022

IJEBR

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PurposeInstitutional trust is vital for social and economic activity and crucial in reducing uncertainty for entrepreneurs and society. To shed light on the role of institutional trust on productive entrepreneurial activity, this paper analyses the impact of six urban entrepreneurial ecosystems (EEs) using the contexts of the transition economies of Eastern Europe, Caucasus and Central Asia. This study aims to pursue the research question: what role does institutional trust play in the relationship between formal institutions and productive entrepreneurship in the EEs of transition economies? This paper aims to posit that the development and enforcement of formal institutions and institutional trust enhance productive entrepreneurship.Design/methodology/approachIn this study, the authors apply a mixed-method approach. The authors’ dataset includes 657 respondents (ecosystem stakeholders) from six city-level entrepreneurial ecosystems in the transition economies of Georgia, Ukraine and Kazakhstan, as well as 51 semi-structured interviews from EE representative stakeholders to examine the validity of the findings.FindingsInstitutional trust in many cities has been negatively affected by institutionalised corruption and continuous non-transparent reforms, furthering prior research in developing and transition economies. The authors’ findings suggest that institutional trust can be investigated not as a country phenomenon but as a regional phenomenon extending prior research towards understanding the institutional trust – productive entrepreneurship research domain at the city EE level.Originality/valueThe authors apply the institutional trust perspective to the EEs in cities in order to examine how institutional trust affects productive entrepreneurship in challenging institutional environments. The authors contribute to the literature on institutions and entrepreneurship by using a mixed-method analysis to examine the relationship between formal institutions and institutional trust in the context of EEs in transition economies.

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Section: Ukrainementioning

confidence: 99%

Section: Ukrainementioning

confidence: 99%

Towards the regional aspects of institutional trust and entrepreneurial ecosystems

Khlystova

Kalyuzhnova

Belitski

2022

IJEBR

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“…As an example, in order to place entrepreneurial ventures in each group of cases, researchers may defer to opinions of members of local business networks, which are usually tightknit in emerging economies [7], describing the four categories of cases of interest and asking each informant to name at least two local ventures for each category.…”

Section: Dependent Variablesmentioning

confidence: 99%

“…In addition, it would also be fruitful to compare entrepreneurs operate in countries experiencing different kinds of transformations, or at different stages of those transformations. There is, of course, a plethora of opportunities for scholars to explore how entrepreneurship evolves in a multitude of different contexts which can offer new insights into the different environments in which entrepreneurs operate [61] as well as how their actions are embedded within specific local contexts [7,47].…”

Section: Future Scope and Implications Of The Studymentioning

confidence: 99%

“…Entrepreneurs who operated in Belarus in the early 1990s found themselves navigating their businesses through two extreme incidents of regime change: first, the collapse of the Soviet Union and the establishment of a market economy and, later, the rollback of the market economy to a state-controlled economy under the political dictatorship of President Lukashenko [5][6][7]. Of the many entrepreneurial ventures that were launched during these years, many had ceased their operations by 2000, while others managed to sustain themselves and grow amid the shifting conditions [6,8].…”

Section: ░ 1 Introductionmentioning

confidence: 99%

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Capabilities of Entrepreneurial Ventures that Successfully Navigate Regime Change: A Research Agenda

Ivy

2020

IJBMR

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The study provides a framework and research agenda for investigating factors that contribute to the sustainability and growth of entrepreneurial ventures operating in environments of regime change. The suggested framework builds on Herbert Simon’s [1] science of design, as later extended to concepts of entrepreneurship as creation [2] and effectuation [3], in order to describe the nature of entrepreneurial actions in an environment of regime change. The framework integrates theory on organizational capabilities [4] to locate mechanisms behind entrepreneurs’ successful efforts to equip their ventures with capabilities for sustainability and growth. The study offers a pragmatism-driven methodology for studying ventures as artifacts created by entrepreneurs that practice the even-if principle of non-predictable control when navigating the challenges of regime change.

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Defining networks in entrepreneurial ecosystems: the openness of ecosystems

Prokop

Thompson

2022

Small Bus Econ

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The paper draws on network theory to employ concepts of homophily and heterophily to investigate whether the presence of familiar, unfamiliar or a mix of actors in an entrepreneurial ecosystem is related to start-up rates. The empirical focus of this study is on 81 UK university entrepreneurial ecosystems and their outputs in terms of academic spinoff companies. The paper finds that university entrepreneurial ecosystems with access to actors of predominantly heterophilious character are associated with higher spinoff start-up rates. It is concluded that in stimulating the development of successful entrepreneurial ecosystems there is a clear need to focus on their openness to heterophilious actors, inclusive of other ecosystems. This is especially important in the context of network lock-in that may arise from dependence on homophilious ties. Plain English Summary Entrepreneurial ecosystems characterised by openness to diverse actors generate more firms, as shown in a study focusing on 81 UK university entrepreneurial ecosystems. The paper studies network character of actors in entrepreneurial ecosystems and whether this character is associated with start-up rates. Specifically, it focuses on the familiarity of actors, inspecting whether it is related to greater venture formations. In so doing, the study examines 81 UK university entrepreneurial ecosystems. It finds that university entrepreneurial ecosystems that generate more ventures are associated with having a presence of actors of unfamiliar character, drawing attention to the openness of ecosystems’ networks. The key implication of the study is in recognising the link between the ecosystem’s openness to diverse actors and its entrepreneurial performance.

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Entrepreneurial networks as informal institutions in transitional economies

Cited by 13 publications

References 110 publications

Towards the regional aspects of institutional trust and entrepreneurial ecosystems

Towards the regional aspects of institutional trust and entrepreneurial ecosystems

Capabilities of Entrepreneurial Ventures that Successfully Navigate Regime Change: A Research Agenda

Defining networks in entrepreneurial ecosystems: the openness of ecosystems

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