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Environmental and psychological challenges facing entrepreneurial development in transitional economies

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  • Luthans, Fred
  • Stajkovic, Alexander D.
  • Ibrayeva, Elina

Abstract

In the former planned economies, a major result of the economic reform programs has been the resurgence of private entrepreneurship. As these countries have struggled to make the transition to a market-based economy over the past decade, the environment has played an important structural role in entrepreneurial development. However, from a psychological perspective, the environmental structural context affects human action through cognitive processes such as self-regulation. Thus, we first identify and analyze the effect of the political, economic, legal, and cultural environment on the development of entrepreneurship in transitional economies, mainly using the former Soviet Union and particularly the Republic of Kazakhstan as an example. We then examine the role that social cognitive variables such as self-efficacy may play in the relationship between this external environment and entrepreneurial development.

Suggested Citation

  • Luthans, Fred & Stajkovic, Alexander D. & Ibrayeva, Elina, 2000. "Environmental and psychological challenges facing entrepreneurial development in transitional economies," Journal of World Business, Elsevier, vol. 35(1), pages 95-110, April.
    • Handle: RePEc:eee:worbus:v:35:y:2000:i:1:p:95-110
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    References listed on IDEAS

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    Cited by:

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    4. Benedikt Herrmann & Alexander Kritikos, 2013. "Growing out of the crisis: hidden assets to Greece's transition to an innovation economy," IZA Journal of European Labor Studies, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 2(1), pages 1-23, December.
    5. Amankwah-Amoah, Joseph & Lu, Yindfa, 2018. "Historical Evolution of Entrepreneurial Development in the Global South: The Case of Ghana, 1957-2010," MPRA Paper 88179, University Library of Munich, Germany.
    6. Alf Rehn & Saara Taalas, 2004. "‘Znakomstva I Svyazi’ (Acquaintances and connections) -- Blat , the Soviet Union, and mundane entrepreneurship," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 16(3), pages 235-250, May.
    7. Qingxiong Weng & James C. McElroy, 2010. "HR environment and regional attraction: An empirical study of industrial clusters in China," Australian Journal of Management, Australian School of Business, vol. 35(3), pages 245-263, December.
    8. Boris Urban, 2013. "Social Entrepreneurship in an Emerging Economy: A Focus on the Institutional Environment and Social Entrepreneurial Self-Efficacy," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 11(1 (Spring), pages 3-25.
    9. Christos Kalantaridis & Lois Labrianidis & Ivaylo Vassilev, 2007. "Entrepreneurship and institutional change in Post-socialist rural areas - Some evidence from Russia and the Ukraine," Journal of East European Management Studies, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 12(1), pages 9-34.
    10. C. Christopher Baughn & Bee–Leng Chua & Kent E. Neupert, 2006. "The Normative Context for Women's Participation in Entrepreneruship: A Multicountry Study," Entrepreneurship Theory and Practice, , vol. 30(5), pages 687-708, September.
    11. Lin Song & Darline Augustine & Jing Yu Yang, 2016. "Environmental uncertainty, prospector strategy, and new venture performance: the moderating role of network capabilities," International Entrepreneurship and Management Journal, Springer, vol. 12(4), pages 1103-1126, December.
    12. Martin Owusu Ansah & Richard Chinomona, 2017. "The influence of Ghana's national culture on latent entrepreneurs: An application of Social Rule System Theory," Journal of Economics and Behavioral Studies, AMH International, vol. 9(1), pages 113-126.
    13. Karatayev, Marat & Hall, Stephen & Kalyuzhnova, Yelena & Clarke, Michèle L., 2016. "Renewable energy technology uptake in Kazakhstan: Policy drivers and barriers in a transitional economy," Renewable and Sustainable Energy Reviews, Elsevier, vol. 66(C), pages 120-136.
    14. Traikova, Diana, 2013. "Determinants of non-farm entrepreneurial intentions in a transitional context: Evidence from rural Bulgaria," Studies on the Agricultural and Food Sector in Transition Economies, Leibniz Institute of Agricultural Development in Transition Economies (IAMO), volume 72, number 72.
    15. Sheila M. Puffer & Daniel J. McCarthy & Max Boisot, 2010. "Entrepreneurship in Russia and China: The Impact of Formal Institutional Voids," Entrepreneurship Theory and Practice, , vol. 34(3), pages 441-467, May.
    16. Liu, Yi & Li, Yuan & Xue, Jiaqi, 2011. "Ownership, strategic orientation and internationalization in emerging markets," Journal of World Business, Elsevier, vol. 46(3), pages 381-393, July.
    17. Jeff Y-J Chen & Boris Urban, 2018. "Behavioral and Environmental Influences on Entrepreneurial Orientation," Journal of Economics and Behavioral Studies, AMH International, vol. 10(5), pages 73-88.
    18. Boris Urban, 2018. "Effectuation And Opportunity Recognition In The Renewable Energy Sector In South Africa: A Focus On Environmental Dynamism And Hostility," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 23(02), pages 1-17, June.
    19. Soriano, Domingo Ribeiro, 2010. "Management factors affecting the performance of technology firms," Journal of Business Research, Elsevier, vol. 63(5), pages 463-470, May.
    20. Hayfaa Tlaiss, 2015. "How Islamic Business Ethics Impact Women Entrepreneurs: Insights from Four Arab Middle Eastern Countries," Journal of Business Ethics, Springer, vol. 129(4), pages 859-877, July.
    21. Istipliler, Baris & Bort, Suleika & Woywode, Michael, 2023. "Flowers of adversity: Institutional constraints and innovative SMEs in transition economies," Journal of Business Research, Elsevier, vol. 154(C).
    22. Nuraida Wahyu Sulistyani & Fendy Suhariadi & Fajrianthi, 2022. "Self-Efficacy as a Mediator of the Impact of Social Capital on Entrepreneurial Orientation: A Case of Dayak Ethnic Entrepreneurship," Sustainability, MDPI, vol. 14(9), pages 1-11, May.
    23. Kiss, Andreea N. & Danis, Wade M. & Cavusgil, S. Tamer, 2012. "International entrepreneurship research in emerging economies: A critical review and research agenda," Journal of Business Venturing, Elsevier, vol. 27(2), pages 266-290.

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