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Exploring Entrepreneurship and SME Development in a Post Soviet Context

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  • Friederike Welter

    (University Siegen)

Abstract

This discussion paper is concerned with entrepreneurship and the development of small and mediumsized enterprises (SME) in Central and Eastern European (CEE) countries, where the transition from a socialist command economy towards a marketbased system opened up enormous possibilities for private entrepreneurs. Since the early 1990s, private entrepreneurship gained ground, and the same applies to research on new and small enterprises [e.g., Aidis (2003, 2006), Aidis et al. (2007), Djankov et al. (2005), Dombrovsky and Uebele (2005), Lageman (1995), McIntyre and Dallago (2003), OECD (1996), Pfirrmann and Walter (2002), Sauka and Welter (2007), Smallbone (1997), Smallbone and Welter (2001a, 2001b, 2003, 2006a, 2006b), Welter (1996, 1997, 2005), Welter and Smallbone (2003), Welter et al. (2004, 2006)], although some authors consider entrepreneurship research in CEE still to be a very young field [Meyer and Peng (2005)2]. In this paper I will discuss some facets of entrepreneurship in a post Soviet (or transition) context, outline important factors influencing entrepreneurship and small business development and review some of the policy issues involved in fostering entrepreneurship development. The paper draws on the results of several research projects I have undertaken in CEEs together with David Smallbone from Kingston University in the UK and colleagues from various countries.

Suggested Citation

  • Friederike Welter, 2006. "Exploring Entrepreneurship and SME Development in a Post Soviet Context," TeliaSonera Institute Discussion papers 5, Baltic International Centre for Economic Policy Studies (BICEPS);Stockholm School of Economics in Riga (SSE Riga).
    • Handle: RePEc:bic:tpaper:5
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    References listed on IDEAS

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    1. Friederike Welter & Teemu Kautonen & Alexander Chepurenko & Elena Malieva & Urve Venesaar, 2004. "Trust Environments And Entrepreneurial Behavior – Exploratory Evidence From Estonia, Germany And Russia," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 12(04), pages 327-349.
    2. Klaus E Meyer & Mike W Peng, 2005. "Probing theoretically into Central and Eastern Europe: transactions, resources, and institutions," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 36(6), pages 600-621, November.
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    Cited by:

    1. Arnis Sauka & Friederike Welter, 2010. "Business Insolvencies in Latvia," TeliaSonera Institute Discussion papers 7, Baltic International Centre for Economic Policy Studies (BICEPS);Stockholm School of Economics in Riga (SSE Riga).

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