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Environmental and psychological challenges facing entrepreneurial development in transitional economies
Institution:1. F. Luthans, University of Nebraska, Department of Management, Lincoln, NE 68588-0491, USA.;2. Alexander D. Stajkovic, Department of Management and Human Resources, University of Wisconsin-Madison, Madison, WI 53706, USA.;3. Elina Ibrayeva, Southwest State University, Department of Management, Marshall, MN 56258, USA;1. School of Business, Management and Economics, University of Sussex, Falmer, Brighton, BN1 9SL, United Kingdom;2. UNSW Business School, The University of New South Wales, UNSW Kensington Campus, Sydney, NSW, 2052, Australia;1. School of Public Administration, Zhejiang Gongshang University, Hangzhou, China;2. School of Public Affairs, Zhejiang University, Hangzhou, China;3. Institute for Public Policy of Zhejiang University, Hangzhou, China;1. Department of Environmental Science and Engineering, Fudan University, 2205, Songhu Rd., Shanghai, 200438, PR China;2. Values & Sustainability Research Group, School of Architecture, Technology and Engineering, University of Brighton, UK;1. Nature Conservation and Plant Ecology Group, Department of Environmental Sciences, Wageningen University, PO Box 47, 6700 AA, Wageningen, The Netherlands;2. Institute of Biological and Environmental Sciences, School of Biological Sciences, University of Aberdeen, 23 St. Machar Drive, Aberdeen AB24 3UU, UK;3. Strategic Communication Group, Department of Social Sciences, Wageningen University, PO Box 8130, 6700 EW Wageningen, The Netherlands;4. Rotterdam School of Management, Erasmus University, PO Box 1738, 3000 DR, Rotterdam, The Netherlands;5. Institute of Environmental Sciences, Leiden University, PO Box 9518, 2300 RA, Leiden, The Netherlands
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.
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