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Comparative Entrepreneurial Cognitions and Lagging Russian New Venture Formation: A Tale of Two Countries

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  • Kristie W. Seawright
  • Ronald K. Mitchell
  • J. Brock Smith

Abstract

Changes in Russian government and economic systems over the last 15 years led to expectations of increased entrepreneurial activity. Yet potential entrepreneurs are deciding to venture at a much lower rate than anticipated. New venture creation in Russia is occurring at a rate that is considerably lower than that of the United States and Western Europe.This research examines cognitive similarities and differences among Russian and U.S. entrepreneurs and nonentrepreneurs to find a possible explanation. Multivariate analysis of variance and multiple discriminant analysis results found similarities between U.S. and Russian experts and U.S. and Russian novices with respect to arrangements, willingness, and ability scripts, but differences in these scripts were found between experts and novices, particularly in Russia. Implications for entrepreneurship cognition research and public policy are discussed.

Suggested Citation

  • Kristie W. Seawright & Ronald K. Mitchell & J. Brock Smith, 2008. "Comparative Entrepreneurial Cognitions and Lagging Russian New Venture Formation: A Tale of Two Countries," Journal of Small Business Management, Taylor & Francis Journals, vol. 46(4), pages 512-535, October.
    • Handle: RePEc:taf:ujbmxx:v:46:y:2008:i:4:p:512-535
    DOI: 10.1111/j.1540-627X.2008.00254.x
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    Cited by:

    1. Galina Shirokova & Tatiana Beliaeva & Tatiana S. Manolova, 2023. "The Role of Context for Theory Development: Evidence From Entrepreneurship Research on Russia," Entrepreneurship Theory and Practice, , vol. 47(6), pages 2384-2418, November.
    2. Liangxing He & Huihui Li & Yuli Zhang, 2024. "A Dual Mediation Model between Entrepreneurial Intention and Subsequent Actions: Loss Aversion and Affordable Loss," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 3122-3146, March.

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