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Entrepreneurial Dimensions In Transitional Economies: A Review Of Relevant Literature And The Case Of Kyrgyzstan

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  • SERKAN YALCIN

    (John Cook School of Business, Saint Louis University, 3674 Lindell Boulevard, DS 458, St. Louis, Missouri 63108, USA)

  • HUSNU KAPU

    (Department of Business Administration, Kafkas University, Kars, Turkey)

Abstract

The process of starting and surviving a new venture is always a challenge, and this is aggravated by unfavorable conditions especially prevalent in less affluent, developing, and transitional economies. This study reviews and integrates the literature on different entrepreneurial dimensions in transitional economies and provides a case analysis, Kyrgyzstan. The review of the entrepreneurial motivations dimension indicated four major motives behind starting a new venture, and an examination of the entrepreneurial problems dimension underlined common problems prevalent in different transitional economies. Findings of the Kyrgyz case indicated that the entrepreneurial motives of local entrepreneurs are of the extrinsic type and related to push factors; difficulty with finding capital, existence of red tape, and high labor turnover rate are major entrepreneurial problems. There are favorable entrepreneurial opportunities in general, but exploitation of these is contingent on appropriate support. Based on the literature review and synthesis as well as the case study, transitional economies need more competitive, liberal, and transparent business environments to be supported by more developed financial systems and a more efficient labor force. Further, two future research areas on transitional economies are suggested and an update on Kyrgyzstan is included.

Suggested Citation

  • Serkan Yalcin & Husnu Kapu, 2008. "Entrepreneurial Dimensions In Transitional Economies: A Review Of Relevant Literature And The Case Of Kyrgyzstan," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 13(02), pages 185-204.
    • Handle: RePEc:wsi:jdexxx:v:13:y:2008:i:02:n:s1084946708000922
    DOI: 10.1142/S1084946708000922
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    References listed on IDEAS

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    1. Léo-Paul Dana, 2007. "Asian Models of Entrepreneurship — From the Indian Union and the Kingdom of Nepal to the Japanese Archipelago:Context, Policy and Practice," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 6171, February.
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    Cited by:

    1. Serafini, Giovanni O. & Szamosi, Leslie T., 2015. "Five star hotels of a Multinational Enterprise in countries of the transitional periphery: A case study in human resources management," International Business Review, Elsevier, vol. 24(6), pages 972-983.
    2. Castañeda Dower, Paul & Gerber, Theodore P. & Weber, Shlomo, 2022. "Firms, kinship networks, and economic growth in the Kyrgyz Republic," Journal of Comparative Economics, Elsevier, vol. 50(4), pages 997-1018.
    3. Maisa Y. Burbar & Suzan J. Shkukani, 2021. "An Exploration of Determinants of Entrepreneurial Characteristics, Motivation, and Challenges in Palestine," International Business Research, Canadian Center of Science and Education, vol. 14(9), pages 1-53, September.
    4. Aki Harima, 2015. "Motivation of Japanese Descending Diaspora Entrepreneurs (Motywacja przedsiebiorcow diaspory japonskiej bedacych potomkami emigrantow)," Research Reports, University of Warsaw, Faculty of Management, vol. 2(19), pages 22-36.

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