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Are The Bric Economies Entrepreneur-Friendly? An Institutional Perspective

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  • RANGAMOHAN V. EUNNI

    (Williamson College of Business Administration, Youngstown State University, One University Plaza, Youngstown, OH 44555, USA)

  • TATIANA S. MANOLOVA

    (Bentley University, 175 Forest St., Waltham, MA 02452, USA)

Abstract

How conducive are the institutional environments in the BRIC countries to support entrepreneurship? We employ the Busentizet al.(2000) survey instrument on a sample of 490 business students from Brazil, Russia, India and China to compare the perceived favorability of their regulatory, cognitive, and normative environments to entrepreneurship. We find no significant differences in the perceived favorability of the regulatory environment, but significant differences in the perceived favorability of the cognitive and normative environments. While the cognitive dimension of the institutional environment in Russia and China is perceived as more conducive to entrepreneurship compared to Brazil and India, the normative dimension in China, India, and Brazil is perceived as more favorable compared to Russia. These differences reflect the wide divergence in the BRIC countries' cultural norms and values, traditions, and institutional heritage and have important implications for future research, managerial practice, and public policy.

Suggested Citation

  • Rangamohan V. Eunni & Tatiana S. Manolova, 2012. "Are The Bric Economies Entrepreneur-Friendly? An Institutional Perspective," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 20(02), pages 171-202.
    • Handle: RePEc:wsi:jecxxx:v:20:y:2012:i:02:n:s0218495812500082
    DOI: 10.1142/S0218495812500082
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    1. Jeffrey Sachs & Wing Thye Woo & Xiaokai Yang, 2000. "Economic Reforms and Constitutional Transition," Annals of Economics and Finance, Society for AEF, vol. 1(2), pages 423-479, November.
    2. Ruta Aidis, 2003. "Entrepreneurship and Economic Transition," Tinbergen Institute Discussion Papers 03-015/2, Tinbergen Institute.
    3. Ruta Aidis & Saul Estrin, 2006. "Institutions, Networks and Entrepreneurship Development in Russia: An Exploration," William Davidson Institute Working Papers Series wp833, William Davidson Institute at the University of Michigan.
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    Cited by:

    1. Daria Volchek & Ari Jantunen & Sami Saarenketo, 2013. "The institutional environment for international entrepreneurship in Russia: Reflections on growth decisions and performance in SMEs," Journal of International Entrepreneurship, Springer, vol. 11(4), pages 320-350, December.
    2. Feng Xu & Xiaogang He & Xueru Yang, 2021. "A Multilevel Approach Linking Entrepreneurial Contexts to Subjective Well-Being: Evidence from Rural Chinese Entrepreneurs," Journal of Happiness Studies, Springer, vol. 22(4), pages 1537-1561, April.

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