Co-evolution of an entrepreneurial ecosystem and technology entrepreneurship in a transforming economy
by Mikhail Nazarov; Nadezhda Butryumova; Sergey Aleksandrovskiy; Dmitry Sidorov
International Journal of Technology, Policy and Management (IJTPM), Vol. 23, No. 1, 2023

Abstract: The paper addresses the question of how technologically entrepreneurial companies co-evolve with the entrepreneurial ecosystem in the context of transforming economy and emerging of new institutions. Employing a co-evolutionary approach and a case study design, we have studied 15 technology enterprises established in the Russian region in the 1990s, 2000s, and 2010s. As a result, we have found out about two types of entrepreneurs: 1) "Wild entrepreneurs," more typical for the early stages of transition, are independent and rely on informal institutions; and 2) "Tamed entrepreneurs" become more common during the transition progresses, prefer a clear and developed formal institutional environment. Also, we have discovered that the entrepreneurial ecosystem dynamics are a joint outcome of entrepreneurs' intentionality, environment, and institutional effects. Premature formalisation of institutes in conditions of weak informal institutions may lead to a growing dependence of entrepreneurs and their businesses on an increasingly rigid environment, and thus to the generation of weaker entrepreneurs.

Online publication date: Fri, 10-Mar-2023

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