Title: Entrepreneurial orientation in the emerging Russian regulatory context: the criticality of interpersonal relationships
Authors: William J. Wales; Galina Shirokova; Liubov Sokolova; Christopher Stein
Addresses: School of Business, University at Albany, SUNY, 1400 Washington Avenue, Albany, NY 12222, USA ' Graduate School of Management, St. Petersburg University, 3 Volkhovsky pereulok, St. Petersburg, 199004, Russia ' Graduate School of Management, St. Petersburg University, 3 Volkhovsky pereulok, St. Petersburg, 199004, Russia ' Department of Management, College of Business Administration, University of Central Florida, 4000 Central Florida Blvd., P.O. Box 161991, Orlando, FL 32816-1991, USA
Abstract: The present research examines the understudied impact of the regulatory environment on the manifestation of Entrepreneurial Orientation (EO) among firms within an emerging market context. Results from an exploratory sample of 432 Russian Small and Medium-Sized Enterprises (SMEs) suggest that key aspects of the regulatory environment may deserve further attention in future research. Controlling for the level of compliance by a given Russian SME, the perceived protection of private property rights was observed to have a marginally significant direct positive effect, whereas the perceived strength of contract law is shown to exhibit a marginal negative relationship with EO among Russian SMEs. In terms of operating within this emerging regulatory context, the perceived availability of governmental contracts had a marginal positive effect on EO. Finally, stressing the importance of 'who you know is more important than what you know', relationships with government officials had a very strong positive effect on EO.
Keywords: entrepreneurial orientation; strategic posture; Russia; regulatory environment; emerging markets; psychometric measurement; entrepreneurship; interpersonal relationships; small and medium-sized enterprises; SMEs; private property rights; contract law; government contracts; government officials.
European Journal of International Management, 2016 Vol.10 No.3, pp.359 - 382
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