By applying regulatory focus theory, this paper investigates the impact of both initialconfidence and of exactness of growth expectations on subsequent financialperformance of the small firms. Drawing on the unique data set based on the repeatedsurvey design, we make one of the first attempts to...

In this paper we use a comparative perspective to explore the ways in which institutions andnetworks have influenced entrepreneurial development in Russia. We utilize GlobalEntrepreneurship Monitor (GEM) data to study the effects of the weak institutionalenvironment in Russia on...

In this paper we combine a wide range of country-level institutional indicators with surveydata taken from the Global Enterprise Monitor on potential and actual entrepreneurial entry,to investigate the role of the institutions as determinants of the entrepreneurial entry,controlling for...

Why are there so few new firms in Russia? This paper provides further insights into the specific Russian business landscape and how it impacts the low level of new firm entry. As this paper indicates, internationally comparative data does not provide many clues since in terms of purely formal...

We investigate the determinants of start-up financing in 41 countries, using theGlobal Entrepreneurship Monitor surveys for 1998-20032. High quality of property rightsincreases both the total volume of finance and the use of external finance for theindividual start-up. The size of the formal...