We explore how institutional quality moderates the effectiveness of privatization on entrepreneurs' sales performance. To do this, we blend agency theory and entrepreneurial cognition theory with insights from institutional economics to develop a model of emerging market venture performance....

Entrepreneurs in emerging market economies operate in weak institutional contexts, yet these can imply different types of government. In some countries (e.g. Russia), the government is predatory, and the main risk faced by (successful) entrepreneurs relates to expropriation. In other countries...

The formation of new private firms can facilitate transition from socialism to a market economy. This study uses data from transition economies to investigate the effects of large-scale privatization and the barriers to the establishment of new firms. It finds that large-scale privatization...

We analyze the impact of firm's asset uniqueness and its growth opportunities on the leasing decisions of U.S. startups. To test our hypotheses, we use a unique dataset provided by the Kauffman Foundation. Our results show that startups in the high-technology sector have a lower propensity to...

Today, Public policy apart from addressing the concerns/aspirations of the nation, must also be WTO complaint. All the subsidies are on the chopping mat, exceptions are few. One such an exception is subsidy to Ramp;D. This article gives a (Indian) historical perspective on this subject. The...

Unemployment problem is a crucial issue that needs a serious attention and solution by the Indonesia government. Since 2008, Directorate General of Higher Education (DGHE) has established students’ entrepreneurship program by offering various grants for facilitating the students to start...

Purpose – This study examines the spatial and inter-temporal spillover effects of privatization on the corporate efficiency and regional income inequality of Chinese state-owned enterprises (SOEs).Design/Methodology/Approach – The spatial Durbin model (SDM) is used in regressions to examine...

The standard approach to the legal foundations of corporate governance is that corporate law promotes separation of ownership and control by protecting minority shareholders from expropriation. This paper takes a broader perspective on the economic and legal determinants of corporate governance....

In this essay, we explore cultural impacts on the private entrepreneurship in the post-Doi Moi Vietnam. Some important aspects of the traditional cultural values of the Vietnamese society are explored in conjunction with the socio-economic changes over the past two decades. Traditional cultural...

This article elaborates on the role of personal remittances and Foreign Direct Investment (FDI) as the forms of international private aid most compatible with sustainable economic growth and development. We argue that remittances and FDIs are not only the most prevalent forms of private aid, but...