Abstract

The objective of this review is to systematically map research on entrepreneurship in transitional economies since the start of institutional reforms. We build on Smallbone & Welter’s (2001) conceptual arguments on the distinctiveness of entrepreneurship in transitional economies and extend two recent surveys (Yang & Li, 2007 and Meyer & Peng, 2005) of empirical research in this context. We address three research questions: How has research on entrepreneurship in transitional economies progressed over the last two decades? At the macro-level, what findings about the impact of institutional context, level of economic development, and speed of reforms can be generalized? At the firm level, what new knowledge about entrepreneurs (antecedents, process, and outcomes) has been discovered?

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