Institutions, resources and firm strategies: a comparative analysis of entrepreneurial firms in three transitional economies

This study contrasts the impacts of institutions on entrepreneurial high technology firms in three transitional economies that share many institutional similarities but have taken different paths to economic reform: China, Poland and Russia. The study explores the impact of institutions on core aspects of the firm including strategic orientation, top management dynamics and firm strategy. We argue that different institutional environments that result from different development paths produce different strategic mindsets and generate different strategic actions. The findings have significant implications for institutional effects on transitional economies, which are discussed in light of future research on entrepreneurial firms.