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Ideology And Ethics Of Transitional Entrepreneurs: Legitimacy, Soft Law, And Overcoming A Distressed Economy, Maryam Khosravi, Mojtaba Amiri, Nezameddin Faghih

New England Journal of Entrepreneurship

Purpose – Transitional entrepreneurship in distressed economies is a fairly new concept with respect to new ventures in such challenging economic environments. Formal institutional voids are sometimes held up as a reason for the difficulties present in distressed economies, along with exogenous shocks and other upheavals. In this research, the authors seek to contribute empirically and theoretically as to ways in which formal institutions voids can be filled by a culture developed by transitional entrepreneurs. Indeed, in transition economies, formal institutions need to be enhanced by informal institutions to control corruption and other misbehavior by authorities. Iranian economists emphasize these …