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TERRA ECONOMICUS

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  • 2013
  • No 3.2
  • The institutions of entrepreneurship: peculiarities and modernization tools in the south Russian regions

The institutions of entrepreneurship: peculiarities and modernization tools in the south Russian regions

TERRA ECONOMICUS, , Vol. 11 (no. 3.2),
p. 95-100

The article explores fundamental institutions of entrepreneurship in the multisectoral economy of South Russia and characteristics of institutional modernization in modern environment. The author defines the main tools for institutional business modernization, such as microcredit and franchising. The paper comprises proposals for stimulating the entrepreneurial activity as a requirement for institutional modernization of the regional economy.


Keywords: modernization; institutionalization; entrepreneurship; multisectoral regional economy; microcredit; franchising

References:
  • Boettke P.J., Coyne C.J. (2009). Context Matters: Institutions and Entrepreneurship. Foundations and Trends in Entrepreneurship Vol. 5, № 3, P. 135–209. Available at: http://ssrn.com/abstract=1625350.
  • Federal Law № 209-FZ of the Russian Federation of July 24, 2007 «On Development of Small and Medium-sized Business in the Russian Federation» (with amendments dated October 18, 2007, July 22–23, 2008, August 2 and December 27, 2009, July 5, 2010, July 1, 2011, July 23, 2013). Available at: http://base.garant.ru/12154854/#4. (In Russian.)
  • Ivanova Y.N., Ivanov V.V. (2009). Actions and principal mistakes by Russian companies when developing a strategy of entrance into regional markets. TERRA ECONOMICUS № 4, Vol. 7, P. 116. (In Russian.)
  • Kotlyarov I.D. (2011). Financial aspect of franchising relations: question of royalty rate calculation. Korporativnye Finansy № 1(7), P. 33. (In Russian.)
  • Matusevich M.S. (2011). The possibilities of franchisee financial support in market conditions. Voprosy ekonomiki i prava. № 6. P. 72. (In Russian.)
  • System of microcredit (2012). Available at: http://www.banki.ru/news/interview/?id=2018718. (In Russian.)
Publisher: Southern Federal University
Founder: Southern Federal University
ISSN: 2073-6606