TY - JOUR

T1 - Crossing the threshold from founder management to professional management in Russian firms

T2 - An institutional perspective

AU - Shirokova, G.

AU - Vega, G.

AU - Knatko, D.

N1 - Shirokova, G. Crossing the threshold from founder management to professional management in Russian firms: An institutional perspective / G. Shirokova, G. Vega, D. Knatko // International Journal of Entrepreneurial Behaviour and Research. 2015. - Volume 21, № 1. - P. 76-106.

PY - 2015

Y1 - 2015

N2 - Purpose – The purpose of this paper is to bring together a strategic choice perspective and an institutional perspective in order to address the key research questions: how do Russian founder-CEOs perceive the institutional environment when succession issues are taken into consideration?; how do the perceived characteristics of different formal and informal institutions affect the founder-CEO’s decision to delegate authority to a professional CEO?; and what are the main barriers to founder-CEO succession in threshold firms in emerging markets such as Russia? Design/methodology/approach – Using a data set of 500 entrepreneurial companies from fast growing industries in Russia, the paper defines and studies threshold firms and analyses how various perceived characteristics of the institutional environment in emerging markets influence the likelihood of transition from founder management to professional management. Findings – Institutional factors such as poor security of property rights and dependence of the

AB - Purpose – The purpose of this paper is to bring together a strategic choice perspective and an institutional perspective in order to address the key research questions: how do Russian founder-CEOs perceive the institutional environment when succession issues are taken into consideration?; how do the perceived characteristics of different formal and informal institutions affect the founder-CEO’s decision to delegate authority to a professional CEO?; and what are the main barriers to founder-CEO succession in threshold firms in emerging markets such as Russia? Design/methodology/approach – Using a data set of 500 entrepreneurial companies from fast growing industries in Russia, the paper defines and studies threshold firms and analyses how various perceived characteristics of the institutional environment in emerging markets influence the likelihood of transition from founder management to professional management. Findings – Institutional factors such as poor security of property rights and dependence of the

KW - Russia

KW - institutions

KW - emerging market

KW - succession

KW - threshold firm

KW - WOS

KW - SCOPUS

KW - РИНЦ

U2 - http://dx.doi.org/10.1108/IJEBR-05-2014-0092

DO - http://dx.doi.org/10.1108/IJEBR-05-2014-0092

M3 - Article

VL - 21

SP - 76

EP - 106

JO - International Journal of Entrepreneurial Behaviour and Research

JF - International Journal of Entrepreneurial Behaviour and Research

SN - 1355-2554

IS - 1

ER -