Institutional Determinants of New Firm Entry in Russia: A Cross-Regional Analysis
研究了俄罗斯各地区制度环境（尤其是政治环境）如何影响新企业进入，发现政治变动（如州长更替）会降低低壁垒行业的进入率，而政治流动性和民主程度对小企业进入有促进作用，对中大型企业则有抑制作用。
Abstract We investigate how the regional institutional environment—in particular, the political environment—affects Russian new firm entry across regions, industries, firm size classes, and time. We find that entry rates in Russia are explained by natural entry rates and the institutional environment. Industries that are characterized by low entry barriers in developed market economies are found to have lower entry rates in regions subject to greater political fluidity, as in the case of gubernatorial change. We also find that higher levels of political fluidity and democracy increase relative entry rates for small-sized firms but reduce them for medium-sized or large ones.