118 Обучение предпринимательству Eunni R.V., Doctor of Business Administration, Associate Professor, Management Department Youngstown State University, Youngstown, USA, rveunni@ysu.edu Manolova Т. <...> S., Doctor of Business Administration, Associate Professor, Management Bentley University, Waltham, USA, tmanolova@bentley.edu INSTITUTIONAL CONTEXT FOR ENTREPRENEURSHIP IN EMERGING ECONOMIES: A NINE-COUNTRY COMPARISON OF UNIVERSITY STUDENTS’ PERCEPTIONS In this study, we compare and contrast the perceptions of the institutional environment for entrepreneurship among university students in nine emerging economies across three global regions: Central and Eastern Europe (Bulgaria, Hungary, Latvia, and Russia), Asia (China, India, and the Republic of Korea), and Latin America (Brazil and Mexico). <...> The student perceptions are measured employing a survey instrument developed by Busenitz et al. (2000) for industrialized countries, and validated in the context of emerging markets by Manolova et al. (2008). <...> Our results indicate that the institutional environments are perceived as overall unfavorable to new firm formation in all the three global regions as well as the nine constituent countries. <...> However, the institutional milieus vary along different dimensions. <...> The reasons for such variances could be traced to differences in the respective legal systems, cognitive structures, and normative traditions across regions and countries. <...> Consequently, the institutional environments present different opportunities and challenges to university students who consider an entrepreneurial career. <...> We discuss the theoretical, managerial, and public policy implications of our findings. <...> Introduction E merging economies are countries «with a rapid pace of economic development and government policies favouring economic liberalization and the adoption of a free market system» (Arnold, Quelch 1998; c.f. <...> Hoskisson et al. (2000) identified 51 rapid-growth developing countries in Asia, Latin America, Africa, and the Middle East. <...> To these, they added 13 transition economies in Central and Eastern Europe (CEE), which, since the late 1980’s, have transitioned from centrally-planned to market-based economic systems, committing themselves (in varying degrees) to strengthening their market mechanisms through liberalization, economic stabilization, and the encouragement of private enterprise. <...> Almost a quarter of the Fortune Global 500 firms are now based in the emerging markets, compared to only 4% Современная конкуренция Обучение предпринимательству in 1995 (The Economist online 2011 <...>