Development of czech firms during transition: an overview

Current Czech economic literature on transition lacks a comprehensive view on firms' development. Neither separate microeconomic studies nor macroeconomic stand alone provide complete picture of a real state of the economy. An excessive accent on macroeconomic figures may even be misleading to direct microeconomic development that may consequently result in deteriorating macroeconomic performance. To study how the firms evolve is an imperative to gain the knowledge on a course of economic transition as well as indispensable aid for future normative decisions. This paper aims to bring forth an up to date brief overview of previously conducted research, specifically on transformation of Czech firms.