The development of active investors has been argued to be a major factor in achieving efficiency in enterprises in transition economies. This article analyses the role of venture capital firms as active investors in Hungary, Poland and Slovakia. It outlines the development of the venture capital...

This book presents up-to-date evidence on the issues facing financiers and intermediaries involved in venture capital and management buy-outs. It provides a comprehensive review of existing literature and an analysis of international trends in market development as well as a global comparison of...

This paper examines the screening and valuation approaches used by venture capital firms in emerging markets using evidence from surveys of venture capital firms in Hungary, Poland and Slovakia. The results show notable differences in the state of development and operation of the venture capital...

In order for managers to take an interest in privatization, it is essential that they also see their position assured after the change of ownership. The method of transfer of an enterprise known as "management buyout" makes it possible for the managers to become owners. But can transfers of...

Instead of crisis-ridden branches or bankrupt enterprises, this article focuses on how to prevent or endure crises in the enterprises by using cutbacks as natural ingredients of the enterprises' business policies. The author compares the experiences gained in various Hungarian processing...