This study examines the effects of ownership transformation from the state to the private sector on firm performance in the post-privatization period using annual census-type data of Hungarian enterprises for the early 2000s. The empirical methodology designed to overcome the data limitations...

The lack of systematic knowledge on the SMEs training practices could be explained by the lack of financial resources and the low-motivation of managers to invest in skill development. This is the so-called competence paradox, according to which firms investing in their employees' competence...