The balance of economic power in Europe is shifting eastwards. Poland, the Czech Republic, Hungary, and Romania have all seen increases in their contributions to international trade and in the rate of GDP growth, whilst other countries have seen declines, and firms in these Central and Eastern...

The paper examines the relation between forms of financing and the level of expenditure on research and development (R&D). The paper shows that the probability of issuing new equity rises monotonically with the level of expenditure on R&D, whilst the use of debt finance follows an inverted U...

The growth of shareholder value has been a major change in Western economies since the 1980s. This growth has reignited debates concerning relations between investors and managers. This book argues that investors are more than passive providers of finance, on whose behalf managers seek to...

Transforming Management in Central and Eastern Europe analyses changes in enterprises in seven European countries since 1989 - Bulgaria, the Czech Republic, Hungary, Poland, Romania, Russia, and Slovakia. Economic trends have differed vastly between these countries, but nevertheless, there are...

The paper contributes to the sociological tradition of comparative institutional analysis. It argues that a distinctive form of capitalism is emerging in post 1989 Central and Eastern Europe, politicized managerial capitalism. This is a bifurcated system, one sub-system internationally oriented,...