Effective property rights protection plays a fundamental role in promoting economic performance. Yet measurement problems make the relationship between property rights and entrepreneurship an ambiguous issue. As an advancement on previous research in this paper we propose a new approach to the...

The paper evaluates the feasibility of employing mainstream models of corporate governance in the context of transition economies, using Russia as an example. The issue of corporate governance is considered as an element of an institutional crisis characteristic of post-communist countries. It...

In the full-fledged market economies, it is competition and institutional constraints that create incentives and conditions propitious for various business practices to thrive. But how do such practices develop in evolving markets of which weak institutional environments is a typical feature?...