This paper uses a survey of 3,300 firms in 25 transition countries to shed light on the factors that influence restructuring by firms and their subsequent performance as measured by growth in sales and in sales per employee over a three-year period. We begin by surveying what a decade of...

This article provides new evidence on progress in transition and the 'readiness' for accession of enterprises in two EU applicant countries. A major innovation is to benchmark them against Spain. Approximately 200 manufacturing firms were surveyed in each of Poland, Romania and Spain....

Das vorliegende Buch beschäftigt sich mit einem wichtigen Teil des Transformationsprozesses, nämlich der Rolle und Organisation des Unternehmenssektors. Zugrunde liegt eine großangelegte Untersuchung der Weltbank, die mehr als 400 Firmen befragte.

We take a retrospective look at Hungary's experiment with a articularly draconian bankruptcy law. For an eighteen-month period in 1992-93, the Hungarian bankruptcy code contained an unusual automatic trigger that required the managers of firms that held overdue debts of any size to any creditor...