The transformation of East-Central Europe deepens the debate about firm creation in a unique way: how do approaches to institutional creation impact the creation of firms? This paper theoretically and empirically explores this question by offering an alternative, embedded politics approach to...

Restructuring of large industrial holdings in the Czech Republic (S-firms) depends on probes into new markets. The development and financing of probes generates internal holdups and stalemates among the government, banks and S-firms. The government tries to preserve the value of just-privatized...

Intro -- Contents -- List of Tables -- List of Figures -- List of Abbreviations -- 1. Introduction: The Embedded Politics of Institutional Change in Postcommunism -- 2. Institutional Experiments and the Emergence of Industrial Networks in Communist Czechoslovakia -- 3. State Designs for Defining...