We establish a link between inefficient enforcement and the emergence of compensating institutional arrangements on the one side and the unusually broad implementation of flexible working time and flexible pay on the other as a crucial factor that made the stabilisation of employment in Russia...

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...

This paper seeks to reveal the potential of the concept of national competitiveness as a practical analytical tool. The paper offers suggestions on how research on national competitiveness can contribute to setting targets for socio-economic agenda in transition economies with special focus on...

From a modest start almost 20 years ago the Russian financial market has emerged as a major force in Eastern Europe and Central Asia. This paper offers a retrospective account of the two decades of the development of the financial sector in Russia with an emphasis on the securities market,...

This chapter puts under scrutiny the development of corporate governance within the emerging institutional context of the market economy of Russia. It looks at the forces that have determined the shape and performance of the corporate governance system in the period following the collapse of the...