Using panel data on large Polish firms this paper examines the relationship between corporatecontrol structures, sales growth and the determinants of employment change during the period 1996-2002. We find that privatised and de novo firms are the main drivers of employment growth andthat, in the...

This paper offers analysis of corporate governance issues behind the stock market performance(stock returns and activity) in nine Central and Eastern European (CEE) countries: the CzechRepublic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia and Slovenia. Overthe period June 1994...

Using data on 157 large companies in Poland and Hungary this paper employs Bayesianstructural equation modeling to examine interrelationships between corporategovernance, managers’ independence from owners in terms of strategic decision-making,exporting and performance. It is found that...

This paper uses firm-level data on 162 large Hungarian enterprises to analyse the relationship betweenownership structure and corporate performance in 1998 and 1999. Cross-sectional regressions are runfor each of these years using the return on assets (ROA) as the measure of performance. Both...

This paper presents a case study based on a full dataset related to 31 companies operating in thePolish beer industry during the 1990’s. It discusses the impact of privatisation and of secondaryownership transfers on market outcomes. It confirms the critical role played by foreign...

What is the role of alliances in the growth of Russian enterprises? Who is in control in alliances, i.e. are they shared alliances or is one party dominant? How do the various resources (technology, finance and market access) shape the dynamics of alliances? This paper tries to answer on these...

The Working Paper employs the paradigm of new institutional economics to examine peculiaritiesof the Russian model of corporate governance and control in the banking sector. The study reliesupon theoretical as well as applied research of corporate governance in Russian commercial banksfeaturing...

The paper provides an interpretation of the transformation of post-soviet Russian enterprises from the resource-based perspective of the firm in the context of institutional change. Based on the resource-based perspective, which conceptualises a firm as a collection of resources embedded in...

In Russia, the problem of corporate governance has become a frequent subject fordiscussion. Stories now abound about questionable corporate governance practices, suchas share dilution, asset stripping, transfer pricing, complex ownership structures, limitingshareholders from attending the...

The paper discusses Polish privatisation from the industrial relations point of view. Itfocuses on the role of trade unions and workers councils in the privatisation process.Two polar privatisation blueprints are identified: those aiming at competitive ‘atomistic’firms and those, which...