quantitative analysis of mass privatization programs in the postcommunist world. We argue that rapid large-scale privatization … back on the enterprise sector, as the state can no longer support the institutions necessary for the effective functioning … implementation of mass privatization programs negatively impacts measures of economic growth, state capacity and the security of …

does not receive support in the ownership but the indicator of voucher privatization supports it. The initial conditions … from early 90's were not the driving the financial distress. The voucher-scheme privatization results in poorer corporate …

What is the interrelationship among formal institutions, social networks, and new venture growth? Drawing on the theory … four different countries. We find the confluence of weak and inefficient formal institutions to be associated with a larger … institutional order (i.e., weaker and more inefficient institutions). The contributions and implications of these findings are …

context compared to the Chinese institutional context due to the polycentricity of institutions. The research implications of …

completely after we control for aggregate measures of economic development and quality of institutions. Informal institutions …

Republic (CR) and Poland. Whereas Polish policies of gradual privatization and state intervention into restructuring led to … significant growth in new firms, Czech policies of rapid, mass privatization produced stagnation. I argue that institutional … experiments not only in the ways it approached the creation of market institutions, but also in the ways it decentralized power …