on political outcomes. Well-functioning financial institutions, in turn, increase the political support for anti … political economy perspective, as the majority of people in a corrupt country suffer from high corruption levels. Our model is …, we show that a lack of financial institutions can lead to more corruption as more voters are part of the corrupt system …

This paper introduces labor market transition as an intervening process by which the macro institutional transition to … a market economy alters social stratification outcome. Rather than directly addressing income distribution, it examines … China, but urban workers are increasingly more likely to take advantages of the new market opportunities. In urban China …

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 …

The number of firm bankruptcies is surprisingly low in economies with poor institutions. We study a model of bank …. We show that institutions must improve significantly in order to yield a stable equilibrium in which the optimal number … of firms is liquidated. There is also a range where improving institutions may decrease the number of bad firms …

We initiate examination of the political boundaries of the firm by exploring the phenomenon of “businessman candidates …”: business owners and managers who bypass conventional means of political influence to run for public office themselves. We argue … that in-house production of political influence will be more likely in institutional environments where candidates find it …

uncertainty. While the number of financial institutions has increased dramatically, the state sector still dominates financial … decade the transition from the Soviet banking system to a market oriented banking system is incomplete and fraught with …

organizational response to the imperfect institutional environment of both state and market. Specifically, we show that the community … government's involvement in TVEs helps overcome the problems of state predation and under-financing of private enterprises. We … also explain why TVE governance leads to harder budget constraints than state-owned enterprises. …

on the ease with which potential competitors to the incumbent firms can enter the product market. There is a growing … enter a product market than strategic positions adopted by the incumbent firms. We examine this proposition in the context …

In most countries of Central and Eastern Europe and the Commonwealth of Independent States, the transition to market … led to the emergence of a private sector and open unemployment. The Belarusian labor market is characterized by low … government is to launch a labor market reform that would balance providing adequate protection for workers with the need to …