The overwhelming empirical evidence suggests that, from the acquirer’s perspective, acquisitions are mostly at best “break-even” situations and at worst failures. Our study seeks to contribute to this pool of knowledge by analysing the performance of horizontal acquisitions. We examined...

We inhabit a global village in which international marketers are encouraged to think and act with both global and local interests in mind. The enlargement of the European Union (EU) in January 2007 has created a 27 member state EU with a population of nearly half a billion. The purpose of this...

The article assesses the power of institutional organization theory in explaining enterprise adaptation in post-socialism. Empirical analysis of the hotel sector in St. Petersburg, Russia, shows that industry-level isomorphic forces are not at work during economic transition. Combined with...

The study characterised evolution of the role of a new economic elite in Poland using the three-elite-generations metaphor: breakthrough elite, transition elite and consolidation elite. Describing this evolution in terms of the neoliberal modernisation paradigm, “elitist paradigm” and...

Despite the reunification of Germany more than 15 years ago, substantial differences remain between the regions that once comprised the market-driven West and the socialist, centrally planned East. Although today’s Eastern German economy is less competitive than the Western German economy,...

During the past, the evaluation of the chances of economic transformation and development of Eastern Europe was largely shaped by the view on the modernization and organizational restructuring of large enterprises/combines. Various scholars were sceptical how far these could contribute to a...

The article is devoted to the analysis of efficiency of sugar companies of Ukraine and the ways of its improving. The decreasing return to scale and scale inefficiency for the majority of sugar companies are determined. The main factors of sugar plants inefficiency are defined. Developed...

This paper examines the relationship between the psychic distance of decision makers in SMEs from specific foreign markets and their interest in cooperation with companies from those countries. Based on a review of the literature and a qualitative empirical study among entrepreneurs in the...

The introduction to the Special Issue on economic elites in Central Eastern Europe establishes a common understanding of elite research and the development of capitalism in Central Eastern Europe as developed during the 1990s. Since then, the composition of elites has been lost sight of by...

Surveys among entrepreneurs and managing directors of companies with 50 to 1,000 employees are used to describe features of managerial elites in East Germany. The paper looks at four dimensions: (1) the reproduction of economic elites during the transformation period and its current...