Croatia has a transitional economy that contains conditions for the evolution of business groups. Business groups are legally independent firms that typically are joined by equity ownership, and co-ordinating their use of resources, such as capital and managerial labour. They have evolved and...

What are the forces that influence strategic managerial decisions in the context of economic transition? In this paper, we analyse how strategic and governance forces influence the degree of discretion perceived by managers operating in the context of the transition economy of Russia. An...