In this paper we present and test a theory of how political corruption, found in many transition and emerging market economies, affects corporate governance and productive efficiency of firms. Our model predicts that underdeveloped democratic institutions that do not punish political corruption...

Paper addresses the recent initiatives of EU Lisbon Agenda to increase level of R&D expenses in EU Member States by studying firm-level panel data in most advanced transition economy, Slovenia. Previous empirical literature - mainly cross-sectional - has tested the demand-pull hypothesis and...

Paper addresses the recent initiatives of EU Lisbon Agenda to increase level of R&D expenses in EU Member States by studying firm-level panel data in most advanced transition economy, Slovenia. Previous empirical literature - mainly cross-sectional - has tested the demand-pull hypothesis and...

We develop a theoretical framework for defensive and strategic restructuring, and provide estimates of restructuring in privatized firms in an advanced transition economy: Slovenia. Our rich data point to both types of restructuring, as well credit rationing and bargaining with respect to...

The recent initiative of the European Union Lisbon Agenda to increase levels of R&D investment is addressed by studying the determinants of R&D investment in one of the recent EU entrants, Slovenia. Previous empirical literature-mainly cross-sectional in nature-has tested the demand-pull...

The rigidity of labour market has several important negative economic consequences: it stifles job creation, increases discrimination of those it is actually aimed at protecting (young, women and low skilled), hurts the unemployed, slows down economic restructuring and damages its global...

This paper considers findings from a panel of Croatian and Slovenian firms throughout the period 1995–2000. Scrutiny of Croatia and Slovenia sheds light on regional issues, owing to their small size and their being part of the same country until the early 1990s. More particularly, the issues...