Institutions are widely regarded as a crucial locational advantage of host countries aiming to attract foreign investors. However, there is little agreement on which institutions matter, and why. This study contributes to filling this gap by analyzing the impact of different dimensions of the...

Using a panel dataset containing information on FDI flows from market to transition economies, we establish the determinants of FDI inflows to Central and Eastern Europe: country risk, unit labour costs, host market size and gravity factors. In turn, we find country risk to be influenced by...

The relationship between enterprise performance and the various exogenous variables – ownership, competition, financial constraints – have been considered separately in the papers of this Special Issue. In this concluding paper, we analyse them together and investigate their interaction. We...

Output decline has been a feature of the transition economies in the initial post-communist period, including in those countries that belonged to the former Soviet Union. However, explanations for the decline and its persistence have not been easy to find, and mostly they have focussed upon...

This paper takes the form of a comparative study of the body of research upon enterprise performance and restructuring in established market economies and transition economies (TEs). We firstly examine issues related to empirical studies of enterprise performance and restructuring, including the...

Using data from a large enterprise-level panel designed to address this issue, we account for enterprise performance in Russia. We link performance to four aspects of the economic environment outlined in the literature: enterprise ownership; corporate governance; market structures and competition;...