This paper examines the recent history of the Hungarian energy trading market in a co-evolutionary framework. Hungary is characterized by a mixed ownership structure with mainly multinational incumbents in energy retail and distribution, while the wholesale is dominantly owned by state-owned...

The Theory of Reform is a comparatively new branch of economic theory that studies processes of purposeful change of economic institutions. In the paper, we outline corresponding problems, and present some of the most important results of the Theory of Reform. Sources of reform costs as well as...

For several decades, the private equity (PE) and venture capital (VC) have been spreading on the international scale and have recently affected emerging countries. The objective of this research is to shed light on the interest of this financing mode for supporting entrepreneurship in these...