This paper uses firm-level data from the Business Environment and Enterprise Performance Surveys to study the process of convergence of transition countries with developed market economies. The study focuses on competition and market structure, finance and the structure of lending to firms, and...

Purpose – The purpose of this paper is to investigate whether an association exists between a firm's black economic empowerment (BEE) score and its share returns. Design/methodology/approach – The study uses linear regression that controls for the factors explaining share returns identified...

Purpose – Attempts to “Westernize” post-socialist economies of Eastern Europe resulted in little or no progress. This paper aims to incorporate the resource-based view (RBV) paradigm to shed light on the present difficulties and challenges. A shortage of resources, many of which are taken...

Purpose – The paper aims to investigate the problems experienced and problem-solving techniques of very small businesses during growth. Evidence shows that if managers can understand the potential for growth and the barriers in their own business path, they will be able to address the problems...

The equal access of women and men to goods and economic services plays an important role in achieving gender equality and empowerment of women. Gender equality, in the distribution of economic and financial resources, encompasses a multiple positive effect on the fulfillment of the key...

This paper focuses on the Medium-Term Development Program for the Kyrgyz Republic. The aim of this program is to put the economy of the country into a sustainable vector of development and improve the budget status to prevent social effects, increase living standard, and reduce poverty in the...

This paper focuses on the Strategy for Accelerated Growth and Sustainable Development (SCADD) for Burkina Faso. It provides an overview of a decade of development, takes stock of the recent performance of Burkina Faso in various areas, and identifies the main challenges. The paper spells out a...

This paper describes the Kingdom of Lesotho’s Poverty Reduction Strategy Paper and National Strategic Development Plan (NSDP) 2012/13–2016/17. NSDP recognizes, as a point of departure, the need and urgency for Lesotho to radically transform its economy. To achieve the National...