Using data on 157 large companies in Poland and Hungary this paper employs a Bayesian structural equation modeling to examine interrelationships between corporate governance, managers' independence from owners in terms of strategic decision-making, exporting and performance. It is found that...

In 1997 the government of the Philippines privatised the water services in the Manila Metropolitan Area (covering approximately 11 million people) by granting two large concession areas to consortia of international water companies and local partners. This case study tracks the successful...

This article presents the results of the first stage of a wider research on adequateness of the strategies adopted by recently privatized firms of Brazil's railroad system that focused upon the largest of these firms, MRS Logistica S.A. One of the most significant results was the evidence...

During economic downturns, firms file for bankruptcy in an effort to attempt a "turnaround". The objective of this study is to assess the effectiveness of retrenchment strategies in the context of bankruptcy, as the most severe form of crisis. We conducted a longitudinal analysis of a sample of...