Capital industries are currently undergoing a transition from being machine manufacturers to being providers of solutions and expertise. It is generally accepted that each step of the transition requires new business forms and consequently managerial and organizational changes within the...

How were contracts among firms enforced in the early phase of a transition economy when firms lacked experience with commercial contracts or legal procedures? What were their views of their new business environment? We interviewed a sample of Bulgarian firms, including private, state-owned and...