This paper explains the location choices of multinational companies (MNCs) in a transition economy by traditional economic factors and institutional quality. Based on a thorough theoretical framework and a set of hypotheses, empirical data of an enterprise survey of 153 foreign firms in three...

The collapse of the communist system has initiated the transformation of Central and Eastern European (CEE) countries from a social-planned towards a market economy. The institutional transition, structural change and privatization process evolved at a different extent across CEE countries. The...

This paper analyses the transformation of elites in the Visegrád Four countries (namely the Czech Republic, Hungary, Poland and Slovakia). Drawing on a process-tracing analysis, it argues that the emergence of foreign-led economies in the late 1990s was intertwined with political processes in...