This article reviews the origin and spread of the distressed debt problem in the transition region. We argue that while the crisis was triggered abroad, the current high level of distressed debt in various transition countries mainly reflects home-grown vulnerabilities. As in the West, the root...

The privatisation of State Owned Enterprises (SEO) and cooperatives in Slovakia in the post-communist period created an SME sector diverse in origin and ownership. In the period 1993 to 2011 the size of the SME sector doubled. In this study we develop hypotheses from extant theories and analysis...