The case of Tata Steel clearly shows that the government policy in a country affects the growth and performance of the business. Th e government policy is the most important factor of the overall business environment, which influences the other constituents of the environment. There are several...

Following the collapse of planning, new small and medium-sized firms rapidly emerged in all transition economies. Using firm level data, we investigate the interaction between the widespread opportunities for new business activities such firms faced and their business environment. The business...