Large and medium companies have failed to acquire legitimacy and respectability within the vast strata of the society in Russia. This resulting crisis of confidence may have serious consequences, including increasing intervention by the state. The study, which is based on the survey of 129 firms...

The purpose of the paper is to assess the financial depth of the Russian economy in the BRIC context. Russian financial market is evaluated by a set of key indicators that characterize the level of maturity of the national financial system in respect to international standards. This task is...

This paper contributes to a better understanding of global corporate and industrial change dynamics triggered at the firm level. Our focus is on convergence vs. divergence of national institutional systems. Data are drawn from a large N survey of German firms in the UK and British firms in...

We establish a link between inefficient enforcement and the emergence of compensating institutional arrangements on the one side and the unusually broad implementation of flexible working time and flexible pay on the other as a crucial factor that made the stabilisation of employment in Russia...

Effective property rights protection plays a fundamental role in promoting economic performance. Yet measurement problems make the relationship between property rights and entrepreneurship an ambiguous issue. As an advancement on previous research in this paper we propose a new approach to the...

Understanding what constitutes the perceived value of foreign education to international business students is critical for business schools in order to achieve their recruitment targets. One established method relies on a financial interpretation of the costs and benefits of business education....

This paper seeks to reveal the potential of the concept of national competitiveness as a practical analytical tool. The paper offers suggestions on how research on national competitiveness can contribute to setting targets for socio-economic agenda in transition economies with special focus on...

The paper evaluates the feasibility of employing mainstream models of corporate governance in the context of transition economies, using Russia as an example. The issue of corporate governance is considered as an element of an institutional crisis characteristic of post-communist countries. It...