Intro -- Contents -- Acronyms -- Tables -- Acknowledgments -- Introduction -- Part 1: An Institutional Approach to Eastern Europe's Transition -- 1. Party and State Institutions in Dual Transformations -- Part 2: Economic Reform in Communist Hungary, 1979−89 -- 2. Macroeconomic Stabilization...

Using a novel Hungarian dataset on firms and their Chief Executive Officers (CEOs), we estimate the impact of hiring expatriate CEOs. By examining foreign acquisitions where the new owner replaces the incumbent CEO with an expatriate or a local CEO, we address the selection into both acquisition...