We examine the investment behavior of a sample of Polish industrial firms over the period 1991-1993 by means of a model that views investment flows as part of the firm's effort to adjust its assets and liabilities so as to maximize the returns to the firm. We argue that the application of...

Using event study methodology, we investigate whether bilateral investment protection treaties afford protection to foreign investors. Examining arbitral decisions for firms from six countries shows that firms that received awards from arbitrators gained in market value by as much as 3%. Per...

We examine the extent to which workers in transition and developed market economies are able to obtain wages that fully reflect their skills and labor force characteristics. We find that workers in two transition economies, the Czech Republic and Poland, are able to better attain the maximum...