Competition and Corporate Governance in Transition
研究了转型经济中提升公司绩效所需的制度发展要素，包括初始条件、私有化形式、制度框架和市场竞争力，并比较了中欧与独联体国家的政策效果差异。
This paper examines the elements of institutional development critical to the enhancement of company performance in transition economies. This includes initial conditions, forms of privatization, institutional frameworks and the competitiveness of markets. Comparing empirical evidence, the paper concludes that there is a clear distinction in effectiveness of policies followed and their impact between Central Europe and CIS countries. This divergence is attributed to fundamentally different political attitudes toward reform, the need of CIS governments to gain political support for reform and as a consequence of the desire of Central European countries to join European Union.