CORPORATE GOVERNANCE IN EASTERN-EUROPE - FINDINGS FROM CASE-STUDIES

A team of American economists headed by an authority on the transition economies of Eastern Europe presents findings from 18 case studies of industrial enterprises in the Czech Republic (N = 6), Hungary (N = 5) , and Poland (N = 7). Discussing such problems of corporate governance as managerial leeway in formulating policy and owners' ability to dis lodge incumbent managers who underperform, the authors compare foreign -owned firms with firms that are domestically owned. The case write-up s represent analytical summaries of extensive interviews involving mem bers of management teams, of Supervisory Boards, as well as of Boards of Directors. Included in the analysis are pertinent laws that govern ownership.