Expectations before privatization and market realities after privatization: technology transfer

Recently privatized firms in Central and Eastern European (CEE) countries a re searching for Western European partners to transfer their technologies t o Western countries. The differences in expectations between CEE managers a nd their Western counterparts increased as privatization efforts intensifie d. This paper proposes a model which can explain the differences in expecta tions before privatization and market realities after privatization, betwee n CEE managers and their Western counterparts in terms of technology transf er out and into GEE.