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To examine China's reforms and successes could have been replicated to other transition economies.

The applicability of the Chinese process as an alternative for transition economies involves an analysis of the necessary reforms regarding price liberalisation‐stabilisation; privatisation; institutions; monetary policy and the financial system; fiscal policy; international trade and foreign aid and social policy.

The transition process in China has maintained political‐ideological authoritarianism and state control of the whole economy. Therefore, it was not the “special initial conditions” of China that made the model inappropriate but, rather, the switch to a democratic political‐ideological‐economic structure in transition economies.

The paper contributes to the transition literature by demonstrating that the strategy was only rendered workable in China, as the governments of transition economies neither had the mandate nor wanted to reimpose tight state direction of the politics, ideology and economy.

Family business successors have three career options. They may find a job, start their own business or join their family business and eventually take it over. This broadens the scope of a common entrepreneurial dilemma of whether to start a new venture or seek hired employment. The purpose of this paper is to highlight the problem from multiple angles in two different socio-political environments.

A survey was conducted among senior students in 34 countries with 109,000 participants. Several influencing variables such as family business background, motivation for self-employment, university environment and family business performance were defined. The used multinomial logistic regression with categorical three-dimensional independent variable allows to capture the complexity of an individual’s approach to career choice intention taking into consideration family business performance, personal motives for self-employment and university support for entrepreneurship.

All hypotheses include succession intention as a central category. There is significant correlation between friendly and supportive environment for entrepreneurship at university and the successor’s career choice. Performing family business is positively connected with the succession preference compared to the other two career alternatives. In the market economy group, students, who attended at least one entrepreneurial course, exhibit a significant preference for succession compared to employment. Male students are more likely to choose succession career than employment and founding a new own venture than succession. Students with family business background exhibit significant preference towards succession.

Some EU countries have a common denominator of almost 50 years of communist regime experience, which broke the entrepreneurial tradition and for a couple of decades prolonged the development the market economy. The value of the study is in the model comparison of transition and market based economies in the EU.

By incorporating the resource-based view with the dynamic capability view, this study aims to examine the link between corporate political networking strategy and firm performance in transition economies by focusing on the mediating role of corporate entrepreneurship and the moderating role of dysfunctional competition.

A large-scale questionnaire survey was conducted among 1,300 senior managers from 650 enterprises in China, and valid survey data were obtained from 401 enterprises.

Empirical results demonstrate that political networking strategy is positively related to firm performance and that this relationship is fully mediated by corporate entrepreneurship. Moderated path analysis indicates that dysfunctional competition strengthens the direct effect of political networking strategy on corporate entrepreneurship and its indirect effect on firm performance via corporate entrepreneurship.

This research is among the first to examine the mediating mechanism underlying the relationship between political networking strategy and firm performance in the context of transition economies. In addition, existing research has seldom discussed the effects on corporate entrepreneurship of external resource acquisition from government sources. This research fills this important gap and identifies the condition under which political networking benefits corporate entrepreneurship.

The purpose of this paper is to evaluate the success of privatization based on the performance of relevant macroeconomic variables before and after privatization.

Using the labor market and economic indicators in Latin America and the Caribbean during 1990‐2002 and 1993‐2004, the researchers investigate whether different stabilization and liberalization strategies and the industry sequencing result in different macroeconomic performance for transition and emerging economies.

The results of this study revealed that based on the changes in macroeconomic variables, privatization in Latin America and the Caribbean failed to meet its intended goals, and successful privatization plan is indeed related to appropriate economic reform and effective macroeconomic stabilization policies.

This research leads to the conclusion that macroeconomic stabilization, industry sequencing and market liberalization are necessary prerequisites for a fair, equitable and transparent privatization process.

The study provides useful information on privatization, economic reform and effective macroeconomic stabilization policies with an emphasis on Latin America and the Caribbean.

Based on consecutive labor force surveys, this study examines labor market dynamics during the first decade of the Estonian transition to market. The results show that, similar to other transition economies: Estonia’s employment and labor force was reduced; patterns of mobility profoundly changed – labor market flows intensified and previously nonexistent transitions emerged; and some groups of workers were disproportionally affected, chief among them the less educated and ethnic minorities. But Estonian fundamental free market reforms also produced labor market outcomes that differ significantly from those in other transition economies – above all, the intensity of worker and job flows in Estonia’s transition have surpassed those in most other transition economies. This was achieved by deliberate policies aimed at stimulating job creation and employment, above all by low employment protection and other policies geared toward increasing employability and strengthening the incentives of workers. Moreover, under the dynamic Estonian labor market adjustment, marginal groups have fared better than those in more protective labor markets of other transition economies.

Institutional trust is vital for social and economic activity and crucial in reducing uncertainty for entrepreneurs and society. To shed light on the role of institutional trust on productive entrepreneurial activity, this paper analyses the impact of six urban entrepreneurial ecosystems (EEs) using the contexts of the transition economies of Eastern Europe, Caucasus and Central Asia. This study aims to pursue the research question: what role does institutional trust play in the relationship between formal institutions and productive entrepreneurship in the EEs of transition economies? This paper aims to posit that the development and enforcement of formal institutions and institutional trust enhance productive entrepreneurship.

In this study, the authors apply a mixed-method approach. The authors’ dataset includes 657 respondents (ecosystem stakeholders) from six city-level entrepreneurial ecosystems in the transition economies of Georgia, Ukraine and Kazakhstan, as well as 51 semi-structured interviews from EE representative stakeholders to examine the validity of the findings.

Institutional trust in many cities has been negatively affected by institutionalised corruption and continuous non-transparent reforms, furthering prior research in developing and transition economies. The authors’ findings suggest that institutional trust can be investigated not as a country phenomenon but as a regional phenomenon extending prior research towards understanding the institutional trust – productive entrepreneurship research domain at the city EE level.

The authors apply the institutional trust perspective to the EEs in cities in order to examine how institutional trust affects productive entrepreneurship in challenging institutional environments. The authors contribute to the literature on institutions and entrepreneurship by using a mixed-method analysis to examine the relationship between formal institutions and institutional trust in the context of EEs in transition economies.

The purpose of this paper is to analyse innovations in education from the point of view of product content and markets selected. Emerging market economies face a number of problems many of which are closely linked to and dependent upon the effectiveness of higher professional education. External environment changes, such as the formation of knowledge economy, globalisation, changes in the educational needs of consumers as well as new technological advances and growing competition require a different scale of innovations in higher education.

The authors provide research results generated by three waves of expert interviews and several surveys.

Economies in transition set special and very challenging tasks to the higher education system. It needs to be flexible enough to provide high quality services to meet the changing needs of a transition economy and still be able to carry our its social and humanitarian functions. A strategic marketing approach can be useful to implement the necessary transformations within higher education and develop innovations in the content and delivery of educational services to satisfy a variety of stakeholders of a university and facilitate positive developments in the society.

There is a gap between how universities perceive their main functions in a transition economy and what government and society expects from them.

Export of education and other forms of internationalisation are very important for universities in transition economies. Unless linked to the university development strategy, internationalisation has little impact on the programmes' quality and will remain élite in character.

The paper combines conceptual issues (such as educational service definition) and practical aspects such as new competencies needed, transformation management and internationalisation strategy development all linked together by the needs of transition economies.

The purpose of this paper is to illuminate change processes in Vietnam, China, and the USSR.

“Policy ethnography” may be used to examine the emergence of policy rationalities that may or may not be locally feasible. Through the use of a conceptual heuristics to interpret practice, this paper contrasts approaches in the development of “conservative” transition rationalities suited to the shift from plan to market whilst retaining a ruling Communist Party in power. Comparison is made between Vietnam, where a successful “conservative” transition occurred, and a failed policy experiment in the Soviet Union. The discussion extends to China, where, as in the case of Vietnam, a policy‐oriented policy rationality of transition may be observed.

Through the use of a conceptual heuristics to interpret practice this paper, contrasts approaches in the development of “conservative” transition rationalities suited to the shift from plan to market whilst retaining a ruling Communist Party in power. Comparison is made between Vietnam, where a successful “conservative” transition occurred, and a failed policy experiment in the Soviet Union. The discussion extends to China, where, as in the case of Vietnam, a policy‐oriented policy rationality of transition may be observed.

Further research into the development of conservative policy rationalities in other context is advised.

The paper concludes that attaining a successful heuristics amongst policy consumers is likely a necessary condition of a managed conservative transition, and that this heuristics does well to define system changes as a process, rather than a discrete step, in constructing a cognitive basis for policy rationality.

The paper consistently avoids realist arguments about policy, which would suggest judgments as to whether policy is “correct” or “incorrect”, and focuses upon the creation of policy rationalities.

Literature, spanning industrial organization and strategic management disciplines, uses variance decomposition to understand the relative importance of firm, industry and business group effects in shaping profitability variations. Some literature analyzes firm profitability under transition to liberalization. Previous research has taken a static before-and-after view on institutional change. This paper aims to focus on the dynamic process of liberalization in India, analyzing how different institutional regime changes alter firm behavior leading to changes in profitability patterns.

Based on a panel data set of several thousand Indian firms, spanning the 26-year period between 1980-1981 and 2005-2006, the authors determine the relative importance of firm, industry and business group effects in explaining manufacturing firms’ profitability variances across different institutional phases. The authors evaluate three propositions that help assess transition dynamics between phases. They determine the quantum of catch-up or falling behind by firms.

Different industries emerge as profitability leaders, as the economy progresses through different liberalization phases. Business groups that have been more effective in resource appropriation, rent-seeking, politician management and non-market activities in a controlled regime are replaced as profit leaders by those that, in a free-market economy, can be capable of intra-business resource allocation tasks and leveraging corporate capabilities.

The approach demonstrates how to analyze the underlying detailed structure of firm-level data, and performance outcomes, to derive nuanced interpretation of factors giving rise to the effects that explain profitability variances, and how to assess the way these effects behave over time. The dynamic evidence-based approach highlights what factors matter, where, when and why, in influencing profitability variances, which are a key dimension of industrial and economic performance.

The purpose of this paper is to offer a personal reflection on the Romanian post‐communist transition, using an organization theory‐based analytic framework combined with the author's personal experience.

The paper is based on the authors' experience in Romania during the transition (policy implementation, evaluation projects, and research). The experience is captured using concepts from institutional, organizational change, and critical theories.

Transition economies offer unique settings for building theory that describes the dynamic events situated at the boundary between institutions and organizations. Although this potential has yet to be realized, knowledge can be captured by using less conventional research designs, a critical perspective, and creative concepts and approaches.

The paper has potential implications for researchers conducting studies in transition economies, or in otherwise dynamic environments. The author provides several examples that are not well explained by existing frameworks and models, and offers suggestions for possible designs that might be more appropriate in transition settings.

Both autochthonous and foreign practitioners might find the examples and the analytic framework informative and applicable to the problems they are faced with in transition economies.

The paper combines conventional and critical theory‐based approaches to the study of the Romanian transition. Authors interested in research at the institution – organization boundary can consider some of the suggested for formalizing their research.