Replication data for: Money, managers, and growth: Enterprise restructuring in the Czech Republic 1989-1995

After the collapse of communism in Central and Eastern Europe in late 1989, the region's new democratically-elected leaders were left with the vexing problem of how to revive moribund, long state-run industries. The policy advice proffered by Western experts was to stabilize the macro-economy, open up product markets to competition, and privatize state-owned enterprises. Through six case studies analyzing the experience of selected Czech manufacturing firms with restructuring, the dissertation seeks to address the theoretical question of why firms do or do not restructure in response to changes in economic policy. The case studies suggest that in the Czech case financial factors were a more important determinant of whether firms restructured than their ownership structure or the degree of market competition that they faced . The dissertation concludes by examining such works as those of Joseph Schumpeter, Alfred Chandler, Jr., and William Lazonick, which emphasize the importance of capital accumulation and entrepreneurship to economic growth, as the possible basis for an alternative theory of economic development to the neoclassical. Full Text is Available through ProQuest, Document ID: 740047211