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Politicized Managerial Capitalism: Enterprise Structures In Post‐Socialist Central And Eastern Europe

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  • RODERICK MARTIN

Abstract

The paper contributes to the sociological tradition of comparative institutional analysis. It argues that a distinctive form of capitalism is emerging in post 1989 Central and Eastern Europe, politicized managerial capitalism. This is a bifurcated system, one sub‐system internationally oriented, a still peripheral but increasingly integrated part of global capitalism, and a second sub‐system, more nationally oriented, dominated by managerial élites allied with weak states. Politicized managerial capitalism is founded upon the inherited practices of late Socialism, moulded by the post Socialist development process and congruent with the stage of development of capital, labour and product markets. It is unclear as to whether this is a transient or long‐term structure.

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  • Roderick Martin, 2002. "Politicized Managerial Capitalism: Enterprise Structures In Post‐Socialist Central And Eastern Europe," Journal of Management Studies, Wiley Blackwell, vol. 39(6), pages 823-839, September.
    • Handle: RePEc:bla:jomstd:v:39:y:2002:i:6:p:823-839
    DOI: 10.1111/1467-6486.00313
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    References listed on IDEAS

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    1. Martin, Roderick, 1999. "Transforming Management in Central and Eastern Europe," OUP Catalogue, Oxford University Press, number 9780198775683.
    2. Rein,Martin & Friedman,Barry L. & Wörgötter,Andreas (ed.), 1997. "Enterprise and Social Benefits after Communism," Cambridge Books, Cambridge University Press, number 9780521584036, January.
    3. Thirkell, John & Petkov, Krastyu & Vickerstaff, Sarah, 1998. "The Transformation of Labour Relations: Restructuring and Privatization in Eastern Europe and Russia," OUP Catalogue, Oxford University Press, number 9780198289791.
    4. van Tulder, Rob & Ruigrok, Winifred, 1998. "European Cross-National Production Networks in the Auto Industry: Eastern Europe as the Low End of European Car Complex," UCAIS Berkeley Roundtable on the International Economy, Working Paper Series qt35n5n451, UCAIS Berkeley Roundtable on the International Economy, UC Berkeley.
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    2. Cheung, Zeerim & Aalto, Eero & Nevalainen, Pasi, 2020. "Institutional Logics and the Internationalization of a State-Owned Enterprise: Evaluation of International Venture Opportunities by Telecom Finland 1987–1998," Journal of World Business, Elsevier, vol. 55(6).
    3. Sallai, Dorottya & Schnyder, Gerhard, 2017. "Coping with Autocracy: Corporate political activity, institutional duality, and MNE – local firm rivalry during “institutional backsliding”," Greenwich Papers in Political Economy 17628, University of Greenwich, Greenwich Political Economy Research Centre.
    4. Serafini, Giovanni O. & Szamosi, Leslie T., 2015. "Five star hotels of a Multinational Enterprise in countries of the transitional periphery: A case study in human resources management," International Business Review, Elsevier, vol. 24(6), pages 972-983.
    5. Son Le & Mark Kroll & Bruce Walters, 2010. "The impact of institutional changes on corporate governance mechanisms in transition economies," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 14(2), pages 91-114, May.
    6. Bruno Grancelli, 2012. "Bastions Of Irrational Conservatism? Shop-Floor Accounts And The Co-Evolution Of Organizational And Institutional Change In Russia," Organizations and Markets in Emerging Economies, Faculty of Economics, Vilnius University, vol. 3(2).
    7. Boehlke, Jerzy, 2010. "Major methodological challenges for the economic theory of the firm in the economies of Central and Eastern Europe," Business and Economic Horizons (BEH), Prague Development Center (PRADEC), vol. 2(2), pages 1-8, July.
    8. Dorottya Sallai & Gerhard Schnyder, 2015. "Strong State, Weak Managers: How Firms Cope with Autocracy in Hungary," Working Papers wp474, Centre for Business Research, University of Cambridge.
    9. Sallai, Dorottya & Schnyder, Gerhard, 2020. "What is “authoritarian” about authoritarian capitalism? The dual erosion of the private-public divide in state-dominated business systems," LSE Research Online Documents on Economics 102943, London School of Economics and Political Science, LSE Library.
    10. Dalton, Kevin & Druker, Janet, 2012. "Transferring HR concepts and practices within multi-national corporations in Romania: The management experience," European Management Journal, Elsevier, vol. 30(6), pages 588-602.

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