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Surviving the transition: Central European bank executives' view of environmental changes

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  • Hegarty, W. Harvey
  • Tihanyi, Laszlo

Abstract

Executives of ten large banks in three Central European transition economies were interviewed concerning their views of environmental changes. The study sought to identify environmental sectors that were important and uncertain for the bank executives. Central European bankers perceived customers, competitors, economic, and regulatory environmental sectors more uncertain than international and technological factors, sociocultural issues, and new entrants. We found that executives of banks with poor prior performance viewed environmental changes as threats rather than as opportunities.

Suggested Citation

  • Hegarty, W. Harvey & Tihanyi, Laszlo, 1999. "Surviving the transition: Central European bank executives' view of environmental changes," Journal of World Business, Elsevier, vol. 34(4), pages 409-422, January.
    • Handle: RePEc:eee:worbus:v:34:y:1999:i:4:p:409-422
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    1. Donald C. Hambrick, 1982. "Environmental scanning and organizational strategy," Strategic Management Journal, Wiley Blackwell, vol. 3(2), pages 159-174, April.
    2. Miller, K.D., 1993. "Industry and Country Effects on Manager's Perceptions of Environmental Uncertainties," Papers 93-105, Purdue University, Krannert School of Management - Center for International Business Education and Research (CIBER).
    3. McCarthy, Daniel J. & Puffer, Sheila M., 1997. "Strategic investment flexibility for MNE success in Russia: Evolving beyond entry modes," Journal of World Business, Elsevier, vol. 32(4), pages 293-319, January.
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    5. Kenneth A. Froot, 1994. "Foreign Direct Investment in Eastern Europe: Some Economic Considerations," NBER Chapters, in: The Transition in Eastern Europe, Volume 2, Restructuring, pages 293-318, National Bureau of Economic Research, Inc.
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    1. Khuong N. Mai & Khuong N. Mai & Phuong N.D. Nguyen & Phuong N.D. Nguyen & An K.T. Nguyen & An K.T. Nguyen & Ngoc M. Tran & Ngoc M. Tran, 2020. "The effects of managerial perceptions on CSR practices and corporate financial performance: an evidence from Vietnam," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(2), pages 858-874, December.

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