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Institutional Upheaval and Company Transformation in Emerging Market Economies

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  • Karen L. Newman

Abstract

Company transformation in central Europe is qualitatively different from that observed in the West because of upheaval in the institutional environment. Case data from &= in the Czech Republic suggest that institutional upheaval slows the pace and progress of company transformation because it exacerbates structural inertia effects; eliminates templates for organizing; and promotes strategic confusion. At the same time, inter-organizational and interpersonal relationships facilitate company transformation during institutional upheaval.

Suggested Citation

  • Karen L. Newman, 1998. "Institutional Upheaval and Company Transformation in Emerging Market Economies," William Davidson Institute Working Papers Series 119, William Davidson Institute at the University of Michigan.
    • Handle: RePEc:wdi:papers:1998-119
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