Firm Centred Perspectives
Edited by Mehmet Demirbag and Geoffrey Wood
This chapter analyses changes in the level of decision-making autonomy within state-controlled and private companies operating in Belarus. The authors find that regulatory restrictions still allow for some enterprise-level autonomy in investment decisions, particularly for private companies, while state-controlled companies have to resort to using their informal connections to secure the ability to operate semi-autonomously. The findings thus challenge the thesis that the Belarusian regulatory system is extremely rigid, and shed light on management practices at company level.
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