Open AccessThe behavioral maladjustment of the communist managerial elites (the case of the czech republic)
Author(s) -
Tomáš Cvrček
Publication year - 2001
Publication title -
prague economic papers
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.233
H-Index - 17
eISSN - 2336-730X
pISSN - 1210-0455
DOI - 10.18267/j.pep.165
Subject(s) - czech , communism , corporate governance , capitalism , scarcity , path dependency , economic system , market economy , dependency (uml) , business , political science , economics , management , law , engineering , politics , philosophy , linguistics , systems engineering
The scarcity of educated and experienced managers and the path dependency influence the corporate governance of the post-communist enterprises. Using the standard microeconomic tools, the paper investigates the possible similarities between the old "command economy management" and the behavior of managers under the conditions of infant capitalism. It concludes that the standard microanalysis, supplemented with assumptions representing the management behavior under communism, may offer a viable theoretical explanation of management decision making as seen in the Czech Republic.