The transformation process, on which all four CentralEast European countries, i.e. the Czech Republic, Hungary, Poland and the Slovak Republic, have em barked, has become the subject of numerous publications. But as yet the majority of them dealt with institutional (systematic) changes and their implications for macroeconomic developments, while changes going on in the enterprise sphere received as yet only little attention. Even the few publications dealing with mi croeconomic topics focused only on individual issues and are thus unable to give a comprehensive picture of new entrepreneurial...