Part I Theory

Introduction: State Capture, Political Risk and International Business

Johannes Leitner and Hannes Meissner

1. Corruption, Favouritism and Institutional Ambiguity as Political Risks – Insights from the Concept of Neopatrimonialism

Hannes Meissner

2. Political Risk and International Business: Where they Interfere, Consequences, and Options

Johannes Leitner

Part II: COUNTRY CASE STUDIES

3. Doing Business in Armenia: The Art of Manoeuvring a System of Corruption

Yevgenya J. Paturyan and Christoph H. Stefes

4. Political Risk Factors for the Business Environment in Georgia

Johannes Wetzinger

5. State Capture in Azerbaijan between clan politics and ‘bureaucratic oligarchy’

Rail Safiyev

6. Doing Business in Russia: The Main Political Risks and Challenges for International Companies

Julia Kusznir

7. Corruption among Ukrainian Businesses: Do Firm Size, Industry and Region Matter?

Elena Denisova-Schmidt, Martin Huber and Yaroslav Prytula

8. Political Risks in Moldova – A Barrier to International Investment?

Cornel Ciurea

9. Transformation of corporate governance in Turkey: Eliminating or Accommodating Political Risk for Doing Business?

Digdem Soyaltin

10. Corruption and Favouritism in Romania

Tina Olteanu

11. Political Risks to International Business in Bulgaria

Stoycho P. Stoychev

Part III: COMPANY CASE STUDIES

12. Take-off in Baku. Waagner-Biro and the new airport in Baku.

Hans Frey

13. Developing a Logistics Hub in Georgia: The Case of Gebrüder Weiss.

Thomas Moser

14. Advanced Siemens Medical Equipment in Modernization of Moldavian Healthcare

Serghei Putilin and Otto Oberparleiter

Conclusions

Johannes Leitner and Hannes Meissner